Global Floor Cleaning Equipment Market Overview, 2022-2027

Global Floor Cleaning Equipment Market Overview, 2022-2027

Floor cleaning machines are designed in a way that they clean floors, carpets, and rugs using methods like scrubbing, suction, and others, more efficiently when compared to manual cleaning. The research report titled “Global Floor Cleaning Equipment Market Overview, 2027”, published by Bonafide Research categorizes the market to forecast the revenues and analyze the trends in each of the following segments: based on product type (Vacuum Cleaner, Floor Scrubber, Floor Sweeper, Others), based on application (Residential & Commercial), based on region, countries & major companies.

The growing demand for electrically driven cleaning machines with the growing residential infrastructure and stringent rules regarding hygiene in the commercial spaces have been a major driver for the floor cleaning machine market. The global market demonstrated a value of USD 11.93 Billion in 2021, growing with an increase in awareness about the correlation of hygiene environment and health. Semi-automatic and automatic floor cleaning machines have gained immense popularity over manual floor cleaning equipment with continuous technological advances. Through the forecasted period, the market is expected to have a CAGR of over 9%. With time, the evolution of these machines took place to make them more adaptive to the customer requirements. The technological advancement took these products from a basic cleaner to equipment that can be used for different methods, such as scrubbing, suction, and others. Floor cleaners are now designed to adapt to the different types of floorings like concrete, wood, etc., and also applicable in carpets and rugs.

The global market was dominated by vacuum cleaners, holding to around 40% market share in 2021. However, the high cost of such equipment is likely to restrain the overall market growth. Despite this fact, the floor sweeper segment is to show the highest anticipated CGAR of over 10%. Floor cleaning equipment has an extensive application across residential, industrial, and commercial sector such as entertainment malls, restaurants & resorts, hospitals, airports, etc. are significantly contributing to the global floor cleaning equipment market. However, high costs of automatic and semi-automatic floor cleaning equipment are expected to hamper the market growth. Further, stringent government rule regarding cleanliness is expected to influence the floor cleaning equipment market growth over the forecast period. The growing construction of commercial and industrial sector offer lucrative growth opportunities for the market player of floor cleaning equipment market.

The growing demand of electric machine and handles, introduction of ride-on models of floor cleaners, increasing usages of various flowing material such as wood, ceramic, stone and others, increasing consciousness among the consumer regarding airborne diseases are some of the major factors which will likely to boost the growth of the floor cleaning equipment market in the forecast period of 2022-2027. On the other hand, the rapid development of the commercial sector along with rising usages of flooring material such as stones, rubber material, natural wood, contributed to an immense opportunity, by holding a share of over 80% in 2021. The outbreak of Covid 19, sow a seed of fear, which compelled a frequent thorough cleaning of the household. This is to benefit the household segment of the cleaning equipment use allowing the market to grow over an anticipated CAGR of almost 12%. Social media & digital platforms have been instrumental in increasing awareness about the need to maintain hygiene along with rolling out information about technologically advanced products and new launches.

Asia-Pacific region dominates the market, attributed to the rapid industrialization and increasing disposable income. China is considered to be the manufacturing hub and India's manufacturing sector is on the rise due to the “Make in India” initiative. It is expected that the number of manufacturing facilities will increase, leading to a rise in the demand for floor scrubbers. Latin America and Middle East & Africa together could hardly cover 15% of the global market by 2027.

Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Floor cleaning equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for floor cleaning equipment in the global market.

COVID-19 Impact
The global market was affected by the pandemic in a mixed manner, the positive impact on the market was created by the increasing need of hygiene which led to the market growth globally. The floor cleaning equipment market also observed major technological advancement in terms of automation which was due to the inconsistent human resource availability. On the other hand the high cost of products lead to the decline in growth as the consumers was looking to cut down the non-essential expense, especially in developing countries.

Major Companies in the market
Nilfisk Group, Alfred Kärcher GmbH & Co. KG, Amano Corporation, Diversy, Dyson, EUREKA,; iRobot, Miele, Electrolux AB, Hoover, Biselle
This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For this study, Bonafide Research has segmented the Global Floor Cleaning Equipment Market report based on product, technology, end users, and region:

Considered in the report
• Geography: Global
• Base year: 2021
• Historical year: 2016
• Forecasted year: 2027

Region covered:
• North America
• Europe
• Asia
• South America
• Middle East & Africa

Aspects covered in the report
• Market Size by Value for the time period (2016-2027F)
• Market Share by Product (Vacuum Cleaner, Floor Scrubber, Floor Sweeper, Others)
• Market Share by Application (Residential & Commercial)
• Market Share by Region
• Market Share by Country
• Market Share by Company

The approach of the report:
We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free.

Intended Audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the appliance & Equipment industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.