The global industrial vacuum cleaner market estimated to generate revenues of more than $764 million by 2024
NEW YORK, Jan. 22, 2019 /PRNewswire/ --
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.
Read the full report: https://www.reportlinker.com/p05724770
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 market research report provides in-depth market analysis and segmental analysis of the global industrial vacuum cleaner market by product type, technology, system, end-user, and geography. The report considers the present scenario of the global industrial vacuum cleaner market and its market dynamics for the period 2019?2024. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the market.
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.
Market Segmentation by Product Type
• Upright
• Canister
• Backpack
Market Segmentation by Technology
• Electric
• Pneumatic
Market Segmentation by System
• Portable
• Stationary
Market Segmentation by End-User
• Manufacturing
• Food & Beverage
• Pharmaceuticals
• Building & Construction
• Metal Working & Mining
• Others
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.
Market Segmentation by Geography
• North America
o US
o Canada
• Europe
o Germany
o UK
o France
• APAC
o China
o Japan
o India
• Latin America
o Brazil
o Mexico
• Latin America
o UAE
o Saudi Arabia
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
Other prominent vendors include Powr-Flite, Delfin, Dynavac, American Vacuum Company, Quirepace (BVC), Goodway Technologies, Numatic International Ltd., Vac-U-Max, RGS Vacuum System, and CS Unitech.
Key market insights include
1. The analysis of the global industrial vacuum cleaner market provides market size and growth rate for the forecast period 2019-2024.
2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the global industrial vacuum cleaner market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of global industrial vacuum cleaner market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.
Read the full report: https://www.reportlinker.com/p05724770
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