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. 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.
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.
An in-depth analysis of the global drain cleaning equipment market reveals the presence of a large number of regional players and this trend is likely to continue in the next eight years. In a new report titled “Drain Cleaning Equipment Market: Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025,” Persistence Market Research presents a comprehensive analysis of the global drain cleaning equipment market over a historical period 2012 – 2016 and uses this empirical data to estimate the global market value and volume projections over an eight year forecast period 2017 – 2025.
One of the highlights of the report is a dedicated section on the global market view point that explains the macro-economic factors impacting revenue growth of the global drain cleaning equipment market. These factors include global GDP growth outlook, global population growth outlook, global urban population growth outlook, household final expenditure growth, and market growth comparison against major growth driving factors. A market opportunity analysis based on these factors concludes this section. The main sections of the report focus on the global drain cleaning equipment market analysis and forecast by product type, application, sales channel, and region. These sections include market volume projections, market size and Y-o-Y growth, absolute $ opportunity analysis, and value chain analysis. The relevance and impact of various forecast factors and forecast assumptions is also covered here.
Another part of the report focuses on the analysis and forecast of the various regional drain cleaning equipment markets. These regional sections highlight the regional pricing structure of drain cleaning equipment, regional market dynamics including drivers, restraints, and trends, and a historical and current market forecast in terms of both value and volume growth for the various assessed regions. Impact analysis of regional drivers and restraints along with regional market attractiveness analysis for the different segments completes these sections.
Competition analysis is a critical component of all Persistence Market Research reports and this report on the drain cleaning equipment market comprises a dedicated section on the competitive landscape present in the global market. This section covers the market structure, market share analysis of the key players dominating the global drain cleaning equipment market, and a competition dashboard that gives a bird’s eye view of the top market players. Persistence Market Research also profiles these leading market players in this section, giving detailed information on the company overview, financials, business and market expansion strategies, and recent developments in the global drain cleaning equipment market. This section is intended to provide a panoramic view of the vendor ecosystem of the global drain cleaning equipment market.
By Product Type
By Sales Channel
Persistence Market Research’s comprehensive analysis and forecast of the global drain cleaning equipment market is underpinned by a robust research methodology that is a proven and tested system adopted in all our research reports. Our systematic research approach incorporates market profiling where in-depth secondary research is leveraged to arrive at the overall market size, top industry players, top products, industry associations, etc.; formulation of a discussion guide and developing a list of respondents for extensive primary research; data collection from both primary and secondary sources; data validation using the triangulation method; data analysis using advanced company tools; and final data scrutiny to derive pertinent and in-depth qualitative and quantitative insights into the global drain cleaning equipment market.