Floor Cleaners Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global floor cleaners market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The increasing population with rising disposable income is anticipated to drive the growth of the global floor cleaners market. According to the data published by UNCTAD in 2021, the share of the urban population increased to 56.2% in 2020. In developed economies, 79.0% of people live in cities. Also, as per the data published by United Nations Organization, the global population is projected to increase by 2 billion persons in the next 30 years from 7.7 billion in 2020 to 9.7 billion in 2050 and could peak at nearly 11 billion around 2100. The growth has been driven by increasing urbanization and accelerating migration. 61.0% of the global population lives in Asia, 17.0% in Africa, 10.0% in Europe, 8.0% in Latin America, and the remaining 5.0% in Northern America. Moreover, as per the data published by Statistics Canada, the share of disposable income for the household in the lowest quintile increased from 6.1% in the first quarter to a high of 7.2% in the second quarter of 2020. Also, as per OECD, the average household net adjusted disposable income per capita is $30,490 per annum. Thus, the increase in population with rising disposable income is anticipated to increase the number of houses, which in turn will support the growth of the global floor cleaner market.

Looking toward the demand for floor cleaners, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in April 2022, Himalaya Wellness Co. launched a campaign introducing its Pure Home Sanitizing Floor Cleaner. The campaign aimed to provide germ-free safe floors in every home. According to the company, the pure home sanitizing floor cleaners assist eliminate 99.0% of germs, keeping the floor safer for pets and kids. Thus, such launches are anticipated to drive the growth of the global floor cleaners market.

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Type
•By Form
•By Distribution Channel
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- The Tennant Co., Hako GmbH, and Numatic International among others.

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Global Floor Cleaners Market Report by Segment
By Type
•Ceramic Floor Cleaners
•Wooden Floor Cleaners
•Marble Floor Cleaners
•Multi-surface Floor Cleaners
•Others
By Form
•Liquid
•Powder
By Distribution Channel
•Supermarkets & Hypermarkets
•Convenience Stores
•Store-Based
•Others

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

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Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
 

This release was published on openPR.