Floor cleaning machines market 2023-2027: A descriptive analysis of five forces model, market dynamics, and segmentation - Technavio

NEW YORK, Jan. 24, 2023 /PRNewswire/ -- According to Technavio, the global floor cleaning machines market size is estimated to grow by USD 2,426.45 million from 2022 to 2027. The market is expected to grow at a CAGR of 4.9%. Moreover, the growth momentum will accelerate. North America will account for 43% of the growth of the global market during the forecast period. 

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Global floor cleaning machines market - Five forces
The global floor cleaning machines market is fragmented, and the five forces analysis covers– 

• Bargaining power of buyers 
• The threat of new entrants
• Threat of rivalry
• Bargaining power of suppliers
• Threat of substitutes
• For an interpretation of Porter's five forces model – buy the report!

Global floor cleaning machines market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global floor cleaning machines market - Segmentation assessment

Segment overview
Technavio has segmented the market based on application (professional cleaning equipment and consumer cleaning equipment) and product (floor scrubbers, vacuum cleaners, floor sweepers, and others). 

• The professional cleaning equipment segment will grow at a significant rate during the forecast period. This equipment includes high-pressure cleaners, vacuum cleaners, carpet and upholstery cleaners, steam cleaners and steam vacuum cleaners, scrubber driers, sweepers and vacuum sweepers, floor scrubbers and scrubber dryers, rider scrubbers, rider sweepers, walk-behind scrubbers, walk-behind sweepers. Professional floor cleaning machines are used in building service contractors and commercial establishments such as hotels, retail, business offices, gymnasiums, restaurants, and entertainment centers. They are also used in public buildings such as government offices, hospitals, schools, and transportation centers. Therefore, the use of professional cleaning equipment in various sectors, such as commercial, industrial, aviation, and retail, is expected to drive the growth of this segment during the forecast period.

Geography overview
Based on geography, the global floor cleaning machines market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global floor cleaning machines market.

• North America is estimated to account for 43% of the growth of the global market during the forecast period. The growth of the regional market depends on the construction of residential and non-residential buildings. In the US, with the increasing number of new housing starts, the residential construction segment will grow significantly. In Mexico, the rise in manufacturing output, driven by the automotive sector and its ancillary industries, will boost non-residential infrastructure development. These factors will increase the demand for floor cleaning equipment in the region during the forecast period.

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Global floor cleaning machines market – Market dynamics
Key factor driving market growth

• The demand for janitorial cleaning services is driving the market growth.
• The janitorial segment of the global cleaning services market comprises vendors that offer services such as cleaning the interiors and exteriors of buildings and transportation modes such as aircraft, cars, rail, and ships.
• Vendors of such services are expected to emerge as key consumers of floor cleaning products owing to the rising demand from offices, educational institutions, and retail complexes.
• In addition, the global economic growth will also drive the future growth prospects of this segment.
• These factors will fuel the growth of the global market during the forecast period.

Leading trends influencing the market 

• Rising investments in R&D are a key trend in the market.
• Some of the innovative applications and solutions in the market are the inclusion of room memory, improved battery life, and higher efficiency of products.
• Vendors are also working on reducing the cost of maintenance and upgrades.
• Moreover, technological advances and changes in consumer preferences are encouraging vendors to offer innovative and highly-efficient floor scrubbers.
• These factors will support the growth of the global market during the forecast period.

Major challenges hindering market growth

• The availability of low-cost manual labor in developing countries is challenging the global floor cleaning machines market growth.
• In countries such as India and China, the demand for floor-cleaning equipment is low due to the availability of low-cost labor.
• The informal economy accounts for a substantial and important portion of the labor force in many developing countries in APAC.
• Moreover, the labor share of GDP in several countries in the region has been declining.
• Such factors are expected to impede the growth of the global floor cleaning machines market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this floor cleaning machines market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the floor cleaning machines market between 2023 and 2027
• Precise estimation of the size of the floor cleaning machines market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the floor cleaning machines market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of floor cleaning machines market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global floor cleaning machines market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global floor cleaning machines market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Professional cleaning equipment - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Professional cleaning equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Professional cleaning equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Professional cleaning equipment - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Professional cleaning equipment - Year-over-year growth 2022-2027 (%)

• 6.4 Consumer cleaning equipment - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Consumer cleaning equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Consumer cleaning equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Consumer cleaning equipment - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Consumer cleaning equipment - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Application 
• Exhibit 42: Market opportunity by Application ($ million)

7 Market Segmentation by Product

• 7.1 Market segments 
• Exhibit 43: Chart on Product - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 45: Chart on Comparison by Product
• Exhibit 46: Data Table on Comparison by Product

