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:
The electric garbage van market is experiencing rapid growth worldwide, driven by stringent anti-pollution regulations and a growing commitment to sustainability. North America leads the market, propelled by initiatives such as Los Angeles' plan to transition its sanitation fleet to electric power by 2035. In Europe, countries like the UK and Germany are making strides, aiming for a zero-emission vehicle fleet by 2050. Meanwhile, the Asia-Pacific region, led by India and China, is poised for significant expansion, supported by coordinated government policies and increasing environmental awareness.
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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