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Collection Vehicle Market by Type (Garbage Collection Vehicles, Street Sanitation vehicles, Street Sweeping Vehicles, Hybrid Vehicles and Others), End-user (Municipal Corporations, Private Companies, Hospitals and Clinics, and Government Bodie), Technology (Manual, and Semi-Automatic): Global Opportunity Analysis and Industry Forecast, 2021–2027

A10117
Pages: NA
Jan 2021 | 53 Views
 
Author(s) : NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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A collection vehicle, also known as a waste collection vehicle or refuse collection vehicle, is specially designed to collect residential and non-residential garbage such as from localities, societies, streets, and roads. The collection vehicles are specially designed to collect municipal waste for depositing the waste at the recycling or waste treatment/management plant. These vehicles are generally used in suburban and urban areas. The collection vehicles have compartments to collect waste, and the compartment can be situated either back or at the in front of the vehicle. The waste is loaded onto the vehicles by different loading mechanisms such as top loading and front loading. The waste or garbage collection vehicles vary in size according to the need of the service. 

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, End-user, and Technology

  Geographies covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

  Companies covered

Mack, Daimler AG, Husmann Umwelt-Technik GmbH, Terberg Matec UK Ltd., Legras Industries, Nantong Mingnuo Electric Technology Co. Ltd, Xiagong Chusheng (Hubei) Special-Purpose Vehicle Co. LTD, Curbtender Sweepers LLC, E-Z Pack, and FAUN Umwelttechnik GmbH & Co. KG.

 

COVID-19 scenario analysis:

  • The global automobile sector has faced the most challenges while the COVID-19 pandemic as their production houses are shut, their inventories are overflowing and the demand is vanished out of the market.
  • The main concern of the manufacturers while this pandemic is about, how they are going to create the demand when the lockdown is over, as per experts it may take a long while for companies to get back on track.
  •  
  • The virus has forced manufacturers to rethink their business model and to change their operation styles all across the globe.
  • The major dependency of global economies is on the automobile sector which has now been affected and it will lead to the economic slowdown in many countries or recession periods for many developing countries.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis 

Some of the factors that boost the market growth include growing industrialization, increasing proper waste disposal facilities, growing awareness regarding environment safety, and growing government initiatives to educate people about waste management & recycling. However, technological enhancements have improved the collection process as well as the segregation of wet and dry waste, which is very important for recycling it which is anticipated to hamper the growth of the market. Furthermore, governments across the globe are taking initiatives to educate people about waste management and recycling are expected to offer lucrative opportunities for the market in the forecasting period.

The collection of vehicle market trends are as follows:

Increase in proper waste disposal facilities 

To boost economic development and social innovation, federal officials have increased their investment in artificial intelligence and data analytics. Higher investment is likely to pay for itself many times over in economic and social benefits in coming times, new innovation and technological advancement will boost the economies and such investments by various governments is expected to boost the market growth.

Growth in government initiatives to educate people about waste management & recycling 

Artificial Intelligence (AI) is a key technology for autonomous driving systems, as it is the only technology that enables reliable and real-time recognition of objects around the vehicle. Currently, there are several investments specifically for the optimization of the self-driving technology, by major vehicle original equipment manufacturers (OEM). The implementation of safety features such as adaptive cruise control (ACC), advanced driver assistance system (ADAS), collision warning, and lane-keep assist is also facilitating the growth of artificial intelligence in the collection vehicle market.

Key segments covered:               

Segments

Sub-segments

  Type

  • Garbage Collection Vehicles
  • Street Sanitation vehicles
  • Street Sweeping Vehicles
  • Hybrid Vehicles and
  • Others.

  End-User

  • Municipal Corporations
  • Private Companies
  • Hospitals and Clinics
  • Government Bodie

  Technology

  • Manual
  • Semi-Automatic

 

Key benefits of the report:

  • This study presents the analytical depiction of the collection vehicle market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the collection vehicle market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the collection vehicle market scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed collection of vehicle market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the collection vehicle market research report:

  • What are the leading market players active in the collection vehicle market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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