REFUSE TRUCK/BODY BUSINESS EXPERIENCED HEALTHY GROWTH IN 2018 DESPITE IMPACT OF HIGHER MATERIAL COSTS
Modesto, Calif., May 24, 2019 — A new market research report by SpecialtyResearch.net examines the manufacture of refuse truck bodies in the United States and Canada.
The report, titled Refuse Truck/Body Manufacturing in North America, examines four key types of refuse truck bodies: front loaders, automated side loaders, manual side loaders/recyclers and rear loaders.
Nearly 11,000 refuse truck body units were manufactured by 21 US and Canadian companies in 2018, for a combined annual output of $1.02 billion.
Refuse trucks are in strong demand, resulting from aging fleets, new emissions requirements, and an increase in core demand resulting from growing confidence. Growth in waste generation and higher municipal tax collections are expected to drive growth in 2019.
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.
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.
Refuse Truck/Body Manufacturing in North America is part of series of over 30 reports on individual segments of the trailer and vocational truck manufacturing activity in North America available from SpecialtyResearch.net.
Based in California, SpecialtyResearch,net has been in business for over 30 years as a provider of consultancy and business development services to executives in the transportation industry.
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