Mechanical Broom Sweepers Are Anticipated To Grow At A Value...| MENAFN.COM

Saturday, 10 December 2022 04:26 GMT

Mechanical Broom Sweepers Are Anticipated To Grow At A Value CAGR Of 6.4% By 2027 X Herald

(MENAFN- Ameliorate Digital Consultancy)

Latest industry analysis by Fact MR, predicts sales of Mechanical Sweeper to swell at propelled CAGR through 2031, as automotive sales gradually recover across the world. The report is intended at presenting insights into hidden growth opportunities and challenges. It also offers recommendations to help businesses to prep for unforeseen challenges.

The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.

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Global street sweepers market is projected to grow at a value CAGR of more than 7% between 2019 and 2027. High demand for environmental cleanliness in urban areas is receiving significant impetus on back of disease prevention.

The report offers actionable and valuable market insights of Mechanical Sweeper. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Street Sweeper Market across various industries and regions.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Street Sweeper market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Street Sweeper

This newly published and insightful report sheds light on Market Insights of Mechanical Sweeper, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Street Sweeper Market .

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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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New Product Launches to be the Major Market Stimulator

Market leaders in the global Mechanical sweepers market are introducing new products in order to maintain their position in the market.

Leading players are introducing electric street sweepers to cater to the rapidly growing demand for it from municipal corporation end use.

For instance, in April 2019, one of the market leaders Global Environmental Products, Inc. introduced fully electric, heavy duty street sweepers.

In May 2018, Dulevo International S.p.A. introduced its electric street sweeper D.Zero2 in the UAE in order to cater to the high demand from Middle East and Africa.

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.

“In order to minimize human interference and make the process automatic and emission free, manufacturers are strategizing new product developments to cater to the high demand for street sweepers globally” says the Fact.MR analyst

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Report Benefits & Key Questions Answered

  • Street Sweeper Company & brand share analysis : The report offers in-depth Street Sweeper brand share analysis to estimate percentage of the market covered by Tier 1, Tier 2, and Tier 3 companies
  • Street Sweeper Historical volume analysis : The report offers a comparative analysis between historic sales of Street Sweeper and projected sales performance for 2021-2031
  • Street Sweeper Category & segment level analysis : Fact MR presents a comprehensive analysis of factors enabling sales growth across key segments. It underscores chief growth drivers and offers valuable information to identify sales prospects a local and regional levels
  • Street Sweeper Consumption by demographics: To offer informed recommendation, the report studies behavior and consumption pattern of consumers. The demographics analysis is intended at helping business better understand consumer preference and design their product and market strategies around it
  • Post COVID consumer spending on Street Sweeper: The Fact MR market survey carefully studies consumer spending behavior post COVID-19. It gauges how prevailing trends have influenced their behavior, subsequently impacting their spending power

More Valuable Insights on Street Sweeper Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Street Sweeper, Sales and Demand of Street Sweeper, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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About Fact.MR

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. We have offices in US and Dublin, whereas our global headquarter is in Dubai. 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 analyzed. Reach out to us with your goals, and we'll be an able research partner.

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