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Unveiling the Growing Floor Cleaning Machines Market at a CAGR of 4.7% By 2031

05-31-2023 02:31 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Floor Cleaning Machines Market

Floor Cleaning Machines Market

Floor cleaning machines use suction, scrubbing, and other cleaning methods to clean floors, carpets, and rugs. Homes and businesses are potential customers for the global market for floor cleaning equipment. A wide range of businesses such as foods & beverages, healthcare, chemicals, commercial structures, household, and others use floor cleaning machines. Automated and semi-automatic floor cleaning devices are becoming more and more popular as a result of ongoing technology improvements. There are numerous equipment available in the market, each of which is designed for a certain type of floor cleaning.

According to AMR, The floor cleaning machines market size was valued at $5.3 billion in 2021, and is estimated to reach $8.5 billion by 2031, growing at a CAGR of 4.7% from 2022 to 2031.

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Homes, businesses including restaurants and entertainment centers, and the food and beverage industry all contribute significantly to the demand for floor cleaning equipment. As the healthcare industry grows in order to avoid infections, so does the need to maintain floors clean. Consequently, it is projected that demand for floor cleaning devices will rise globally. Furthermore, it is projected that during the forecast period, stringent government regulations requiring all businesses to maintain the greatest level of cleanliness drives the global floor cleaning machines market growth.

Increase in number of small-scale industries in emerging markets and government initiatives to promote them, such as Pradhan Mantri Mudra Yojna and Credit Guarantee Fund Trust for Small Business (CGTMSE) is driving the growth for small scale industry, which in turn increasing the demand for floor cleaning machine for industrial cleaning. Moreover, as floor cleaning machines are widely used in factories of manufacturing companies, increase in manufacturing companies is expected to create opportunities for expansion of the floor cleaning machine market.

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Top Players:
Alfred Karcher GMBH & CO. KG, Bortek Industries, Inc., Comac S.P.A, Denis Rawlins, Eureka S.P.A. Unipersonale, Hako GMBH, Nilfisk, Tennant Company, Tornado Industries and Wiese USA.

Key Segments:
The global floor cleaning machines market is segmented on the basis of product type, method, and application, and region. Based on product type, the market is divided into scrubber, vacuum cleaner, sweeper and others. Based on method, the market is divided into scrubbing, spray cleaning, mopping, burnishing and other. Based on application, the market is divided into residential, commercial and industrial.

Regional Analysis:
Region wise, the global floor cleaning machines market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global floor cleaning machines market share, and LAMEA is anticipated to secure a leading position during the forecast period.

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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