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The municipal vehicles market study is a comprehensive investigation and analysis of the industry, focusing on the international market situation. Environmental challenges, such as global warming, increased development, and a growing population, put enormous strain on freshwater reserves, particularly groundwater. As a result, large cities in Asia and Africa face severe water shortages throughout the summer. In Indian cities, water trucks are critical in distributing 69 liters of water per inhabitant daily. In Indian cities, the daily water requirement per capita is 135 liters.
Waste collection and disposal are two major applications of municipal trucks observed worldwide. Various activities produce almost 2 billion tonnes of garbage per year on average. The demand for trash collection and disposal trucks will rise during the projected period. The expected need will be fulfilled owing to a greater emphasis on recycling and safe disposal and investment by the World Bank (nearly USD 5 billion) in various developing countries since 2000.
The COVID-19 pandemic is expected to enhance market growth during the projection period. During the COVID-19 pandemic, there was a high demand for trash disposal and sanitized vehicles. COVID-19 is a highly contagious virus that can be transmitted directly or indirectly. The need for sanitation of vehicles to spray disinfectants on the streets and public areas grew due to these causes.
An increase in the requirement for ambulances was also raised during the pandemic for aiding quick medical services.
Waste disposal has become crucially important after the pandemic. Municipal corporations across various nations are working on eco-friendly waste disposal methods.
The report will cover the following key insights:
Consumption of commodities has increased exponentially as the population has grown, resulting in large-scale trash generation. Developed and developing countries invest extensively in garbage collection and disposal. International government systems, such as the United Nations and World Bank, provide cash and loans to build and enhance landfill sites. Liberia, for example, spent USD 10.5 million developing hygienic landfills and improving the efficiency and effectiveness of trash collection networks.
Many government bodies are purchasing waste collection and disposal trucks due to a strong emphasis on cleanliness and global commitments to population reduction. Compactors and bulk refuse carriers are popular garbage collecting and disposal vehicles that play a significant part in solid waste management systems. It is becoming easier to improve the efficiency of collection and dumping operations and safety when operating garbage trucks with new technologies such as GPS, sensors, telematics, and others. Technology companies and startups, such as OnePlus Systems, Compology, and others, develop ultrasonic sensor-based, image-based trash monitoring systems.
Attributed to these factors, the market for these vehicles will likely develop significantly throughout the forecast period.
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The market is segmented into four regions, North America, Europe, Asia Pacific, and the rest of the world. Groundwater levels in Asia's major countries are fast diminishing due to rising populations, and many areas are experiencing water shortages, which worsen during the summer. Municipalities invest in water tanker trucks to meet the population's freshwater demand and outsource their operation to third-party companies. As the world's two most populated countries, China and India are seeing rapid residential and transportation infrastructure growth. Due to the above factor, the municipal vehicles market is predicted to increase significantly during the projection period.
Government-sponsored efforts in India, such as the Swachh Bharat Mission (Clean India Mission), supported cleaning roads, streets, and public spaces. Municipalities in Indian cities were given points based on planning, strategy, and initiatives to clean up their cities. The Quality Council of India performed this Cleanliness Survey, which ranked the highest-performing cities from top to bottom. Another ambitious project of the Indian government is the Smart City Mission, which aims to create 100 sustainable and citizen-friendly smart towns.
Thus, the market for municipal vehicles will develop over the forecast period due to the causes mentioned above.
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