According to this new research study on “Sewer cable Market Forecast to 2028 - COVID-19 Impact and Global Analysis,” the market is expected to grow from US$ 86.06 million in 2021 to US$ US$ 109.16 million by 2028; it is estimated to grow at a CAGR of 3.5% from 2021 to 2028.Sewer Cable Market is expected to reach US$ 109.16 million by 2028
Emergence of High-Speed Cable Drain Cleaning to Favor Sewer Cable Market Growth
High-speed cabling equipment was developed in response to their increasing demand, and it is undergoing continuous evolution in the drain cleaning business as more customers use it to clear a wide range of sewage obstructions. High-speed cables were initially designed for descaling pipes. Traditional drain cleaning cables spin at rotational speeds of 240-300 RPMs, which weren't fast enough to remove cast iron pipe walls. Cleaning jobs took days, which led to the notion among drain cleaning specialists that ripping through the walls and replacing the line would be cheaper and faster. While the pipes could be opened and drained again using jetting equipment, the scale would build up in a short period, putting the client back where they started. The pipes needed to be cleaned to a greater level of cleanliness than jetting or standard cabling could provide. The industry resorted to the HVAC business, which included cleaning tubing that contained massive heat exchangers and had a chemical buildup on the tubing's walls. This wrapped wire rope in a flexible conduit, allowing them to drive the cable rope at a more excellent pace and wipe the scale off the tube using speed rather than torque. These approaches worked well for short chiller and cooling tower tubes, but the assemblies were heavy while motors needed a huge drive source to withstand the weight on these short cables. The objective was to develop more robust cables that were both less in weight and lighter material to house the cables in to be spun with smaller motors like hand drills. The earlier cables were unhoused and powered by off-the-shelf two-speed hammer drills. Using them in this manner necessitated the employment of two workers or the installation of the drills such that a single operator could manage the cable. Larger drive motors, spools to retain the wire, and clutches to avoid kinking the cables were swiftly added. Thus, the emergence of high-speed cable drain cleaning will drive the demand for sewer cables in the coming years.
Sewer cable makers are concentrated mostly in Germany, the UK, and the Netherlands in the European region. These manufacturers sell their cable models to a wide range of consumers, including residential customers, corporate building, and municipalities. Wymefa B.V. (Netherlands), REMS GmbH & Co KG (Germany), Cabere GmbH (Germany), Lehmann GmbH & Co. KG (Germany), and Ferguson Plc are a few of the leading producers in Europe. The European Union emphasizes sewage systems, regardless of whether they are residential, commercial, or municipal, and as a result, the demand for sewer machines is at an all-time high in the region.
Key Findings of Study:
The sewer cable market is segmented into five major regions - North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Rest of World (RoW). The US, Canada, and Mexico are among the major economies in North America. Continuous technological advancements, as a result of the willingness of the people to adopt new technologies and spend high amounts on the same, have led to intense competition among various companies in APAC. The massive increase in population is expected to generate substantial amounts of sewage daily, which would trigger the burden on current infrastructure. A constant emphasis of various governments on a clean environment is mainly responsible for the position of North America in the sewer cable market. Municipalities in the US, Canada, and Mexico work hard to keep their sewage and drainage systems clear of clogs. As a result, the strain on the present infrastructure is expected to increase in the future as well. Further, the steady growth of the sewer cable market in North America is ascribed to the presence of numerous well-established and emerging companies in the region.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the sewer cable market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the sewer cable market thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Frequently Asked Questions about the Global Sewer Cable Market
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Report Attribute | Details |
---|---|
No. of Pages | 86 |
Published | March 2022 |
Forecast Period | 2021 - 2028 |
Estimated Market Value ( USD | $ 86.06 Million |
Forecasted Market Value ( USD | $ 109.16 Million |
Compound Annual Growth Rate | 3.5% |
Regions Covered | Global |
Table of Contents
1. Introduction
3. Research Methodology
4. Sewer Cable Market Landscape
5. Sewer Cable Market - Key Market Dynamics
6. Sewer Cable Market - Global Market Analysis
7. Sewer Cable Market - Geographic Analysis
8. Sewer Cable Market - COVID-19 Impact Analysis
9. Industry Landscape
10. Company Profiles
11. Appendix
List of Tables
List of Figures
Executive Summary
The Sewer Cable market was valued at US$ 86.06 million in 2021 and is projected to reach US$ 109.16 million by 2028; it is expected to grow at a CAGR of 3.5% from 2021 to 2028.Sewer cable manufacturers operating in the market are facing significant competition from local manufacturers. To effectively compete in the market, these manufacturers are partnering with local distributors and online platform providers to reach their target audience. For instance, RIDGID sells its sewer cables via various e-commerce platforms, including Amazon.com, to reach residential end user segment. Several well-known brands have collaborated with local distributors as well. For instance, Duracable has a long list of authorized distributors including EPL Solutions (US), Western Drain Supply (US), Winnipeg MB Canada (Canada), and CPR Supplies Duracable and repair center (US). Apart from partnering with distributors, manufacturers also offer repair services via various repair centers located in key revenue generating regions. These repair centers offer repair and maintenance services to the customers, thereby helping manufacturers create a loyal customer base. Therefore, key trends in the global sewer cable market circulates around strengthening distribution network and offer high quality repair services.
