The snow sweeper truck market size was valued at $3,61,430.2 thousand in 2021, and is projected to reach $5,55,937.7 thousand by 2030, registering a CAGR of 4.4% from 2022 to 2031. Snow sweeper trucks are light as well as heavy and are specifically used for clearing snow from surfaces of roads, airports, and sometime from agricultural fields.
Snow sweeper trucks are typically available in two types such as rotary snow sweeper truck, and wedge snow sweeper truck, thereby expanding their usability in areas witnessing low to high volumes of snowfall. The rise in the construction of transport infrastructure projects in the snowbound areas is significantly increasing the demand for snow sweeper trucks. In addition, the rise and recovery in global winter tourism after COVID-19, where tourist head towards snow-bound areas to enjoy winter sports, also led to the increased demand in the snow sweeper truck market. However, the high cost of acquisition and maintenance of snow sweeper trucks is a major restraint for the growth of the market. Furthermore, the integration of automation in the snow sweeper trucks, makes it easy to handle; thereby, providing lucrative opportunities for the growth of the market.
The global snow sweeper truck market is segmented on the basis of type, business, application, and region. By type, the market is categorized into rotary snow sweeper truck, and wedge snow sweeper truck. On the basis of business type the market is categorized into OEM and aftermarket. On the basis of application, the market is categorized into street, airport, highway, and agriculture. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as acquisition, business expansion, and partnership to strengthen their market outreach and sustain the stiff competition in the market
Competition Analysis
Key companies profiled in the snow sweeper truck market report include Alamo Group Inc. (Henke Manufacturing Corporation), Bucher Industries AG, Boschung Group, Douglas Dynamics, Inc., M-B Companies, Inc., Nichijo Corporation, Oshkosh Corporation, Team Eagle Ltd., Telemet Sudamerica S. A, and Zoomlion Heavy Industry Science And Technology Co. Ltd.
Snow sweeper trucks are typically available in two types such as rotary snow sweeper truck, and wedge snow sweeper truck, thereby expanding their usability in areas witnessing low to high volumes of snowfall. The rise in the construction of transport infrastructure projects in the snowbound areas is significantly increasing the demand for snow sweeper trucks. In addition, the rise and recovery in global winter tourism after COVID-19, where tourist head towards snow-bound areas to enjoy winter sports, also led to the increased demand in the snow sweeper truck market. However, the high cost of acquisition and maintenance of snow sweeper trucks is a major restraint for the growth of the market. Furthermore, the integration of automation in the snow sweeper trucks, makes it easy to handle; thereby, providing lucrative opportunities for the growth of the market.
The global snow sweeper truck market is segmented on the basis of type, business, application, and region. By type, the market is categorized into rotary snow sweeper truck, and wedge snow sweeper truck. On the basis of business type the market is categorized into OEM and aftermarket. On the basis of application, the market is categorized into street, airport, highway, and agriculture. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as acquisition, business expansion, and partnership to strengthen their market outreach and sustain the stiff competition in the market
Competition Analysis
Key companies profiled in the snow sweeper truck market report include Alamo Group Inc. (Henke Manufacturing Corporation), Bucher Industries AG, Boschung Group, Douglas Dynamics, Inc., M-B Companies, Inc., Nichijo Corporation, Oshkosh Corporation, Team Eagle Ltd., Telemet Sudamerica S. A, and Zoomlion Heavy Industry Science And Technology Co. Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging snow sweeper truck market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for the key market segments between 2021 and 2031.
- Extensive analysis of the snow sweeper truck market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
- The global snow sweeper truck market forecast analysis from 2022 to 2031 is included in the report.
- The key market players within snow sweeper truck market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the snow sweeper truck industry.
Key Market Segments
By Type
- Rotary Snow Sweeper Truck
- Wedge Snow Sweeper Truck
By Business
- OEM
- Aftermarket
By Application
- Street
- Airport
- Highway
- Agriculture
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Alamo Group
- Boschung
- Douglas Dynamics
- M-B Companies
- Nichijo Corporation
- Oshkosh Corporation
- Shenyang Deheng
- Team eagle
- Telemet Sudamerica S. A
- Zoomlion
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: GLOBAL SNOW SWEEPER TRUCK MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Rotary Snow Sweeper Truck
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Wedge Snow Sweeper Truck
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
CHAPTER 5: GLOBAL SNOW SWEEPER TRUCK MARKET, BY BUSINESS
5.1 Overview
5.1.1 Market size and forecast
5.2 OEM
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Aftermarket
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
CHAPTER 6: GLOBAL SNOW SWEEPER TRUCK MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Street
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Airport
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4 Highway
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country
6.5 Agriculture
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market share analysis by country
CHAPTER 7: GLOBAL SNOW SWEEPER TRUCK MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.3 North America Market size and forecast, by Business
7.2.4 North America Market size and forecast, by Application
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Type
7.2.5.1.3 Market size and forecast, by Business
7.2.5.1.4 Market size and forecast, by Application
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Type
7.2.5.2.3 Market size and forecast, by Business
7.2.5.2.4 Market size and forecast, by Application
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Type
7.2.5.3.3 Market size and forecast, by Business
7.2.5.3.4 Market size and forecast, by Application
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.3 Europe Market size and forecast, by Business
7.3.4 Europe Market size and forecast, by Application
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Type
7.3.5.1.3 Market size and forecast, by Business
7.3.5.1.4 Market size and forecast, by Application
7.3.5.2 France
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Type
7.3.5.2.3 Market size and forecast, by Business
7.3.5.2.4 Market size and forecast, by Application
7.3.5.3 UK
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Type
7.3.5.3.3 Market size and forecast, by Business
7.3.5.3.4 Market size and forecast, by Application
7.3.5.4 Italy
