Report : Sewer Cable Market Forecast to 2028 - COVID-19 Impact and Global Analysis
According to our latest market study on “Sewer Cable Market Forecast to 2028 – COVID-19 Impact, and Global Analysis – the market was valued US$ 66.18 million in 2020 and is expected to reach US$ 97.72 million by 2028 with a CAGR growth rate of 5.1% during 2021–2028.
The sewer and drain industry in North America are growing due to the increased urbanization and construction activities. There is a tremendous demand for sewer cables in the region as sewer cleaning service providers and individuals are well aware of technology. The limited entry barrier and low CAPEX for manufacturing of the sewer cables is showcasing growth in number of sewer cable manufacturers in the North American region. The continuous rise in number of manufacturers with product offerings at competitive prices is one of the crucial parameters behind the growth of the sewer cable market in the region.
The European region also houses a number of sewer cable manufacturers. The concentration of sewer cable manufacturers is majorly in Germany, the UK, and the Netherlands. These manufacturers supply their sewer cable models to wide variety of customers ranging from residential customers, commercial building customers, and municipalities. Some of the key manufacturers in the region include; Wymefa B.V. (Netherlands), REMS GmbH & Co KG (Germany)), Cabere GmbH (Germany), Lehmann GmbH & Co. KG (Germany) and Ferguson Plc (UK). The European consistently emphasize on the sewage systems (irrespective of residential, commercial, and municipal) and owing to this, the requirement for sewer machines is all-time high in the region, which enables the sewer cable manufacturers to develop robust cables and market their products easily. This boosts the sewer cable market in the region.
On the other hand, the APAC region is anticipated to be the fastest-growing region during the forecast period. The growing populations and rising demand for utility services in countries, such as China, India, and Japan, are among the factors driving the market growth. China led the sewer cable market in the region in 2020, followed by Japan and South Korea.
The growth of the sewer cable market is majorly attributed to the increasing use of machines in sewage cleaning operations. The sewer cable manufacturers are witnessing substantial pressure from the sewer machine manufacturers to supply cables in higher volumes, which facilitates the machine manufacturers to meet the rising demand for the machines. Pertaining to match the demands of the sewer machine manufacturers, the drain cable manufacturers are upscaling their production lines, thereby increasing the sales volumes. This is catalyzing the sewer cable market in the recent years. Apart from supplying adequate volumes of cables, the sewer cable market players are introducing advanced cables, which is attracting the sewer machine manufacturers and supporting the sewer cable market growth. For instance, in August 2017, PIPE LINING SUPPLY company introduced a new ultra-high-speed drain cleaning cable for sewer cleaning operation. A new ultra-high-speed drain cleaning cable can be spin up to 4,000 rpms in either direction. This new cable design enabling customers to spin the drain cleaning cable in both directions without damaging it. Such development in the product offering is augmenting the market growth.
Hongli Pipe Machinery; General Wire Spring Co.; MyTana LLC; Sewer Cable Equipment Company.; Coast Manufacturing; DURACABLE Manufacturing Co.; Electric Eel Manufacturing; Spartan Tool; Trojan Worldwide Inc; Gorlitz Sewer & Drain, Inc.; Milwaukee Tool; RIDGID; Wymefa B.V.; Ken-way.com; REMS GmbH & Co KG; Picote Solutions; Cabere GmbH; and Draincables Direct (DCD). are among the key players that are profiled during this market study. In addition to these players, several other well-known market players have also been studied and analyzed to get a holistic view of the global sewer cable market and its ecosystem.
Impact of COVID-19 Pandemic on Sewer Cable Market
The key cable manufacturers such as Spartan Tool and Duracable continued their operations, alongside imposing all safety guidelines amid COVID 19 pandemic. Spartan Tool decided to offer free shipping services for its cable and associated products. Though these manufacturers faced issues related to delayed shipping due to logistic and supply chain issues, they managed to cater the need of their target audiences amid the pandemic.
Sewer Cable Market — Geographic Breakdown, 2020
The Report Segments the Global Sewer Cable Market as Follows: