Dumpster Rental market is projected to grow at a moderate CAGR of 3.2% during the forecast period (2021-2027). A dumpster is a kind of movable waste container designed to be brought and taken away by a special collection vehicle, or to a bin that a specially designed garbage truck lifts, empties into its hopper, and lowers, on the spot. Easy affordability, convenience, safety feature, time savvy, and sustainability are the key benefits of using a dumpster rental. The wide adoption of dumpster rental across residential, commercial, and industrial space to carry out the generated waste owing to their offered benefits is a prominent factor driving the growth of the dumpster rental market across the globe. Major economies such as China, the US, Germany, and France have a significant share in the global hazardous waste production as these economies are considered as manufacturing hub across the globe. High production of hazardous waste in these countries creates demandfor cost-effective waste management services which in turn is anticipated to drive the demand for global dumpster rental market.

The easy availability of dumpster rental in varied sizes is further contributing towards its large-scale adoption. For instance, for the commercial application, 2 cubic yard, 3 cubic yard, 4 cubic yard, 6 cubic yard, and 8 cubic yard dumpsters are available in the market. Continuous growth in the emerging economies, rising investors, government schemes, and investment in transport, energy, and housing projects are some of the major factors for the growth of the construction sector across the globe. Due to its tremendous offering the market is gaining larger demand from construction sites for carrying & dumping heavy trash efficiently therefore,  the significant rise in construction activities across the globe owing to rapid urbanization and industrialization is anticipated to offer growth opportunities to the dumpster rental market.  

Segmental Outlook  

The dumpster rental market is segmented based on the type, and application. Based on type, the market is segmented into hourly rental, daily rental, monthly rental, quarterly rental, and annual rental. Based on type, yearly rental is anticipated to hold considerable share in the global dumpster rental market. Low cost of hiring is a key factor contributing towards the high share of this market segment.Hourly rental is anticipated to exhibit considerable growth during the forecast period. The ease of hiring an hourly rental service foe disposition of low quantity waste is driving the growth of this market segment. Based on application, the market is segmented into residential, industrial, and commercial applications. 

Industrial to be considerable segment based on application

Industries are anticipated to be the major application area for dumpster rental. Industrial waste involves waste generation from manufacturing and industrial processes. This comprises waste generated from pharmaceutical, manufacturing and processing industries, such as power plants, food processing industries, cement factories, petroleum industries, textile industries, and chemical plants. The high density of generated waste and easy affordability of dumpster rental for its disposal is a key factor contributing towards the high share of this market segment.

Global Dumpster Rental Market Share by Application, 2020 (%)

Regional Outlook 

The global dumpster rental market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. North America is anticipated to hold major market share in the global dumpster rental market. High e-waste generation and government initiatives to control hazardous waste are also significantly driving the growth of the market. Hazardous waste management program run by the Department of Environmental Conservation (DEC) in New York has significantly controlled the collection, transportation, recycling and disposal of hazardous waste. Government regulations and support programs to increase awareness for waste management have boosted the market growth in the region. Moreover, the rapid growth in commercial and industrial sector across the region is another contributor towards the growth of the regional market. 

 Global Dumpster Rental Market Growth, by Region 2021-2027

Asia-Pacific is Expected to Exhibit Highest Growth in Global Dumpster Rental Market

Rapid urbanization and presence of favourable government regulation regarding waste dumping are anticipated to fuel the growth of the dumpster rental market across the Asia-Pacific region. Moreover, rapid increase in construction activities in the emerging countries of the region to meet the infrastructure demand of growing population is again anticipated to promote the demand of dumpster rental to dumps the debris construction waste. 

Market Players Outlook

The key players that are contributing significantly to the growth of the global dumpster rental market includeGrime Time, Pronto Waste Service, Inc., Republic Services, Inc., Ridgerunner Container Service, Trash Gurl LLC, Vine Disposal LLC, WM Intellectual Property Holdings, LLC, and WRS Dumpster Rental among others. These market players are adopting various strategies to capitalize on the market opportunities. New product launch, geographical expansion, partnerships, and collaborations are some of the key strategies adopted by the market players. 

Market value data analysis of 2020 and forecast to 2027

• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global dumpster rental market. Based on the availability of data, information related to the products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.