Portable Toilets Market projected to reach US$ 24,730 million by the end of 2027, at a CAGR of 3.5% over the forecast period


Posted February 21, 2022 by neha_s

Portable toilet can be easily moved around to provide sanitation. Growing awareness regarding hygiene and sanitation is driving growth of the portable toilets market.

 
Portable toilet can be easily moved around to provide sanitation. Growing awareness regarding hygiene and sanitation is driving growth of the portable toilets market. For instance, the ‘Clean India’ mission aims to construct 111 million toilets in the next five years for improving the health, safety and dignity of the populace of India. In this regard, around 80 million household toilets were estimated to build since 2014, which is anticipated to propel demand for toilet-related products and services over the forecast period.

The global portable toilet market was valued at US$ 18,200 million in 2018, and is expected to register a CAGR of 3.5% in terms of revenue over the forecast period (2019 – 2027).

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Market Dynamics
Among application, construction sites segment held a significant market share in the portable toilet market. For instance, as per ‘The International Trade Administration’ (ITA), U.S. Department of Commerce, the Chinese construction industry valued at US$ 717.71 billion in 2016, and is estimated to grow and reach US$ 976.43 billion by 2020.

The market is projected to reach US$ 24,730 million by the end of 2027, at a CAGR of 3.5% over the forecast period, owing to the increasing number of construction sites in emerging economies such as India and China. Portable toilets on construction sites increase the workers’ productivity and are easy to relocate, according to the requirement.

Major Keyplayers: NuConcepts, Satellite, Sanitech, Polyjohn Enterprises, Camco Manufacturing, Inc., and others.

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Issued By Coherent Market Insights
Country India
Categories Business , Industry
Last Updated February 21, 2022