According to our latest study on " Sewer Machine Market Forecast to 2030 - Global Analysis - by Product and Tanker Capacity," the market is expected to grow from US$ 74.33 million in 2022 to US$ 100.95 million by 2030; it is anticipated to record at a CAGR of 3.9% from 2022 to 2030. Apart from growth drivers, the report covers the sewer machine market trends and their foreseeable impact during the forecast period.
Further, the rising construction of smart cities and growing urbanization are other factors supporting the adoption of sewer cleaning machines across different regions. The urbanization is pushing the sewer machine market vendors to develop new and compatible products for end users to remain competitive in the market. This is further backed up by the increasing number of government initiatives for cleanliness of different cities across the world, which is further supporting the adoption of drain and sewer cleaning equipment worldwide. For instance, the government initiative such as Swachh Bharat Abhiyan aims to keep all the cities cleaner with the adoption of several cleaning technologies and installation of better sewage management systems across different cities of India.
The global sewer machine market is segmented on the basis of product, tank capacity, and geography. Based on product, the market is segmented as suction and jetting machine. By tank capacity, the market is segmented into less than 500 gallons, 500-1,300 gallons, and greater than 1,300 gallons. Geographically, the market is divided into five regions, including North America, Europe, Asia Pacific, Middle East & Africa, and South America.
American Jetter; Gapvax, Inc.; Gradall Industries, Inc.; Jack Doheny Companies; Rivard; Sewer Equipment Co. of America; Spartan Tool Inc.; Vac-con, Inc.; Vactor Manufacturing, Inc.; and Veolia are a few of the key sewer machine market players profiled during the market study. In addition to these players, several other important companies were studied and analyzed to get a holistic overview of the global sewer machine market.
Key Findings of Market Study:
China, India, South Korea, Japan, and Australia are among the key economies in APAC. The regional economy is gaining traction owing to the numerous technological and infrastructural developments. There is a robust demand for infrastructure projects in developing economies such as China and India, and Southeast Asian countries. A large population in Asia Pacific generates a huge demand for residential and commercial construction. Emerging countries are seeking efficient, highly productive, and eco-friendly drain cleaning equipment technologies.
Moreover, governments of various countries are taking several measures to attract private investments in construction and infrastructure development. For instance, in the Philippines, the government has launched a public-private partnership (PPP) program for facilitating the development of both national and local infrastructural projects. Similarly, the government of Thailand is focused on PPPs for infrastructure development. In China, the government is allocating funds for sewer systems projects. Further, the Building and Construction Authority (BCA) of Singapore had that the value of construction projects in Singapore in 2020 was around US$ 33 billion. Significant spending on waste management, including drain and sewer cleaning and maintenance, is also propelling the sewer machine market in countries such as India and China. Further, the increasing demand for wastewater products for domestic wastewater management is projected to enhance the livelihoods in the APAC. In Southeast Asia, revenues generated from wastewater by-products, such as natural fertilizers, are significantly higher than the operational costs of the wastewater systems harvesting these products.
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