Industry Background:
Street sweeper is a machine that is used to clean street in urban areas. The compact street sweeper provides high power suction, increased productivity and high reliability. It is useful in cleaning crowded city center and narrow town streets. Also, its features such as compact size and short wheelbase allows to maneuver round any obstacle. Street sweepers has been deployed in the city as the waste removal and sanitation has become the priority. These factors are rising the demand of compact street sweepers.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Bucher (Switzerland), ZOOMLION (China), Elgin (United States), FULONGMA (China), Hako (Germany), FAYAT GROUP (France), Aebi Schmidt (Switzerland), Exprolink (Canada), Alamo Group (United States) and TYMCO (United States) |
According to AMA, the market for Compact Street Sweeper is expected to register a CAGR of 4.1% during the forecast period to 2027. This growth is primarily driven by Rising Urbanization is Fueling the Market Growth and Increased Productivity and High Efficiency of Compact Sweepers.
Globally, a noticeable market trend is evident Technological Advancements in Compact Street Sweepers
. The Enviromental & Waste Management sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Bucher (Switzerland), ZOOMLION (China), Elgin (United States), FULONGMA (China), Hako (Germany), FAYAT GROUP (France), Aebi Schmidt (Switzerland), Exprolink (Canada), Alamo Group (United States) and TYMCO (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Players are focusing on investment in the R&D activities to develop electric, hybrid, or CNG operated street sweepers, to make customers aware of importance of the advance technology with low environmental impact.
Key Developments in the Market:
In September 2019, Alamo group has signed an agreement to acquire Morbark LLC which is a manufacturer of equipment of forestry, tree maintenance, land management and recycling markets.
In 2020, Elgin launched Whirlwind1® Vacuum Sweeper with a regenerative air sweeper.
Compact Street Sweeper Market Dynamics:
Attributes | Details |
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Growth Drivers | - Rising Urbanization is Fueling the Market Growth
- Increased Productivity and High Efficiency of Compact Sweepers
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Influencing Trends | - Technological Advancements in Compact Street Sweepers
- Rise in demand in the construction on narrower roads
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Restraints | - High Costs Associated with the Compact Street Sweeper
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Gaps & Opportunities | - Government Initiatives are creating an Opportunity for Street Sweepers
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Compact Street Sweeper Market
- Analysis about New Entrants in Compact Street Sweeper Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Compact Street Sweeper Study Sheds Light on
The Compact Street Sweeper Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Compact Street Sweeper industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Compact Street Sweeper industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.