$764 Million Industrial Vacuum Cleaner Market - Global Outlook & Forecasts 2019-2024: Major Vendors are TTI, Oreck, Hoover Commercial, Nilfisk, Tennant & Alfred Karcher
DUBLIN, Feb. 11, 2019 /PRNewswire/ --
The "Industrial Vacuum Cleaner Market - Global Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global industrial vacuum cleaner market estimated to generate revenues of more than $764 million by 2024, growing at a CAGR of around 6% during 2018-2024.
The global industrial vacuum cleaner market is driven by the increase in safety and health standards at workplaces. The growth of the chemical, automotive, F&B, electronics, power, healthcare, and pharmaceuticals industries in emerging economies will boost sales in the global market. The report considers the present scenario of the global industrial vacuum cleaner market and its market dynamics for the period 2019-2024.
Industrial Vacuum Cleaner Market - Dynamics
The increasing implementation of automation across various industries is fueling the demand in the global industrial vacuum cleaner market. The industrial automation process uses control systems such as robots and information technologies to handle various processes and machinery inside a setup. The adoption of these processes will increase productivity and reduce the cost related to human operations.Smart devices collect, analyze, and share real-time data with vendors to offer insights into end-users' preferences.
IoT is a dynamic worldwide information network comprising Internet-connected components such as sensors and smart appliances such as robotic vacuum cleaners or robotic scrubbers. The increasing investments to develop and procure intelligent systems will transform the global industrial vacuum cleaner market during the forecast period.
The establishment of stringent safety and hygiene standards across industries is driving the demand in the global industrial vacuum cleaner market.The complexity of operations in manufacturing stations and other industries keeps workers in constant threat of injuries, sometimes even death. Therefore, employers are dissuading the practice of engaging manual labor in such activities, thereby increasing the adoption of these cleaners across industries. Grave consequences such as severe burns, vision loss, or even death arise out of these workplace injuries, which in turn will fuel the growth of the global industrial vacuum cleaner market.
Industrial Vacuum Cleaner Market - Segmentation
This market research report includes a detailed segmentation of the market by product type, technology, system, end-user, and geography.The global industrial vacuum cleaner market by product type is classified into upright, canister, and backpack. Canister vacuum dominated around half of the total market share in 2018, growing at a CAGR of over 5% during the forecast period.
The canister systems are designed with a cleaning nozzle which is placed at the end of a wand and is linked to the unit with a hose, and it also contains a dirtbag and a motor.Backpacks are the newest category in the global market and are designed for easy carry and lightweight. The launch of new models with ergonomic pads and back support that ensures maximum employee safety will fuel the demand in this segment in the global industrial vacuum cleaner market.
The technology segment in the global industrial vacuum cleaner market is divided into electric and pneumatic. Pneumatic technology is the fastest growing segment in the market, at a CAGR of approximately 7% during the forecast period. These systems operated on compressed air driven pumps that function on Bernoulli's principle.The wide availability of electrical vacuums in different types such as canisters, upright, and backpacks for commercial, industrial, or domestic purposes is augmenting the growth of this segment in the global market.
The global industrial vacuum cleaner market by the system is segmented into portable and stationary. Portable systems occupied more than half of the market share in 2018, growing at a CAGR of over 5% during the forecast period. The different shapes and sizes to cater to different industrial applications are one of the major factors attributing to the growth of this segment in the global market.The stationary cleaners available in the global industrial vacuum cleaner market comes in three-phase or single-phase power source, with an electric motor, pneumatic, or diesel engine.
The end-user segment in the global industrial vacuum cleaner market is categorized into manufacturing, food and beverage, pharmaceuticals, building and construction, metalworking and mining, and others. Metalworking and mining sector is the fastest growing end-user in the global market, at a CAGR of around 7% during the forecast period.The increasing use of cleaners with high-temperature resistant technology is used for the cleaning of ovens without waiting for it gets cool across the food and beverage industry is augmented the transformation of the global market.
