India Solid Waste Management Vehicles Market to be Dominated by West India until FY2026
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 FY2026
According to TechSci Research report, “India
Solid Waste Management Vehicles By Vehicle Type (Auto Tipper or Hopper
Tipper, Garbage Compactor Truck, Dumper Placer, Earth Moving Equipment), By
Region, Competition Forecast & Opportunities, FY2016 – FY2026”, India solid waste management vehicles market stood
at USD 88.49 Million in FY2020 and is projected to grow at a CAGR of 12.59%
through FY2026 to reach USD 141.42 Million during the forecast period.
Continuous rise in waste generation due to population expansion across cities
and increased public-private partnership between garbage truck manufacturer
& municipal corporation are the drivers for the increased demand of solid
waste management vehicles in the developing economy through FY2026.
In
order to increase consumer awareness, government of India has launched
programme including Swachh Bharat Mission and Clean India. Besides, government
has mandated regulations as part of the guidelines, municipal corporations need
to use solid waste management vehicles for waste collection, driving the growth
of the market until FY2026.
Multiple
government and non-profit organizations have come forward over the concerns
generated by increasing pollution due to non-availability of proper solid waste
management in the country. However, with the increasing environmental
awareness, people have started to dispose solid waste in a proper and
segregated manner which has resulted in increase in collection of solid waste,
thereby driving the market.
Browse 51
market data Tables and 44 Figures spread through 185 Pages and an in-depth
TOC on "India
Solid Waste Management Vehicles Market"
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Auto
tipper or hopper tipper dominated the India solid waste management vehicles
market in FY2020 with share of 88.49% as these auto tippers are preferred for
the collection of waste over their counterparts. Major companies operating in
the market include Antony Motors Pvt. Ltd., Hyva India Pvt. Ltd., TPS
Infrastructure Limited, Kam-Avida Enviro Engineers Pvt. Ltd., Commercial
Engineers & Body Builders Company Ltd., IPWT Engineering Pvt. Ltd., Kailash
Vahan Udyog Limited, Mahabull Infra Engineers Pvt. Ltd., Narmada Offshore &
Technical Services Pvt. Ltd., Durga Tractors Private Limited, Maniar &
Company and others.
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“In the present scenario, majority of solid
waste management vehicle suppliers carry out most of their business from nearby
municipal corporations. Only few suppliers such as Antony Motors and TPS have a
pan India presence. Solid waste management (SWM) vehicle suppliers should focus
on establishing joint ventures with regional vehicle body builders and
fabrication units in order to address the requirements of municipal
corporations located at distant locations, with no direct access to SWM vehicle
suppliers. Solid waste management vehicle suppliers can transfer their technology
to these vehicle body builders, while the body builders can supply solid waste
management vehicles to municipal corporations on demand.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Solid Waste
Management Vehicles By Vehicle Type (Auto Tipper or Hopper Tipper, Garbage
Compactor Truck, Dumper Placer, Earth Moving Equipment), By Region, Competition
Forecast & Opportunities, FY2016 – FY2026” 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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