PRNewswire
Dublin, July 3, 2019
NEWS PROVIDED BY
Research and Markets
03 Jun, 2019, 16:15 ET
DUBLIN, June 3, 2019 /PRNewswire/ — The “Refuse Truck/Body Manufacturing in North America: Size, Shares, Segmentation, Competitors, Channels, Trends, and Outlook Underlying the Manufacture of Refuse Truck/Bodies in the USA and Canada. 2018 Analysis, 2019 – 2023 Outlook” report has been added to ResearchAndMarkets.com’s offering.
This report on refuse truck production in the USA and Canada aims at quantifying the market size and sub-segments for four types of refuse trucks/bodies front loaders, automated side loaders, manual side loaders/recyclers, and rear loaders.
Estimates of market sizing, key segmentation, demand factors, trends, and outlook have been included for each of the four refuse truck body types.
Refuse trucks are in strong demand, resulting from aging fleets, new emissions requirements, and pick up in core demand resulting from growing confidence of municipalities to enter into long-term waste management contracts.
Manufacturing activity ranges from regional one-product specialists to national brands that have most, if not the entire spectrum, of the identified product mix in their offerings. There is evidence of interest by larger companies in crossing over and adding to the product mix through acquisitions; such consolidations are expected to continue in this industry.
The product mix of refuse truck types in use is changing, with front loaders and automated side loaders growing in popularity. The increase in the versatility of the front loader truck with a can attachment has allowed its use in residential waste collection and has been a prime driver of this change.
The refuse truck/body business experienced healthy growth in 2018, with most manufacturers reporting improved sales. There was some impact on profitability because of higher material costs, particularly steel. Ownership of one leading manufacturer changed hands, demonstrating a strategic move towards offering a wide and comprehensive portfolio of products related to the waste and refuse hauling business.
The report provides a vista view of this vocational segment. Many smaller players at the local/regional level participate successfully in this activity but complicate the market size and competitive analysis picture, compared to the handful of national manufacturers.
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