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Posted: March 3rd, 2020
India Solid Waste Management Vehicles Market Forecast
Solid waste management (SWAM) vehicles are specially designed for the collection of solid waste, which includes agriculture waste; municipal solid waste such as domestic/residential waste, commercial waste and Industrial waste; or special waste such as clinical waste, sewage sludge and chemicals waste. Auto tipper, dumper placer, compactors and backhoe loaders are some of the common solid waste management vehicles used by municipal corporations in India for solid waste collection.
The market for SWAM vehicles in India Is expected to be driven by factors such as constant rise In solid waste generation due to population increase across cities, mandatory implementation of regulations pacified by the Solid Waste Management Act, 2000 by municipalities across India, and need for municipal corporations to upgrade existing fleet. According to “India Solid Waste Management Vehicles Market Forecast and Opportunities, 201 9”, the market for solid waste management vehicles in India is projected to grow at a CARR of 7. 6%, in value terms, during 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay-19.
Majority of demand for solid waste management vehicles is emanating from municipalities with total solid waste collection capacity In the range of around 500-1 ,OHO MET per day. Several municipal corporations In India do not have a proper and organized solid waste management system, which offers huge potential for growth in the SWAM vehicles market in India. Auto tippers are expected to continue dominating the market by the end of the forecast period, as these vehicles are still preferred by municipalities for door-to- door collection of solid waste.
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