Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1618.3 Million | USD 2735.5 Million | 6.95% | 2023 |
The global drain cleaning equipment market size was worth around USD 1618.3 Million in 2022 and is predicted to grow to around USD 2735.5 Million by 2030 with a compound annual growth rate (CAGR) of roughly 6.95% between 2023 and 2030.
The report analyzes the global drain cleaning equipment market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the drain cleaning equipment industry.
The drain cleaning equipment industry refers to the stakeholders involved in the production, designing, and distribution of equipment and devices necessary for maintaining and cleaning drainage systems of commercial, residential, or industrial settings. These devices are crucial to preventing blockages, clogs, and any kind of backups in drainage systems or pipes which can over time lead to disruptions in daily operations or costly repairs. The demand in the industry is driven due to several factors including increasing emphasis on better maintenance of sewage and drainage systems and rapid urbanization. The market includes a wide range of devices and equipment like hydro-jetting machines, drain snakes, root cutters, drain cameras, and many more. It is also full of many players making it intensely competitive which is further witnessing the addition of new players offering a variety of products with additional features and functionality. During the forecast period, the industry is expected to register high growth but it may also come across multiple challenges and restrictions.
Growing urbanization rate to propel market demand
The global drain cleaning equipment market is expected to witness a high CAGR owing to the increasing rate of urbanization observed across the world. When the general population moves from rural locations to urban regions for better education, the standard of living, and higher facilities, the trend is referred to as urbanization. With the growing rate of job opportunities along with a rising number of dual-income families, many people are now seeking to stay in regions that can offer them higher comfort. In addition to this, many country leaders are investing in systems and technologies that can help them improve the living conditions of other wide rural areas. As the investment toward infrastructure development is expected to grow in the coming years. The demand for drain cleaning equipment is likely to witness more consumers. Furthermore, the rising adoption of smart cities and smart buildings could cause a higher rate of growth since they require advanced drainage management systems.
High cost of initial investment to restrict the market growth
Advanced drain cleaning equipment and pieces of machinery are expensive and can cost thousands of dollars. In addition to this, there is a significant lack of availability of labor required to operate the machines. This could act as an additional barrier for small or medium-sized players to enter the market. Furthermore, the market is highly competitive since it is already home to some of the most established players along with the consistent entry of new players. High dependence on end-user verticals is a major drawback of the industry since its growth relies on the growth of the ultimate using industries like the construction sector.
Growing demand for eco-friendly solutions to provide growth opportunities
With the growing rate of consumption in the global drain cleaning equipment industry, there is a significant rise in interest in equipment and devices that make use of eco-friendly sanitation solutions leading to lesser consumption of water and other resources. This trend is expected to provide the players with better expansion and growth opportunities. Moreover, the rising rate of partnerships and collaborations between industry players and end-user verticals may work in the favor of the industrial CAGR as they get access to newer and unexplored market segments.
Rising economic uncertainty to challenge market growth
There are growing conversations around the incoming recession period across the globe along with higher economic uncertainty after the recession period is over. This could act against the drain cleaning equipment industry players as many projects or collaborations may face a dearth of economic slow-down in the next few years. The growing rate at which technology used in the industry is changing can cause multiple players to fall back as they may find it difficult to keep up with the evolving market structure.
The global drain cleaning equipment market is segmented based on product type, application, sales channel, and region.
Based on product type, the global market segments are power tools and hand tools. In 2022, the power tools segment registered the highest growth since their impeccable design can be used for clean drains more efficiently and at a faster rate. It is also easy to remove stubborn blockages using power tools. The quality of output delivered by power tools is better than hand tools since they require more human intervention and manual labor. Some examples of hand tools include wrenches, pliers, and augers but they may not be effective in cleaning difficult blockage incidents. However, their application is still high in segments that cannot be accessed by power tools. The cost of electric eels used for drain cleaning is between USD 500 to USD 2000.
Based on application, the global market divisions are industrial, municipal, and residential.
Based on the sales channel, the global market is segmented into distributor sales, online sales, and retail outlets. The industry witnessed the highest growth in the online sales and distributor sales segments in 2022. In this section, the responsibility of the marketing and sales of the equipment is with the assigned network of distributors that are in direct contact with the end-users. In recent years, the popularity of online sales has grown multifold since it offers higher options to buyers and a larger consumer database to sellers. Duracable, one of the leading companies in the market generated USD 6.6 million in revenue in recent times.
Report Attributes | Report Details |
---|---|
Report Name | Drain Cleaning Equipment Market Research Report |
Market Size in 2022 | USD 1618.3 Million |
Market Forecast in 2030 | USD 2735.5 Million |
Growth Rate | CAGR of 6.95% |
Number of Pages | 198 |
Key Companies Covered | Spartan Tool, LLC, Ridgid Tool Company, Duracable Manufacturing Co., General Wire Spring Company, Cam Spray, Electric Eel Manufacturing Co., Inc., Milwaukee Tool, Gorlitz Sewer & Drain, Inc., Insight Vision Cameras, Rothenberger USA, Goodway Technologies Corp., RapidView LLC, MyTana Manufacturing, General Pipe Cleaners, BrassCraft Manufacturing Company, Water Cannon, Inc., Vactor Manufacturing, Inc., Rom Industrial Products, Inc., and others. |
Segments Covered | By Product Type, By Application, By Sales Channel, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2016 to 2020 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to maintain dominance
The global drain cleaning equipment market is expected to witness the highest growth in North America due to the presence of global industry leaders in the US. The region along with Canada pays heavy emphasis on sanitation work around the regional territories. The segment is one of the most advanced and well-funded units as compared to many other regions. As the demand for more efficient drain cleaning solutions is on the rise, especially in industrial and commercial segments, higher regional growth can be expected. Growth in Europe is a result of being home to one of the world’s most well-established draining and sanitation systems across the globe. The rising awareness about hygiene and cleanliness is an added factor for regional expansion. Rapid industrialization, increased urbanization, and growing investments in sanitation infrastructure could act as growth drivers in Asia-Pacific.
The global drain cleaning equipment market is led by players like:
By Product Type
By Application
By Sales Channel
By Region
FrequentlyAsked Questions
The industry refers to the stakeholders involved in the production, designing, and distribution of equipment and devices necessary for maintaining and cleaning drainage systems of commercial, residential, or industrial settings.
The industry refers to the stakeholders involved in the production, designing, and distribution of equipment and devices necessary for maintaining and cleaning drainage systems of commercial, residential, or industrial settings.
According to study, the global drain cleaning equipment market size was worth around USD 1618.3 million in 2022 and is predicted to grow to around USD 2735.5 million by 2030.
The CAGR value of the drain cleaning equipment market is expected to be around 6.95% during 2023-2030.
The global drain cleaning equipment market is expected to witness the highest growth in North America due to the presence of global industry leaders in the US.
The global drain cleaning equipment market is led by players like Spartan Tool, LLC, Ridgid Tool Company, Duracable Manufacturing Co., General Wire Spring Company, Cam Spray, Electric Eel Manufacturing Co., Inc., Milwaukee Tool, Gorlitz Sewer & Drain, Inc., Insight Vision Cameras, Rothenberger USA, Goodway Technologies Corp., RapidView LLC, MyTana Manufacturing, General Pipe Cleaners, BrassCraft Manufacturing Company, Water Cannon, Inc., Vactor Manufacturing, Inc., Rom Industrial Products, Inc., and others.
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