Industrial Vacuum Cleaner Market Size to Reach Revenues of over $760 Million by 2024 - Arizton

The global industrial vacuum cleaner market estimated to generate revenues of more than $764 million by 2024, growing at a CAGR of around 6% during 2018-2024.

Increasing industrialization across the world and the growing adoption of smart technology, which include artificial intelligence and robotics, are the main factors that are driving the growth of the industrial vacuum market. Smart technology is being adopted across industrial and commercial verticals. Industrial vacuum cleaners are primarily used in industries such as manufacturing, automotive, food and beverage, pharmaceutical, chemical, metalworking, mining, textiles, plastics, and aerospace. Industrial vacuum cleaners help to maintain the overall cleanliness and hygiene of industrial and commercial space. In commercial places such as shopping malls, airports, railways, where regular cleaning and maintenance is necessary, industrial vacuum cleaners can provide an efficient method of cleaning.

Arizton’s latest market research report considers the present scenario of the global industrial vacuum cleaner market and its market dynamics for the period 2019−2024. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the market.

Industrial Vacuum Cleaner Market – Dynamics

Here are list of trends and drivers that are impacting the revenues and profitability in the industrial vacuum cleaner market:
• Advent of Industrialization 4.0
• Stringent Safety and Hygiene Standards at Workplaces
• Lack of Skilled Workers in Industries
• Increase in Adoption and Implementation of Automation in Industries
• Robotics and IoT Enhancing Functionalities of Industrial Vacuum Cleaners
• Increased Focus on Digitization in Developed Economies

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Industrial Vacuum Cleaner Market – Segmentation

This market research report includes a detailed segmentation of the market by product type, technology, system, end-user, and geography.
• The global industrial vacuum cleaner market by product type is classified into upright, canister, and backpack. Canister vacuum dominated around half of the total market share in 2018, growing at a CAGR of over 5% during the forecast period. The canister systems are designed with a cleaning nozzle which is placed at the end of a wand and is linked to the unit with a hose, and it also contains a dirtbag and a motor.
• The technology segment in the global industrial vacuum cleaner market is divided into electric and pneumatic. Pneumatic technology is the fastest growing segment in the market, at a CAGR of approximately 7% during the forecast period. These systems operated on compressed air driven pumps that function on Bernoulli’s principle.
• Stationary cleaners are designed with a special HEPA filter, which acts as secondary filters for removing potentially harmful dust before it reaches the operator in the market. The stationary cleaners available in the global industrial vacuum cleaner market comes in three-phase or single-phase power source, with an electric motor, pneumatic, or diesel engine.

Market Segmentation by Product Type
• Upright
• Canister
• Backpack
Market Segmentation by Technology
• Electric
• Pneumatic
Market Segmentation by System
• Portable
• Stationary
Market Segmentation by End-User
• Manufacturing
• Food & Beverage
• Pharmaceuticals
• Building & Construction
• Metal Working & Mining
• Others

Industrial Vacuum Cleaner Market – Geography

The global industrial vacuum cleaner market by geography is segmented into North America, APAC, Europe, Latin America, and MEA. Europe dominated the largest market share in 2018, growing at a CAGR of over 5% during the forecast period. The presence of large manufacturing facilities and strong manufacturing sectors is driving the growth of the European market. Germany, UK, and France are the largest end-users of these products in the European market. The exponential growth of the food and beverage and metal cleaning industry across Europe will contribute to the revenues in the global industrial vacuum cleaner market.

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Market Segmentation by Geography
• North America
o US
o Canada
• Europe
o Germany
o UK
o France
• APAC
o China
o Japan
o India
• Latin America
o Brazil
o Mexico
• MEA
o UAE
o Saudi Arabia

The major vendors in the global market are:
• Techtronic Industries (TTI)
• Oreck Corporation
• Hoover Commercial
• Nilfisk
• Tennant
• Alfred Karcher

Other prominent vendors include Powr-Flite, Delfin, Dynavac, American Vacuum Company, Quirepace (BVC), Goodway Technologies, Numatic International Ltd., Vac-U-Max, RGS Vacuum System, and CS Unitech.

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About Arizton Advisory & Intelligence

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This release was published on openPR.