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Quadintel published a new report on the Compact Road Sweepers Market. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
Global Compact Road Sweepers Market is valued approximately USD $$ million in 2021 and is anticipated to grow with a healthy growth rate of more than % over the forecast period 2022-2030.
Road sweepers or sometime also known as road cleaner refers to cleaning machines to clean streets and localities in cities. These machines work on the principle of ‘Vacuum Suction’. Sweepers are equipped with central brush that transfers the waste towards the suction nozzle, and this waste is collected in a tank.
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Growing Waste management industry and increasing construction of smart cities as well as recent Collaboration activities & product innovations by leading market players are key factors driving the growth of Compact Road Sweepers market. For instance, according to Statista – in 2020, the global market for waste management was estimated at USD 1.61 trillion, and as per projections the market would increase to USD 2.5 trillion by 2030. Furthermore, in September 2021, Fayat Environmental Solutions (FES) entered in a distribution agreement with Norway based Sandhaug. Under this agreement, Sandhaug would be appointed as lead distributor for Mathieu sub-compact and compact, Ravo mid-size and Scarab truck-mounted sweepers in the country.
Moreover, in December 2021, UK based Dawsongroup Sweepers launched its new range of zero emission electric road sweeper. Also, growing urbanization in emerging markets and increasing prevalence of pollution related diseases are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, high costs associated with compact road sweeper impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Compact Road Sweepers Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to presence of leading market players and growing commercial construction in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as rising construction of smart cities, and increasing investment on waste management in the region, would create lucrative growth prospects for the Compact Road Sweepers Market across the Asia Pacific region.
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Major market players included in this report are:
Alfred Karcher SE & Co. KG
Faun Umwelttechnik GmbH & Co. KG
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Battery Operated Compact Road Sweepers
Commercial Fuel operated Compact Road Sweepers
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Furthermore, years considered for the study are as follows:
Target Audience of the Global Compact Road Sweepers Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
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The global market is forecast to witness a rapid growth, owing to increasing demand for technological advancements from end-users. Moreover, increasing investments in research and development activities, launches, partnerships, and other strategic initiatives will benefit the market. Furthermore, the growing focus of authorities towards increasing urbanization and industrialization is forecast to drive the market growth.
What is the key information extracted from the report?
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