The global electric garbage van market size is worth US$ 741.3 Million as of now and is expected to reach US$ 2,630.1 Million by the year 2033 at a robust CAGR of 13.5% between 2023 and 2033.
The present-day scenario is such that the end-consumers are turning out to be extra-conscious regarding environment-friendly measures. As such, the governments are also propagating promotion of the electric vehicles. Emission-free vehicles are being tabled. This factor is expected to keep the cash registers ringing for electric garbage market going forward.
Plus, the fact that global garbage would witness 70% increase in the global garbage by the year 2050 is prompting manufacturers to increase production of electric garbage vans. Also, prices of batteries are decreasing coupled with high-performance electric vans being developed.
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It has been observed that electric garbage tippers are in greater demand as compared to battery operated electric garbage vans. Commercial electric garbage vans are preferred over industrial electric garbage vans, especially in the post-pandemic era.
At the same time, there is a dearth of sufficient infrastructure to charge and maintain electric garbage vehicles. This factor is expected to restrain the electric garbage van market. Besides, electric garbage vehicles’ short range and limited capacity are there to add to the hindrances.
Key Takeaways from the Electric Garbage Van Market Report:
- North America holds the largest market share with the US being subject to strict anti-pollution laws getting enacted. As such, more number of city administrations are focusing on the usage of electric garbage vans in fleets. For instance – Los Angeles sanitation service has shown commitment toward conversion of garbage collection vans to the battery power by the year 2035. On the similar grounds, the New York City Sanitation Department does plan having a fleet of 100% electric garbage vans by the year 2040.
- Europe holds the second-largest market share with the UK and Germany leading from the front. Also, there is a strong production base available for every kind of automotive product. New models are also being floored herein. The government of the UK has actually pledged to turn all vans and cars into zero-emission vehicles by the year 2050.
- The Asia-Pacific is expected to grow at the fastest rate in the electric garbage van market going forward with India and China dominating. Plus, it has been reported that in China there is a well coordinated policy creation as well as execution with regards to material and waste resources. Australia and Japan are expected to pick up pace herein. India is also expected to handsomely contribute to the growth of electric garbage van market with the government passing stern emission rules in this regard.
Competitive Landscape:
The key participants in electric garbage van market include Prestantia, Ceeon India, Jessun Techno Pvt. Ltd., Heil Co., Kirchhoff Group, McNeilus, Bridge Truck Manufacturing, Hauli-All Equipment, Curbtender, and likewise.
The players mentioned above are engaging into various modes of expansion inclusive of new product launch, mergers, acquisitions, partnerships, joint ventures, and likewise to strengthen their position in the electric garbage van market going forward.
GreenWaste, in the year 2019, did add first-generation electric garbage van (from BYD) to the fleet. It has been found that usage of this vehicle every year does save 78 metric tons of carbon dioxide close to 6K gallons of fuel.
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Electric Garbage Van Market Segmentation:
By Product Type:
- Garbage Tipper
- Garbage Cycle eRikshaw
- Battery Electric Van
- Others
By Loading Capacity:
- Less than 500 Kg
- 500 to 800 Kg
- More than 800 Kg
By End User:
- Commercial Garbage Van
- Industrial Garbage Van
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and Pacific
- Middle East and Africa (MEA)
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