COVID-19 Impact Analysis on Street Sweepers Market
- A street sweeper is a machine which is used to clean roads, normally in urban areas and in industrial areas such as construction companies, ports, grocery markets, cement works, and airports.
- The street sweeper is vacuum-powered, and collects litter or small amounts of leaves, grass clippings, garden debris, sticks, dirt, and gravel that passes under the vacuum head.
- Street sweepers are suitable for outdoor and indoor areas as they have a powerful internal combustion engine and hydrostatic drive. It is also designed for fast removal of heavy debris from the streets.
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Global Street Sweepers Market – Dynamics
Key Drivers of the Global Street Sweepers Market
- Increasing development of road infrastructure, combined with advances in technology (mechanization) is set to fuel the growth of the global street sweepers market.
- In addition, frequent strikes, high cost of labor, and the limited availability of human workforce across the globe is expected to enhance the demand for street sweepers over the forecast period 2019- 2027.
- Municipal authorities and project developers across the world are looking for mechanized solutions to speed up the demand for street sweepers. This is expected to boost the growth of the street sweepers market.
- Besides, industrial parks and integrated municipalities are a significant growth opportunity for the street sweepers market worldwide.
- Residential and industrial development in developed and developing countries along with increasing awareness about cleanliness are the most important factors likely to drive the street sweepers market over the next few years.
Restraints of the Global Street Sweepers Market
- Lack of awareness in small towns is expected to hamper the market growth over the forecast period. Additionally, high cost of the product is also a negative factor that can hinder the growth of the street sweepers market.
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North America to Hold Significant Share of the Global Street Sweepers Market
- North America is projected to hold a significant share of the global street sweepers market in the near future, due to improved road construction activities. This is expected to drive the market in the region during the forecast period.
- Asia Pacific has been growing significantly over the last few years due to high investments by governments to promote rapid urbanization and industrialization in the region. This in turn is projected to promote growth of the street sweepers market in the region in the near future. In addition, China is a huge potential market due to the large population. Hence, the outlook for the street sweepers market in China is expected to be positive in the coming years.
- The street sweepers market in Europe is anticipated to expand at a significant rate during the forecast period due to the high urbanization and standard of living in the region. This is expected to propel the street sweepers market in the region in the next few years.
