Press release
Street Cleaning Machine Market Upcoming Trends, Growth Analysis, Latest Technology by 2031 | Upsurge at a CAGR of 7.3%
Street Cleaning Machine Market
The street cleaning machine market size was valued at $730.30 million in 2021, and is estimated to reach $1.5 billion by 2031, growing at a CAGR of 7.3% from 2022 to 2031.
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The deployment of smart technologies improves cleaning performance in urban areas at the same time as optimizing costs. The countries have to maintain infrastructure to attract tourists. Thus, upcoming highway projects will surge demand for the street cleaning machine market. For instance, the Indian government approved sixteen highway projects, which is projected to cost more than US$1,157 Million. These highways is projected to connect several cities and ease the movement of people from one place to other. These types of projects are expected to spur the street cleaning machine market growth.
Various government programs help businesses start, grow and relocate to specific areas. Each country's government is taking initiatives to maintain road infrastructure. For instance, the Indian government implemented the 'Swachh Bharat' program to clean the roads and infrastructure of the country. Such instances is anticipated to boost the growth of the street cleaning machine market.
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Top Players:
The key players that operate in the street cleaning machine market are Alfred Karcher GmbH & Co. KG, Bortex Industries, Boschung Mecatronic AG, Dulevo SpA, Fayat Group, Global Environmental Products, Inc., Hako Group, Kam Avida Enviro Engineers, Schwarze Industries, Tennant Company.
KEY FINDINGS OF THE STUDY
• The report provides an extensive analysis of the current and emerging global street cleaning machine market trends and dynamics.
• Depending on product type, the ride-on truck mounted segment has dominated the street cleaning machine market, in terms of revenue in 2021 and walk behind is projected to grow at a significant CAGR during the forecast period.
• By product category, the sweepers segment has registered highest revenue in 2021.
• Europe is projected to register highest growth rate in the coming years.
• The key players within the global street cleaning machine market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the street cleaning machine industry.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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