PUBLISHER: Allied Market Research | PRODUCT CODE: 1344414
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344414
According to a new report published by Allied Market Research, titled, "Industrial Vacuum Cleaner Market," The industrial vacuum cleaner market was valued at $956.80 million in 2022, and is estimated to reach $1.7 billion by 2032, growing at a CAGR of 5.9% from 2023 to 2032. Industrial vacuum cleaners are extensively used in industries to maintain hygienic conditions by effectively cleaning substances like oil, grease, and fine dust. These vacuum cleaners are designed with specific features to handle various types of dust, solids, or liquids. The configuration of an industrial vacuum cleaner depends on factors such as required suction power and the nature and quantity of the material to be suctioned.
Industrial vacuum cleaners are available in a wide range of sizes, capacities, and types in the market, thereby making it usable by small-and large-scale industries. Industrial vacuum cleaners are registering a rise in popularity, owing to their advantageous features such as fast paced cleaning and their ability to clean difficult-to-access spaces.
The rise in demand for food & beverage products across the world is anticipated to drive the growth of the industrial vacuum cleaner market. In addition, growth in the pharmaceutical sector, owing to the rise in population and onset of new viruses and diseases is anticipated to drive the demand for industrial vacuum cleaners. However, the high cost of operation of industrial vacuum cleaner restraints the growth of the market. Furthermore, development of autonomous industrial vacuum cleaners and favorable government initiatives to support small-scale industrial sectors are expected to provide lucrative opportunities for the growth of the market.
Furthermore, the conflict between Ukraine and Russia has had far-reaching effects, significantly affecting global inflation rates. As a direct result, there has been increased volatility in the price of basic commodities like oil and gas, which has made a variety of sectors unpredictable. These economic downturn has had a visible impact on the industrial vacuum cleaner industry and its related industries, which have seen an obstruction in growth. The difficulty faced by manufacturers and suppliers has been greatly exacerbated by the growing costs and erratic availability of necessary resources. As businesses navigate through these uncertain times, they must adapt their strategies to mitigate the adverse effects of increased inflation and volatile commodity prices, fostering resilience and seeking alternative approaches to sustain growth.
The industrial vacuum cleaner market is segmented on the basis of product type, mode of operation, end-user industry and region. By product type, the market is categorized into upright, canisters and backpacks. On the basis of mode of operation, it is bifurcated into electric and pneumatic. On the basis of end-user industry, it is categorized into food & beverages, electronics, pharmaceuticals, and others. 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
Competitive analysis and profiles of the major players in the industrial vacuum cleaner market are provided in the report. Major companies in the report include, Alfred Karcher GmbH & Co. KG., Astol Cleantech Pvt. Ltd., Dynavac, Kevac srl, SJE Corporation Ltd., Tennant Company, American Vacuum Company, Nilfisk, Inc., Hoover Commercial, and Delfin Industrial Vacuums.