The global lavatory service vehicles market size is expected to reach USD 107.5 million by 2027 according to a new study by Polaris Market Research. The lavatory service vehicle are the essential requirements of the aviation industry, they provide cleaning of lavatory waste and refilling of the tank with disinfectant in aircraft. The manufacturers continuously focus on product innovations so as to supply advanced products in the market. The lavatory service vehicle manufacturers are also focusing on using alternate fuel in place of gasoline, which is expected to increase the efficiency and reduce emission and the operational cost.
Owing to the significant increase in air travel demand globally
and requirement of more aircrafts to carry passengers requiring, more ground
support equipment will be witnessed, and is expected that the global aircraft
ground support equipment market will grow at a healthy rate over the forecast
period. Rising air traffic with increasing revenue passenger per kilometer is
also fueling the growth of the market, primarily in Asia Pacific and Middle
East region. Moreover, growing and shifting focus of airline companies and
airport authorities towards renting is anticipated to fuel the global market.
The overall growth in ground service equipment is expected to boost the growth
of the concerned market.
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The announcement of mega-hub projects such as Beijing Daxing
International Airport, Hong Kong International Airport, Changi’s East extension
and Al Maktoum International Airport in MEA during the next decade is
anticipated to be the most attractive region in terms of infrastructure
spending.
The growing demand for more aircrafts to sufficiently handle the
growing passenger traffic, different approaches have been taken into
consideration which involves construction of large number of optimally sized
airports that will directly impact the sales of lavatory service vehicle.
Providing airport accessibility to a larger percentage of population, improving
traveling quality, delivering redundancy during unplanned incidents, and
delivering cost effective & efficient airport infrastructure are the four
pillars behind this approach.
Lavatory service vehicles are costly devices owing to rapid
working operation. These vehicles have to endure long working hours, require
more accuracy without compromising on performance and are needed built with
precision leading to an increase in its selling price. Hence, these are capital
intensive and require highly qualified personnel, such as dedicated
professional, to perform the operation in a safe and controlled manner. Hence,
this factor can dent the growth of the airport services market in many small
countries.
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Market participants in the global market include Aero Specialties,
Inc., TLD Group, TBD Owen Holland Ltd, Vestergaard Co Holding A/S, Lift-A-Loft
Engineered Aerial Solutions, ACCESSAIR Systems, Inc., Charlatte of America
Inc., Alberth Aviation Ltd., Weihai Guangtai Airport Equipment Co., Ltd., and
Mallaghan Engineering Limited among others.
Read More : https://www.openpr.com/news/2190945/lavatory-service-vehicles-market-size-worth-107-5-million