Solid Waste Management Vehicles Market in India to Grow at ~ 10% until 2022: TechSci Research

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India Solid Waste Management Vehicles Market

Increasing government expenditure coupled with large-scale projects such as Swachh Bharat Mission and Smart City program to drive India solid waste management vehicles market through 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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"India Solid Waste Management Vehicles Market"

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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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India Solid Waste Management Vehicles Market

Submitted 4 years 8 months ago by techsci research.
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