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India solid waste management vehicles market stood at USD 88.49 Million in FY2020 and is projected to grow at a CAGR of 12.59% through FY2026 to reach USD 141.42 Million during the forecast period. https://bit.ly/315iHIv
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FY2016 – FY2026 INDIA SOLID WASTE MANAGEMENT VEHICLES MARKET FORECAST AND OPPORTUNITIES PUBLISHED : OCTOBER 2020 www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING
Table of Contents S. No. Contents 1 Product Overview 2 Research Methodology 3 Executive Summary 4 Voice of Customer 4.1. Need Gaps 4.2. Brand Recall (Unaided/Aided) 4.3. Brand Satisfaction Level, By Features 4.4. Brand Satisfaction Level, By Performance 5 Impact of COVID-19 on India Solid Waste Management Vehicles Market 6 India Solid Waste Management - An Overview 6.1. Solid Waste Management 6.2. Composition of Solid Waste 6.3. Categorization of Solid Waste 6.4. Solid Waste Collection Process 6.5. India Solid Waste Generation, State/UT-wise 7 India Solid Waste Management Vehicle Fleet Size Overview 8 Overview of Major Indian Municipalities 8.1. Municipal Corporation of Greater Mumbai 8.2. Lucknow Municipal Corporation 8.3. Ahmedabad Municipal Corporation 8.4. Jaipur Municipal Corporation 8.5. Surat Municipal Corporation 2 © TechSci Research
Table of Contents S. No. Contents 8.6. 8.7. 8.8. 8.9. 8.10. 8.11. 8.12. 8.13. 8.14. 8.15. Global Solid Waste Management Vehicles Market Outlook India Solid Waste Management Vehicles Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value & Volume 10.2. Market Share & Forecast 10.2.1. By Vehicle Type (Auto Tipper or Hopper Tipper, Garbage Compactor Truck, Dumper Placer, Earth Moving Equipment) 10.2.2. By Region 10.2.3. By Company India Solid Waste Management Auto Tipper or Hopper Tipper Market Outlook 11.1. Market Size & Forecast 11.1.1. By Value & Volume 11.2. Market Share & Forecast Municipal Corporation of Faridabad Kanpur Municipal Corporation Greater Hyderabad Municipal Corporation Coimbatore Municipal Corporation Pune Municipal Corporation Municipal Corporation of Gurgaon Bruhat Bengaluru Mahanagara Palike Municipal Corporation of Shimla Municipal Corporation of Delhi Chennai Municipal Corporation 9 10 11 3 © TechSci Research
Table of Contents S. No. Contents 11.2.1. 11.2.2. Leading Variants in Auto Tipper or Hopper Tipper Market (Top 3) India – Leading Manufacturers of Auto Tipper or Hopper Tipper (Top 3) Global – Leading Manufacturers of Auto Tipper or Hopper Tipper (Top 3) Product Benchmarking India Solid Waste Management Dumper Placer Market Outlook 12.1 Market Size & Forecast 12.1.1. By Value & Volume 12.2. Market Share & Forecast 12.2.1 By Vehicle Type 12.2.1 By Region 12.3. Product Benchmarking India Solid Waste Management Garbage Compactor Truck Market Outlook 13.1. Market Size & Forecast 13.1.1. By Value & Volume 13.2. Market Share & Forecast 13.2.1. By Vehicle Type 13.2.2. By Region 13.3. Leading Variants in Garbage Compactor Truck Market (Top 3) 13.4. India – Leading Manufacturers of Garbage Compactor Truck (Top 3) 13.5. Global – Leading Manufacturers of Garbage Compactor Truck (Top 3) 13.6. Product Benchmarking By Vehicle Type By Region 11.3. 11.4. 11.5. 11.6. 12 13 4 © TechSci Research
Table of Contents S. No. Contents 14 India Solid Waste Management Earth Moving Equipment Market Outlook 14.1. Market Size & Forecast 14.1.1. By Value & Volume 14.2. Market Share & Forecast 14.2.1. By Vehicle Type 14.2.2. By Region 14.3. Product Benchmarking 15 Market Dynamics 15.1. Drivers 15.2. Challenges 16 Market Trends and Developments 17 Region-wise Leading Customers / Clients of Solid Waste Management Vehicle 18 Different Processes of Collection and Disposal of Waste 19 Market Strategy 19.1. Branding 19.2. Brand Positioning 19.3. Pricing 19.4. Best Practices 20 Policy and Regulatory Landscape 21 India Economic Profile 5 © TechSci Research
Table of Contents S. No. 22 Contents Competition Outlook 22.1 Product Specification and Price Comparison of Hyva, Kam Avida and Antony 22.2. Company Profile 22.2.1. Antony Motors Pvt. Ltd 22.2.2. Hyva India Pvt. Ltd. 22.2.3. TPS Infrastructure Limited 22.2.4. Kam-Avida Enviro Engineers Pvt. Ltd. 22.2.5. Commercial Engineers & Body Builders Company Ltd. 22.2.6. IPWT Engineering Pvt. Ltd. 22.2.7. Kailash Vahan Udyog Limited 22.2.8. Mahabull Infra Engineers Pvt. Ltd. 22.2.9. Narmada Offshore & Technical Services Pvt. Ltd. 22.2.10. Durga Tractors Private Limited 22.2.11. Maniar & Company Strategic Recommendation About Us & Disclaimer 23 24 6 © TechSci Research
Scope of Report Product of Interest (POI): Solid Waste Management Vehicles Solid waste management is a major problem for many urban local bodies in India, where urbanization, industrialization and economic growth have resulted in increased municipal solid waste generation per person. Solid Waste Management Vehicles are designed to collect solid waste and transport it to a solid waste treatment facility, such as a landfill or transfer station. India solid waste management vehicles market is anticipated to grow on account of government initiatives aimed at increasing cleanliness across cities and metros covered by small as well as large municipal corporations. Market Segmentation BY VEHICLE TYPE Year Range INDIA SOLID WASTE VEHICLES INDIA SOLID WASTE VEHICLES MARKET MARKET Auto Tipper • Review Period Garbage Compactor Truck • Dumper Placer FY2016 – FY2019 • Earth Moving Equipment • Base Year FY2020 BY ZONE Estimated Year North • FY2021 East • Forecast Period West • FY2022 – FY2026 South • 8 © TechSci Research
