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.
Full Research Report On Portable Toilet Rental Market Visit Here:
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
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https://www.grandviewresearch.com/industry-analysis/portable-toilet-rental-market/request/rs1
Grand View Research has
segmented the global portable toilet rental market on the basis of product,
application, and region:
Portable Toilet
Rental Product Outlook (Revenue, USD Billion, 2015 - 2025)
- Standard
- Luxury
Portable Toilet
Rental Application Outlook (Revenue, USD Billion, 2015 - 2025)
- Construction
- Special Events
- Recreational
- Commercial
Portable Toilet
Rental Regional Outlook (Revenue, USD Billion, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- Japan
- India
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
About Grand View Research
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, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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