Residential applications are slated to depict high demand for drain cleaning equipment and this factor – coupled with consumer spending traits – is expected to moderately impact the demand for drain cleaning equipment over the forecast period.
Albany, NY -- (SBWIRE) -- 09/29/2017 -- Municipal and residential applications will contribute to increased demand for drain cleaning equipment
Of all the applications utilizing drain cleaning equipment, the municipal sector will remain a major source of revenue generation in the coming years. A growing demand for drain cleaning equipment can be witnessed in the residential sector, and this can be attributed to the increasing number of DIY activities and use of various hand tools by people in their residences. Residential applications are slated to depict high demand for drain cleaning equipment and this factor – coupled with consumer spending traits – is expected to moderately impact the demand for drain cleaning equipment over the forecast period.
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Of the various types of drain cleaning equipment, hand tools such as augers, hand spinners, plungers, and sewer tapes are likely to remain the preferred choice of equipment in the residential sector while the municipal sector is most likely to opt for power tools such as sink machines, drum machines, sectional machines, water jetter machines, and rodder machines.
Municipal application segment to remain dominant throughout the forecast period
Among the different applications of drain cleaning equipment, the municipal segment is anticipated to hold maximum revenue share of about 40% of the global drain cleaning equipment market throughout the forecast period, followed by the industrial segment at about 31%. In terms of basis point share, the municipal segment will gain 30 basis points in 2025 over 2017 and the residential segment will gain 10 basis points. The industrial segment however, is slated to lose 40 basis points in 2025 over 2017. In terms of volume, the municipal segment is pegged at 1,617 thousand units by 2017 end, and this is estimated to increase to 1,995 thousand units by the end of the forecast period in 2025, registering a CAGR of 2.7%. The municipal segment is estimated to create incremental $ opportunity of US$ 35.3 Mn during the forecast period while the industrial segment is anticipated to create incremental $ opportunity of US$ 25.8 Mn during the period of forecast.
Global Drain Cleaning Equipment Market Attractiveness Analysis by Application
With a market attractiveness index of 1.0, the municipal segment is expected to emerge as the most attractive segment by application in the global drain cleaning equipment market over the forecast period. The significant growth of the municipal segment is supported by an increasing demand for drain cleaning equipment in the municipal sector. As the drain maintenance period is fixed and requires regular maintenance, the demand for drain cleaning equipment is high in the municipal sector. The industrial segment will take the second place in terms of market attractiveness with an index of 0.8, while the residential segment will sit in the third place with a market attractiveness index of 0.7. The residential segment is expected to hold a minimal share in the global drain cleaning equipment market throughout the forecast period. However, this segment will witness a steady growth rate.
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Factors boosting the growth in demand for drain cleaning equipment
The governments of various countries have been making significant investments in the operation and maintenance of water and sewer utilities. This factor is anticipated to fuel the growth in demand for drain cleaning equipment globally. Further, in accordance with the World Health Organization directives, there is an increasing focus on providing clean sanitation facilities in the commercial as well as residential sector. This is another critical factor that will push market revenue growth in the upward direction in the coming years. Governments across the globe are focusing on developing environment friendly and economical sewage systems. These enhancements in sewage and drainage systems call for appropriate maintenance facilities, thereby boosting the market for drain cleaning equipment. Manufacturers in the global drain cleaning equipment market are focusing on strengthening their product portfolio by launching new products with new and improved features through product development initiatives, for household and commercial applications. This is expected to be a key differentiating strategy during the course of the study period.
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