VAC-CON INC., VECTOR INC., GRADALL INDUSTRIES, INC., GAPVAX INC., and RIVARD – PROMINENT MARKET PARTICIPANTS IN SEWER MACHINE MARKET
With the presence of several well-established and emerging players, the sewer machine market is experiencing a steady growth rate over the years and is expected to continue a similar growth trend with substantial revenue during the forecast period. The presence of a large number of players globally is a key advantage for the market to propel over the years. However, the longer lifespan of these types of machinery is a restricting factor for the sewer machine market to showcase noteworthy growth.
The concern for aging water and sewer infrastructure has therefore led to the growing demand for technologies that are not only capable of delivering and managing the distended water and wastewater needs for long distances and remote locations but also optimize the existing sewage pipelines and reduce leakages. Rising demand for improvised water infrastructure is therefore considered as the key influencer contributing to the growth of sewer machines globally. The overall sewer machine market is predominantly driven by booming expenditure in domestic infrastructural spending and the elevating requirement for rehabilitation and replacement of maturing sewer groundwork. Furthermore, development in the housing markets globally is predicted to allow sewer cleaning activity as new sewer laterals and lines would be laid. However, the world is facing a substantial shortage of skilled labor, which is a key challenging factor for sewer machine operators or end users. The labor shortage is expected to rise in the coming years, and due to this, the sewer machine market is expected to witness slowdown. Nevertheless, to bridge the gap between labor shortage and demand for sewer machine operation, several rental service providers are emerging in developed and developing countries. Hence, the increase in rental service providers over the years would increase the procurement of these machines, which would drive the sewer machine market growth
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 among the key market players operating in the sewer machine market. Several other companies are also operating across the globe, thereby, contributing substantial amounts towards growth of sewer machine market. The market players are building strategies and innovating newer products to gain brand visibility, customer base, and higher annual sales.
Few of the important market initiatives and product developments from the industry are mentioned below:
|
Year |
News |
Country |
|
2020 |
Veolia’s Veolia North America has signed an agreement to occupy Alcoa USA Corporation’s Hazardous Waste Treatment Site. With this strategy, the company continues the worldwide growth of its hazardous waste treatment and recycling activity and adds a flagship site to its existing portfolio. |
North America |
|
2019 |
Sewer Equipment has introduced the addition of two products in its product portfolio, namely, GENESIS Water Recycling Sewer Cleaner and the Model 400 ECO Mini Combination Sewer Cleaner. |
North America |
|
2017 |
RIVARD showcases its ATEX ADR combination unit in Hammelmann Symposium in Germany (Oelde) |
Europe |
