Carpet sweeper

FactMR – Blackswan Real Estate

Exceeding a valuation of US$3 billion by the end of 2027, the global street sweepers market is expected to grow at a CAGR of over 7% between 2019 and 2027. Electric street sweepers are gaining traction owing to the competitive advantage they offer such as zero emissions, high energy efficiency and less noise compared to other street sweepers.

Governments in several countries are implementing new guidelines for the selection of street sweepers to encourage municipalities to increase the penetration of electric sweepers in their fleet. Using electric street sweepers helps municipalities reduce their carbon footprint, improve air quality, and mitigate climate change.

As a result, the demand for electric and hybrid street sweepers is expected 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 driven the demand for electric street sweepers globally and is expected to see strong growth in demand. in the foreseeable future.

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Top Street Sweeper Market Takeaways

  • In the global street sweepers market, electric street sweepers are expected to grow at a CAGR of 16.4%, valued at over US$640 million by the end of forecast period (2019-2027).
  • By product category, sweepers are expected to accumulate a majority share in terms of value and are expected to grow at a CAGR of 6.4% during the forecast period.
  • The municipal end-use segment is expected to grow at a volume CAGR of 5.9%. It is expected to create an absolute dollar opportunity of over US$490 million and is expected to lose 242 BPS in market share by the end of the forecast period.
  • Diesel-powered street sweepers are expected to hold over 65% market share by value. They are expected to create 3.5 times more sweeps than CNG or gasoline powered street sweepers.
  • Europe is expected to create an absolute dollar opportunity of over US$300 million and is expected to hold the 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 developing new product development strategies to meet the high demand for street sweepers around the world,” says Fact.MR analyst .

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Innovations to remain a privileged lever for growth

The global street sweeper market is highly consolidated in nature. Major manufacturers are introducing new street sweepers with improved capacity and fuel efficiency. Manufacturers are focusing on the development and introduction of electric street sweepers to meet the high demand from municipalities. For example, in December 2019, another market leader, Elgin Sweeper Company, launched a plug-in hybrid electric version of its Broom Bear mechanical sweeper to meet strong demand from its municipal customers. In June 2018, Johnston Sweepers Limited launched the VE651, a truck-mounted electric street sweeper.

Learn more about trends and similar reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/03/22/1759373/0/en/Automotive-Seat-Market-Revenues -Set-to-Reach-US-34-Bn-in-2019-Fact-MR.html

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