The report gives an analysis of the significant factors pushing segment growth throughout the forecast period. The expansion is propelled by the increasing focus of market participants on the reduction of carbon emissions. The Europe market is estimated to register considerable upsurge throughout the study period. The surge is due to the growing implementation of various initiatives and strategies for waste collection. The Asia Pacific garbage truck bodies market share is expected to record notable growth over the estimated period. Request a Sample Copy of the Research Report:Īsia Pacific to Register Substantial Growth Impelled by Rising Implementation of Various Strategies However, the industry expansion could be affected by the low rates of waste collection in low-income and lower-middle income countries. The industry expansion is further driven by an upsurge in population growth. One of the key aspects augmenting the garbage truck bodies market growth comprise an increase in waste generation and rise in urbanization in the region. Surge in Market Value Driven by Urbanization and Rising Waste Generation Fortune Business Insights™ cites this information in its research report “Garbage Truck Bodies Market, 2023-2030”.
The surge is due to rapid urbanization, fast-paced industrialization, and high population growth in the region. The market is anticipated to expand from USD 4.39 billion in 2023 to USD 6.30 billion by 2030, exhibiting a CAGR of 5.29% over the forecast period.
Pune, India., J(GLOBE NEWSWIRE) - The global garbage truck bodies market size was USD 4.26 billion in 2022. Garbage Truck Bodies Market to Reach USD 6.30 Billion in 2030 McNeilus Truck and Manufacturing Announced Usage of Integrated Manufacturing to Strengthen Industry Position
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