Press release
Public Convenience Buildings Market Segments 2024-2033: Size, Share, and Insights
Public Convenience Buildings Market Segments
According to The Business Research Company's, The public convenience buildings market size has grown marginally in recent years. It will grow from $56.1 billion in 2023 to $56.81 billion in 2024 at a compound annual growth rate (CAGR) of 1.3%. The growth in the historic period can be attributed to population growth and urbanization, tourism and recreational activities, government initiatives and regulations, event hosting and public gatherings, public health and sanitation concerns..
The public convenience buildings market size is expected to see marginal growth in the next few years. It will grow to $60.48 billion in 2028 at a compound annual growth rate (CAGR) of 1.6%. The growth in the forecast period can be attributed to sustainable and accessible design, smart infrastructure integration, public space planning, health and well-being focus, increasing tourism and events.. Major trends in the forecast period include hygiene and sanitation solutions, gender-inclusive facilities, art and aesthetics, energy-efficient lighting, modular and prefabricated construction, smart waste management..
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Market Drivers and Trends:
The rise in government initiatives is expected to propel the growth of the public convenience building market going forward. The government is taking several initiatives in the public convenience building market to provide hygienic sanitation facilities and raise public awareness about proper sanitation practices. For instance, in March 2021, The Australian Government Department of Health, an Australia-based government department in collaboration with the Australian Local Government Association, an Australia-based association initiated 'The National Public Toilet Map', as a part of the National Continence Program, which represents councils across the country and provides information for the toilet map on public toilets. This initiative helps in finding out the location, opening hours, accessibility, and all other toilet information of the nearest toilet. Therefore, the rise in government initiatives is driving the public convenience building market.
Technological advancements are a key trend gaining popularity in the public convenience building market. Major companies operating in the public convenience building market are adopting new technologies to strengthen their position in the market. For instance, in December 2022, SmithGroup, a US-based integrated architectural, engineering, and planning firm, launched its design for AmeniPODS, a new generation of public amenities in San Francisco, including toilets. This design comprises modeled stainless-steel surfaces and technology that creates a cleaner, safer, and more hygienic experience.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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Major Key Players of the Market:
Toilitech SRL; Exeloo Group Ltd.; Urben Blu Inc.; Sanitronics International BV; Cintas Corp.; Companhia Hering; Altersoft Innovations India Private Limited; Public Restroom Company; TOTO Ltd.; Lixil Group Corp.; Danfo UK Ltd.; Karmod Modular Buildings; LandMark Products Pty Ltd.; Clivus Multrum Inc.; Pureablue; Satellite Industries Inc.; PolyJohn Corp.; Armal Inc.; TOI TOI and DIXI Group; National Construction Rentals; United Site Services; Zters Inc.; Nature's Call Brands Inc.; Mr. John Inc.; Cleveland Sitesafe Ltd.; Aluline Systems Pvt. Ltd.; Healthmatic Business Solutions Private Limited; JCDecaux UK Ltd.; Indoor Environmental Quality Management Company; Engineers & Consultants Pvt. Ltd.; SFA Saniflo UK Ltd.
Public Convenience Buildings Market 2024 Key Insights:
• The public convenience buildings market size is expected to see marginal growth in the next few years. It will grow to $60.48 billion in 2028 at a compound annual growth rate (CAGR) of 1.6%.
• Rise In Government Initiatives Propel The Growth Of The Public Convenience Building
• Adoption Of Latest Technologies
• North America was the largest region in the public convenience buildings market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide."
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