The global sanitation vehicles market was valued at US$ 3,040.3 Million in 2017 and is expected to surpass US$ 5,144.3 Million by 2027, registering a CAGR of 5.4% during the forecast period (2019-2027), according to the Global Sanitation Vehicles Market Report, By Type (Garbage Collection Vehicles, Street Sanitation Vehicles, Street Sweeping Vehicles, Hybrid Vehicles, and Others), By End User (Municipal Corporations, Private Companies, Hospitals and Clinics, and Government Bodies), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa), published by Coherent Market Insights.
The unhealthy or polluted environments cause diseases such as cardiovascular disease and skin cancer. According to the press release of World Health Organization in March 2017, around 12.6 million people die every year due to working or living in an unhealthy or polluted environment. To prevent the diseases caused by unhealthy environments, the municipal corporations and government bodies are focusing on proper disposal methods of waste. The sanitation vehicle such as garbage trucks are used to collect the waste.
Furthermore, the waste produced by the public and private companies across the globe is expected to increase at a significant rate during the forecast period. According to the World Bank data in April 2018, the waste produced in 2016 was 2.01 billion tons and is expected to reach 3.04 tons by the year 2050. As wastes generated across the globe is increasing, the demand for sanitation vehicles such as garbage collection trucks is expected to increase during the forecast period. Owing to the above mentioned factors, the market is expected to witness significant growth during the forecast period.
Sanitation Vehicles Market - Impact of Coronavirus (Covid-19) Pandemic
The COVID-19 is a contagious disease, which can be spread through COVID-19 droplets. The COVID-19 droplets remain on surfaces for couple of days. If these droplets come in contact with an individual, then the individual gets infected. To prevent the spread of COVID-19, sanitation vehicles are required. Many government bodies across the globe are deploying sanitation vehicles to disinfect the streets and public areas. For instance, in March 2020, City Council of Tehran deployed a number of sanitation vehicles to spread the disinfectants.
To know the latest trends and insights prevalent in this market, click the link below:
Browse 150 market data tables* and 90 figures* on “Global Sanitation Vehicles Market- Global forecast to 2027”
Key Trends and Analysis of the Global Sanitation Vehicles Market: