Sanitation Vehicles Market, By Type (Garbage Collection Vehicles, Street Sanitation Vehicles, Street Sweeping Vehicles, Hybrid Vehicles, and Others), By End User (Municipal Corporations, Private Companies, Hospitals and Clinics, and Government Bodies), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published In : Jul 2020

Code : CMI4014

Pages :130

Formats :

Excel and PDF

Industry : Automotive and Transportation

Sanitation Vehicles MarketSize and Trends

The global sanitation vehicle market is expected to witness significant growth during the forecast period (2020–2027). The growth of the sanitation vehicle market is majorly attributed to disposal of wastes generated by various hospitals and clinics. Hospital wastes include used syringes, needles, used swabs, plasters, and bandages. The hospital wastes contain infection materials that needs to be taken care of immediately. Specially designed sanitation vehicles are required to collect hospital wastes.

Asia Pacific region is expected to exhibit highest growth during the forecast period. This is owing to the initiatives taken by various governments. For instance, the Government of India launched ‘Swatch Bharat Abhiyan’, a country wide campaign for the period 2014 to 2019, to improve solid waste management in the rural and urban areas of India. Owing to the above mentioned factors, the sanitation vehicle market is expected to witness significant growth during the forecast period.

Statistics:

North America held dominant position in the global sanitation vehicle market in 2019, accounting for 33.4% share in terms of value, followed by Europe and Asia Pacific.

Figure 1: Global Sanitation Vehicle Market Share (%), By Region, 2019

North America held dominant position in the global sanitation vehicle market in 2019 and is projected to retain its dominance throughout the forecast period, owing to increasing need for sanitation vehicles in the North America region.

According to the World Bank data, the waste produced in the North America region in 2016 was 289 million tons. The amount of waste generation is expected to increase over the forecast period. As the amount of waste is increasing day by day, the need for sanitation vehicles such as garbage trucks is also expected to increasing significantly during the forecast period.

Figure 2: Global Sanitation Vehicle Market Value (US$ Mn), 2017 - 2027

The global sanitation vehicle market was valued at US$ 3,377.5 Mn in 2019 and is expected to reach US$ 5,544.3 Mn by 2027 at a CAGR of 5.4% between 2020 and 2027.