Water Hauling Services Market projects a mere 2.4% CAGR for water hauling services market over the period of 2018-2028 and estimated to reach nearly US$ 45 Bn by the end of 2027
The global water hauling services include the water logistics services offered by various service providers for the transportation of wastewater/water from one location to the other. With the progression of time, various water hauling service providers have established their business globally.
The water hauling services vicinity is broadening its scope by opening avenues for leisure activities, in light of financial leeway of modern consumers. Adherence to water conservation norms has fuelled water conservation activities, under which wastewater from residential and commercial buildings is treated and reused for construction activities. The water requisites to such projects ride on the back of water hauling services and reinforces bright prospects for the landscape.
Swimming Pools & Outdoor Recreation Activities Demand Maximum Water Hauling Services
In this report, FMI has segmented the global water hauling services market on the basis of application type, end-user, and region. By application, the water hauling services market is segmented into irrigation & agriculture, swimming pools & outdoor recreation, construction & projects, oilfield demand, 24-hour emergency response & fire fighting, and others such as residential applications and storage tanks.
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Swimming pools & outdoor recreation and oilfield segments hold a collective share of nearly 2/3rd of the total market value, which is attributed to growing demand and cost-effectiveness associated with water transportation across the aforementioned segments.
However, due to increasing investments in the construction industry undertaken by governments to boost industrialization, the construction & projects segment is more likely to witness higher demand for wastewater/treated water, in the years to come. This will in turn contribute to the growth of the water hauling services market.
Water Hauling Services Market Remains a Low-growth Landscape, Sustained Demand Expected from Industrial Sector
However, the industrial end-use sector is cited as a relatively attractive segment for water hauling services providers, in terms of the market incremental opportunity. The report attributes attractiveness of the industrial sector to the increasing number of oil extraction and well drilling activities that have been observed in the recent past – especially in North America.
Sustenance of Water Hauling Services Demand to Prevail in Developed Regions
North America’s water hauling services market is estimated hold the leading position owing to the strong presence of a majority of water hauling service providing brands, the highest number of swimming pools, and consistently growing demand for water hauling services across industries.
Europe is also cited as a key market for water hauling services providers owing to the increasing number of government-driven initiatives for necessitating efficient water hauling services. The increasing establishment of local companies in the water hauling services market is also among the factors boosting the global adoption of water hauling services in developed regions.
On the other hand, new and innovative corporate as well as residential construction projects emerging in Europe and MEA are also expected to propel the demand for water hauling services in these regions. Disaster conditions witnessed across Africa are also boosting the growth of water hauling services market in terms of value.
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Developed Economies Exhibit Razor-sharp Growth
Popularity of swimming pools and outdoor recreational activities in the developed countries like the U.S. and Canada has been gaining grounds for water hauling service landscape. Throat-cut competition prevailing in the hospitality industry to upgrade customer experience by offering advanced amenities will lend attractiveness to the water hauling services arena.
A Magnified View
Efforts in the direction of streamlining water logistics services by transporters to facilitate horizontal import-export of goods have been creating business opportunities for the commercial sector, which puts the water hauling services landscape in its best light through 2028.
- Irrigation & Agriculture
- Swimming Pools & Outdoor Recreations
- Construction & Projects
- Oilfield Demand
- 24 hour emergency Response & Fire Fighting
- Others (Storage Tanks, Residential Drinking Purposes)
By End User
- North America
- Latin America
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