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Floor Cleaning Machines Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR41524
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The floor cleaning machines market share is expected to increase by USD 1.94 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5%.

This floor cleaning machines 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 floor cleaning machines market segmentation by product (professional cleaning equipment and consumer cleaning equipment) and geography (North America, Europe, APAC, South America, and MEA). The floor cleaning machines market report also offers information on several market vendors, including Alfred Karcher SE & Co. KG, Clemas & Co. Ltd., EUREKA Spa Unipersonale, Fimap Spa, Hako GmbH, Nilfisk AS, Techtronic Industries Co. Ltd., Tennant Co., Tornado Industries Inc., and WIESE USA among others.

What will the Floor Cleaning Machines Market Size be During the Forecast Period?

Floor Cleaning Machines Market Size

Download the Free Report Sample to Unlock the Floor Cleaning Machines Market Size for the Forecast Period and Other Important Statistics

 

Floor Cleaning Machines Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The demand from janitorial cleaning services is notably driving the global floor cleaning machines market, although factors such as availability of low-cost manual labor in developing countries may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the floor cleaning machines industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Floor Cleaning Machines Market Driver

The demand for janitorial cleaning services is notably driving the global floor cleaning machines market growth. A key reason for the growth of the global floor cleaning machines market is the demand for cleaning equipment from janitorial service providers. The janitorial segment is a key segment of the global cleaning services market and consists of vendors that offer services, such as cleaning the interiors and exteriors of buildings and transportation modes such as aircraft, cars, rail, and ships; it also includes the cleaning services provided to factories, retail outlets, shopping centers and malls, and business and government establishments. Vendors of such services are expected to be the key emerging consumers of floor cleaning products, owing to the rising demand, primarily from offices, educational institutions, and retail complexes. The general improvement in the global economy will also drive the future growth prospects of this segment.

Key Floor Cleaning Machines Market Trend

Rising investments in R&D is the key market trend driving the global floor cleaning machines market growth. The market is witnessing an increased expenditure by vendors on their R&D activities. The market is seeing many innovative applications and solutions, such as the inclusion of room memory, improved battery life, and improved efficiency of products. In addition, vendors are working to reduce the cost of maintenance and upgrades. Rapidly changing technology and changes in consumer preferences are forcing vendors to deliver innovative and highly-efficient floor scrubbers to survive the commoditization in the market. Thus, the market is expected to witness the development of innovative floor scrubbers during the forecast period.

Key Floor Cleaning Machines Market Challenge

The availability of low-cost manual labor in developing countries is the major challenge impeding the global floor cleaning machines market growth. Low-cost labor in developing countries is a major challenge for the global floor cleaning machines market. In countries such as India and China, people prefer domestic servants to gadgets such as vacuum cleaners and floor cleaning machines to clean their houses owing to the easy availability of low-cost labor. In addition, the availability of domestic servants enables the customization of the cleaning process. Therefore, the demand for floor cleaning equipment remains low in these countries.

This floor cleaning machines 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.

Parent Market Analysis

Technavio categorizes the global floor cleaning machines market as a 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 floor cleaning machines market during the forecast period.

Who are the Major Floor Cleaning Machines Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Alfred Karcher SE & Co. KG
  • Clemas & Co. Ltd.
  • EUREKA Spa Unipersonale
  • Fimap Spa
  • Hako GmbH
  • Nilfisk AS
  • Techtronic Industries Co. Ltd.
  • Tennant Co.
  • Tornado Industries Inc.
  • WIESE USA

 

This statistical study of the floor cleaning machines market encompasses successful business strategies deployed by the key vendors. The floor cleaning machines 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 floor cleaning machines 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.

Floor Cleaning Machines Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the floor cleaning machines 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.

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Floor Cleaning Machines Market?

Floor Cleaning Machines Market Market segmentation by region

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42% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for floor cleaning machines market in North America. Market growth in this region will be faster than the growth of the market in other regions.

Investments in residential construction are driving the growth of the floor cleaning machines market in the region. Strong growth in the residential construction segment will facilitate the floor cleaning machines market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Floor Cleaning Machines Market?

Floor Cleaning Machines Market Segmentation

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The floor cleaning machines market share growth by the professional cleaning equipment segment will be significant during the forecast period. This segment incorporates the demand for professional floor cleaning machines from building service contractors and from commercial establishments, such as hotels, retail, business offices, gymnasiums, restaurants, and entertainment centers. The non-residential segment is expected to be driven by the demand from the downstream nonresidential construction sector, particularly the office, healthcare, and hotel segments.

This report provides an accurate prediction of the contribution of all the segments to the growth of the floor cleaning machines market size and actionable market insights on post COVID-19 impact on each segment.

 

Floor Cleaning Machines Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2021-2025

$ 1.94 billion

Market structure

Fragmented

YoY growth (%)

3.80

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 42%

Key consumer countries

US, Germany, UK, China, France, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Alfred Karcher SE & Co. KG, Clemas & Co. Ltd., EUREKA Spa Unipersonale, Fimap Spa, Hako GmbH, Nilfisk AS, Techtronic Industries Co. Ltd., Tennant Co., Tornado Industries Inc., and WIESE USA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Floor Cleaning Machines Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive floor cleaning machines market growth during the next five years
  • Precise estimation of the floor cleaning machines market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the floor cleaning machines industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of floor cleaning machines market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Professional cleaning equipment - Market size and forecast 2020-2025
    • Consumer cleaning equipment - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer Landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Alfred Karcher SE & Co. KG
      • Clemas & Co. Ltd.
      • EUREKA Spa Unipersonale
      • Fimap Spa
      • Hako GmbH
      • Nilfisk AS
      • Techtronic Industries Co. Ltd.
      • Tennant Co.
      • Tornado Industries Inc.
      • WIESE USA

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      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.

      TechnavioINFORMATION 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
      Technavio

      TechnavioDATA 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
      Technavio

      TechnavioREPORT WRITING

      Qualitative

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

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your sample now!
      Floor Cleaning Machines Market market growth will increase by $1.94 bn during 2021-2025.
      The floor cleaning machines market market is expected to grow at a CAGR of 5% during 2021-2025.
      Technavio has segmented the floor cleaning machines market market by product (professional cleaning equipment and consumer cleaning equipment) and geography (North America, Europe, APAC, South America, and MEA).
      Alfred Karcher SE & Co. KG, Clemas & Co. Ltd., EUREKA Spa Unipersonale, Fimap Spa, Hako GmbH, Nilfisk AS, Techtronic Industries Co. Ltd., Tennant Co., Tornado Industries Inc., WIESE USA are a few of the key vendors in the floor cleaning machines market market.
      North America will register the highest growth rate of 42% among the other regions. Therefore, the floor cleaning machines market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the floor cleaning machines market market growth are:
      • demand for janitorial cleaning services
      • Rising investments in R&D
      The floor cleaning machines market market vendors should focus on grabbing business opportunities from the professional cleaning equipment segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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      • Covid-19 impact and recovery analysis
      • Data on revenue-generating market segments
      • Details on the market shares of various regions
      • Five-force market analysis

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