Solid Waste Management Vehicles Market in India to Grow at ~ 10% until 2022
According to TechSci Research report, “India Solid Waste Management Vehicles Market
By Vehicle Type, Competition Forecast & Opportunities, 2012 – 2022”, solid waste management vehicles market in India
is forecast to grow at a CAGR of nearly 10% during 2017-2022.
Growing demand for solid waste management vehicles from different Indian municipal
corporations in order to manage the huge amount of solid waste generated in the
country is expected to be the major driver behind the growth of the solid waste
management vehicles market in India through 2022. Rising population, growing
environmental awareness and increasing focus on GPS enabled and compaction
technology incorporated vehicles are some of the other factors anticipated to
boost demand for solid waste management vehicles in India during forecast
period.
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Backed by various
features such as ease of movement even in narrow streets and lower cost
compared to other vehicles, auto tipper segment dominated India solid waste
management vehicles market in 2016, and the vehicle segment is expected to
maintain its market dominance during the forecast period as well. Growing
partnerships between municipalities and private companies such as Antony Waste
Handling Pvt. Ltd., MSV International Inc., IL&FS Environmental
Infrastructure & Services Ltd., etc., is
expected to positively influence India solid waste
management vehicles market in the coming years.
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“With increasing government expenditure on solid
waste management, the solid waste management vehicles industry in India is
anticipated to attract huge investments from various private and government
institutions in the future. On account of these investments coupled with government
initiatives like Swachh Bharat Mission and government laws and regulations for
gathering solid waste through proper vehicles, demand for solid waste
management vehicles is expected to increase during forecast period”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Solid Waste
Management Vehicles Market By Vehicle Type, Competition Forecast &
Opportunities, 2012 – 2022” has
analyzed the potential of solid waste management vehicles market, and provides
statistics and information on market size, shares and trends. The report will
suffice in providing the intending clients with cutting-edge market
intelligence and help them in taking sound investment decisions. Besides, the
report also identifies and analyzes emerging trends along with essential
drivers and key challenges faced by the industry.
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