PUBLISHER: Allied Market Research | PRODUCT CODE: 1179523
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179523
The global floor cleaning machines market was valued at $5,335.6 million in 2021, and is projected to reach $8,486.4 million by 2031, registering a CAGR of 4.7% from 2022 to 2031. Floor cleaning machines are made to scrub, suction, and other cleaning techniques to thoroughly clean floors, carpets, and rugs. Potential consumers for the global market for floor cleaning equipment include homes and businesses. Floor cleaning machines have a wide range of applications in a variety of industries, including foods & beverages, healthcare, chemicals, commercial buildings, household, and others. With ongoing technological advancements, semi-automatic and automatic floor cleaning machines have gained more and more traction over manual floor cleaning machines. The market offers a variety of machines, each of which is tailored to a certain kind of floor cleaning.
Most of the demand for floor cleaning machines is generated by the foods & beverages industry, homes, and commercial structures such as restaurants and amusement complexes. The requirement to keep floors clean is expanding as the healthcare sector expands to prevent illnesses. This is anticipated to increase demand for the market for floor cleaning machines globally. Furthermore, throughout the forecast period, the global market for floor cleaning machines is anticipated to benefit from strict government requirements that force all companies to maintain the highest level of cleanliness.
Toxic chemicals utilized in the formulation of cleaning products and high cost of automatic and semi-automatic floor cleaning machines, however, are anticipated to hinder the market expansion. Increase in number of small-scale industries in emerging economies, as well as government initiatives to promote them, such the Pradhan Mantri Mudra Yojna and the "Credit Guarantee Fund Trust for Micro and Small Enterprises" (CGTMSE). Floor cleaning machines are frequently utilized in manufacturing factories, hence it is anticipated that an increase in manufacturing companies would create possibilities for the floor cleaning machine market to expand.
The global floor cleaning machines market is segmented on the basis of product type, method, application, and region. By product type, the market is divided into scrubber, vacuum cleaner, sweeper, and others. By method, it is divided into scrubbing, spray cleaning, mopping, burnishing, and others. On the basis of application, it is divided into residential, commercial, and industrial. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Major players that operate in the global market have adopted key strategies such as product launch to strengthen their market outreach and sustain the stiff competition in the market.
Competition analysis
The major players profiled in the floor cleaning machines market include Alfred Karcher GMBH & CO. KG, Bortek Industries, Inc., Comac S.P.A, Denis Rawlins, Eureka S.P.A. Unipersonale, Hako GMBH, Nilfisk, Tennant Company, Tornado Industries and Wiese USA.
Major companies in the market have adopted product launch, business expansion and acquisition as their key developmental strategies to offer better products and services to customers in the floor cleaning machines market.
Key Benefits For Stakeholders
By Product Type
By Method
By Application
By Region