Floor Cleaning Equipment Market Size, Share, Growth, Trends and Forecast Report

The global floor cleaning equipment market size is anticipated to reach USD 9.56 billion by 2025 registering a CAGR of 8.5% from 2019 to 2025, according to a new report by Grand View Research, Inc. Rising usage of different flooring materials, such as wood and ceramic, is expected to boost the demand for effective floor cleaning machines, thereby propelling the market growth. In addition, increasing awareness about airborne diseases caused due to dust and dirt is contributing to the product demand. Rapidly expanding hospitality sector and construction market are also fuelling the demand for different types of floor cleaners, such as scrubbers, polishers, vacuum cleaners, and electronic sweepers.

Product innovations in the market will boost the growth further. For instance, in 2015, Tennant Co. introduced new T300 Walk-Behind Scrubber, which includes multiple configurations in performing the task of hard surface floor cleaning in hospitals. Moreover, introduction of ride-on models of floor cleaners have significantly augmented the demand as they are highly convenient and less time-consuming. Floor scrubber product segment led the global market. This equipment have a wide scope of application in commercial buildings for effective cleaning.

The residential application segment is projected to register the fastest CAGR over the forecast years. North America was the dominant regional market in 2018 and accounted for more than 44% of the global share. Growing corporate sector due to availability of large commercial spaces in developed countries of the regions is expected to be the key growth-driving factor for the market. Moreover, increasing usage of carpet as a floor covering has widened the scope of application for vacuum cleaners, thereby supporting market development.

Further key findings from the study suggest:

• Vacuum cleaner segment is expected to witness the fastest CAGR of 8.9% from 2019 to 2025. However, floor scrubber is likely to be the largest segment in future
  
  
• Commercial application was the largest segment in 2018 and is expected to retain its dominant position during the forecast years
• Asia Pacific is said to be the fastest-growing regional market registering a CAGR of 9.8% from 2019 to 2025
  
  
• Key companies in the 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
  
  

Access full research report on global floor cleaning equipment market: 

www.grandviewresearch.com/industry-analysis/floor-cleaning-equipment-market

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Created on Dec 31st 2019 04:33. Viewed 315 times.

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