• 7.3 Floor scrubbers - Market size and forecast 2022-2027
• Exhibit 47: Chart on Floor scrubbers - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Floor scrubbers - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Floor scrubbers - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Floor scrubbers - Year-over-year growth 2022-2027 (%)

• 7.4 Vacuum cleaners - Market size and forecast 2022-2027
• Exhibit 51: Chart on Vacuum cleaners - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Vacuum cleaners - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Vacuum cleaners - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Vacuum cleaners - Year-over-year growth 2022-2027 (%)

• 7.5 Floor sweepers - Market size and forecast 2022-2027
• Exhibit 55: Chart on Floor sweepers - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Floor sweepers - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Floor sweepers - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Floor sweepers - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
• Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Product 
• Exhibit 63: Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027
• Exhibit 105: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 Alfred Karcher SE and Co KG 
• Exhibit 116: Alfred Karcher SE and Co KG - Overview
• Exhibit 117: Alfred Karcher SE and Co KG - Product / Service
• Exhibit 118: Alfred Karcher SE and Co KG - Key offerings

• 12.4 Aman Cleaning Equipments Pvt Ltd 
• Exhibit 119: Aman Cleaning Equipments Pvt Ltd - Overview
• Exhibit 120: Aman Cleaning Equipments Pvt Ltd - Product / Service
• Exhibit 121: Aman Cleaning Equipments Pvt Ltd - Key offerings

• 12.5 Astol Cleantech Pvt. Ltd. 
• Exhibit 122: Astol Cleantech Pvt. Ltd. - Overview
• Exhibit 123: Astol Cleantech Pvt. Ltd. - Product / Service
• Exhibit 124: Astol Cleantech Pvt. Ltd. - Key offerings

• 12.6 Bortek Industries Inc. 
• Exhibit 125: Bortek Industries Inc. - Overview
• Exhibit 126: Bortek Industries Inc. - Product / Service
• Exhibit 127: Bortek Industries Inc. - Key offerings

• 12.7 Clemas and Co. Ltd 
• Exhibit 128: Clemas and Co. Ltd - Overview
• Exhibit 129: Clemas and Co. Ltd - Product / Service
• Exhibit 130: Clemas and Co. Ltd - Key offerings

• 12.8 EUREKA Spa Unipersonale 
• Exhibit 131: EUREKA Spa Unipersonale - Overview
• Exhibit 132: EUREKA Spa Unipersonale - Product / Service
• Exhibit 133: EUREKA Spa Unipersonale - Key offerings

• 12.9 Fimap Spa 
• Exhibit 134: Fimap Spa - Overview
• Exhibit 135: Fimap Spa - Product / Service
• Exhibit 136: Fimap Spa - Key offerings

• 12.10 Hako GmbH 
• Exhibit 137: Hako GmbH - Overview
• Exhibit 138: Hako GmbH - Product / Service
• Exhibit 139: Hako GmbH - Key offerings

• 12.11 ICE Cobotics 
• Exhibit 140: ICE Cobotics - Overview
• Exhibit 141: ICE Cobotics - Key offerings

• 12.12 Makita Corp. 
• Exhibit 142: Makita Corp. - Overview
• Exhibit 143: Makita Corp. - Business segments
• Exhibit 144: Makita Corp. - Key offerings
• Exhibit 145: Makita Corp. - Segment focus

• 12.13 Nilfisk AS 
• Exhibit 146: Nilfisk AS - Overview
• Exhibit 147: Nilfisk AS - Business segments
• Exhibit 148: Nilfisk AS - Key offerings
• Exhibit 149: Nilfisk AS - Segment focus

• 12.14 Techtronic Industries Co. Ltd. 
• Exhibit 150: Techtronic Industries Co. Ltd. - Overview
• Exhibit 151: Techtronic Industries Co. Ltd. - Business segments
• Exhibit 152: Techtronic Industries Co. Ltd. - Key offerings
• Exhibit 153: Techtronic Industries Co. Ltd. - Segment focus

• 12.15 Tennant Co 
• Exhibit 154: Tennant Co - Overview
• Exhibit 155: Tennant Co - Business segments
• Exhibit 156: Tennant Co - Key offerings
• Exhibit 157: Tennant Co - Segment focus

• 12.16 Tornado Industries Inc. 
• Exhibit 158: Tornado Industries Inc. - Overview
• Exhibit 159: Tornado Industries Inc. - Product / Service
• Exhibit 160: Tornado Industries Inc. - Key offerings

• 12.17 WIESE USA 
• Exhibit 161: WIESE USA - Overview
• Exhibit 162: WIESE USA - Product / Service
• Exhibit 163: WIESE USA - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 164: Inclusions checklist
• Exhibit 165: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 166: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 167: Research methodology
• Exhibit 168: Validation techniques employed for market sizing
• Exhibit 169: Information sources

• 13.5 List of abbreviations 
• Exhibit 170: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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