Floor Cleaning Equipment Market size was estimated at USD billion in 2020 and is expected to reach USD billion by 2027.
Floor cleaning products are widely used everywhere for maintaining hygiene and cleanliness. The demand for such equipment always seen to elevate because of the rise in the number of areas where they are used as an increase in the number of residential areas, industrial areas, etc. The floor cleaning equipment market has been seen to be developed by the time and many improvements and convenient measures lead to its spread at the global level and hence its popularity increased. Looking at the present scenario of the COVID-19 pandemic, where it can be seen a major decline in the market due to the continuous lockdown, the need for such products rose unexpectedly. The floor cleaning equipment is widely used in order to maintain hygiene to prevent the spread of the virus. Thus, this market of floor cleaning equipment has a rapidly flourishing market in forthcoming days and in the present time.
Drivers
Looking at the present scenario of a pandemic caused by the deadly coronavirus, people started adopting hygienic practices and hospitals are significantly taken care of sanitization after the COVID-19 outbreak globally. Hence, the demand for disinfectants in hospital setups has increased drastically. The floor cleaning equipment market has unexpectedly elevated globally. The probable estimated growth of the floor cleaning machine market is US$ xx Billion by 2027 and the market expansion is likely to grow at a CAGR of xx% from 2019 to 2029. This mentioned value for floor cleaning equipment market share is predicted to get a huge increment globally due to the pandemic. Presently the sudden growth could be clearly visible in-floor cleaning machine market size which will surely go to bolster the market in forthcoming years and in the current period. The Industries of such products have experienced a sudden growth after the pandemic outbreak and the demand for sanitizing products has elevated too quickly and unexpectedly.
The rise in this market is the result of the increment in demand for high-end products. Development and innovation in the area of technological advancement in electric machines and mopping systems will help in boosting the market. The ride-on models for floor cleaners are about 60% more efficient than remaining other products because of its convenient operation technology and hence this adds to the factor resulting in the growth of the market.
Restraints and Opportunity
Rules and regulation by the government for such industrial establishment could be a factor for restraint of floor cleaning equipment market, high cost of production and product which is not affordable for many consumers of different parts of the globe especially the developing countries and lack of awareness in rural region of developing countries about the importance of hygienic practices. However, the opportunity is far greater than restraints for such a product market globally. The comprehensive opportunity of floor cleaning product market is due to the increasing demand in the residential sector, rise in a number of hospitals, commercial areas, and industries. The COVID-19 has downgraded the market of many industries but has definitely created a clear route for the successful establishment of floor cleaning equipment market all over the world.
Major Segmentation
The floor scrubber segment gained a market share of more than 46% in 2019. Floor scrubbers are used in a wide range in commercial as well as residential sectors. The launch of ride-on features that enable work to do in a short time will elevate the demand.
The introduction of vacuum cleaners and its convenient use for cleaning, majorly in the residential sector is widely used and this has resulted in widening the scope of such products. In addition, the invention of innovative technologies like HEPA filter technology which is applied to catch tiny particles is elevating the segment.
The commercial application segment has gained a market share of about 77% in 2019. High pace development in the infrastructure sector has spare headed the rise in demand for cleaning equipment, such as surface, carpet, and furniture cleaner. An increase in the number of hospitals, hotels, residential areas, mainly in developing countries of the Asia Pacific region like China, India, and also Vietnam is also estimated to contribute to the growth of this product market.
North America has spare headed the global market in 2019 and is expected to continue the growth with a stable CAGR from 2019-2027. The United States accommodates the major market due to the presence of top companies of such products. The probable growth rate in Asia Pacific countries is expected to gain the fastest growth with a CAGR of 9.8% in 2019 to 2027 due to the development in related sector regions.
Leading Companies
Names of some leading companies of floor cleaning equipment market are Nilfisk Group; Alfred Kärcher GmbH & Co. KG; Tennant Company; Hako Group; EUREKA S.p.A.; International Cleaning Equipment; Comac SpA; Minuteman International, Inc.; and Denis Rawlins. The global market of floor cleaning equipment market is seen to be highly competitive and fragmented which is being marked by various players.
COVERAGE HIGHLIGHTS
• Market Revenue Estimation and Forecast (2020 – 2027)
• Market Production Estimation and Forecast (2020 – 2027)
• Market Sales/Consumption Volume Estimation and Forecast (2020 – 2027)
• Breakdown of Revenue by Segments (2020 – 2027)
• Breakdown of Production by Segments (2020 – 2027)
• Breakdown of Sales Volume by Segments (2020 – 2027)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
Market Segmentation
Product Outlook (Revenue, USD Million, 2019- 2027)
• Floor Scrubber
• Vacuum Cleaner
• Floor Sweeper
• Others
Application Outlook (Revenue, USD Million, 2019- 2027)
• Residential
• Commercial
Regional Outlook (Revenue, USD Million, 2019- 2027)
North America
• United States
• Canada
• Mexico
Europe
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Australia
• Rest of Asia Pacific
The Middle East and Africa
• South Africa
• Rest of MEA
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