Press release
What is the Projected Market Size & Growth Rate of the Street Sweeper Market
The rising global population necessitates environmental cleanliness, especially in urban areas, driving the growth of the street sweeper market. Consequently, the global street sweeper market is projected to grow at a stellar 7% CAGR from 2019 to 2027."Municipal corporations are responsible for maintaining city cleanliness, boosting the use of street sweepers. Additionally, major manufacturers are increasingly focusing on producing electric street sweepers. The global street sweeper market will surpass US$ 3 billion by 2027," says a Fact.MR analyst.
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Street Sweeper Market - Key Findings
Mechanical broom sweepers account for 75% of the overall market share.
Municipal corporations will remain the leading end-users of street sweepers through 2027.
North America will dominate the global street sweeper market during the forecast period.
The Asia Pacific street sweeper market is expanding due to government waste management initiatives.
Street Sweeper Market - Key Driving Factors
The rise of contagious viral diseases, such as COVID-19, is boosting the demand for street sweepers.
Increasing production of hybrid and electric vehicles is driving the growth of the electric street sweeper segment.
Emphasis on energy efficiency and zero emissions is enhancing sales of electric street sweepers.
End-use areas like airports and manufacturing industries are propelling market growth.
Technological advancements are increasing demand for mechanical street sweepers.
Street Sweeper Market - Key Restraint
Environmental concerns associated with gasoline-powered street sweepers are hindering market growth.
Impact of COVID-19 on Street Sweeper Market
While the spread of viral diseases has spurred demand for street sweepers, production has declined due to global lockdowns. Factory operations have halted, leading to a decline in market growth during the first half of 2020. Supply chain disruptions have also hampered worldwide shipments, with production facilities operating at limited capacities. Analysts predict market recovery in the first half of 2021.
๐๐๐๐ ๐๐จ๐ซ๐: https://www.factmr.com/report/4602/street-sweeper-market
Competitive Landscape
Prominent industry players include Global Environmental Products, Inc. and Duvelo International S.p.A. These companies are focusing on new product launches to maintain competitive advantage. For instance, Global Environmental Products, Inc. launched heavy-duty, fully-electric sweepers in 2019, and Duvelo International S.p.A. introduced the D.Zero2 electric street sweeper in 2018, targeting multiple end-use areas like municipal corporations and industrial applications.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=4602
Key Segments of the Street sweeper Market
Fact.MR's study on the street sweeper market offers information divided into four key segments- type of product, end use, propulsion and region.
This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
By Product :
Mechanical Broom Sweeper
Vacuum Sweeper
Regenerative Air Sweeper
By End Use :
Municipal Corporation
Industrial
Others
By Propulsion :
Diesel
Electric
CNG/Gasoline
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
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