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Worldwide floorcare machines market to reach US$ 4,600mn by 2025
A recent global market study on floorcare machines has concluded that the floorcare machines market will experience a Compound Annual Growth Rate of 3.0%, with market size reaching over US$4,600 million by the end of 2025.
Despite lagging behind in terms of growth rate during the forecast period, scrubbers will remain the dominant machine type, holding approximately a one-third revenue share of the market. Burnishers are expected to lead the global market with the highest growth rate of over 3.8% during the forecast period.
'Floor Care Machine Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)', presents in-depth insights on the floorcare machine market during the forecast period. It says that the global floorcare machine market will witness an increase in demand, given the emerging trend of machine-assisted cleaning around the globe.
North America is expected to hold the highest market value of over US$1,300 million by the end of 2025, although Asia Pacific is in close competition in terms of market size. However, the European market is expected to witness the highest growth rate, as it is projected to grow at a CAGR of 3.3% during the forecast period.
The study acknowledges that to encourage us to mechanise our floor cleaning procedures, manufacturers are now focusing on integrating innovative technologies into the machines. The new machines are more economical, compact in size and are also equipped with artificial intelligence.
"Some of the new cleaning machines are equipped with multiple cameras and sensors that use LIDAR (light detection and ranging) and sensitive bumpers to detect obstacles," it says. "Such machines are embedded with simultaneous localisation and mapping (SLAM) technology to keep users aware of the location of the machines."
This comprehensive research report consists of a brief profile of all the key players operating in the global floorcare machine market. The profile depicts a SWOT analysis of all these key players along with the current and future strategies of the companies. Some of the key players mentioned in the report are Nilfisk Group, Alfred Kärcher GmbH, Tennant Company, Hako Group (Minuteman Intl, and PowerBoss), Eureka S.p.A. Unipersonale, International Cleaning Equipment (ICE), Comac SpA, Fimap S.p.A. etc.
22nd February 2018