Hence, a substantial increase in waste generation due to population growth will drive the market growth for garbage truck bodies. The amount of municipal solid waste generated annually globally is expected to grow to 3.4 million tons in 2050 from 2 million tons in 2016. Globally, around 0.7-0.8 kilograms of solid waste is generated by a person per day. 56% of the world’s population is inhabited in urban areas and this trend is expected to grow to more than double its current size by 2050. The world population is projected to grow from 7.9 billion in 2023 to 9.7 billion in 2050. Significant Growth in Waste Generation Driven by Urbanization and Population Growth Hence, garbage truck electrification is a positive market growth trend. GreenWaste plans to transition its whole residential garbage fleet to an electric vehicle within the next few years. This truck saves around 6,000 gallons of diesel and reduces emissions by 78 metric tons of CO2 equivalent annually. For instance, in 2019, GreenWaste, a waste service provider in California, incorporated a BYD-manufactured first-generation electric waste truck in their fleet. Electric garbage trucks are quieter, thereby reducing noise pollution as well. Many waste service providers and sanitation departments are testing electric garbage truck bodies or adding them to their fleets to reduce emissions. Growing Emphasis on Alternative Fuel and Vehicle Electrification to Augment Market Growth Request a Free sample to learn more about this report. Therefore, these factors will influence the global garbage truck bodies market growth in the coming years. The automated side loaders can increase efficiency by up to 75% than manual handling of waste collection operations. It provides a contactless solution for garbage collection and avoids a companion worker's need to collect the garbage and dump it in the truck. ASL minimizes drivers' contact with an infected person, thus improving safety. The importance of automated side-loading trucks has been growing since the COVID-19 impact. The lockdown disrupted the supply chain, mainly for raw materials from Asia such as steel rolls, paints, and machinery. In addition, the lockdown and economic crisis severely impacted the financials of truck body manufacturers. The sudden drop in industrial waste significantly affected the new orders of garbage truck bodies in China, the U.S., and Europe. Therefore, truck body manufacturers invest heavily in improving the truck body design and making it ready for automation. There is a stronger focus on automated garbage collectors to limit waste management workers' exposure to COVID-19 substantially. Therefore, discussions about improving worker safety were raised by various governments. The pandemic severely affected the front-line workers, including the cleaning staff. Reduced Industrial Waste amid COVID-19 Significantly Affected New Garbage Truck Orders These factors generate high demand for truck bodies to adhere to the rapidly evolving advanced technology and regulations within the waste management industry. Therefore, garbage waste collection methods are being modernized by integrating automated operations and smart vehicle software to improve the efficiency of waste collection in several countries. Rapid-paced industrialization, urbanization, and high population growth propel the global demand for modern waste management methods. As society grows, an underlying problem is the lack of efficient solid waste management. The systematic disposal and management of waste are critical to human and environmental well-being. Garbage truck bodies gather and transport waste to treatment facilities for recycling and landfilling. The market is projected to grow from USD 4.39 billion in 2023 to USD 6.30 billion by 2030, exhibiting a CAGR of 5.29% during the forecast period. The global garbage truck bodies market size was valued at USD 4.26 billion in 2022.
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