Press release
Floor Care Machines Market will Exhibit a Steady Growth of US$ 4,600 Mn by 2025
According to the report, the global floor care machine market is expected to witness an increase in demand, given the emerging trend of machine assisted cleaning around the globe. This detailed forecast of the floor care machine market indicates that the global market is anticipated to grow at a CAGR of 3.0% during the study period, with market size reaching over US$ 4,600 Mn by the end of 2025. The residential sector is expected to contribute the most with a higher growth rate than the other sectors during the forecast period.
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Trending: Integration of Innovative Technologies in Floor Care Machines
To change the preferences of people towards the use of mechanized versions of floor cleaning, manufacturers are now focusing on integrating innovative technologies in floor care machines. The new floor care machines are more economical, compact in size and are also equipped with artificial intelligence. These products are available in the market in varying capacities, suitable for industrial, residential, as well as commercial applications. Some of the new floor cleaning machines are equipped with multiple cameras and sensors that use LIDAR (light detection and ranging) and sensitive bumpers to detect obstacles. Such floor cleaning machines are embedded with simultaneous localization and mapping (SLAM) technology to keep users aware of the location of the machines.
Key Outcomes of the Segmental Analysis of the Global Floor Care Market
Based on Region, North America is expected to hold the highest market value of over US$ 1,300 Mn by the end of 2025. Asia Pacific is in close competition with North America in terms of market size. However, the Europe market is estimated to witness the highest growth rate during the forecast period. The Europe floor care machine market is projected to grow at a CAGR of 3.3% during the forecast period.
Based on Machine Type, the scrubber segment leads the global market with the highest market size, but lags behind in terms of growth rate during the forecast period. The burnisher machine type is expected to lead the global market with the highest growth rate of over 3.8% during the forecast period.
In terms of Application, the industrial sector demands the maximum number of floor care machines. However, the demand for floor care machines is expected to rise in the residential sector during the forecast period. The residential segment is anticipated to register the highest CAGR in the global floor care machine market.
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Competitive Landscape
This comprehensive research report consists of a brief profile of all the key players operating in the global floor care 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 & Co. KG, Tennant Company, Hako Group (Minuteman Intl, and PowerBoss), EUREKA S.p.A. Unipersonale, International Cleaning Equipment (ICE), Comac SpA, Fimap S.p.A. etc.
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