Surpassing a valuation of US$ 3 billion by the end of 2027, the global street sweepers market is projected to grow at a value CAGR of more than 7% between 2019 and 2027. Electric street sweepers are gaining traction owing to the competitive advantage they provide such as zero emissions, high energy efficiency and less noise compared to other street sweepers.
Governments of several countries are setting up new guidelines for selection of street sweepers in order to encourage municipal corporations to enhance penetration of electric sweepers into their fleet. Use of electric street sweepers are aiding municipal corporations to reduce their carbon footprint, improve quality of air, and mitigate climate change.
As a result, demand for electric and hybrid street sweepers are projected to increase over the forecast period. In addition, leading manufacturers are also promoting and expanding their product portfolio by adding electric street sweepers which has boosted the demand for the electric street sweepers globally and which is anticipated to witness high demand growth in the foreseeable future.
For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&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.
| Product |
|
| End Use |
|
| Propulsion |
|
| Region |
|
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=4602
Key Takeaways of Street Sweeper Market
- In the Global street sweeper market, Electric Street sweepers are anticipated to grow at a value CAGR of 16.4%, valued at more than US$ 640 million by the end of forecast period (2019 – 2027).
- By product category, mechanical broom sweepers are anticipated to accumulate majority share in terms of value and are expected to grow at a value CAGR of 6.4% during the forecast period.
- Municipal corporation end use segment is projected to grow at volume CAGR of 5.9%. It is expected to create an absolute $ opportunity of more than US$ 490 million and is projected to lose 242 BPS from its market share by the end of forecast period.
- Street sweepers that are powered with diesel are anticipated to hold more than 65% market share in terms of value. They are projected to create 3.5X more opportunity than street sweepers that are powered with CNG or Gasoline.
- Europe is projected to create an absolute $ opportunity of more than US$ 300 million and it is anticipated to hold maximum share in terms of value in the global street sweeper market by the end of the forecast period.
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/4602
Innovations to Remain a Prime Growth Lever
Global street sweeper market is highly consolidated in nature. Leading manufacturers are introducing new street sweepers with enhanced capacity and fuel efficiency. Manufacturers are focusing on developing and introducing electric street sweepers in order to cater to the heavy demand from the municipal corporations. For instance, in December 2019, another market leader Elgin Sweeper Company introduced plug-in, hybrid electric version of its Broom Bear mechanical sweeper in order to cater to the high demand from its municipal customers. In June 2018, Johnston Sweepers Limited launched VE651, an electrically powered, truck mounted, street sweeper.
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/03/22/1759373/0/en/Automotive-Seat-Market-Revenues-Set-to-Reach-US-34-Bn-in-2019-Fact-MR.html
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: [email protected]
Visit Our Website: https://www.factmr.com