Product Definition – By Vehicle Type Auto Tipper Used for primary collection (door-to-door) in small, narrow and congested streets Auto Tipper Compactor Truck Large size vehicle equipped with hydraulic compaction system, used for secondary collection including transportation Compactor Truck Earth Moving Equipment Earth moving equipment majorly comprises backhoe loaders that managing waste in processing plants Earth Moving Equipment are used yards for and dump Dumper Placer Mounted on vehicle having different carrying capacity, preferred for small as well as large municipalities Dumper Placer 9 © TechSci Research
Research Methodology Market Profiling Data Analysis Data Collection Data Developing List of Respondents Formulating Questionnaire Validation TechSci Research conducted interviews with industry experts and industry players for data collection and verification. The data was scrutinized using MS-Excel and statistical tools such as Time Series Analysis, etc. to obtain qualitative and quantitative insights about India solid waste management vehicles market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. In-depth secondary research was conducted to determine top players in India solid waste management vehicles market, overall market size and segmental market share. In order to conduct industry experts’ interviews, TechSci formulated a detailed questionnaire. List of industry players, distributors, and industry specialists was developed. Primary Research Desk Research Company Analysis Market Participants Key Strengths Product Differentiation ✓ ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Final Conclusion ✓ ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews ✓ ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ TechSci Internal Database LinkedIn ✓ Business Solution Actionable Insights Research & Intelligence Data Filter & Analysis ✓ Data Collection ✓ ✓ ✓ ✓ ✓ 11 © TechSci Research
Research Methodology Baseline Methodology: For the study, TechSci Research has gathered information through primary research surveys with leading solid waste vehicles manufacturers, and providers. We have also put through an exhaustive search of credible paid databases such as Business Week, Factiva, etc., including our internal database. Our team of analysts has then prudently evaluated all the collected information and presented the same in chronological order to depict a meaningful and clear picture of India solid waste management vehicles market. While compiling the data, we have also cross-checked all the collected information from multiple sources and data warehouses, to present the most accurate and precise information of the concerned industry. Sampling Technique: While conducting the study, TechSci Research followed the stratified random sampling technique to shortlist the Key Opinion Leaders (KOLs) in various solid waste vehicles companies/dealers & distributors operating in India. KOLs based out of prominent solid waste vehicles companies/dealers & distributors were interviewed to assess India solid waste vehicles market. Sample Size: Type of Respondents No. of Respondents Mid to Senior Management, Sales Managers of solid waste vehicles companies / Dealers & Distributors 70 Industry Experts 30 Total 100 12 © TechSci Research
Research Methodology Market Size Calculation Technique: Primary Research For the preparation of India solid waste vehicles market report, bottom-up model has been used, which has been later cross validated by using top-down approach. TechSci Research interviewed senior managers and regional sales managers of the prominent solid waste vehicles companies/dealers & distributors using Delphi technique for calculating India solid waste vehicles market size. Respondents were also asked about the current and future growth rates, market share by vehicle type, by region, etc. All the information gathered was carefully analyzed, and data points which exhibited high deviations from the majority estimates were eliminated as outliers and the remaining refined data points were put together to arrive at the data. Primary Research – Few of the Manufacturing Companies and/or their Dealers Interviewed S. No. Names of Companies and/or their Dealers Interviewed 1. TPS Infrastructure Limited 2. Kam-Avida Enviro Engineers Pvt. Ltd. 3. IPWT Engineering Pvt. Ltd. 4. Antony Motors Pvt. Ltd. 5. Commercial Engineers & Body Builders Company Ltd. *Note: The data given for any year represents the market during the period i.e. 1stApril of the previous year to 31stMarch of that year. eg: For 2021E, the data represents the period, 1stApril 2020 to 31stMarch 2021. 13 © TechSci Research
