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The industrial floor cleaner market share is expected to increase by USD 985.7 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.51%.
This industrial floor cleaner market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial floor cleaner market segmentation by product (floor scrubber, vacuum cleaner, floor sweeper, power washer or pressure cleaner, and others) and geography (North America, APAC, Europe, South America, and MEA). The industrial floor cleaner market report also offers information on several market vendors, including Alfred Karcher SE and Co. KG, Clemas & Co. Ltd, Diversey Inc., EUREKA Spa Unipersonale, Fimap Spa, Hako GmbH, Nilfisk AS, Tennant Co., Tornado Industries Inc., and WIESE USA among others.
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The growth of the janitorial industry is notably driving the industrial floor cleaner market growth, although factors such as low industrialization in developing and underdeveloped nations may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial floor cleaner industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Industrial Floor Cleaner Market Driver
The growth of the janitorial industry is a major factor driving the global industrial floor cleaner market share growth. Janitorial services companies are more established in industrialized countries. The market has been growing since 2010 and is expected to grow at a faster rate over the forecast period. The commercial sector mainly comprises office buildings, municipal structures, and retail spaces. The industry is expected to be dominated by the commercial sector, followed by the residential sector. Growth in this segment over the past five years was due to the outsourcing of cleaning services and investments in new industrial buildings, particularly in the educational, healthcare, food processing, pharmaceuticals, and manufacturing industries. One of the advantages of the janitorial segment is the low level of regulations and policies apart from general state-specific occupational and health and safety regulations. The nearing maturity of the janitorial services market due to recent consolidations is a key trend leading to growth in industrial floor cleaners.
Key Industrial Floor Cleaner Market Trend
The growing demand for floor scrubbers is another factor supporting the global industrial floor cleaner market share growth. Retail stores, convenience stores, and other places are witnessing high adoption of industrial floor scrubbers. Industrial floor scrubbers dry the floors instantly and quickly and consume less water compared with other types of floor cleaners. This helps decrease the likelihood of consumers slipping and falling. The product provides cleaning efficiency and helps completely remove grease, grime, and dirt that are difficult to remove with traditional mops. Additionally, the product is easy to use. Depending on the type of floor, either walk-in or ride-on scrubbers can be used. Due to such reasons, the demand for floor scrubbers will continue to grow during the forecast period.
Key Industrial Floor Cleaner Market Challenge
The low industrialization in developing and underdeveloped nations will be a major challenge for global industrial floor cleaner market share growth during the forecast period. In most developing countries, production systems and manufacturing units are insufficient. The lack of raw materials in these regions hinders the process of industrialization. Along with this, the presence of unskilled labor creates undesirable conditions. Political instability also acts as a hindrance to the growth of industrialization in some regions. Additionally, the lack of modern technology in the industries in some regions hampers the market growth. Although modern technology offers more efficiency in production, the end-users in these regions are reluctant to adopt them and prefer conventional production systems. Moreover, the prevalence of child labor is a prominent challenge in certain regions of APAC and the Middle East and Africa. These forces restrict the developments in the industrial floor cleaner markets in developing and underdeveloped regions.
This industrial floor cleaner market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global industrial floor cleaner market as part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial floor cleaner market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the industrial floor cleaner market encompasses successful business strategies deployed by the key vendors. The industrial floor cleaner market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The industrial floor cleaner market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the industrial floor cleaner market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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