Report ID: UCMIR20V2016
Report ID:
UCMIR20V2016 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
North America holds the second-largest market share in the global garbage truck bodies industry, and it is expected to experience a 5.0% compound annual growth rate (CAGR) during the forecast period. Projections indicate that the North American market for garbage truck bodies will expand from USD 1.19 billion in 2022 to USD 1.72 billion by 2030. To keep up with this growth, major players in the region are increasing their research and development investments to introduce cutting-edge technological advancements in waste management. For example, in February 2023, McNeilus Truck and Manufacturing announced plans to incorporate advanced manufacturing techniques to develop innovative solutions in the solid waste management sector, integrating connected solutions, electrification, and autonomy.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Trucking by segment aggregation, the contribution of the Trucking in Transportation and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: UCMIR20V2016