SEATTLE--(BUSINESS WIRE)--The global portable toilets market was valued at US$ 18,200.8 million in 2018, and is projected to exhibit a CAGR of 3.5% over the forecast period (2019–2027).
Key Trends and Analysis of the Portable Toilets market:
Growing awareness regarding health and sanitation in emerging economies is fueling growth of the portable toilet market. For instance, in India, on 2nd October 2014, the Swachh Bharat Mission was undertaken to achieve universal sanitation coverage and to focus on sanitation. This mission motivated people to use portable toilets and make India free from open defecation. This resulted into a significant demand for portable toilets from this region and it is further expected to grow during the forecast period.
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Furthermore, increasing expenditure on travel and tourism is another factor related with increasing number of portable toilets around the globe. For instance, according to the World Bank Data, in 2011, the global inbound tourism expenditure was US$ 1,230,969 million and it reached US$ 1,525,677 million in 2017. Also, the global outbound tourism expenditure was US$ 1,117,835 million in 2011 and it reached US$ 1,449,151 million in 2017. This exhibits increasing value of the travel and tourism market, which in turn will increase the need for using portable toilets to keep the public places convenient and hygienic.
Major players operating in the global portable toilet market include NuConcepts, Satellite, Sanitech, Polyjohn Enterprises, Camco Manufacturing, Inc., and others.
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Key Market Takeaways:
- North America held a significant market share in the global portable toilet market in 2018, owing to rising number of construction activities that require portable toilets on their construction site for workers. For instance, according to the United States Census Bureau, the Value of Construction Put in Place Survey (VIP) was US$ 1,292,717 million, which comprised of the total construction spending in 2018.
- According to ‘The International Trade Administration’ (ITA), U.S. Department of Commerce, the Chinese construction industry valued US$ 717.71 billion in 2016, and is estimated to reach US$ 1042.17 billion by 2021.
- Some of the major players operating in the global portable toilet market include NuConcepts, Satellite, Sanitech, Polyjohn Enterprises, Camco Manufacturing, Inc., and others.