Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 14,819 Million | USD 26,111 Million | 7.41% | 2021 |
FrequentlyAsked Questions
The global garbage trucks market is projected to grow owing to the rampant modernization and urbanization of regions across the globe. As every economy strives to provide the regional population with a better standard of living along with efforts to upgrade infrastructure since it is an important measure of economic growth, more investments can be expected in favor of units or structures that form essential components of a modernized locality.
According to study, the global garbage trucks market size was worth around USD 14,819 million in 2021 and is predicted to grow to around USD 26,111 million by 2028 with a compound annual growth rate (CAGR) of roughly 7.41% between 2022 and 2028.
The global garbage trucks market is projected to witness surging growth in North America owing to the highly advanced infrastructure of countries like the US and Canada that spend heavily on developing garbage and waste disposal systems. The local authorities are well-funded to invest in all types of garbage trucks.
The global garbage trucks market is dominated by New Way, Heil Co., Bridgeport Truck Manufacturing, Curbtender, McNeilus, Labrie, Kirchhoff Group, Haul-All Equipment, EZ Pack, and others.
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