Global Street Sweeper Market growing at a CAGR of 4.1% from 2023 to 2030
Category : Machinery and Equipment | Published Date : Jul 2023
Key Market Overview
Consegic Business Intelligence analyzes that the global street sweeper market is growing with a CAGR of 4.1% and is expected to reach USD 5,020.25 million in 2030 from USD 3,663.58 million in 2022.
The report highlights the rise in regulations that require regular street sweeping to meet certain cleanliness standards, leading to a surge in demand for street sweepers. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the Street sweeper market.
Global Street Sweeper Market By Overview
The street sweeper market is bifurcated into product type and end user. Based on product type, the market is segmented into mechanical broom sweeper, regenerative-air sweeper, and vacuum sweeper. The mechanical broom sweeper segment accounted for the highest market share in the street sweeper market. On the basis of end user, the market is segmented into commercial, municipal, industrial, and others. In 2022, the municipal segment accounted for the highest market share in the overall street sweeper market.
Get Free SampleMarket Dynamics
Driver:
- Growing public health concerns has augmented the demand for street sweepers.
- Rise in implementation of government regulations towards environmental sustainability.
Restraints:
- Infrastructure limitations may make the use of street sweepers challenging.
- High initial cost of street sweepers is likely to hinder the market growth.
Opportunity:
- Advancements in sensor technologies and artificial intelligence is anticipated to fuel the street sweeper market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Product Type | Mechanical Broom Sweeper, Regenerative-air Sweeper, and Vacuum Sweeper |
| By End User | Commercial, Municipal, Industrial, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Global Environmental Products, FAYAT Group, and BUCHER have a strong market position in current market circumstances. Further, the street sweeper market is expected to witness significant growth in the coming years due to the rise in the implementation of government regulations towards environmental sustainability. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- Global Environmental Products
- BUCHER
- FAYAT Group
- Aebi Schmidt Group
- Piquersa Maquinaria, S.A.
- Nilfisk Group
- Hako Machines Ltd
- Çeksan
- Alamo Group Inc.
- FULONGMA GROUP Co., Ltd.
- Alfred Kärcher SE & Co. KG