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Garbage Truck Market Forecast: Value Set To Climb From $18.43 Billion To $24.55 Billion
The garbage truck market size has grown strongly in recent years. It will grow from $17.38 billion in 2025 to $18.43 billion in 2026 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to urban population growth, expansion of municipal waste services, rising sanitation standards, growth of industrial waste generation, public health regulations.
The garbage truck market size is expected to see strong growth in the next few years. It will grow to $24.55 billion in 2030 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to smart city initiatives, electrification of municipal fleets, stricter emission regulations, automation in waste collection, growth of recycling programs. Major trends in the forecast period include increasing deployment of automated collection systems, rising adoption of electric and hybrid garbage trucks, growing demand for high capacity waste compaction, expansion of smart fleet monitoring solutions, focus on hygienic and efficient waste handling.
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Garbage Truck Market Demand Drivers Opening New Revenue Streams
The rising need for waste management is expected to propel the growth of the garbage truck market going forward. Waste management is the process of gathering, handling, getting rid of, and managing waste products effectively and responsibly. Garbage trucks are helpful for waste management to collect and transport solid garbage from homes, businesses, and industrial areas to facilities for proper disposal or treatment. For instance, in 2024, according to a report published by the United Nations Environment Programme (UNEP), a Kenya-based environmental authority in the United Nations system, municipal solid waste generation is projected to increase from 2.1 billion tonnes in 2023 to 3.8 billion tonnes by 2050. Therefore, the rising need for waste management is driving the growth of the garbage truck market.
Garbage Truck Market Segments: Where Is Growth Concentrated?
The garbage truck market covered in this report is segmented –
1) By Type: Front Loaders, Rear Loaders, Side Loaders
2) By Technology: Manual, Automatic, Semi-Automatic
3) By Fuel Type: Gasoline, Diesel, Electric
4) By End User: Industrial Corporations, Municipal Authorities
Subsegments:
1) By Front Loaders: Commercial Front Loaders, Residential Front Loaders
2) By Rear Loaders: Standard Rear Loaders, Automated Rear Loaders
3) By Side Loaders: Automated Side Loaders, Manual Side Loaders
Garbage Truck Market Trends Redefining Industry Growth
Major companies operating in the garbage truck market are focused on developing innovative solutions such as electric trash trucks to reduce carbon emissions, improve fuel efficiency, and support environmentally sustainable waste management practices. A hydrogen fuel cell-powered refuse truck is a waste collection vehicle that uses hydrogen fuel cells as its primary power source. For instance, in May 2024, Hyzon Motors, a US-based hydrogen fuel cell technology company, and New Way Trucks, a manufacturer of refuse collection vehicles, launched North America’s first hydrogen fuel cell-powered refuse truck at the Waste Expo in Las Vegas. This innovative vehicle, developed through their joint partnership, aims to provide a zero-emission solution for the waste collection industry. It can operate over 125 miles and perform up to 1,200 cart lifts, demonstrating its efficiency for heavy-duty tasks. Recology, a California waste management company, will be the first to test this technology on its routes. This collaboration highlights both companies’ commitment to advancing sustainable waste management solutions and reducing emissions in the sector.
Garbage Truck Market Key Participants And Competitive Landscape
Major companies operating in the garbage truck market report include Tata Ltd., Mack Trucks Inc., Bucher Municipal, FAUN Zoeller, Dennis Eagle Ltd., McNeilus Companies Inc., Heil Environmental Industries Ltd., Labrie Enviroquip Group, Peterbilt, Curbtender Inc., EZ Pack Refuse Hauling Solutions, Haul-All Equipment Ltd., Bridgeport Manufacturing Inc., Volvo Group, Jesco Industries Inc., Cardinal Carryor, Superior Pak Pty Ltd., New Way Trucks, Papas Waste Equipment International Pty Ltd., Russ Engineering Pty Ltd., Amrep Inc., Meyer Material Handling Products Inc., Warren Truck and Trailer LLC
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Garbage Truck Market Top Region By Revenue And Market Share
North America was the largest region in the garbage truck market in 2025. The regions covered in the garbage truck market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
