Lavatory Service Vehicles Segment Is Projected To Experience A Growth of ~1.6X By 2028

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.

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.

Multiple advantages of lavatory service vehicles, coupled with rapid technological advancements and growth of the aviation industry are foreseen to augment the growth of the lavatory service vehicles market over the forecast period, reveals Fact.MR.

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Key Takeaways of Global Lavatory Service Vehicles Market

• The trucks segment is projected to expand ~1.5X to cross the US$ 100 Mn mark by the end of the forecast period.
• Collectively, electric and non-electric vehicles segment are estimated to hold 89% of value share in the global lavatory service vehicles market and is foreseen to grow by a value CAGR of 5.6 % over the forecast period.
• Carts segment is expected to grow at a CAGR of 7.7% over the forecast period (2019-2028).
• The lavatory service vehicles with 50-100 gallons capacity are estimated to create an absolute dollar opportunity worth US$ 16 Mn over the forecast duration.
• The defense segment is foreseen to grow ~1.2X faster as compared to the commercial application segment by accounting for one fourth of the overall value opportunity created
• North America is estimated to be the most lucrative region and is foreseen to account for 1/4th of the overall absolute dollar opportunity created by 2028 end.

“Growing adoption of zero-emission GSE (Ground Support Equipment), including lavatory service vehiclesis foreseen to redefine growth prospects of the electric lavatory service vehicles”, says a Fact.MR analyst.

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Key Segments of the Lavatory Service Vehicles Market

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.

• By Power :

  • Electric
  • Non-Electric
  • Hybrid

• By Vehicle :

  • Trucks
  • Carts

• By Capacity :

  • <50 gallons
  • 50-100 gallons
  • 101-200 gallons
  • >200 gallons

• By Application :

  • Commercial
  • Defence

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Questionnaire answered in the Lavatory Service Vehicles Market report include:

• How the market for Lavatory Service Vehicles has grown?
• What is the present and future outlook of the global Lavatory Service Vehicles on the basis of region?
• What are the challenges and opportunities for the Lavatory Service Vehicles?
• Why the consumption of Lavatory Service Vehicles highest in region?
• In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

• MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Lavatory Service Vehicles market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Lavatory Service Vehicles market, thus, making it different and special from other reports.
• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Lavatory Service Vehicles market and assists to create strategies to overcome the obstacles that may hinder the growth of the Lavatory Service Vehicles market.
• Leverage: The Lavatory Service Vehicles market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Lavatory Service Vehicles market.

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