Global Drain Cleaning Equipment Market Outlook to 2028 – With Nilfisk, Ridgid and Spartan Tools, Among Others – ResearchAndMarkets.com

The report “Drain Cleaning Equipment Market to 2028 – Global Analysis and Forecast by Product; Supply Source; End User; Sales Channel and Geography” has been added to from ResearchAndMarkets.com offer.

Sewer Cleaning Equipment Market is expected to grow from USD 1,682.73 million in 2021 to USD 2,866.24 million by 2028; it is estimated to grow at a CAGR of 6.8% from 2021 to 2028.

Growing Awareness and Investment towards Efficient Sanitation Infrastructure Propels Growth of Drain Cleaning Equipment Market

The MEA region attracts a lot of foreign investment in its infrastructure and construction sector. Additionally, Africa faces a housing crisis attributed to rapid population growth and increasing migration of people to urban areas.

It is anticipated that due to the continued increase in the population of the region, there will be an increase in the need for housing and other necessary infrastructure. According to the United Nations Department of Economic and Social Affairs, Africa is expected to record more than half of the world’s total population growth between 2015 and 2050. This will further drive the growth of the construction sector in the region, thereby influencing the market . growth of drainage cleaning equipment.

High disposable income and per capita income are mainly expected to increase the adoption of sewer cleaning equipment in Saudi Arabia. The country is planning to invest in its sewage system, for example, in 2016 the Chairman of Ajman Sewers said that the size of the sewer system is expected to double by 2020 in Ajman due to the increase investments. In addition, the presence of large wastewater treatment plants and equipment is also expected to contribute to the growth of the sewer cleaning equipment market.

Based on geography, the sewer cleaning equipment market is segmented into five key regions: North America, Europe, APAC, MEA and SAM. Europe held the largest sewer cleaning equipment market share in 2020. The European construction market is witnessing growth after the slowdown of recent years. Due to demographic trends, low mortgage rates and rising household incomes, residential construction is increasing dramatically. Along with new construction, a steady growth in renovation and maintenance has been observed.

Non-residential construction is also growing due to the positive boost from consumer demand growth and relatively strong corporate profits. The growing demand for housing in this region is one of the main drivers of growth in the construction sector in Europe. Countries like Germany and the UK are experiencing strong growth in their construction sector.

Governments in various countries are taking initiatives to support the construction industry. For example, the Italian government has taken initiatives to strengthen the growth of public and private investment in infrastructure. In addition, in Spain the government provided branches and subsidies for the renovation and construction of houses for rent.

In addition, the Italian government is offering tax breaks and low mortgage interest rates to stimulate the resumption of residential construction in the country. New measures have also been launched recently to further strengthen the country’s real estate market. Such initiatives are expected to boost the growth of the construction sector in the country. Thus, the sewer cleaning equipment market is also expected to grow with the growth of the construction industry in the European region.

Reasons to buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Drain Cleaning Equipment Market

  • Highlights key business priorities to help companies realign their business strategies

  • The key findings and recommendations highlight crucial progressive industry trends in the Global Drain Cleaning Equipment Market, thereby allowing players across the value chain to develop effective long term strategies.

  • Develop/modify business expansion plans using substantial growth offering in both developed and emerging markets

  • Dive deep into the global market trends and outlook associated with the factors driving the market, as well as those hindering it

  • Improve the decision-making process by understanding the strategies that drive business interest with respect to customer products, segmentation, pricing and distribution

Market dynamics

Drivers

  • Rising urbanization in developing economies

  • Growing awareness and investment towards effective sanitation infrastructure

Constraints

  • Unstable commodity prices and the impact of macro-economic factors

Opportunities

  • Rapid increase in demand from the African region

Future trends

  • Development of technology driven drain cleaning equipment

Companies cited

  • Australian pumps

  • Sustainable manufacturing

  • Electric Eel Manufacturing Co.

  • Flowplant Group Limited

  • General Wire Spring Co.

  • Goodway Technologies

  • Gorlitz Sewer and Drain, Inc.

  • Nilfisk

  • rigid

  • Spartan tools

For more information about this report visit https://www.researchandmarkets.com/r/cwz80x

About Tammy N. McFarlane

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