USD 18.28 billion
Report ID:
SQMIG20L2041 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
61
|Figures:
75
Portable Toilet Rental Market size was valued at USD 18.28 billion in 2021 and is poised to grow from USD 19.71 billion in 2022 to USD 35.94 billion by 2030, at a CAGR of 7.8% during the forecast period (2023-2030).
The global portable toilet rental market has been witnessing significant growth in recent years, with increasing demand for portable toilet solutions across various sectors. The market serves a crucial purpose by providing adequate sanitation facilities for outdoor events, construction sites, and disaster management operations, among others. The market is driven by several factors, including the growing need for better sanitation infrastructure in developing countries, increasing demand for portable toilets in the tourism industry, and rising concerns around hygiene and cleanliness in public places. One of the key drivers of the global market is the increasing demand for portable toilets in the tourism industry, especially in the Asia Pacific region. Moreover, the market is witnessing a rising trend of eco-friendly portable toilets, which are gaining popularity due to their sustainable features and lower environmental impact.
However, there are also several restraints that need to be addressed in the global market, such as the high cost of transportation and logistics involved in delivering and servicing portable toilets, increasing competition from alternative sanitation solutions, and the lack of proper sanitation infrastructure in many developing countries. Additionally, the COVID-19 pandemic has had a significant impact on the market, leading to decreased demand for portable toilets due to the cancellation or postponement of outdoor events. Despite these challenges, the global market offers several opportunities for growth, including the growing demand for portable toilets in disaster management operations, the rising trend of smart portable toilets equipped with advanced features, and the increasing adoption of portable toilets in the healthcare sector for patient care. The market is witnessing several key trends, such as the growing adoption of sustainable portable toilets, the integration of IoT and AI technologies in portable toilet solutions, and the rising focus on hygiene and cleanliness in public places.
US Portable Toilet Rental Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 18.28 billion
Largest Segment
Standard
Fastest Growth
Standard
Growth Rate
7.8% CAGR
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Global Portable Toilet Rental Market is segmented on the basis of product, application, and region. By product, the market is segmented into standard and luxury. By application, the market is segmented into construction, special events, recreational and commercial. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Portable Toilet Rental Market Analysis by Product
The global portable toilet rental market offers a range of options for consumers, but in terms of revenue, the standard portable toilet rental segment dominates with a share of 70.5% in 2021. This is due to the growing awareness around sanitation and hygiene and the increasing demand for these solutions in the construction industry, among others. Standard portable toilets are the most basic form of rental toilet facilities, typically consisting of a toilet and a holding tank, and some models also feature separate male urinals. The popularity of these solutions is driven by their affordability, durability, and ease of use.
The luxury portable toilet rental is expected to witness significant growth in the coming years, with a projected CAGR of 8.6% from 2022 to 2030. These high-end portable toilets offer more advanced features such as air conditioning, running water, and better lighting, making them an ideal option for events and high-end construction sites. The growing number of government regulations promoting the installation of efficient toilets and increasing expenditure on tourism and travel are driving growth in this segment. However, the high costs associated with these luxury portable toilets and a lack of awareness regarding their benefits remain key challenges.
Portable Toilet Rental Market Analysis by Application
When it comes to revenue, the construction application segment dominates the global portable toilet rental market with a share of 58.86% in 2021. With a rise in residential, hotel, and social infrastructural projects, the demand for portable toilets is set to increase in the coming years. Clean and conveniently located portable toilets make workers more productive on construction sites, allowing them to spend more time on the project at hand. As a result, the demand for portable toilets is high in the construction sector, making it the largest application segment of the portable toilet rental market.
In contrast, special events portable toilet application is expected to register a CAGR of 9.3% from 2022 to 2030. The popularity of public gatherings at outdoor exhibitions, events, and festivals is driving the demand for portable toilet rental services among organizers. According to a report from billboard.com, more than half of the U.S. population attended at least one outdoor music event or concert in 2021. With such a high demand for portable toilets at events, businesses that specialize in special event portable toilet rental can expect to see significant growth in the coming years.
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The global portable toilet rental market is witnessing significant growth, with the Asia Pacific region dominating the global market. This can be attributed to the high inflow of tourists, which has led to a growth in the accommodation industry, thereby boosting the application of portable toilets by hotels and public authorities. These toilets offer adequate restroom facilities under diverse circumstances, making them a popular choice for event organizers, construction sites, and public gatherings. As per UNWTO/GTERC Asia Tourism Trends: 2018, international tourist arrivals in the Asia Pacific grew by 6% in 2017, reaching 323 million. This is a clear indication of the region's potential for growth in the portable toilet rental market.
The North America market is also witnessing growth, with a projected CAGR of 7.6% from 2022 to 2030. This growth can be attributed to the high demand for portable toilets at public gatherings, such as outdoor exhibitions and concerts. Event organizers prefer portable toilets to offer sanitary facilities to their audiences, and with Las Vegas known for its concert residencies, boasting 59 concerts per 100 thousand residents according to SeatGeek, the demand for portable toilets is expected to remain high.
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Portable Toilet Rental Market Drivers
Increasing Demand for Portable Toilets
Growing Awareness of The Importance of Proper Sanitation and Hygiene Practices
Portable Toilet Rental Market Restraints
High Cost
Increasing Competition from Alternative Sanitation Solutions
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Global Portable Toilet Rental Market is highly fragmented, with numerous small and regional players vying for market share. However, some of the major players in the market compete based on various factors such as price, quality, range of products and services, customer service, and geographic reach. They are adopting various strategies to maintain their market position, such as expanding their services to new markets, integrating advanced technologies to improve hygiene and convenience, offering eco-friendly and sustainable products to address environmental concerns, and offering value-added services to differentiate themselves from competitors. Additionally, companies are forming strategic partnerships and making acquisitions to expand their market reach and strengthen their product and service offerings. The market is characterized by intense competition, rapid technological advancements, and a focus on sustainability and environmental responsibility.
Portable Toilet Rental Market Top Player’s Company Profiles
Portable Toilet Rental Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Portable Toilet Rental Market analysis, the market is driven by several factors, including the increasing awareness of hygiene and sanitation, the growing demand for portable toilets in the construction industry, and the rising popularity of public gatherings and events. In terms of regional analysis, the Asia Pacific region dominated the market in 2021. The region is expected to continue its dominance over the forecast period, driven by the high inflow of tourists that has led to growth in the accommodation industry, thereby boosting the demand for portable toilets by hotels and public authorities. In terms of segment analysis, the standard portable toilet rental segment dominated the market in 2021 with a share of 70.5%. This segment is expected to continue its dominance in the coming years, owing to factors such as increasing awareness of sanitation and hygiene, improving standards of living, and the rising demand from the rapidly growing construction industry.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 18.28 billion |
Market size value in 2031 | USD 35.94 billion |
Growth Rate | 7.8% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Portable Toilet Rental Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Portable Toilet Rental Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Portable Toilet Rental Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Portable Toilet Rental Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20L2041
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