The drain cleaning equipment market is likely to reach a CAGR of 6.0% during the forecast period. The market is projected to be valued at USD 234.6 million in 2022 and is likely to be valued at USD 418.9 million by 2032. Previously, the industry thrived at a CAGR of 5.1% during the historic period from 2016 to 2021. Factors majorly persuading the market expansion are:
Report Attribute | Details |
---|---|
Drain Cleaning Equipment Market Value (2022) | USD 234.6 Million |
Drain Cleaning Equipment Market Anticipated Value (2032) | USD 418.9 Milion |
Drain Cleaning Equipment Projected Growth Rate (2032) | 6.0% |
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The drain cleaning equipment market is now dominated by North America. The primary forces driving the development of the real estate industry include an increase in the building of residential, commercial, retail, and hotel units. Additionally, the region is anticipated to draw a large number of attractive business possibilities to maintain and clean its strong drainage systems throughout several highly populated areas. The North American drain cleaning equipment market is anticipated to expand at a respectable CAGR during the projected period to help meet the rising need for infrastructure.
The United States has made access to clean water a national priority since the early 1970s. The Federal Water Pollution Control Act gave the United States Environmental Protection Agency (EPA) and equivalent state agencies the power to control activities that harm the nation's water resources. A comprehensive national water strategy and a national objective to end pollutant discharge into navigable waterways were created under the Federal Water Pollution Control Act. Government initiatives to protect healthy waterways and effective sewage systems are thus anticipated to support the market expansion.
The USA has one of the most developed infrastructures in the world, while Canada also has a sophisticated infrastructure. However, as the automotive and aerospace industries in the nation continue to expand, Mexico is seeing rapid growth in the construction of its infrastructure. As a result, the country's infrastructure sector has grown more rapidly.
Better transportation networks, including road, rail, air, and marine gateways, are now required. The Mexican Chamber of Construction Industry claims that due to the government's recent structural reforms, the country's construction sector may grow by 4% to 5% annually. Production has been hampered by unstable financial markets, low oil prices, and external macroeconomic variables.
There are several major participants in the drain-cleaning equipment market. To increase their market share and diversify their clientele, these market participants are implementing a variety of growth methods, including new product releases and partnerships. For instance, Samsung Electronics introduced the new JetBot 90 AI+ in January 2021. It is the first intelligent robotic vacuum powered by Intel AI.
Currently, a sizeable number of participants that work in the drain cleaning equipment market provide a wide selection of goods that are operated manually, with fuel, or electrically and help clean drainage systems. Market participants have made large investments in adopting cutting-edge technology, leveraging the need for intelligent, effective drain-cleaning equipment. Pumps made specifically for uses like cleaning probes have been made available by certain major companies.
Not only the leading market players but also several governments are taking initiatives to develop new equipment to deal with the drainage system. For instance, in order to clear sludge from a partially choked pipe in Delta 2, the Greater Noida Industrial Development Authority (GNIDA) introduced a robot machine in August 2020.
Previously, the industry thrived at a CAGR of 5.1% during the historic period 2016-2021. The demand for drain cleaning equipment is rising for the preservation of water, wastewater, and sewer utilities. However, retaining the drainage and piping system is not an easy task. Therefore, the adoption of drain-cleaning equipment is one of the most valuable but often overlooked aspects of health facilities.
A global study on the drain cleaning equipment market explains that numerous materials can cause drainage blockage, and this blockage may be hard to acquire, making removal difficult. Drain cleaning equipment aids in the removal of blockages in areas and clearing the drainage system. This is an easy method to solve through this equipment which is anticipated to increase the drain cleaning equipment market share.
On the other hand, drain cleaning equipment consists of both hand tools and power tools. One common misperception about drain cleaning equipment is that one machine can handle all drain issues. However, this is not the case, as there are several issues at various locations and in various sizes of systems. Consequently, different equipment has been developed to solve various issues effectively and is likely to increase the sales of drain cleaning equipment in recent years.
The drain cleaning equipment market survey explains that one of the key factors driving drain cleaning equipment requirements during the forecast period is significant investments by state and federal governments in the operation and maintenance of water, wastewater, and sewer utilities.
According to an American Society of Civil Engineers (ASCE) survey, the quantity of wastewater treatment plants is likely to rise substantially in the coming year. Due to these target markets, the drain cleaning equipment segment is expected to rise significantly during the foreseen time, expanding the drain cleaning equipment market size.
