Press release
Industrial Vacuum Cleaners Market By Product Type, Application, Mode of Operation, End-Use & Region For 2018 – 2028
The global Industrial Vacuum Cleaners market is expected to reach over US$ 771.2 Mn by the end of the forecast period, witnessing a value CAGR of 5.3%. According to the analysis, in terms of volume, the global industrial vacuum cleaners market is estimated to reach 86,913 units by 2018 end and is anticipated to increase to 133,797 units by 2028, exhibiting a CAGR of 4.4% over the forecast period.Get | Download Sample Copy with Graphs & List of Figures:
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On the basis of region, the global industrial vacuum cleaners market is segmented into North America, Latin America, Western Europe, Eastern Europe, China, India, Japan, SEA & Pacific, and Middle East & Africa.
The North America industrial vacuum cleaner market accounted for a value share of 32.8% in 2017 and is projected to continue its dominance in the global industrial vacuum cleaner market during the forecast period. Sales of industrial vacuum cleaners in China and India are expected to represent a total incremental opportunity of US$ 22.0 Mn and US$ 13.3 Mn, respectively, between 2018 and 2028.
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Competitive Landscape Analysis:
In a nutshell, key focus remain on consolidation efforts in the highly competitive industrial vacuum cleaners market, as small and medium sized manufacturers dominate the landscape.
• Tier-1 companies, such as Alfred Kärcher GmbH & Co. KG, Nilfisk, Inc., TTI Floor Care North America, and DELFIN are expected to hold a relatively larger market revenue slice, given the expansive product portfolio and efficient distribution channels.
• Tier-2 companies, on the other hand, hold approximately 33 percent market share, showing string dominance over regional markets. Such companies include, Numatic International Ltd., G. Staehle GmbH u. Co. KG, and Ghibli & Wirbel SpA, among others.
• Key manufactures of industrial vacuum cleaners are projected to focus on price reduction, wider product offering, and long-term distribution partnerships for a stronger local presence.
• Considering substantial revenue opportunities in China, India, and SEAP, manufacturers are likely to aggressively push product in these markets through well-structured and efficient supply chain along with improved retailing network.
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By Segmentation
Application
• Heavy Duty
• Medium Duty
• Explosion Proof
Mode of Operation
• Electric
• Pneumatic
System Type
• Portable
• Stationary
Product Type
• Upright
• Canister
• Backpack
End Use
• Food & Beverage
• Pharmaceuticals
• Construction
• Metal Working
• Automotive
• Others
Region
• North America
• Latin America
• Western Europe
• Eastern Europe
• China
• India
• Japan
• SEA & Pacific
• Middle East & Africa
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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
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