The global industrial vacuum cleaner market is projected to grow at a CAGR of 5.71% to reach US$960.802 million by 2024, from US$688.705 million in 2018. Industrial vacuum cleaners are used across industry verticals in order to keep the premises clean comply with strict government regulations. Introduction of new vacuum cleaners coupled with a growing number of firms in the APAC region on account of favourable government policies is some of the major factors driving the demand for these cleaners. In addition, the presence of stringent government regulation in the food and beverage and the healthcare industry regarding premises cleanliness coupled with booming demand for medical equipment and food and beverage products will boost the demand for vacuum cleaners. North America and Europe held a significant market share due to the early adoption of technology. The Asia Pacific region possesses significant market potential over the forecast period.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the global industrial vacuum cleaner value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global industrial vacuum cleaner market.
Major industry players profiled as part of the report are Nilfisk Industrial Vacuum (Subsidiary of Nilfisk, Inc.), Alfred Karcher SE & Co., KG, Robert Bosch GmbH, Tennant Company, Hako Group, Suiden Co., Ltd., Ruwac Industriesaugh GmbH, and Numatic International Ltd. among others.
The global industrial vacuum cleaner market has been analyzed through the following segments:
Dry Vacuum Cleaners
Wet Vacuum Cleaners
By Power Source
By Industry Vertical
Food and Beverage
Electronics and Semiconductor
Middle East and Africa