NEW YORK, May 25, 2022 /PRNewswire/ -- The Floor Cleaning Machines Market value is set to grow by USD 1.94 billion, progressing at a CAGR of 5% from 2020 to 2025, as per the latest report by Technavio.
Highlights-
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alfred Karcher SE & Co. KG, Clemas & Co. Ltd., EUREKA Spa Unipersonale, Fimap Spa, Hako GmbH, Nilfisk AS, Techtronic Industries Co. Ltd., Tennant Co., Tornado Industries Inc., and WIESE USA are some of the major market participants.
Although the demand for janitorial cleaning services will offer immense growth opportunities, the availability of low-cost manual labor in developing countries is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this floor cleaning machines market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
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Floor Cleaning Machines Market 2021-2025: Segmentation
The floor cleaning machines market share growth by the professional cleaning equipment segment will be significant during the forecast period. This segment incorporates the demand for professional floor cleaning machines from building service contractors and from commercial establishments, such as hotels, retail, business offices, gymnasiums, restaurants, and entertainment centers. The non-residential segment is expected to be driven by the demand from the downstream nonresidential construction sector, particularly the office, healthcare, and hotel segments.
42% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for floor cleaning machines market in North America. Market growth in this region will be faster than the growth of the market in other regions. Investments in residential construction are driving the growth of the floor cleaning machines market in the region. Strong growth in the residential construction segment will facilitate the floor cleaning machines market growth in North America over the forecast period.
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Floor Cleaning Machines Market 2021-2025: Scope
The floor cleaning machines market report covers the following areas:
Floor Cleaning Machines Market 2021-2025: Key Highlights
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Floor Cleaning Machines Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5% |
Market growth 2021-2025 |
$ 1.94 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.80 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 42% |
Key consumer countries |
US, Germany, UK, China, France, and Canada |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Alfred Karcher SE & Co. KG, Clemas & Co. Ltd., EUREKA Spa Unipersonale, Fimap Spa, Hako GmbH, Nilfisk AS, Techtronic Industries Co. Ltd., Tennant Co., Tornado Industries Inc., and WIESE USA |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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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Technavio Research
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UK: +44 203 893 3200
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Website: www.technavio.com/
SOURCE Technavio
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