The
global Portable Toilet Rental
Market size
is expected to reach USD 24.70 billion by 2025 registering a CAGR of 7.30%,
according to a new report by Grand View Research, Inc. Rising concerns about
proper hygiene and sanitation in emerging region like Asia Pacific is the key
factor driving the market growth. Moreover, rise in the demand for
cost-effective and low-maintenance portable toilets on account of rapid
urbanization and expanding construction sector in Asia Pacific will boost
market growth.
In
addition, strict regulations and heavy investments by the governments across
the globe to provide proper sanitary units is fueling the demand for portable
toilets. Thus, increasing number of installations of portable toilets in public
areas, such as parks and streets, is likely to augment the market growth. Asia
Pacific is anticipated to be the largest as well as the fastest-growing
regional market over the forecast period. Led by Germany and France, Europe is
also estimated to witness a significant growth in future.
Major
companies in the market have undertaken several strategies, such as product
development, mergers and acquisitions, marketing campaigns, etc. to gain a
higher market share. For instance, Sanitech acquired Rent-A-Toilet’s Namibian
operations. Some of the prominent companies in the market include Sanitech;
Satellite Industries; ADCO International; B&B Portable Toilets; Camco
Manufacturing, Inc.; PolyJohn Enterprises Corp.; Shorelink International;
NuConcepts, and ARMAL, Inc.
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sample copy or view summary of this report@
https://www.grandviewresearch.com/industry-analysis/portable-toilet-rental-market
Further key
findings from the study suggest:
- The luxury portable toilets product
segment is projected to ascend at the fastest CAGR of 8.41% over the
forecast period
- The construction application is
estimated to be the largest segment accounting for a share of more than
55% by 2025
- Asia Pacific was the dominant regional
market in 2018 and is projected to expand further at the maximum growth
rate from 2019 to 2025
- The region’s growth can be attributed to
the increasing disposable income levels in emerging countries, such as
India, South Korea, and China
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
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Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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