According to the report, the market for floor care machines market is anticipated to expand at a CAGR of 3% over the forecast period. The industrial sector is anticipated to have an increasing need for floor cleaning equipment during the anticipated time frame.
The analysis and thorough study indicate that the development of the floor care machine market has been positively impacted by the incorporation of cutting-edge technologies into these products to help consumers become accustomed to futuristic automated products. A significant factor driving the growth of the floor care machine market over the anticipated period is additionally the high demand for floor cleaning equipment for industrial and commercial applications.
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Substantial demand for scrubbers and vacuum cleaners is fueling the growth of the floor care machine market during the forecast period. The market value for global floor care machine market is anticipated to be ~US$ 4 Bn by the end of 2019, as indicated by PMR’s market analysis.
M&A Remain a Priority for Key Market Players
Merger and acquisition strategies are executed by manufacturers in order to stay afloat in the intense market competition. Furthermore, manufacturers are aiming to expand their manufacturing facilities for floor care machines, which is expected to drive market growth during the forecast period. For instance, in January 2019, Tennant Company acquired Gaomei Cleaning Equipment Company, based in Hefei, China. It is a renowned company involved in the development and manufacturing of cleaning equipment and solutions for industrial and commercial applications.
Stable Demand from the Industrial Sector Sustaining Market Revenues
According to PMR’s detailed analysis, prominent market players in the floor care machine market are providing floor care machines with distinctive properties, on the basis of machine type, such as burnishers, scrubbers, sweepers, filters & vacuum cleaners, and specialty cleaning equipment. Concentrated demand for floor care machines is from the industrial sector, followed by commercial, and indicates significant growth in the floor care machine market growth throughout the forecast period.
Leveraging IoT (Internet of Things) for Hygienic Indoor Environment
A spectacular drift is observed in the sector, with the manufacturing of floor care machines, where clean environment remains a prominent focus. Widespread efforts to improve hygienic conditions and health of occupants have led to the introduction of IoT to monitor atmosphere inside the work shed area. Hence, innovative floor care machines are expected to develop at a rapid pace.
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Floor Care Machine Market: Vendor Insights
PMR’s research report also highlights innovative insights about the viable setup of the floor care machine market and characteristic approaches of key market participants. Some prominent market players are
- Nilfisk Group
- Alfred Kärcher GmbH & Co. KG
- Tennant Company
- Hako Group
- EUREKA S.p.A. Unipersonale
- Fimap S.p.A.
- International Cleaning Equipment
- Comac S.p.A.
- Clemas & Co. Limited
- Tornado Industries
Significant players of the floor care machine market are implementing several strategies associated with demand from customers and manufacturers. Substantial expansions, innovations, and R&D investments to improve product portfolio are seen in the market. For example, in March 2017, Alfred Kärcher GmbH & Co. KG introduced a new walk-behind scrubber drier BD 30/4 C with disc technology.
Owing to factors such as urbanization, speedy industrial growth, integration of advanced technologies, and stable political background in the region, North America is estimated to hold a significant value share in the global floor care machine market over the forecast period. Presence of key market players in the region and merger, acquisition, and collaboration activities are major factors boosting the growth of the floor care machine market in North America.
This study highlights key opportunities in the floor care machine market and finds that the market would exhibit growth at a CAGR of ~3% during the forecast period. For an in-depth information about the floor care machine market, write to the analyst at
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Product Type
- Burnisher
- Scrubber
- Sweeper
- Filter & Vacuum Cleaner
- Speciality Cleaning Equipment
Application
- Residential
- Commercial
- Industrial
- Manufacturing
- Oil & Gas
- Pharmaceutical
- Others
Region
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
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