September 30, 2022 03:00 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.

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NEWARK, Del, Sept. 30, 2022 (GLOBE NEWSWIRE) -- The drain cleaning equipment market is expected to witness lucrative growth opportunities over the forecast period with a CAGR of 6.0% from 2022 to 2032 with a valuation of US$ 234.6 Mn in 2022 and is likely to be valued at US$ 418.9 Mn by 2032.

According to the historic evaluation, the global drain cleaning equipment market thrived at a CAGR of around 5.1% from 2016 to 2021. The demand for drain cleaning equipment is on the surge to preserve water, wastewater, and sewer utilities. However, it is not an easy task to retain the drainage and piping system. Hence, the adoption of drain cleaning equipment is considered to be a significant but often overlooked aspect of health facilities.

According to a global study on the drain cleaning equipment market, it explains that various types of materials are responsible for drainage blockage, and this blockage might be hard to acquire which can make the removal process difficult. The drain cleaning equipment aids help in the removal of blockages in areas and clearing the drainage system. This is an easy method to solve through this equipment which is anticipated to increase the drain cleaning equipment market share.

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The prominent market players in the drain cleaning equipment market are significantly contributing to the growth by embracing several skillful methods including mergers, partnerships, collaborations, and others. These players are developing products as per customers' requirements which directly increases the market growth in coming years. Competitors work on problem-solving skills along with the long price range to target multi-class.

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More Insights into the Drain Cleaning Equipment Market

North America is expected to lead the global market for drain cleaning equipment by accounting for about 31% of the share throughout the forecast period. Owing to the rising government support and investments in implementation & development, the drain cleaning equipment market size is predicted to grow at an opulent pace over the years.

The United States is known to be the leading country in the North American market by accounting for the highest sales of drain cleaning equipment products. The region is expected to attract a plethora of lucrative business opportunities to maintain and clean its robust drainage systems in various densely populated cities.

Europe is considered the fastest growing region in the drain cleaning equipment market as it is expected to account for 27% of the share during the forecast period. The growth is attributed to the rising housing demand is one of the foremost drivers of growth in Europe's construction sector. Germany and the United Kingdom are experiencing exponential growth in their construction sectors, fueling the demand for drain cleaning equipment.

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