Industrial Floor Cleaners Market Recorded 8% CAGR in 2021 | APAC will occupy 39% market share

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NEW YORK, June 15, 2022 /PRNewswire/ — The difference in potential growth of the industrial floor cleaners market will be $985.7 million from 2020 to 2025. The report forecasts that the growth momentum will accelerate to a CAGR of 5.51% according to Technavio’s latest market report. The concierge industry growth is a major driver for the growth of the global industrial floor cleaners market share. Concierge service 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 commercial spaces. The industry is expected to be dominated by the commercial sector, followed by the residential sector. The growth of this segment over the last five years is due to the outsourcing of cleaning services and investments in new industrial buildings, particularly in the sectors of education, health, agribusiness, pharmacy and industry. One of the advantages of the housekeeping segment is the low level of regulations and policies apart from general state-specific labor and health and safety regulations. The approaching maturity of the janitorial services market due to recent consolidations is a key trend driving the growth of industrial floor cleaners.

Technavio has announced its latest market research report titled Industrial Floor Cleaners Market by Product and Geography – Forecast and Analysis 2021-2025

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Prepare for great business results with this exclusive Industrial Floor Cleaners Market Technavio report. The report will include highlights of the overall market, which includes frequently asked questions such as –

  • What are the historical revenue figures and estimated revenue figures along with the CAGR during the forecast period?

  • What is the current trend in the market?|

  • What are the business tactics that will influence the competitive scenarios while defining the growth potential of the market?

  • What are the market drivers, restraints, and challenges impacting market demand and growth?

  • Which regions and segments will generate massive revenue and emerge as market leaders in the coming years?

The competitive scenario predicted in the Industrial Floor Cleaners Market report analyzes, evaluates and positions companies based on various performance indicators. Some of the factors taken into consideration for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, market share growth, etc. your business goals with our Industrial Floor Cleaners Market Forecast Report – Buy now!

Industrial Floor Cleaners Market: Product Landscape

The growth of industrial floor cleaners market share in the floor scrubber segment will be important for revenue generation. Floor scrubbers can be used on ceramic tile, porcelain tile, terrazzo, vinyl tile and concrete floors. Since floor scrubbers provide effective results without the use of chemicals, the industrial floor scrubber market is expected to be driven by the growing emphasis on chemical-free cleaning.

Industrial Floor Cleaners Market: Geographic Landscape

39% of market growth will come from APAC during the forecast period. China and Japan are the major markets of the industrial floor cleaners market in APAC. The market growth in this region will be faster than the market growth in all other regions. The growing geriatric population and changing lifestyles are contributing to an increase in chronic health conditions, such as diabetes, which is driving the demand for healthcare facilities in the region. The healthcare industry generates almost half of the demand for industrial floor cleaners due to the presence of several facilities that use cleaning chemicals. This will facilitate the growth of the industrial floor cleaners market in APAC over the forecast period.

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Companies covered:

The market for industrial floor cleaners is fragmented and vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.

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Scope of the industrial floor cleaners market

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 5.51%

Market Growth 2021-2025

$985.7 million

Market structure

Fragmented

Annual growth (%)

8.00

Successful market contribution

Asia-Pacific at 39%

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

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

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and get segments to customize.

Contents

1. 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 Supplier Landscape

10 Vendor Analysis

11 Appendix

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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