Mechanical Broom Sweepers Are Anticipated To Grow At A Value CAGR Of 6.4% By 2027

Surpassing a valuation of US$ 3 billion by the end of 2027, the global street sweepers market is projected to grow at a value CAGR of more than 7% between 2019 and 2027. Electric street sweepers are gaining traction owing to the competitive advantage they provide such as zero emissions, high energy efficiency and less noise compared to other street sweepers. Governments of several countries are setting up new guidelines for selection of street sweepers in order to encourage municipal corporations to enhance penetration of electric sweepers into their fleet. Use of electric street sweepers are aiding municipal corporations to reduce their carbon footprint, improve quality of air, and mitigate climate change. As a result, demand for electric and hybrid street sweepers are projected to increase over the forecast period. In addition, leading manufacturers are also promoting and expanding their product portfolio by adding electric street sweepers which has boosted the demand for the electric street sweepers globally and which is anticipated to witness high demand growth in the foreseeable future.

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Key Takeaways of Street Sweeper Market

In the Global street sweeper market, Electric Street sweepers are anticipated to grow at a value CAGR of 16.4%, valued at more than US$ 640 million by the end of forecast period (2019 - 2027).
By product category, mechanical broom sweepers are anticipated to accumulate majority share in terms of value and are expected to grow at a value CAGR of 6.4% during the forecast period.
Municipal corporation end use segment is projected to grow at volume CAGR of 5.9%. It is expected to create an absolute $ opportunity of more than US$ 490 million and is projected to lose 242 BPS from its market share by the end of forecast period.
Street sweepers that are powered with diesel are anticipated to hold more than 65% market share in terms of value. They are projected to create 3.5X more opportunity than street sweepers that are powered with CNG or Gasoline.
Europe is projected to create an absolute $ opportunity of more than US$ 300 million and it is anticipated to hold maximum share in terms of value in the global street sweeper market by the end of the forecast period.
"In order to minimize human interference and make the process automatic and emission free, manufacturers are strategizing new product developments to cater to the high demand for street sweepers globally" says the Fact.MR analyst

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Key Segments of the Street sweeper Market
Fact.MR's study on the street sweeper market offers information divided into four key segments- type of product, end use, propulsion and region.

This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

By Product :

Mechanical Broom Sweeper
Vacuum Sweeper
Regenerative Air Sweeper

By End Use :

Municipal Corporation
Industrial
Others
By Propulsion :
Diesel
Electric
CNG/Gasoline

By Region :

North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

New Product Launches to be the Major Market Stimulator

Market leaders in the global street sweepers market are introducing new products in order to maintain their position in the market.

Leading players are introducing electric street sweepers to cater to the rapidly growing demand for it from municipal corporation end use.

For instance, in April 2019, one of the market leaders Global Environmental Products, Inc. introduced fully electric, heavy duty street sweepers.

In May 2018, Dulevo International S.p.A. introduced its electric street sweeper D.Zero2 in the UAE in order to cater to the high demand from Middle East and Africa.

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After gleaning through the report, market participants and readers get a detailed exposure on various growth dynamics under these board sections.

Macroeconomic and microeconomic assessment of Street Sweeper Market and industries that influence its growth trajectories.
SWOT and PESTLE analysis of key companies of the Street Sweeper Market.
Analysts' views on new avenues
Key impediments faced by market players in an expansion
Competitive landscape
Profile of prominent players
Shares and Size of various product and/or application segments
Key challenges to innovations
Imminent investment pockets

The Fact.MR's study offers a holistic approach to understanding the key avenues and growth prospects. Among the vast range of insights, including the massive effect of COVID-19, it takes a closer look at the following aspects of growth. All this helps the interested market participants to make a difference.

Which is the fasted growing region and will the region also be the top revenue generator to the Street Sweeper Market by the end of 2029?
What changes in regulations and government policies will make the most impact on the future?
Which are the product segments that are most likely to witness demand plateauing?
Which are the most sluggish regions in the Street Sweeper Market and what consumer trends will sustain the growth momentum?
Which new growth trends will attract new players to invest consistently in the Street Sweeper Market over the next 10 years?
Which companies will engage in major deals and partnerships of the market during the forecast period?
Which product types will witness prominent investments in research and developments and whether these activities will be of international nature?

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