In 2020, North America dominated the sewer cable market, followed by Europe and APAC. Rising urbanization and building activities are bolstering the sewage and drain business in North America. Sewage cables are in high demand in the region as sewer cleaning service providers and individuals are well-versed with the technology. The low entry barrier and inexpensive CAPEX for sewer cable production have resulted in an increase in the number of sewer cable producers in North America. A consistent rise in the number of manufacturers supplying products at reasonable costs is one of the key factors driving the expansion of the sewer cable market in this region.
Many sewage cable producers are based in Europe. They are mostly concentrated in Germany, the UK, and the Netherlands. Sewer cable models from these manufacturers are sold to a wide range of consumers, including residential customers, business building customers, and municipalities. Wymefa B.V. (Netherlands), REMS GmbH & Co KG (Germany), Cabere GmbH (Germany), Lehmann GmbH & Co. KG (Germany), and Ferguson Plc are a few of the leading sewer cable producers functional in Europe. The European Union emphasizes sewage systems, regardless of whether they are residential, commercial, or municipal, and as a result, the demand for sewer machines is at an all-time high in the region. The APAC area, on the other hand, is expected to develop at the quickest rate throughout the projection period. Growing populations and increased demand for utility services in countries like China, India, and Japan are some of the reasons driving market expansion. In 2020, China was the region's leading sewage cable market, followed by Japan and South Korea. The COVID-19 pandemic has a severe impact on the sewer cable market growth, specifically in the developed nations. The purchase of new sewer machines has lowered owing to the low demand for sewage cleaning services. Hence, the demand for sewer cable is reduced, which directly affected the market growth.
The global outbreak of COVID-19 has led to a spike in the adoption of sewer machines, along with associated accessories such as cables. The increase in frequency of sewage cleaning activities is majorly associated with the rise in the use of paper towels and wipes across the world, which lead to the frequent clogging of drains and sewer lines. A rise in frequency of sewer cleaning activities reflected in higher procurement rate of sewer cleaning machine as well as sewer cable (as replacement cable). Thus, the sewer cable market players witnessed growth in their monthly, half-yearly, and annual sales in 2020.
The overall size of the sewer cable market has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the sewer cable market with respect to all the segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants, including valuation experts, research analysts, and key opinion leaders, specializing in the sewer cable market. The key companies operating in the market and profiled in the report include Hongli Pipe Machinery; General Wire Spring Co.; MyTana LLC; SEWER CABLE EQUIPMENT COMPANY.; Coast Manufacturing; DURACABLE; Electric Eel Manufacturing; Ferguson Enterprises, LLC.; RJM Equipment Sales, Inc; Spartan Tool; Trojan Worldwide Inc; Drain Cables Direct (DCD); Gorlitz Sewer & Drain, Inc.; Milwaukee Tool; and RIDGID.
Companies Mentioned
A selection of companies mentioned in this report includes:
- General Wire Spring Co.
- Hongli Pipe Machinery (Mambacleaning)
- Sewer Cable Equipment Company
- Coast Manufacturing
- Duracable Manufacturing Co.
- Electric Eel Manufacturing Co.
- Ridgid
- Spartan Tool
- Trojan Worldwide Inc.
- Gorlitz Sewer & Drain, Inc.
- The Milwaukee Electric Tool Corporation
- Mytana LLC
- Wymefa B.V.
- Rems GmbH & C- Kg
- Ken-Way.Com
- Picote Solutions
- Cabere GmbH
- Draincables Direct (Dcd).