Carpet Cleaning Products Market by End-user, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

  • Published: Dec 2020
  • Pages: 120
  • SKU: IRTNTR45762

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The carpet cleaning products market size has the potential to grow by USD 335.55 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by end-user (commercial and residential), distribution channel (offline and online), and geography (North America, Europe, APAC, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including 3M Co., BISSELL Homecare Inc., Church & Dwight Co. Inc., Diversey Inc., Reckitt Benckiser Group Plc, S. C. Johnson & Son Inc., Spectrum Brands Holdings Inc., Techtronic Industries Co. Ltd., The Clorox Co., and The Procter & Gamble Co.

Market Overview

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Market Competitive Analysis

The market is fragmented. 3M Co., BISSELL Homecare Inc., Church & Dwight Co. Inc., Diversey Inc., Reckitt Benckiser Group Plc, S. C. Johnson & Son Inc., Spectrum Brands Holdings Inc., Techtronic Industries Co. Ltd., The Clorox Co., and The Procter & Gamble Co. are some of the major market participants. Factors such as an inclination toward hygiene and cleanliness, rise in construction activities, and increased adoption of carpet flooring will offer immense growth opportunities. However, high competition from unorganized players, market fragmentation, and stringent government regulations may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this carpet cleaning products market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this carpet cleaning products market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • 3M Co.
  • BISSELL Homecare Inc.
  • Church & Dwight Co. Inc.
  • Diversey Inc.
  • Reckitt Benckiser Group Plc
  • S. C. Johnson & Son Inc.
  • Spectrum Brands Holdings Inc.
  • Techtronic Industries Co. Ltd.
  • The Clorox Co.
  • The Procter & Gamble Co.

 

Carpet Cleaning Products Market: Segmentation by Geography

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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. North America will offer several growth opportunities to market vendors during the forecast period. 

30% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for carpet cleaning products in North America. This report provides an accurate prediction of the contribution of all segments to the growth of the carpet cleaning products market size.

Carpet Cleaning Products Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will carpet cleaning products market growth during the next five years
  • Precise estimation of the carpet cleaning products market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the carpet cleaning products industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of carpet cleaning products market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The carpet cleaning products market growth will increase by $335.55 million during 2019-2024.
The carpet cleaning products market is expected to grow at a CAGR of 4.29% during 2019-2024.
Technavio has segmented the carpet cleaning products market by end user (Commercial and Residential) ,distribution channel (Offline and Online) , and geographic (North America, Europe, APAC, MEA, and South America).
3M Co., BISSELL Homecare Inc., Church & Dwight Co. Inc., Diversey Inc., Reckitt Benckiser Group Plc, S. C. Johnson & Son Inc., Spectrum Brands Holdings Inc., Techtronic Industries Co. Ltd., The Clorox Co., The Procter & Gamble Co. are a few of the key vendors in the carpet cleaning products market.
North America will register the highest growth rate of 30.30% among the other regions. Therefore, the carpet cleaning products market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the carpet cleaning products market growth are:
  • Inclination toward hygiene and cleanliness
The carpet cleaning products market vendors should focus on grabbing business opportunities from the commercial segment as it accounted for the largest market share in the base year.

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