Increasing demand for high-end cleaning products is among the key factors responsible for the market growth, backed by the increase in women’s workforce and individual living.
The advent of electric machines and handles due to technological advancements in mopping systems is also expected to boost the market. Through the forecasted period, the market is expected to have a CAGR of over 8%. Furthermore, constant technological advancement has been a great aid to market growth.
With continuous technological developments, semi-automatic and automatic floor cleaning equipment have gained increasing preference over manual floor cleaning techniques. As women started working, they are now inclined towards the automatic floor cleaning machines, to manage their time, which otherwise would be consumed in cleaning manually.
By product, the market was dominated by vacuum cleaners, which held a share of 46.24% in the year 2020. The introduction of ride-on features, which significantly reduces the time required for cleaning, will boost the product demand. However, the floor sweeper segment is expected to show the highest anticipated CGAR of over 10%.
Household and commercial buildings emerge as potential customers for the global floor cleaning machines market. With the rapid growth in the infrastructure sector through various government policies, the market of floor cleaning equipment has been benefited. A rapid increase in the hospitality sector globally has been a major reason for the high market share of the commercial segment.
The commercial segment in the year 2020 held a market share of more than 80%. The residential application segment is to witness considerable growth, with a brisk development in the real estate sector. With growing urbanization and improved lifestyle, in the emerging nations, the demand for floor cleaning products focused on residential use is to grow over an anticipated CAGR of 11%. Moreover, the rising usage of flooring materials, such as natural wood, stones, and glass, is boosting the product demand for more effective.
By region, Asia leads the market with its three major countries- China, Japan & India in the top 4 positions, globally. An increasing number of hospitals and hotels, particularly in countries like India, China, and Vietnam, is also likely to contribute to the market growth. Moreover, constant product innovation will drive the segment further. While North America & Europe is expected to show a decline in the market share, Latin America and Middle East & Africa together could hardly cover 15% of the global market by 2026.
The global floor cleaning equipment market is highly competitive in nature. Some of the prominent companies are Nilfisk Group, Alfred Karcher GmbH & Co. KG, Amano Co., Diversy, Dyson, EUREKA, iRobot, Miele, Electrolux, etc.
These companies focus on expanding their production capacities by using advanced technologies to meet rising demand across the globe.
In 2017, Dyson introduced HEPA filter-enabled vacuum cleaner, which is cord-free and has a strong battery backup. The growing importance of hygiene and time constraints is driving the demand for automatic floor cleaning machines instead of manual cleaning techniques.
Key Topics Covered:
1. Executive Summary
2. Report Methodology
3. Global Cleaning Equipment Market Outlook
3.1. Market Size by Value
3.1.1. By Product
3.1.2. By Type
3.1.3. By Region
3.1.4. By Country
4. North America Cleaning Equipment Outlook
5. Europe Cleaning Equipment Outlook
6. Asia Pacific Cleaning Equipment Outlook
7. Latin America Cleaning Equipment Outlook
8. Middle East & Africa Cleaning Equipment Outlook
9. Market Dynamics
9.1. Key Drivers
9.2. Key Challenges
10. Market Trends and Developments
10.1. Walk behind scrubbers and ride-on feature
10.2. Quiet mode, automated dustpans, and HEPA filter
10.3. Robotic vacuums
10.4. Cleaning services applications
10.5. Energy Efficient
11. Company Profiles
11.1. Alfred Karcher GmbH & Co. KG.
11.2. Amano Corporation
11.3. Diversey Holdings Pvt
11.4. Dyson Limited
11.5. Eureka S.p.A. Unipersonale Inc.
11.6. iRobot
11.7. Miele
11.8. Company Overviews
11.8.1. Bisselle
11.8.2. Electrolux AB
11.8.3. Hoover
11.8.4. Nilfisk
11.8.5. Panasonic
For more information about this report visit https://www.researchandmarkets.com/r/rrjg7w