The high cost of power drain cleaning equipment restricts its use in commercial applications. Traditional hand tools, such as plungers and augers, are usually observed in household applications, owing to their low cost, which leads to the high penetration of these products. These factors are propelling the drain cleaning equipment market's growth in recent years.
The drain cleaning equipment market report states that advanced drain cleaning power tools such as drum machines, sectional machines, sink machines, and water jetters are capable of a wide range of operating conditions. These machines are simple to use in a residential area and are limited due to their high cost. However, renting out drain cleaning equipment is trendy these days.
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North America leads the global market for drain cleaning equipment by expected to secure nearly 31% of the share during the forecast period. Due to rising government support and investments in implementation & development, the drain cleaning equipment market size has been growing in recent years.
Drain cleaning equipment market analysis explains that the United States is a leading country in North America that dominates the market during the forecast period. The region is expected to attract a plethora of lucrative business opportunities to maintain and clean its robust drainage systems in various densely populated cities.
The growing young adult population has exploded the demand for residential complexes in many developing cities and towns. The primary factors driving the development of the US real estate market are an upsurge in the construction of housing, commercial, retail, and hospitality units. This fuels the sales of drain cleaning equipment.
Some of the leading companies operating in the North American drain cleaning equipment market are Aussie Pumps, Duracable Manufacturing Company, Electric Eel Manufacturing Co.In, Flowplant Group Limited, General Pipe Cleaners, and Goodway Technologies.
Drain cleaning market regional analysis suggests that Europe is the fastest growing region in the drain cleaning equipment market share, acquiring 27% of the share during the forecast period. Rising housing demand is one of the foremost drivers of growth in Europe's construction sector. Germany and the United Kingdom are experiencing exponential growth in their construction sectors, fueling the demand for drain-cleaning equipment.
For example, the Italian government has taken initiatives to boost the growth of public and private infrastructure investment. The Italian government is offering tax breaks and low mortgage interest rates to stimulate the country's residential construction recovery. Moreover, the government of Spain furnished subsidiaries and grants for the renovation and construction of rental houses. As a result, the market for drain-cleaning equipment is expected to expand in tandem with the construction sector.
The high proportion of start-ups in drain cleaning equipment has optimized product quality and enhanced global sales. Furthermore, to achieve a competitive upper hand, new start-ups are operating on novel progressions and introducing new products such as:
The key players are contributing roles in the market growth by embracing several skillful methods such as mergers, partnerships, collaborations, and others. These players are developing products as per customers' requirements which directly increases the market growth in coming years. Competitors work on problem-solving skills along with the long price range to target multi-class
Recent Developments
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 6.0% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2017 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD million and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Application, Product Type, Sales Channel, Region |
Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
Key Countries Profiled | United States of America, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC Countries, South Africa |
Key Companies Profiled | Masco Corp; DURACABLE; Gorlitz Sewer & Drain, Inc; General Wire Spring Co.; Electric Eel Manufacturing Co Inc; Spartan Tools LLC; Duracable Manufacturing CO; Rothenberger USA LLC; Goodway Technologies Corp.; GT Water Products Inc |
Customization | Available Upon Request |
The growth outlook of the drain cleaning equipment market is predicted to advance at a CAGR of 6.0% from 2022 to 2032.
North America is anticipated to lead the drain-cleaning equipment market during the forecast period.
The drain cleaning equipment market is likely to hold a valuation of USD 418.9 Million by 2032.
The residential sector is the key driver in the drain-cleaning equipment market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2016 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Product Type 5.1. Hand Tools 5.1.1. Auger 5.1.2. Hand Spinners 5.1.3. Plunger 5.1.4. Sewer Tapes 5.2. Power Tools 5.2.1. Sink Machines 5.2.2. Drum Machines 5.2.3. Sectional Machines 5.2.4. Water Jetters 5.2.5. Rodder Machines 6. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Application 6.1. Municipal 6.2. Residential 6.3. Industrial 7. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Sales Channel 7.1. Distributor Sales 7.2. Retail Outlet 7.3. Online Sales 8. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East and Africa 9. North America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 12. Asia Pacific Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 13. Middle East and Africa Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Masco Corp 16.2. Duracable Manufacturing Co. 16.3. Gorlitz Sewer & Drain Inc 16.4. General Wire Spring Company 16.5. Electric Eel Manufacturing Co Inc 16.6. Spartan Tools LLC 16.7. Rothenberger USA LLC 16.8. Goodway Technologies 16.9. GT Water Products Inc. 16.10. Roto-Rooter Plumbing & Drain Service 17. Assumptions & Acronyms Used 18. Research Methodology
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