Industrial Vacuum Cleaner Market - Geography
The global industrial vacuum cleaner market by geography is segmented into North America, APAC, Europe, Latin America, and MEA. Europe dominated the largest market share in 2018, growing at a CAGR of over 5% during the forecast period. The presence of large manufacturing facilities and strong manufacturing sectors is driving the growth of the European market.
APAC region in the global market. The rising adoption of modern technologies in lifestyle, industrial, and commercial uses will drive the demand in the APAC industrial vacuum cleaner market over the next few years. China is among the largest and fastest growing economies in the global market. With favorable government policies and changing lifestyles across China and India will boost the sales of these systems in the market.
Key Vendor Analysis
The global industrial vacuum cleaner market is moderately intensifying with the presence of several vendors. The rapidly changing technological environment is adversely impacting the players urging them to make continual upgrades to their product portfolio. The market is moderately fragmented with few major companies controlling the level of the competition.
The intensity of price war among vendors will drive product innovations in the global market over the next few years. The top players in the global market are competing on the basis of quality, quantity, technology, services, and price.
The major vendors in the global market are:
- Techtronic Industries (TTI)
- Oreck Corporation
- Hoover Commercial
- Nilfisk
- Tennant
- Alfred Karcher
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Advent of Industrialization 4.0
8.1.2 Stringent Safety and Hygiene Standards at Workplaces
8.1.3 Lack of Skilled Workers in Industries
8.1.4 Increase in Adoption and Implementation of Automation in Industries
8.2 Market Growth Restraints
8.2.1 Low Rates of Penetration and Adoption of Cleaning Standards in Emerging Economies
8.2.2 High Cost of Procurement and Installation
8.2.3 Volatility in Raw Material Prices
8.3 Market Opportunities & Trends
8.3.1 Robotics and IoT Enhancing Functionalities of Industrial Vacuum Cleaners
8.3.2 Increased Focus on Digitization in Developed Economies
9 Global Industrial Vacuum Cleaner Market
9.1 Market Overview
9.2 Porter's Five Forces Analysis
10 By Product Type
10.1 Market Overview
10.2 Canister industrial vacuum cleaners
10.3 Upright industrial vacuum cleaners
10.4 Backpack industrial vacuum cleaners
11 By Technology
11.1 Market Overview
11.2 Electric Industrial vacuum cleaners
11.3 Pneumatic Industrial vacuum cleaners
12 By Mobility System
12.1 Market Overview
12.2 Portable industrial vacuum cleaners
12.3 Stationary industrial vacuum cleaners
13 By End-User
13.1 Market Overview
13.2 Manufacturing
13.3 Food and Beverage
13.4 Pharmaceuticals
13.5 Construction
13.6 Metalworking and Mining
13.7 Other
14 By Geography
14.1 Market Overview
15 North America
16 Europe
17 APAC
18 Latin America
19 Middle-East & Africa
20 Competitive Landscape
20.1 Market Overview
20.2 Adoption of innovative Technologies
20.2.1 Robotics
20.2.2 Internet of Things
20.2.3 Battery Innovations
20.2.4 Sustainable Cleaning Technology
20.3 Market Structure and Mapping of Competition
20.3.1 Herfindahl-Hirschman Index
21 Key Company Profiles
21.1 Oreck Commercial
21.2 Hoover Commercial
21.3 Nilfisk
21.4 Tennant
21.5 Alfred Karcher
22 Other Prominent Vendors
22.1 Powr-Flite
22.2 Delfin
22.3 Dynavac
22.4 American Vacuum Company
22.5 Quirepace (BVC)
22.6 Goodway Technologies
22.7 Numatic International Ltd.
22.8 Vac-U-max
22.9 RGS Vacuum Systems
22.10 CS Unitech
For more information about this report visit https://www.researchandmarkets.com/research/xk59vt/764_million?w=5
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