United States Solid Waste Management Vehicle Market to Grow with an Impressive CAGR until 2026
Surge
in demand of robotic Solid Waste Management Vehicle in the country is driving
the growth of United States Solid Waste Management Vehicle Market, in the
forecast period.
According to TechSci report on, “United States Solid Waste Management Vehicle Market By Vehicle Type (Auto
Tipper or Hopper Tipper, Garbage Compactor Truck, Dumper Placer, Earth Moving
Equipment) By Region, Competition Forecast & Opportunities, 2026”, United
States solid waste management vehicle market is anticipated to show a robust growth in the
forecast period 2022-2026 with an impressive CAGR on the account of rising
demand of better and convenient transportation system of the solid waste
management as well as the surge in the demand of the better management of the
solid waste that is being produced daily in the country. Moreover, exponential
rate of expansion of industrial activities and inappropriate methods of waste
management are expected to boost the growth of the United States solid waste
management vehicle market in the next five years. Due to rapid population
growth and urbanization, the solid waste production has increased therefore
authorities have been making stricter rules and regulations regarding the solid
waste management and industrial wastes, the process involves a major category
of vehicles that transports the garbage from door to door and transports it to
the solid waste management factories, which is driving the growth of the United
States solid waste management vehicles market in the next five years.
According to the
U.S. classification of trucks (class 1 to class 9), refuse collection trucks
fall under the class 8 category, which is considered a category for heavy
trucks. In the U.S., while heavy trucks contribute merely 4% of total vehicles,
they are estimated to be responsible for ~30% of vehicle emission and ~26% of
fuel usage. Also, demand of electric and hybrid electric vehicles that may help
in the solid waste management is increasing. Mostly for the heavy duty trucks
which contributes to the hazardous fuel emission. The electric and hybrid
vehicles would have great impact on the emissions with their cleaner economics
and outsized impact. Thus, the factor is also inclusive in the list of driving
factors of the United States solid waste management vehicle market growth in
the upcoming five years.
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The United States solid waste management vehicle market is segmented
by vehicle type, regional distribution and competitional landscape. Based on
vehicle type, the market is further bifurcated into auto tipper or hopper
tipper, garbage compactor truck, dumper placer, and earth moving equipment.
Auto tipper or hopper tipper are anticipated to hold the largest shares of the
market and assert its dominance over other type of the solid waste management
vehicle market on grounds of the surge in the demand and requirement to collect
the garbage from door to door. Auto tippers are a refuse compactor vehicle,
that is mounted with solid waste collection equipment. It is often designed for
lifting and unloading the garbage from bins, and small collectors. Garbage compactor
trucks are a kind of portable compactors. A compactor body is mounted on a
truck along with a container. It is designed to be transported by specially
designed Hook Loader Unit, which is driven to the dumping ground/processing
plant for discharge of compacted garbage. Dumper placer is a truck that is
mounted with hydraulically operated arms and lifting mechanism that collects,
lifts, transports, tips, etc.
Holding the largest revenue of the market shares, a
partial list of the market players includes Waste Management Inc., Republic
Services Inc., Waste Connection Inc., Clean Harbors Inc., Covanta Holding
Corporation, US Ecology, Inc, Oshkosh Corporation, Dover corporation, New Way
manufacturers, Amalgamations Repco Ltd, among others. The market players are
actively involved in the development of the technologically advanced composter
vehicles such that the transportation and the solid waste management cost can
be reduced. Since the government has acute responsibility in the sector, the
venturing capital and other financial sustenance is not an issue and supports
the further growth of the market in the upcoming five years.
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“Solid waste management vehicles with the technological advancements are
capable to automatically lift, and tip over the garbage containers to collect
the garbage. More advancements may include features like recycling of garbage
and separating the non-recyclable from the recyclable waste. Market players
must attenuate themselves with the government policies and governmental norms
for the future settlement of the market. Since the waste management companies
often have their own trucks and compost vehicles; solid waste management
vehicle manufactures must collaborate with the management companies and supply
the demands,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“United States Solid
Waste Management Vehicle Market By Vehicle Type (Auto Tipper or Hopper Tipper,
Garbage Compactor Truck, Dumper Placer, Earth Moving Equipment) By Region,
Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of United
States solid waste management vehicle market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in United States solid waste management vehicle market.
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