The latest market report published by Credence Research, Inc. "Global Aquatic Weed Harvester Market: Growth, Prospects, and Competitive Analysis, 2016 – 2030". The global aquatic weed harvester market generated revenue of around USD 846.50 million in 2022 and is anticipated to grow a CAGR of over 8.30% during the forecast period from 2017 to 2030 to reach around USD 1479.19 million in 2030.
Aquatic weed harvesters are water mowers, mowing boats, and aquatic boats specifically designed for various functions on inland watercourse management for cutting and harvesting underwater weeds, reeds, and other aquatic plant life. Cutting down these aquatic elements is known as "aquatic harvesting." The primary driver for the global aquatic weed harvester market is increasing awareness among the general population for aquatic upkeep and reducing underwater weeds, reeds, and various aquatic plant life. Also, rising initiatives among government agencies for cleaning lakes, canals, and other water bodies will further increase the market's footprint during the forecast period.
The global Aquatic Weed Harvester market is bifurcated into Power Source, Conveyor Material, Engine Power Output, and Geography. Based on power source, the market is categorized into diesel engine and electric motor. Based on conveyor material, the global market is segmented into galvanized and stainless steel. Based on engine power output, the global market can be split into below 50 hp and 50 hp and above. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
In 2021, North America occupied the largest aquatic weed harvester market on a global scale in terms of revenue and sales. Factors such as a rising focus on investments among the dominant players to expand their product portfolio and increasing demand among the general population to preserve aquatic life will give rise to sustainable market growth in the North American region. Additionally, the rising scarcity of water resources will further lead to a surge in sales. The United States will contribute the largest market share to the North American region owing to rising demand for maintaining the cleanliness of lakes and waterways.
The aquatic weed harvester market is facing a number of challenges that may impede its growth in the coming years. One major challenge is the high cost of these machines, which can make them unaffordable for many potential customers. Additionally, the lack of skilled operators who are able to properly use these machines can also be a limitation. Another issue that the aquatic weed harvester market may face is competition from other methods of weed control, such as herbicides or manual removal.
Why to Buy This Report-
· The report provides a qualitative and quantitative analysis of the global aquatic weed harvester by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2017-2021, base year- 2022, and forecast period 2017-2030.
· The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level.
· In-depth analysis of the global aquatic weed harvester segmentation based on direction of power source, conveyor material, engine power output, and geography.
· The global aquatic weed harvester report also includes analyzing the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.
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