Research Methodology Secondary Research: We have put through an exhaustive search of credible databases in addition to our internal database. Further analysis of credible publications, white papers, company annual reports, investor presentations, news articles, etc., was also done to cross validate the end findings derived from primary research. S. No. Few of the Secondary Sources/Associations 1. Central Pollution Control Board 2. Ministry of Urban Development 3. Industry Magazines 4. Company Annual Reports & Websites 5. Ministry of New & Renewable Energy 6. World Bank 7. Industry Reports Forecasting Technique: The team has developed the forecast on the basis of econometric and judgemental analysis in addition to statistical techniques such as averaging and geometric mean. During primary research interview, questions regarding historical sales trend of solid waste vehicles in India were put forward. Respondents were asked about the current and future growth rates, and market share of solid waste vehicles in India. In order to forecast India solid waste vehicles market, following forecast techniques were used: Time Series Analysis Econometric and Judgmental Analysis Moving Average • • • 14 © TechSci Research
Industry Brief According to TechSci Research report, “India Solid Waste Management Vehicles By Vehicle Type (Auto Tipper or Hopper Tipper, Garbage Compactor Truck, Dumper Placer, Earth Moving Equipment), By Region, Competition Forecast & Opportunities, FY2016 – FY2026”, India solid waste management vehicles market stood at USD 88.49 Million in FY2020 and is projected to grow at a CAGR of 12.59% through FY2026 to reach USD 141.42 Million during the forecast period. Continuous rise in waste generation due to population expansion across cities and increased public-private partnership between garbage truck manufacturer & municipal corporation are the drivers for the increased demand of solid waste management vehicles in the developing economy through FY2026. In order to increase consumer awareness, government of India has launched programme including Swachh Bharat Mission and Clean India. Besides, government has mandated regulations as part of the guidelines, municipal corporations need to use solid waste management vehicles for waste collection, driving the growth of the market until FY2026. Multiple government and non-profit organizations have come forward over the concerns generated by increasing pollution due to non- availability of proper solid waste management in the country. However, with the increasing environmental awareness, people have started to dispose solid waste in a proper and segregated manner which has resulted in increase in collection of solid waste, thereby driving the market. Auto tipper or hopper tipper dominated the India solid waste management vehicles market in FY2020 with share of 88.49% as these auto tippers are preferred for the collection of waste over their counterparts. Major companies operating in the market include Antony Motors Pvt. Ltd., Hyva India Pvt. Ltd., TPS Infrastructure Limited, Kam-Avida Enviro Engineers Pvt. Ltd., Commercial Engineers & Body Builders Company Ltd., IPWT Engineering Pvt. Ltd., Kailash Vahan Udyog Limited, Mahabull Infra Engineers Pvt. Ltd., Narmada Offshore & Technical Services Pvt. Ltd., Durga Tractors Private Limited, Maniar & Company and others. “In the present scenario, majority of solid waste management vehicle suppliers carry out most of their business from nearby municipal corporations. Only few suppliers such as Antony Motors and TPS have a pan India presence. Solid waste management (SWM) vehicle suppliers should focus on establishing joint ventures with regional vehicle body builders and fabrication units in order to address the requirements of municipal corporations located at distant locations, with no direct access to SWM vehicle suppliers. Solid waste management vehicle suppliers can transfer their technology to these vehicle body builders, while the body builders can supply solid waste management vehicles to municipal corporations on demand.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 15 © TechSci Research
Sample Data - Snapshot India Solid Waste Management Vehicles Market Size, By Value (USD Million) FY2016–FY2026F CAGR (FY2021E-FY2026F) By Value: xx% CAGR (FY2016-FY2020) By Value: xx% FY2016 FY2017 FY2018 FY2019 FY2020 FY2021E FY2022F FY2023F FY2024F FY2025F FY2026F India Solid Waste Management Earth Moving Equipment Market Share, By Vehicle Type, FY2016–FY2026F FY2016 50.00% 30.00% 20.00% FY2017 50.00% 30.00% 20.00% FY2018 50.00% 30.00% 20.00% FY2019 50.00% 30.00% 20.00% FY2020 50.00% 30.00% 20.00% FY2021E 50.00% 30.00% 20.00% FY2022F 50.00% 30.00% 20.00% FY2023F 50.00% 30.00% 20.00% FY2024F 50.00% 30.00% 20.00% FY2025F 50.00% 30.00% 20.00% FY2026F 50.00% 30.00% 20.00% Loader Excavator Others India Solid Waste Management Garbage Compactor Truck Market Share, By Region, FY2016–FY2026F FY2016 40.00% 30.00% 20.00% 10.00% FY2017 40.00% 30.00% 20.00% 10.00% FY2018 40.00% 30.00% 20.00% 10.00% FY2019 40.00% 30.00% 20.00% 10.00% FY2020 40.00% 30.00% 20.00% 10.00% FY2021E 40.00% 30.00% 20.00% 10.00% FY2022F 40.00% 30.00% 20.00% 10.00% FY2023F 40.00% 30.00% 20.00% 10.00% FY2024F 40.00% 30.00% 20.00% 10.00% FY2025F 40.00% 30.00% 20.00% 10.00% FY2026F 40.00% 30.00% 20.00% 10.00% West North South East 16 © TechSci Research
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