A lead analyst at AMR highlighted that the industrial cleaning equipment market across Asia-Pacific is expected to cite the fastest CAGR throughout the forecast period.
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Allied Market Research published a research report on the industrial cleaning equipment market. The findings of the report state that the global market for industrial cleaning equipment generated $9.12 billion in 2021, and is projected to reach $14.14 billion by 2031, witnessing a CAGR of 4.3% from 2022 to 2031. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenarios for market players, investors, shareholders, and new entrants.
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“The industrial cleaning equipment market has witnessed significant growth in the past decade, owing to growth in pharmaceuticals and foods & beverages industries across the world. A number of players in the industrial cleaning equipment industry are launching new products to strengthen their foothold in the global market. By type, the floor sweeper segment dominated the industrial cleaning equipment market in 2021, in terms of revenue. This is attributed to its application in a vast number of industries. On the basis of operation, the manual segment registered the highest revenue share in 2021. Depending on end user, the pharmaceutical segment is expected to grow at a higher CAGR during the forecast period, owing to the rise in online food retail.” said Onkar Sumant, Manager, Construction and Manufacturing at Allied Market Research.
The report provides insights on drivers, restraints, and opportunities to help the market players in devising growth strategies and capitalizing on opportunities. Rapidly expanding pharmaceuticals and food & beverages sectors across the globe and the increasing need of reducing product contamination and occupational health hazards in industrial premises drive the growth of the global industrial cleaning equipment market. At the same time, the launch of automated industrial cleaning equipment with technological innovations and favorable government initiatives aiding the expansion of small-scale industries are expected to create lucrative opportunities in the industry.
The report also offers a detailed scenario of the impact of the Covid-19 pandemic on the industrial cleaning equipment market globally. It is helpful for the market players, new entrants, and investors to determine strategies as per the current scenario and improvise the business model for the next few years. Halt in the production of many industrial cleaning equipment components during the pandemic impacted the global industrial cleaning equipment market negatively, especially during the initial period. Disruptions in the supply of raw materials and several restrictions imposed by the government worsened the scenario even more. However, the re-opening of industrial cleaning equipment manufacturing firms at full-scale post-pandemic has now helped the market get back on track.
By type, the floor sweepers segment held the largest share in 2021, contributing to around two-fifths of the global industrial cleaning equipment market. The segment is also predicted to retain its dominant position during the forecast timespan. On the other hand, the vacuum cleaners segment is expected to garner a CAGR of 5.0% from 2022 to 2031.
By operation, the manual segment accounted for the highest in 2021, holding more than four-fifths of the global market. Simultaneously, the automatic segment is projected to display the fastest CAGR of 4.7% during the forecast timeframe.
By region, Asia-Pacific held the major share in 2021, generating nearly half of the global industrial cleaning equipment market share. At the same time, the LAMEA industrial cleaning equipment market would garner the fastest CAGR of 5.4% throughout the forecast period.
Leading market players of the global industrial cleaning equipment market analyzed in the report include Alfred Kärcher SE & Co. KG, Astol Cleantech Pvt. Ltd., Avidbot corp., Blow-tech, Comac India, Dulevo International, Tornado Industries, Dynava, kshayaa Multi Cleaning Pvt. Ltd., Eureka S.p.A., H&K Equipment, Kevac Srl, PressureJet, Roots Multiclean Ltd., SJE Corporation Ltd., Aubotz Labs Pvt Ltd, and Tennant Company.
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