A study on Garbage Truck Bodies Market has been conducted to understand the market situation in 2022.
Survey period: October 15th to October 22nd, 2022
Survey Base: We surveyed 540 market players of all sizes
Number of valid responses: 535
Survey method: field survey 250, internet survey 290
Survey Respondents: The survey was conducted among companies based on revenue Survey results:
Question: Which are the most popular sub-segments of the Garbage Truck Bodies market application segment?
The application segment can be sub-segmented into municipal solid waste disposal, construction and mining, etc. Among them, the municipal solid waste treatment sector accounts for more than 50% market share. Increasing awareness of proper planning for solid waste collection, transportation and treatment is driving the growth of this sub-segment. In addition, increasing resource allocation for efficient disposal of municipal solid waste is also acting as a growth factor. [Image 1
Question: Which regions are expected to offer lucrative opportunities for the Garbage Truck Bodies market?
Asia-Pacific will hold over 40% market share by 2031, with a market size expected to reach $1.34 billion. China and India are the largest contributors in the region. Population growth and rapid
industrialization, as well as increasing consumer awareness of waste management are the major factors driving the market growth in the region. Apart from that, the second most favorable region is North America, followed by Europe.
Q: What is the CAGR and revenue of the garbage truck body market? Garbage truck body market will grow at a CAGR of 5% and will be valued at USD 4 billion by 2021. Moreover, the market is expected to hold a revenue of US$6 billion by 2030.
Q: Additionally, the market is expected to sustain revenues of 6 billion billings by 2030.
Following are the growth factors of Garbage Truck Body Market:- – Population growth
Over the next 30 years, the world’s population is expected to increase by 2 billion people. This could grow from 7.7 billion today to 9.7 billion in 2050, reaching nearly 11 billion around 2100.
As the number of people increases, the amount of waste generated increases, thus increasing the demand for waste management.
– Rapid urbanization
Villagers are moving to cities to generate more waste, and increased use of technology is also generating large amounts of e-waste. in brief,
It can be seen that the garbage truck body market has an exceptional growth future. However, the high cost of the required equipment and spare parts is expected to limit the market growth. Well-known companies such as DoverCorporation, Oshkosh Corporation, Changsha Zoomlion Heavy Industry Science & Technology Development Co., Ltd., Fulongma Group Co., Ltd., Geeinknorba Group, etc. provide consumers with the best service and make a profit. increase.
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