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.
Albany, NY -- (SBWIRE) -- 10/13/2017 -- "Drain Cleaning Equipment Market: Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025," is the new publication that has been added in the database of Market Research Reports Search Engine (MRRSE). According to this report there is a huge number of presence of regional players in the global drain cleaning equipment market and the market is continue to grow throughout the projected period. One of the major factors that is contributing in the development of the worldwide market for drain cleaning equipment is remarkable investment by various governments in the maintenance and operation of sewer utilities and water. This report tracks the worldwide market for drain cleaning equipment market for eight years, i.e. between 2017 and 2025.
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Global Drain Cleaning Equipment Market- Drivers
Factors boosting the development of the worldwide market of drain cleaning equipment are as follows
Emphasis on offering clean facilities of sanitation in the residential and also in commercial sector
Various initiatives taken by governments by investing huge amount of funds in sewer utilities and maintenance and operation of water
Government across the world are taking initiatives by focusing on the development of economical and environmental friendly system of sewage
Launching of new and innovative products with enhanced and improved features
Global Drain Cleaning Equipment Market- Segmental Analysis and Forecast
To give the crystal clear picture of an entire market to the clients, this report has segmented this market into product type, application, sales channel and Region. The product type segment is further segmented into power tool and hand tool. With around 71% revenue share, the power tool segment is likely to dominate the market. During the projected period, this segment is expected to achieve basic point of 350 in market share. With robust CAGR of 5.9%, this segment is estimated to touch nearly US$ 182 Mn by 2025 end.
The application segment is consists of residential, industrial and municipal. Between all these segments, municipal segment is likely to keep a hold over global drain cleaning equipment market during assessed period. At the end of projected period, i.e. 2025 this segment is likely to be valued US$ 104.5 Mn. Steady growth will be shown by industrial segment during forecasted period.
Sales channel segment includes online, distributor and retail outlets. Distributor is the biggest segment in the global market for drain cleaning equipment that captures around 52% revenue share between 2017 and 2025.
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Between regions, North America is likely to dominate the market with around 39% market share through projected period. With nearly 28% revenue share, Europe is expected to hold second position in the market in 2025. Considering the market attractiveness, Europe and North America are likely to be most attractive regions during eight years of projection period.
Global Drain Cleaning Equipment Market- Competitive Landscape
Duracable Manufacturing CO, Kam-Avida Enviro Engineers Pvt., Ltd., Amsse Products India, Rioned UK Ltd., General Wire Spring Co., ROTHENBERGER Werkzeuge GmbH, Mosco Corp., Ken-Way Corporation, Spartan Tools LLC, Goodway Technologies Corp., Asada Corporation, GT Water Product Inc., and Electric Eel Manufacturing Co Inc. are some of the key companies covered in this report.
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