Indian Solid Waste Management Vehicles Market FY2016-FY2026, By Vehicle Type, Region, Competition Forecast & Opportunities.
M2 PRESSWIRE-April 7, 2021-: Indian Solid Waste Management Vehicles Market FY2016-FY2026, By Vehicle Type, Region, Competition Forecast & Opportunities
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RDATE:07042021
The "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" report has been added to ResearchAndMarkets.com's offering. The Indian 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. The growth in the market is anticipated on account of the growing demand for the management of solid waste. 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. In 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. The majority share of solid waste generated across cities is through households.The Indian Solid Waste Management Vehicles Market can be segregated based on vehicle type and region. In terms of vehicle type, the 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. The 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...
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