Home Press Releases Lavatory Service Vehicles Market Size Worth $107.5 Million By 2027 | CAGR: 5.5%

Lavatory Service Vehicles Market Size Worth $107.5 Million By 2027 | CAGR: 5.5% |

The global lavatory service vehicles market size is expected to reach USD 107.5 million by 2027 according to a new study by Polaris Market Research. The report “Lavatory Service Vehicles Market Share, Size, Trends, Industry Analysis Report, By Vehicle Type (Trucks and Carts), By Capacity (<50 gallons, 50-100 gallons, 101-200 gallons, and >200 gallons), By Application (Commercial, and Defense); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The lavatory service vehicle are the essential requirements of the aviation industry, they provide cleaning of lavatory waste and refilling of the tank with disinfectant in aircraft. The manufacturers continuously focus on product innovations so as to supply advanced products in the market. The lavatory service vehicle manufacturers are also focusing on using alternate fuel in place of gasoline, which is expected to increase the efficiency and reduce emission and the operational cost.

 

Owing to the significant increase in air travel demand globally and requirement of more aircrafts to carry passengers requiring, more ground support equipment will be witnessed, and is expected that the global aircraft ground support equipment market will grow at a healthy rate over the forecast period. Rising air traffic with increasing revenue passenger per kilometer is also fueling the growth of the market, primarily in Asia Pacific and Middle East region. Moreover, growing and shifting focus of airline companies and airport authorities towards renting is anticipated to fuel the global market. The overall growth in ground service equipment is expected to boost the growth of the concerned market.

 

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The announcement of mega-hub projects such as Beijing Daxing International Airport, Hong Kong International Airport, Changi’s East extension and Al Maktoum International Airport in MEA during the next decade is anticipated to be the most attractive region in terms of infrastructure spending.

 

The growing demand for more aircrafts to sufficiently handle the growing passenger traffic, different approaches have been taken into consideration which involves construction of large number of optimally sized airports that will directly impact the sales of lavatory service vehicle. Providing airport accessibility to a larger percentage of population, improving traveling quality, delivering redundancy during unplanned incidents, and delivering cost effective & efficient airport infrastructure are the four pillars behind this approach.

 

Lavatory service vehicles are costly devices owing to rapid working operation. These vehicles have to endure long working hours, require more accuracy without compromising on performance and are needed built with precision leading to an increase in its selling price. Hence, these are capital intensive and require highly qualified personnel, such as dedicated professional, to perform the operation in a safe and controlled manner. Hence, this factor can dent the growth of the airport services market in many small countries.

 

Market participants in the global market include Aero Specialties, Inc., TLD Group, TBD Owen Holland Ltd, Vestergaard Co Holding A/S, Lift-A-Loft Engineered Aerial Solutions, ACCESSAIR Systems, Inc., Charlatte of America Inc., Alberth Aviation Ltd., Weihai Guangtai Airport Equipment Co., Ltd., and Mallaghan Engineering Limited among others.

 

Polaris Market research has segmented the lavatory service vehicles market report on the basis of vehicle type, capacity, application, and region

Lavatory Service Vehicles, Vehicle Type Outlook (Revenue – USD Million, 2016 – 2027)

  • Trucks
  • Carts

Lavatory Service Vehicles, Capacity Outlook (Revenue – USD Million, 2016 – 2027)

  • <50 gallons
  • 50-100 gallons
  • 101-200 gallons
  • >200 gallons)

Lavatory Service Vehicles Application Outlook (Revenue – USD Million, 2016 – 2027)

  • Commercial
  • Defense

Lavatory Service Vehicles Regional Outlook (Revenue – USD Million, 2016 – 2027)

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Spain
    • Netherlands
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • South Korea
    • Indonesia
  • Central & South America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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