Global Industrial Vacuum Cleaners Market to Reach $948.8 Million by 2030
The global market for Industrial Vacuum Cleaners estimated at US$629.6 Million in the year 2023, is expected to reach US$948.8 Million by 2030, growing at a CAGR of 6% over the period 2023-2030. Dry Vacuum Cleaners, one of the segments analyzed in the report, is expected to record 5.7% CAGR and reach US$572.3 Million by the end of the analysis period. Growth in the Wet & Dry Vacuum Cleaners segment is estimated at 6.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $165 Million, While China is Forecast to Grow at 9.2% CAGR
The Industrial Vacuum Cleaners market in the U.S. is estimated at US$165 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$219.7 Million by the year 2030 trailing a CAGR of 9.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 4.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.
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