The global Portable Toilet Rental Market size is anticipated to reach USD 28.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.6% from 2021 to 2028. Increasing infrastructural development, particularly in regions like Asia Pacific, is expanding the scope of the market. The construction of an 850km-long-road in Indonesia including new sections of the Trans-Sumatran highway, major road and rail projects underway in Melbourne, Perth, and Sydney in Australia, and an investment of USD 109 billion on roads and highways in India by 2023 are some of the major infrastructural projects that are underway. All of these projects are fueling the need for portable toilet rental services.
The increasing number of residential, hotel and social
infrastructural projects is also propelling the demand for portable toilets.
The application of green materials to sustainable buildings has become a common
consideration in modern housing designs as well as construction techniques
because of their environmental benefits and a significant return on investment
for homeowners. Rental service providers offer a variety of options catering to
the different needs and requirements of customers. For instance, event
organizers may choose portable toilets that provide facilities similar to an
indoor restroom. Based on the type of events, deluxe models that offer more
room than the standard ones are being preferred. Renting services comprising
cleaning and drainage facilities and pickup and delivery services are widely
preferred by customers.
In order to meet the increasing demand for portable
toilets rentals, companies are expanding their manufacturing facilities to
boost production. For instance, in March 2019, Satellite Industries announced
the opening of a new PolyPortables Distribution Center in Oregon, U.S. The
company planned to expand its Portland, Oregon Regional Service Center with
30,000 sq. ft. of inside storage and 45,000 sq. ft of outside storage, making
the new facility seven times larger than the current location.
Moreover, companies are continuously working to make
their portable toilet units more convenient and user-friendly so that they can
be used at several locations and for various purposes. These factors present
the portable toilet rental services market with immense scope for growth.
Increasing innovation and new product development by companies with respect to
features, functionality, and raw material have piqued the interest of consumers
for these products. For instance, the development of SL2 toilets across the
globe has resulted in the rapid adoption of these products by various
manufacturers such as Shorelink. These toilets have proven to be durable with
fewer replacement needs, resulting in greater product popularity among rental
companies.
Related Press Release@ Portable Toilet Rental Market Report
Portable Toilet Rental Market
Report Highlights
- The construction segment accounted for the largest revenue share of
59.1% in 2020 and is expected to expand at a CAGR of 6.2% from 2021 to
2028
- The standard portable toilet segment accounted for the largest
revenue share of 70.9% in 2020 and is estimated to ascend with a CAGR of
6.2% over the forecast period
- Asia Pacific dominated the market and accounted for the largest
revenue share of 44.1% in 2020
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.
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