BURNABY, Canada, September 9, 2014 /PRNewswire/ --
Improvement in Solid Waste Generation and Collection Process, Strict Implementation of Solid Waste Collection Laws by Municipalities and Upgradation of Vehicle Fleet by Municipal Corporations Benefit Solid Waste Management Vehicles Market in India
India is the seventh largest country by area and second most populous country in the world. On an average, around 135,000 MT solid waste is generated daily in the country's urban regions. 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. Majority share of solid waste generated across cities is through households.
According to a recently published report by TechSci Research, "India Solid Waste Management Vehicles Market Forecast and Opportunities, 2019", the market for solid waste management vehicles in India is projected to grow at a CAGR of 7.6%, in value terms, during 2014-19. It is forecast that auto tippers would continue dominating the India SWM vehicles market by the end of the forecast period, as these vehicles are still preferred by municipalities for door-to-door collection of solid waste.
Use of compaction hydraulic technology is gaining rapid popularity among municipal corporations in India. In the year 2000, the Government of India legislated the Solid Waste Management (SWM) Act. In order to comply with the strict government guidelines, several municipal corporations have started using hydraulics enabled vehicles that are useful for compacting large solid waste in a small area.
"Currently, Refuse Collector Vehicles (RCVs) or compactors are the fastest growing segment and most preferred solid waste management vehicles by municipal corporations in India. Due to their ability to squash solid waste by using compaction hydraulic technology, and relatively higher solid waste collection capacity, the demand for these vehicles, in volume terms, is growing at more than 8%. On the other hand, auto tippers or tipper trucks, with waste collection capacity in the range of about 3-8 MT, continue to dominate the solid waste management vehicles market in India due to their ability to effectively collect waste from small streets", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Solid Waste Management Vehicles Market Forecast and Opportunities, 2019" has evaluated future growth potential of the India SWM vehicles market, and provides statistics as well as in-depth information on market structure and future growth potential. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides all this, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the India solid waste management vehicles market.
About TechSci Research
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
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