Industrial floor scrubber market forecast
According to the industrial floor scrubber industry analysis, the industrial floor scrubber market will grow steadily at a CAGR of above 3% by 2021. One of the primary drivers for this market is the exponential rise in the hospitality and janitorial industry. The increase in tourism in the last few years has increased the demand for hotel rooms worldwide. Hotels and restaurants are among the major customers of floor scrubbers, which has significantly boosted the revenue for the industrial floor scrubber market.
Also, a direct correlation between the number of hotel rooms and the demand for floor cleaning services has been observed. Many hotel chains in India are expected to construct new hotels in the country. For instance, Hyatt opened the following ten hotels globally in the second half of 2016, under the brands of Hyatt House and Hyatt Place. Moreover, the janitorial segment will aid in increasing the industrial floor market growth during the forecast period.
Commercial floor scrubbers market trends
Green and sustainable cleaning methodologies are among the key trends prevailing in the global industrial floor scrubber market and are expected to grow at the same rate. They reduce the carbon footprint of the equipment by optimizing product manufacturing processes, using natural and renewable resources, utilizing recyclable material and large containers for packaging to curb usage of plastics, and reducing fuel consumption for transportation. Adopting green and sustainable cleaning methodologies will help achieve greater operational efficiency. Various participants in the value chain in the industrial cleaning market could leverage such practices to improve overall health, reduce costs, and extend the longevity of buildings.
Commercial floor scrubbers market: Competitive landscape and key vendors
The industrial floor scrubber market is highly fragmented with the presence of many well-diversified players, and the competition among these players is intense. In several developing and underdeveloped countries, local or regional vendors dominate the market. However, as the global players increase their footprint in the market with their strong infrastructure and R&D support, regional vendors find it increasingly difficult to compete in terms of reliability, technology, and price. This has compelled the vendors to focus on developing new technologies and stay abreast of the emerging technologies that could affect the continuing competitiveness of their product lines in the market.
Leading vendors in the commercial floor scrubbers market
- Hako
- Nilfisk
- Tennant
- Tornado
Industrial floor scrubber market segmentation by product
- Ride-on scrubber
- Walk-behind scrubber
During 2016, the walk-behind scrubbers dominated the industrial floor scrubber market and accounted for a major part of the overall market share. Walk-behind scrubbers are self-propelled appliances with higher productivity than other appliances because of advanced product technology. The product reduces the total cleaning cost, which is the key reason for the dominance in this market segment. The market for walk-behind scrubbers is expected to grow at an exponential rate during the next few years.
Industrial floor scrubber market based on geographical segmentation
- APAC
- Europe
- North America
- ROW
In this market study, analysts have estimated North America to dominate the industrial floor scrubber market during the forecast period. The industrial floor scrubber market in North America is characterized by consolidation and inorganic growth, with key vendors acquiring prominent local players to expand their market presence. The US is the largest market for industrial floor scrubbers in the region. Industrial floor cleaners have been standard in most of the commercial as well as residence sectors in the US.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global industrial floor scrubber market?
- What are the key market trends impacting the growth of the global industrial floor scrubber market?
- What are the challenges to market growth?
- Who are the key vendors in the global industrial floor scrubber market?
- What are the market opportunities and threats faced by the vendors in the global industrial floor scrubber market?
- Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
- What are the key outcomes of the five forces analysis of the global industrial floor scrubber market?
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