Global Sewer Cameras Market Is Expected To Reach About 455.37 Million USD By 2025 From 297.93 Million USD In 2017
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The global market for Sewer Cameras is expected to reach about 455.37 Million USD by 2025 from 297.93 Million USD in 2017, registering a Compounded Annual Growth Rate (CAGR) of 5.45% during the analysis period, 2017-2025. The industry is relatively fragmented, the key brand include Rothenberger (Real AG), Ridgid Tools (Emerson), CUES (ELXSI), Hokuryo, Spartan Tool, Rausch, Pearpoint (Radiodetection), Insight | Vision, HammerHead Trenchless, General Wire Spring, Envirosight, TvbTech, Camtronics, GooQee Technology and so on.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.