Market Overview

The global Waste Collection Equipment market was valued at USD 46.45 billion in 2022 and expected to grow at a CAGR of 4.1% during the forecast period. Waste collection equipment refers to machinery and tools used to collect and dispose of waste materials. This equipment is commonly used in municipal, industrial, commercial, and residential settings. Waste collection equipment can be manual or automated, and it can range from small, handheld tools to large trucks and compactors.

Some common types of waste collection equipment include:

Garbage trucks: These are large vehicles used to collect and transport waste from residential and commercial areas to waste treatment and disposal facilities. Garbage trucks come in various sizes and types, including rear loaders, front loaders, and side loaders.

Compactors: These machines compress waste materials, reducing the amount of space required for storage and transportation. Compactors are commonly used in industrial and commercial settings to manage large volumes of waste.

Balers: These machines compress recyclable materials, such as cardboard, paper, and plastics, into compact bales that can be easily transported and processed for recycling.

Grapple trucks: These trucks are equipped with large claws or grapples that can pick up and move large, heavy waste materials, such as debris from construction sites.

Vacuum trucks: These trucks are designed to suck up and transport liquid and semi-liquid waste materials, such as sewage and industrial waste.

Handheld tools: These include items such as shovels, rakes, brooms, and dustpans, which are used to collect and transport small amounts of waste materials.

Recycling bins: These are containers used to collect recyclable materials, such as plastics, paper, and aluminum cans, for processing and reuse.

The choice of waste collection equipment depends on the specific needs and requirements of the user. Factors such as the volume and type of waste materials, the location and environment, and the budget will all impact the selection of equipment. Proper waste collection equipment is essential for efficient and effective waste management, which is critical for protecting public health and the environment.

The waste collection equipment market is expected to grow in the coming years due to the increasing need for efficient and sustainable waste management solutions. The market is driven by factors such as the growing urban population, rising levels of industrialization and commercialization, and increasing environmental regulations.

The global waste collection equipment market is segmented based on type, application, and region. By type, the market is segmented into garbage trucks, compactors, balers, grapple trucks, vacuum trucks, and handheld tools. By application, the market is segmented into municipal, industrial, and commercial.

The municipal segment is expected to dominate the market due to the increasing demand for waste collection equipment in urban areas. The industrial segment is also expected to grow significantly, driven by the increasing levels of industrialization and the need for efficient waste management solutions in industrial facilities.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Asia-Pacific is expected to dominate the market, driven by the increasing urbanization and industrialization in the region, as well as the growing emphasis on environmental regulations and sustainable waste management practices.

The key players in the waste collection equipment market include Caterpillar Inc., CNH Industrial N.V., Doosan Corporation, Hitachi, Ltd., Liebherr Group, Komatsu Ltd., and Volvo Group.

Overall, the waste collection equipment market is expected to grow in the coming years, driven by the increasing need for sustainable waste management solutions in response to the growing urban population and the rising levels of industrialization and commercialization.

Report Scope

Impact of COVID

The COVID-19 pandemic has had a mixed impact on the waste collection equipment market. On one hand, the increased focus on hygiene and cleanliness has led to a surge in demand for waste collection and disposal services in residential areas, hospitals, and other healthcare facilities. This has driven the demand for waste collection equipment such as garbage trucks, compactors, and vacuum trucks.

On the other hand, the pandemic has caused disruptions in global supply chains, leading to shortages of raw materials and components used in the manufacturing of waste collection equipment. The restrictions on movement and business activities have also led to delays in equipment deliveries and installations, affecting the market's growth.

The pandemic has also led to changes in waste generation patterns, with an increase in household waste due to the rise in remote work and reduced commercial activity. This has led to the need for more specialized waste collection equipment to handle the increase in residential waste.

In the long term, the COVID-19 pandemic is expected to accelerate the shift towards more sustainable waste management practices, including the adoption of automated and remote waste collection equipment. This trend is driven by the need for contactless waste management solutions to reduce the risk of virus transmission.

Overall, the impact of COVID-19 on the waste collection equipment market is mixed, with both positive and negative effects. The market is expected to recover in the post-pandemic period, driven by the increasing need for sustainable waste management solutions and the adoption of advanced technologies.

Type Insights

Garbage Trucks: Garbage trucks hold the largest share of the waste collection equipment market, driven by the increasing demand for efficient waste collection and disposal solutions. The market for garbage trucks is expected to hold a share of around 45%, driven by the increasing focus on sustainable waste management practices.

