ACCESS Newswire
07 Apr 2020, 19:07 GMT+10
Premier companies in street sweeper market must engage in product launch activities aimed at improving the sustainability aspect of business to sustain their hegemony in the market.
ROCKVILLE, MD / ACCESSWIRE / April 7, 2020 / Rising global population necessitates the demand for environmental cleanliness, particularly in urban areas. This in turn is impelling the growth of street sweeper market. On that premise, the global street sweeper market is poised for stellar growth at approximately 16.4% CAGR over the forecast period (2019-2027).
'Municipal corporations are in-charge of maintaining the clean surroundings across the city, which is driving the usage of street sweepers. Moreover, major manufacturers are increasingly inclining towards producing electric street sweepers. The global street sweeper market will exceed US$ 1.3 Bn by 2027,' says a Fact.MR analyst.
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Street Sweeper Market - Key Findings
Street Sweeper Market - Key Driving Factors
Explore 70 tables and 118 figures of the study. Request TOC of the report at-
https://www.factmr.com/report/4602/street-sweeper-market
Street Sweeper Market - Key Restraint
Impact of COVID-19 on Street Sweeper Market
Even though the prevalence of infectious viral diseases spurs the production of street sweeper market, the production will plummet in view of ongoing lockdowns across the globe. Similar to other industries, factories which produce street sweepers have halted their operations. Lockdowns are compelling factory workers and consumers to stay indoors. Hence, the global street sweeper market will witness a steep decline in growth during the first half of 2020 and possibly during the later-half.
The supply chain disruptions spurred by COVID-19 is hampering the worldwide shipments of street sweepers. Hence, production facilities are operating in limited capacities thereby slowing the growth of market. Analysts suggest that the street sweeper market will recover during the first half of 2021.
Competitive Landscape
Some of the industry leaders profiled in this Fact.MR study include, but are not limited to, Global Environmental Products, Inc., and Duvelo International S.p.A. Prominent players continue to prioritize new product launches for unassailable competitive ascendancy. For instance, many companies have introduced electric street sweepers in the market. These new products are intended for multiple end-use areas such as Municipal Corporation and other industrial applications. For instance, Global Environmental Products, Inc. launched heavy duty, fully-electric sweepers in 2019. On the other hand, Duvelo International S.p.A. launched D.Zero2, an electric street sweeper in 2018.
About the Report
This 170-page study offers in-depth commentary on the street sweeper market. The study provides compelling insights on the street sweeper market on the basis of product (mechanical broom sweeper, vacuum sweeper, and regenerative air sweeper), end use (Municipal Corporation, industrial), propulsion (diesel, electric, CNG/gasoline) across six regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, Middle East & Africa).
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About Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the veteran research team at Fact.MR helps clients from across the globe with their unique business intelligence requirements. With a repository of over thousand reports and 1 million+ data points, the team has scrutinized the Automotive industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Fact.MR's automotive market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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SOURCE: FactMR
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