Portable Toilet Rental Market Size Worth $24.70 Billion By The End of 2025 Due To Increasing Concerns Regarding Sanitation And Hygiene | Million Insights
The global Portable Toilet Rental Market is estimated to reach USD 24.70 billion, by the end of 2025, and is projected to grow at the CAGR of 7.30% from 2019 to 2025, according to the new report published by Million Insights. Growing concern regarding sanitation and hygiene especially in developing countries across Asia Pacific region is mainly propelling the demand for the product. Moreover, increasing demand for low maintenance and cost-effective portable toilets owing to growing construction sector and rapid urbanization is expected to propel the market growth.
Additionally, government authorities across the world are investing heavily to develop sanitation systems for maintaining human health. Government initiatives are allowing developing sanitary units especially in malls, streets, parks, and other public areas, which in turn is expected to proliferate the product demand. Moreover, rising number of music festivals, carnivals, and sporting events are also supporting the growth of the product.
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Asia Pacific region is estimated to dominate the market and is expected to grow at the highest CAGR during the forecast period. Increasing product demand from commercial sector in countries such as France and Germany is projected to contribute significantly to the growth of European market.
Top companies engage in developing competitive strategies like a new product launch, mergers & acquisitions, and advertising campaigns to increase their distribution network across the globe. For example, Sanitech went into acquisition with Rent a Toilet in Namibia. Several key players in the portable toilet rental market are Satellite Industries, Sanitech, ADCO International, ARMAL, Inc., B&B Portable Toilets, and Shorelink International.
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Further key findings from the report suggest:
• The luxury product segment is anticipated to expand at a CAGR of around 8.4% from 2019 to 2025.
• Based on application, the construction segment is projected to hold the highest market share over 55.0% at the end of forecast period.
• Asia Pacific led the market with highest the market share in 2018. It is expected to continue its growth in the coming years.
Million Insights has segmented the global portable toilet rental market based on 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
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