Waste Collection Containers: Waste collection containers are another major segment of the waste collection equipment market, driven by the increasing demand for specialized containers for different types of waste. The market for waste collection containers is expected to hold a share of around 35%, driven by the increasing demand for containers in residential and commercial areas.

Trailers: Trailers are a small but growing segment of the waste collection equipment market, driven by the increasing demand for mobile waste collection and disposal solutions. The market for trailers is expected to hold a share of around 10%, driven by the increasing adoption of specialized trailers for different types of waste.

Vehicle Retrofits: Vehicle retrofits are a niche segment of the waste collection equipment market, driven by the increasing demand for retrofit solutions that can improve the efficiency and performance of existing waste collection vehicles. The market for vehicle retrofits is expected to hold a share of around 5%, driven by the increasing adoption of advanced technologies such as automation and remote monitoring.

Overall, the waste collection equipment market is expected to grow in all segments, driven by the increasing need for sustainable waste management solutions and the adoption of advanced technologies.

End-user Insights

The household segment holds a significant share of the waste collection equipment market, driven by the increasing demand for residential waste collection and disposal solutions. The market for household waste collection equipment is expected to hold a share of around 40%, driven by the increasing awareness of sustainable waste management practices and the need for efficient waste disposal solutions.

The waste management industry is another major segment of the waste collection equipment market, driven by the increasing demand for specialized equipment for waste collection and disposal. The market for waste management industry equipment is expected to hold a share of around 45%, driven by the increasing need for efficient and sustainable waste management solutions.

The public services segment is a small but growing segment of the waste collection equipment market, driven by the increasing demand for waste collection and disposal solutions in public areas such as parks, streets, and public buildings. The market for public services waste collection equipment is expected to hold a share of around 15%, driven by the increasing focus on sustainable waste management practices in public areas.

Regional Insights

North America: North America holds a significant share of the waste collection equipment market, driven by the increasing focus on environmental regulations and sustainability initiatives in the region. The market is dominated by the United States and Canada, with a combined share of around 75%.

Europe: Europe is another major market for waste collection equipment, driven by the stringent environmental regulations and sustainability targets set by the European Union. The market is dominated by countries such as Germany, France, and the UK, with a combined share of around 50%.

Asia-Pacific: The Asia-Pacific region is expected to be the fastest-growing market for waste collection equipment, driven by the increasing levels of urbanization and industrialization in countries such as China, India, and Japan. The region is expected to witness significant growth opportunities in the coming years, with a projected market share of over 30% by 2025.

Latin America: Latin America is a small but growing market for waste collection equipment, driven by the increasing focus on sustainable waste management practices and environmental conservation in the region. The market is dominated by countries such as Brazil and Mexico, with a combined share of around 70%.

Middle East and Africa: The Middle East and Africa region is a relatively small market for waste collection equipment, with limited growth opportunities. The market is dominated by countries such as South Africa and the United Arab Emirates, with a combined share of around 40%.

Competitive Analysis

Some of the major companies operating within the market are Wastequip, LLC, HEIL, Meissner Filtration Products, Inc., Geesinknorba., Volvo, Dennis Eagle, Iveco, Dulevo International, Busch Systems, SSI SCH?FER, GRECO-ECOLOGY, Weber GmbH & Co, Paul Craemer GmbH, NORD ENGINEERING SRL, and Lubetech. These players are focusing on product innovation, expansion, and partnerships to strengthen their market position and meet the growing demand for Waste Collection Equipment globally.

Recent News

·         In Jan 2023, LRS, among the nation's leading independent waste, recycling and portable services providers, has acquired Michigan-based Michiana Recycling & Disposal and Modern Waste Systems. Strategic and expansive, these integrated platform acquisitions bring three state-of-the- art waste and recycling transfer facilities along with dense collections base across 100,000 residential, 9,000 commercials and 25 municipal-based customers covering the greater Michigan and Indiana region.

Why to buy this Report?

The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

§  Business Model

§  Production Capacity, Revenue, Sales, Gross Margin

§  Key Business Strategy

§  SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:

§  Company Share Analysis from 2018-2022

§  Company Analysis by Revenue and Sales

§  Company Production Capacity, Gross Margin

§  Company Share Analysis by Application/End Use

§  Company Share Analysis by Product/Specification

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