At 8.2% CAGR, Europe Drain Cleaning Equipment Market is Projected to be Worth US$ 1,188.60 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Europe drain cleaning equipment market was valued at US$ 633.93 million in 2022 and is expected to reach US$ 1,188.60 million by 2030, registering a CAGR of 8.2% from 2022 to 2030. Rising commercial construction and rapid urbanization are among the critical factors attributed to drive the Europe drain cleaning equipment market growth.

Europe is witnessing stable commercial construction growth. For instance, Frankfurt city is experiencing an architectural comeback, with plans to build 50 new skyscrapers for the German hub. These skyscrapers include FOUR Frankfurt, a ~US$ 1 billion (£856 million) project consisting of four towers that are expected to be finished in 2024. All of these will have a jumble of offices, apartments, hotels, stores, and restaurants, with the highest standing at 233 meters.

The expansion of commercial construction offers a promising opportunity to the drain cleaning equipment market. As the number of commercial buildings grows, there will be a heightened demand for maintenance services, including drain cleaning.

On the contrary, volatile raw material prices and impact of macro-economic factors hurdle the growth of Europe drain cleaning equipment market.

Based on product, the Europe drain cleaning equipment market is segmented into hand tool, sink machines, sectional machines, rodders, jetters, push rod camera, locating equipment, flexible shaft machine, and drum/continuous cable machine. The locating equipment segment held 24.0% market share in 2022, amassing US$ 152.41 million. It is projected to garner US$ 244.48 million by 2030 to register 6.1% CAGR during 2022–2030. Furthermore, the hand tool segment is sub segmented into snake, auger, plunger, and others. Additionally, the jetters segment is subcategorized into cart jetters, skid mounted jetters, and trailer jetters.

In terms of sales channel, the Europe drain cleaning equipment market is segmented into online, retail, and distributors. The retail segment held 42.8% share of Europe drain cleaning equipment market in 2022, amassing US$ 271.25 million. It is anticipated to garner US$ 477.83 million by 2030 to expand at 7.3% CAGR during 2022–2030.

By power source, the Europe drain cleaning equipment market is divided into hand operated, fuel powered, gas powered, and electric. The electric segment held 45.6% share of Europe drain cleaning equipment market in 2022, amassing US$ 289.33 million. It is projected to garner US$ 505.95 million by 2030 to expand at 7.2% CAGR from 2022 to 2030.

Based on country, the Europe drain cleaning equipment market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 25.8% share of Europe drain cleaning equipment market in 2022. It was assessed at US$ 163.31 million in 2022 and is likely to hit US$ 319.06 million by 2030, registering a CAGR of 8.7% during 2022–2030.

Key players operating in the Europe drain cleaning equipment market are RIDGID Inc, Nilfisk Holding AS, Flowplant Group Ltd, and Goodway Technologies Corp, among others.

• In 2022, Nilfisk Group has announced the suspension of its business in Russia due to the conflict between Russia and Ukraine. This implies that the company has stopped importing products from Russia have sent its employees from Russia on paid leaves.
• In 2021, MoD, one of the major defense contractors in the UK chooses Flowplant Group limited for its Harben pump to fulfill its need of a stand-alone container mounted solution. Before final installation and SAT, a comprehensive FAT was performed at Flowplant.

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