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

The global commercial vacuum cleaners market is anticipated to grow at a CAGR of 7.5% during the forecast period (2022-2028). Commercial vacuum cleaners are used in industries or business areas for cleaning the environments such as workshops, offices, textiles plants, cement plants, and many more. With the increased concerns regarding hygiene, health, and safety and owing to which commercial vacuum cleaners supports in maintaining a healthy and clean environment that leads to increased health benefits for employees. Additionally, commercial vacuum cleaners with high suction power have been significantly used in commercial applications, which in turn, is driving the market growth. Industrial vacuum cleaners provide a quick and easy cleaning method for a large industrial area, which saves time, energy, and manpower, and with the high labor cost, there is an increase in the adoption of these vacuum cleaners, which in turn, accelerates the growth of the market. However, high machinery costs, complex and large structures of the machines, and lesser availability of spare parts are expected to restrain the growth of the global commercial vacuum cleaners market.

Some major players in the market include Panasonic Corp., Oreck Corp., and Hoover, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in November 2019, Alfred Karcher SE & Co. KG and Brain Corp, a San Diego-based AI and robotics company, announced a technology partnership for the industry's first autonomous stand-on vacuum cleaner to bring autonomous floor care solutions to market. Additionally, in September 2019, VAC-U-MAX expanded its industrial vacuum cleaning product range with the introduction of a new Model 1050, a continuous-duty industrial vacuum cleaner designed to vacuum high-density materials, such as steel shot, and grit, cement, foundry sand, and other similar materials.

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Product Type
•By Power Source
•By End-User
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- Panasonic Corp., Oreck Corp., and Hoover, among others.

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Global Commercial Vacuum Cleaners Market Report by Segment
By Product Type
•Upright
•Canister
•Backpack
By Power Source
•Electric
•Pneumatic
By End-User
•Food and Beverages
•Pharmaceuticals
•Manufacturing

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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This release was published on openPR.