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Drain Cleaning Equipment Market in North America Market is anticipated to record a valuation In 2030, a recent study
The North America Drain Cleaning Equipment Market was valued at US$ 530.98 million in 2022 and is expected to reach US$ 937.03 million by 2030; it is estimated to register a CAGR of 7.4% from 2022 to 2030.Get Exclusive Sample PDF @: https://www.businessmarketinsights.com/sample/BMIRE00025101?utm_source=OpenPr&utm_medium=10640
Urbanization is the concentration of human populations in distinct locations. This concentration results in the conversion of land for residential, commercial, industrial, and transportation use. Continuously growing population and improvement in economic conditions are the key factors behind the urbanization globally. As per the data published by the United Nations in 2022, the world's population is predicted to grow by over 2 billion people in the next 30 years, from 8 billion in 2022 to 9.7 billion in 2050. Such a surge in the global population has directly and positively affected urbanization trends. According to the updated list of urban areas provided by the United States Census Bureau in December 2022, the US urban population increased by 6.4% between 2010 and 2020. Urban areas have become denser as a result of urbanization, with an average population density rising from 2,343 in 2010 to 2,553 in 2020.
Analysis of the Top Market Players:
1. Duracable Manufacturing Co
2. Electric Eel Manufacturing Co Inc
3. Flowplant Group Ltd
4. Gator Drain Tools
5. Goodway Technologies Corp
6. Gorlitz Sewer & Drain Inc
7. Nilfisk Holding AS
8. RIDGID Inc
9. Spartan Tool LLC
In this report, the market has been segmented on the basis of:
Product [Hand Tool (Snake, Auger, Plunger, and Others)
Sink Machines, Sectional Machines, Rodders, Jetters (Cart Jetters, Skid Mounted Jetters, and Trailer Jetters)
Push Rod Camera, Locating Equipment, Flexible Shaft Machine, and Drum/Continuous Cable Machine]
Sales Channel (Online, Retail, and Distributors)
Power Source (Hand Operated, Fuel Powered, Gas Powered, and Electric)
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APAC As per the data published by the United States Census Bureau 2023, in 2023, 1,469,800 building permits were issued. Owing to the growth in the total number of residential constructions, the need for effective drain systems increased, directly affecting the adoption of drain cleaning equipment positively.
North America Drain Cleaning Equipment Market Overview
North America is at the forefront of technology development and adoption. Thus, the development and adoption of drain cleaning equipment are more common than in other regions. The U.S. is one of the largest economies globally, with highly developed infrastructure. Mexico is experiencing an increase in its infrastructure development owing to the rapid growth of automotive and aerospace sectors in the country. According to the Mexican Chamber of Construction Industry, with the government's recent structural reforms, Mexico's construction industry can expand by 4-5% annually. The growth of the construction industry in Mexico will directly expand the drainage network, ultimately increasing the demand for drain cleaning equipment.
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