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The floor scrubber battery market size is estimated to grow at a CAGR of 5.45% between 2022 and 2027. The market size is forecast to increase by USD 141.19 million. The growth of the market depends on several factors such as the growth in tourism and health and retail sectors, the growing adoption of compact and portable floor scrubbers, and the increasing adoption of Li-ion batteries in floor scrubbers.
This floor scrubber battery market report extensively covers market segmentation by product (lead-acid batteries and li-ion batteries), application (industrial, commercial, and residential), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing adoption of Li-ion batteries in floor scrubbers is the key factor driving the growth of the market. Demand for Li-ion batteries is growing rapidly. Therefore, the growth rate of the lead-acid battery market is becoming slower. Price is the distinguishing factor between Li-ion batteries and lead-acid batteries. Li-ion batteries are more expensive than lead-acid batteries. However, major market players are working to improve battery technology and trying to reduce Li-ion battery prices.
Moreover, companies are improving Li-ion batteries, leading to price drops every year. Since 2010, Li-ion battery prices have dropped significantly. The usage of Li-ion batteries is increasing due to their low weight. Therefore, companies are developing Li-ion batteries for specific applications, such as industrial applications and scrubber dryers, which will drive the demand for Li-ion batteries for floor scrubbers during the forecast period.
Increasing consumer spending to increase residential demand for floor scrubbers is the primary trend shaping the growth of the market. This growing urbanization has led to raised awareness of floor scrubbers. Consumer spending is an important economic factor because it reflects overall consumer confidence in a country's economy. High indicators of consumer confidence are often associated with higher levels of consumer spending. Consumer spending is increasing due to the increase in the working population worldwide.
Furthermore, the market for floor scrubbers is growing in the residential sector; People buy scrubber dryers for home cleaning purposes. Therefore, the demand for scrubber dryers is increasing in the residential sector, which will increase the demand for scrubber dryer batteries, thereby driving the global floor scrubber battery market during the forecast period.
The development of fuel cell solutions for floor scrubbers is a challenge that affects the growth of the market. Floor scrubber batteries are used in warehouse applications where operations span three or more shifts per day. These batteries discharge frequently and need to be changed regularly. To overcome these difficulties, fuel cell systems are being developed. Scrubber dryers are mainly used to deep-cycle batteries. However, fuel cell technology is gaining a foothold in the market as well as in floor cleaning applications.
Additionally, Nilfisk-Advance Group was the first company to introduce a combined industrial sweeper-scrubber powered by fuel cells in 2013. Fuel cells have more increased energy density than any other battery technology and are considered clean energy because they use hydrogen to produce energy. Therefore, fuel cell solutions are expected to hinder the growth of the market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Floor Scrubber Battery Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The lead-acid batteries segment is estimated to witness significant growth during the forecast period. Lead acid batteries are widely used in floor scrubbers due to their cost effectiveness compared to Li-ion batteries. Lead acid batteries are designed to maximize the current path and reduce internal resistance. These batteries can be repaired, are mostly maintenance-free, and have maximum usable capacity.
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The lead-acid batteries segment was the largest segment and was valued at USD 368.20 million in 2017. Lead acid batteries are equipped with a safety valve to release excess pressure during operation. They require little maintenance owing to their construction and operating mechanism. Gel and the more common absorbent glass mats (AGMs) are the two main types of valve-regulated lead acid (VRLA) technology available in the market. The growing use of deep-cycle battery technology will drive the growth of the lead acid segment and thereby drive the growth of the global floor scrubber battery market during the forecast period.
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APAC is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The US is the major contributor to the floor scrubber battery market in North America. Other North American economies, such as Canada, contribute to the floor scrubber battery market in the region.
Furthermore, the growing manufacturing industry and demand for scrubber dryers in the retail, hospitality, and healthcare sectors are driving the demand for floor scrubber dryer batteries in the region. Additionally, the shift of manufacturing from APAC to North America could lead to higher consumption of scrubbers and floor cleaners. A positive outlook for the residential and hospitality sector increases the demand for scrubber floor cleaners and floor scrubber batteries market in the region during the forecast period.
In 2020, the outbreak of COVID-19 negatively affected the floor scrubber battery market in North America. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. The resumption of businesses boosted the demand for floor scrubbers, which in turn drove the regional floor scrubber battery market growth. The rising applications of floor scrubbers in the residential and commercial sector is anticipated to propel the growth of the regional floor scrubber battery market during the forecast period.
The floor scrubber battery market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Floor Scrubber Battery Market Scope |
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Report Coverage |
Details |
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Page number |
156 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.45% |
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Market growth 2023-2027 |
USD 141.19 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
5.01 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 41% |
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Key countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Blue Line Battery Inc., C and D Technologies Inc., CDN Energy and Power Corp., Continental Battery Systems, Crown Battery Manufacturing Co., Discover Battery, East Penn Manufacturing Co. Inc., EnerSys, EverExceed Corp., Exide Technologies, Exponential Power Inc., Fullriver Battery, Interstate Batteries Inc., Total Battery, and U.S. Battery Manufacturing Co. |
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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 the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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