Global Market Study on Drain Cleaning Equipment: Residential Application Segment to Witness Steady Growth Rate Despite Minimal Market Share During 2017 – 2025
New York, NY -- (SBWIRE) -- 02/14/2018 -- In an in-depth assessment of the global drain cleaning equipment market, Persistence Market Research forecasts the global market for drain cleaning equipment to witness sustained growth during an eight year assessment period, owing to growing demand from the municipal and residential sectors. Persistence Market Research presents useful insights into the global drain cleaning equipment market in a new report titled "Drain Cleaning Equipment Market: Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025" and highlights the historical and current market forecasts along with factors likely to impact market growth during the forecast period 2017 – 2025.
Global Drain Cleaning Equipment Market: Segmentation & Forecast
To provide a deeper understanding of the global drain cleaning equipment market, Persistence Market Research has segmented the global market on the basis of product type (hand tools, power tools), application (municipal, residential, industrial), sales channel (distributor, retail outlets, online), and region (North America, Europe, Latin America, Asia Pacific, Middle East & Africa).
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By product type, the power tools segment is expected to gain significant market share of about 71% by the end of 2025. This segment will gain an impressive 350 basis points in its market share in 2025 over 2017. The segment is slated to reach a market valuation of almost US$ 182 Mn by the end of 2025, witnessing a CAGR of 5.9%.
Among the various applications of drain cleaning equipment, the municipal segment is set to dominate the global market throughout the forecast period with a projected market valuation of US$ 104.5 Mn by the end of 2025. The industrial segment is expected to witness a steady growth in terms of value over the forecast period.
Of the different sales channels in the global drain cleaning equipment market, the distributor segment will hold maximum revenue share of about 52% throughout the duration of the forecast period. The online segment is expected to gain a significant 170 basis points in 2025 over 2017.
Among regions, the North America drain cleaning equipment market is projected to remain dominant throughout the forecast period, estimated to hold a consistent value share of about 39% during the forecast period. Europe is expected to hold the second position with about 28% value share by the end of the forecast period in 2025.
North America is anticipated to represent incremental $ opportunity of US$ 32.7 Mn during the period of forecast. The drain cleaning equipment market in Europe is expected to witness a steady growth in demand over the study period. In terms of market attractiveness, North America and Europe will continue to remain the most attractive regional markets for drain cleaning equipment during the eight year period 2017 – 2025.
Global Drain Cleaning Equipment Market: Competitive Intelligence
The report profiles some of the top companies operating in the global drain cleaning equipment market such as Mosco Corp., General Wire Spring Co., GT Water Product Inc., Electric Eel Manufacturing Co Inc., Gorlitz Sewer & Drain Inc., Spartan Tools LLC, Duracable Manufacturing CO, Ridgid Inc., Goodway Technologies Corp., Rioned UK Ltd., ROTHENBERGER Werkzeuge GmbH, Kam-Avida Enviro Engineers Pvt., Ltd., Asada Corporation, Lavelle Industries, Inc., Albert Roller GmbH & Co KG, Ken-Way Corporation, and Amsse Products India. The global drain cleaning equipment market is mostly consolidated with the prominent players holding about 40% share in the overall market in 2016. According to Persistence Market Research analysis, the global drain cleaning equipment market will witness the prominence of leading players mostly based in North America. While the Europe market will be marked by the presence of some regional players, Asia Pacific and Latin America will witness the dominance of several unorganized market players.
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About Persistence Market Research
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated re-search, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Con-sumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.