India Solid Waste Management Vehicles Market, 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. Growth in the market is anticipated on account of growing demand for the management of solid waste generated in the country. Moreover, rising awareness and government initiatives such as Swachh Bharat Mission are elevating the consumer awareness for clean environment, which is expected to play a pivotal role in the growth of the market.
India is the second most populous country and over 1,52,076 tons of waste is generated in a day. n India, municipalities are the governing bodies that handle and regulate solid waste management in a particular city. Municipal corporations are involved in the entire process of solid waste collection, transportation and disposal. Municipalities collect solid waste through primary and secondary collection process. Majority share of solid waste generated across cities is through households.
India solid waste management vehicles market can be segregated based on vehicle type and region.In terms of vehicle type, market can be segregated based on auto tipper or hopper tipper, garbage compactor truck, dumper placer, earth moving equipment.
Among these, auto tipper or hopper tipper led the market in FY2020 with share of 62.14% and auto tipper are expected to continue witnessing growth in the market until FY2026. Growth in the market can attributed to use auto tipper for door to door collection of waste, contributing to its leading share among its counterparts.
Leading companies involved in the manufacturing of solid waste management vehicle 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. Manufacturers are engaging in partnership with municipalities; thereby, fueling the growth of the market.
• To assess the market scenario of solid waste management vehicles in India which covers the annual demand for solid waste management vehicles in the country. • To analyze and forecast the market size of solid waste management vehicles. • To classify and forecast India solid waste management vehicles market based on type, size and regional distribution. • To identify drivers and challenges for India solid waste management vehicles market. • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India solid waste management vehicles market. • To identify and analyze the profile of leading players involved in the manufacturing of solid waste management vehicles in India. To perform the study, the analyst conducted primary as well as exhaustive secondary research.Initially, the analyst prepared an exhaustive list of solid waste management vehicle manufacturers operating in India.
Subsequently, the analyst conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, the analyst could include manufacturers which could not be identified due to the limitations of secondary research. The analyst examined product offerings and regional presence of all major solid waste management vehicle suppliers across the country. The analyst calculated the market size for India solid waste management vehicles using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, was recorded as well as forecast for the future years. The analyst sourced these values from industry experts and company representatives, and externally validated the same by analyzing historical sales data of respective manufacturer to arrive at the overall market size.
Multiple secondary sources such as directories, company websites, company annual reports, white papers, investor presentations and financial reports were also used by the analyst.
Key Target Audience:
• Solid waste management vehicle manufacturers, suppliers and other stakeholders • Associations, organizations, forums and alliances related to solid waste management vehicles • Municipal Corporations operating across the country • Market research and consulting firms The study is useful in providing answers to several critical questions that are important for industry stakeholders such as solid waste management vehicle manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, India solid waste management vehicles market has been segmented into following categories, in addition to the industry trends which have also been detailed below: • Market, By Vehicle Type: o Auto Tipper or Hopper Tipper o Garbage Compactor Truck o Dumper Placer o Earth Moving Equipment • Market, By Region: o North o South o East o West
Company Profiles: Detailed analysis of the major companies present in India solid waste management vehicles market.
With the given market data, we offers customizations according to the company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five). Profit Margin Analysis • Profit margin analysis in case of direct and indirect sales channel.
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Solid Waste Management
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