Analysis of Lavatory Service Vehicles market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Currently, the market for electric and non-electric vehicles is promising in the lavatory service vehicles market. Collectively, both the segments are estimated to hold 89% of in the global lavatory service vehicles market.
Although most lavatory service vehicles are powered by diesel or gasoline, increasing adoption of zero-emission GSE is foreseen to bolster the demand for electric lavatory service vehicles in the near future. The non-electric segment is estimated to contribute 55% in the overall value opportunity created over the forecast duration.
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The truck based lavatory service vehicles is prospering, owing to the increased demand for air travel, thus fueling the necessity for new passenger aircrafts. The truck based lavatory service vehicles segment is projected to experience a growth of ~1.6X to cross the US$ 100 Mn mark by the end of 2028.
However, cart based lavatory service vehicles are expected to witness astonishing growth at a value CAGR of 7.7%, which is nearly 1.5 times faster than that of the truck segment.
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The lavatory service vehicles with capacity of 50-100 gallons appears to be the most lucrative segment and is estimated to grow 1.7X in terms of value by 2028 end.
With a growing number of smaller aircrafts, airports are targeting a cut down on resources expended in GSE (Ground support equipment), including lavatory service vehicles, to implement a low-cost business model. This is foreseen to create a tangible shift in demand for lavatory service vehicles with larger capacities in the forthcoming years.
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Globally, the demand for lavatory service vehicles for commercial applications is high since the number of aircraft in the commercial aviation industry are more as compared to defense applications, which contributes to the high demand for commercial lavatory service vehicles.
The commercial lavatory service vehicles segment is foreseen to cross ~US$88 million mark by the end of the forecast period by contributing three fourth of the overall absolute dollar opportunity created by the end of 2028. However, the defense segment is expected to grow at a growth rate of 6.6% which is nearly 1.3X faster than that of commercial segment.
In terms of value, North America holds one third of the share in the global lavatory service vehicles market. Collectively, North America and APEJ are estimated to account for half of the overall market in terms of value. Furthermore, Eastern Europe is also estimated to show resilient growth during the forecast period owing to upcoming airport projects and growing aircraft movements due to increasing passenger traffic.
Strong growth in the upper-middle-income group has paved the way for strong passenger numbers with the highest growth expected in APAC and Middle East & Africa region. Owing to this, both the regions are foreseen to auger well by contributing ~36% in the overall value opportunity in global lavatory service vehicle market by 2028 end.
A majority of manufacturers in the lavatory service vehicles market are adopting strategies to efficiently design lavatory service vehicles with maximum control over the quantity of fluids to be transferred to eliminate the risk of accidental overfilling.
With the adoption of UV-resistant, crack-resistant, and rust-proof materials to manufacture batching tanks in lavatory service vehicles, manufacturers are aiming to introduce safer and highly-efficient lavatory service vehicles. By incorporating advanced technologies, leading stakeholders in the lavatory service vehicles market are introducing innovative features to gain a competitive edge in the market in the upcoming years.
Fact.MR’s study on the lavatory service vehicles market offers information classified into five important segments: power, vehicle, capacity, application, and region. This market report proposes comprehensive data and information about the important market changing aspects and evolution structures related with these categories.
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Electric Powered Lavatory Service Vehicles to Witness Resilient Growth
non-electric segment has the largest share in the Lavatory Service Vehicles market
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