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Type
7.3.5.4.3 Market size and forecast, by Business
7.3.5.4.4 Market size and forecast, by Application
7.3.5.5 Rest of Europe
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Type
7.3.5.5.3 Market size and forecast, by Business
7.3.5.5.4 Market size and forecast, by Application
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.3 Asia-Pacific Market size and forecast, by Business
7.4.4 Asia-Pacific Market size and forecast, by Application
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Type
7.4.5.1.3 Market size and forecast, by Business
7.4.5.1.4 Market size and forecast, by Application
7.4.5.2 India
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Type
7.4.5.2.3 Market size and forecast, by Business
7.4.5.2.4 Market size and forecast, by Application
7.4.5.3 Japan
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Type
7.4.5.3.3 Market size and forecast, by Business
7.4.5.3.4 Market size and forecast, by Application
7.4.5.4 South Korea
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Type
7.4.5.4.3 Market size and forecast, by Business
7.4.5.4.4 Market size and forecast, by Application
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Type
7.4.5.5.3 Market size and forecast, by Business
7.4.5.5.4 Market size and forecast, by Application
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.3 LAMEA Market size and forecast, by Business
7.5.4 LAMEA Market size and forecast, by Application
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Type
7.5.5.1.3 Market size and forecast, by Business
7.5.5.1.4 Market size and forecast, by Application
7.5.5.2 Middle East
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Type
7.5.5.2.3 Market size and forecast, by Business
7.5.5.2.4 Market size and forecast, by Application
7.5.5.3 Africa
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Type
7.5.5.3.3 Market size and forecast, by Business
7.5.5.3.4 Market size and forecast, by Application
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Alamo Group
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Boschung
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Douglas Dynamics
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 M-B Companies
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Nichijo Corporation
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Oshkosh Corporation
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Shenyang Deheng
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Team eagle
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Telemet Sudamerica S. A
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Zoomlion
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Global Snow Sweeper Truck Market,' the global snow sweeper truck market size was valued at $361.4 million in 2021, and is estimated to reach $555.9 million by 2031, growing at a CAGR of 4.4% from 2022 to 2031.Commonly observed types of snow sweeper trucks are rotary snow sweeper truck, and wedge snow sweeper truck. Among these, the wedge snow sweeper truck accounted for the highest market share in 2021, owing to its ability to sweep large volumes of snow at a time. Further, the OEM under the business segment registered a higher demand in 2021, owing to easy large sales made of OEMs. In addition, the market is analyzed with respect to the application of snow sweeper trucks in street, airport, highway, and agriculture. Among these, the agriculture is expected to grow at the highest CAGR. The market is mainly driven by the recovery in winter tourism, and rise in investments for infrastructure construction. However, the high acquisition, and maintenance cost of snow sweeper truck, and the decrease in snowfall due to global warming, constraints the growth of the market.
Region-wise, the snow sweeper truck market share analysis is conducted across North America, Europe, Asia-Pacific, and LAMEA. In 2021, Europe dominated the global market, in terms of revenue. Moreover, the market in Asia-Pacific is expected to grow with the highest CAGR, owing to the growth in the use of snow sweeper truck for removing snow from highways.
The advancements in technology, that have enabled the autonomous and remote operation of snow sweeper truck is anticipated to provide lucrative opportunities for the snow sweeper truck market growth.
Moreover, key players in the market are partnering with other companies in the similar markets for rapid growth. For instance, in May 2022, Marcel Boschung AG, involved in manufacturing surface clearing equipment, signed a partnership agreement with the Airport Technologies Inc. Airport Technologies Inc., is a Canada based high performance airport vehicle manufacturer. This partnership is aimed towards strengthening their offerings by combining their portfolios, creating product synergies such as with two of their MTE products: ATI’s Snow Mauler as tow truck with mounted snow plow and Boschung’s high performance sweeper blower hanger unit the Jetbroom 10000 T. This partnership will also introduce new fully electric and autonomous vehicles in the range of compact sweepers and multipurpose equipment carriers.
However, various manufacturers in the snow sweeper truck market had to stop their business in countries such as China, U.S., and Europe, during the pandemic lockdown. This break directly impacted the growth of snow sweeper truck and its components manufacturing companies. In addition, the lack of manpower and raw materials negatively influenced the growth of the market. However, after two years of COVID-19 outbreak and the introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly.
Key Findings Of The Study
The report provides an extensive analysis of the current and emerging snow sweeper truck market trends and dynamics.Depending on type, the wedge snow sweeper truck dominated the snow sweeper truck market, in terms of revenue in 2021, and the rotary snow sweeper truck projected to grow at a significant CAGR during the forecast period.
By the business type, the OEM registered a higher revenue in 2021
By application, agriculture is expected to grow at the highest CAGR during the forecast period.
Asia-Pacific is projected to register highest growth rate in the coming years.
The key players within the snow sweeper truck market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the snow sweeper truck industry.
The report provides an extensive analysis of the current trends and emerging opportunities of the market.
In-depth snow sweeper truck market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.
The snow sweeper truck market forecast analysis from 2022 to 2031 is included in the report.
Companies Mentioned
- Alamo Group
- Boschung
- Douglas Dynamics
- M-B Companies
- Nichijo Corporation
- Oshkosh Corporation
- Shenyang Deheng
- Team Eagle
- Telemet Sudamerica S.A
- Zoomlion
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 287 |
| Published | October 2022 |
| Forecast Period | 2021 - 2030 |
| Estimated Market Value ( USD | $ 361430.2 thousand |
| Forecasted Market Value ( USD | $ 555937.7 thousand |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
