In its latest market study, Fact.MR predicts that the lavatory service vehicles market will envisage healthy growth at a 5.0% volume CAGR during the period 2018-2028. According to the study, lavatory service vehicle sales in the Asia-Pacific region excluding Japan (APEJ) will nearly double during the forecast period. The Fact.MR report sheds light on all the salient factors bolstering the sales of lavatory service vehicles in emerging markets, as air traffic has surged with increasing discretionary income of consumers in developing nations.
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Lavatory Service Vehicles with Smart Safety Features to Become Pervasive
Following safety procedures and error-free operations are the most critical rules for ground support personnel while operating lavatory service vehicles. Thereby, manufacturers in the lavatory service vehicles market are closely observing unique safety needs of ground support personnel to introduce innovative features of lavatory service vehicles. The lavatory service vehicles market is expected to witness introduction to vehicles with various safety accessories, such as rear view camera system, to that can help operators to safely navigate on busy airport runways.
The Fact.MR study states that demand for lavatory service vehicles with smaller capacities, such as 50-100 gallons, is likely to increase rapidly in the upcoming years. A surge in demand for smaller lavatory service vehicles is an after-effect of a significant rise in domestic travel, airlines shifting towards smaller aircrafts, and airports adopting cost-cutting strategies to envisage profitable growth in the aviation industry. According to the report, the 50-100 gallon lavatory service vehicles segment is expected to remain the faster growing segment in the lavatory service vehicles market by 2028.
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Taking into consideration the importance of flawless operation of lavatory service vehicles, leading manufacturers in the lavatory service vehicles market are adopting next-generation technologies to upgrade the older models. Though airports are more inclined towards smaller lavatory service vehicles, the efficiency and precision of operation are the most important features of lavatory service vehicles.
Leading stakeholders in the lavatory service vehicles market are introducing smart features of lavatory service vehicles to ensure accurate operation and avoid unintended overfilling. With the adoption of next-generation technologies, influential players in the lavatory service vehicles market aiming to introduce cutting edge features of lavatory service vehicles and ultimately gain a competitive edge in the market.
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Stakeholders in lavatory service vehicles market featured in the Fact.MR report are Alvest Group, Sage Parts, Weihai Guangtai Airport Equipment Co., Ltd., Vestergaard, TBD Owen Holland Ltd., Lift-A-Loft Engineered Aerial Solutions, ACCESSAIR Systems, Inc., Aero Specialties, Inc., Air+Mak Industries Inc., Alberth Aviation Ltd., Aircraft Services, Inc., Bailey Specialty Cranes & Aerials, and Industrial Man Lifts.
