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Unveiling the Global Industrial Vacuum Cleaner Market 2023: Suctioning Success

11-10-2023 04:38 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Unveiling the Global Industrial Vacuum Cleaner Market 2023:

In a recent report released by Allied Market Research, titled "Industrial Vacuum Cleaner Market," the market size for industrial vacuum cleaners stood at $956.80 million in 2022, with an estimated projection to reach $1.7 billion by 2032, experiencing a robust CAGR of 5.9% from 2023 to 2032.

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Throughout the forecast period, the demand for industrial vacuum cleaners is anticipated to surge, given their vital role in cleaning and sterilizing industrial spaces, equipment, and work surfaces. Particularly beneficial for diverse industrial environments such as workshops, foundries, cement plants, and chemical or textile plants, these machines offer effective removal of tough stains, continuous cleaning operations, and reduced labor hours. This versatility is expected to drive the demand for industrial vacuum cleaners.

The market exhibits various types of industrial vacuum cleaners, including upright, canisters, and backpacks. Among these, the canister segment dominated the market share in 2022, with the development of HEPA filter-equipped canister vacuum cleaners enhancing pulmonary safety and driving segment growth. The pneumatic segment also played a significant role, driven by increased demand in industrial food processing, pharmaceuticals, and the expanding manufacturing sector. The food & beverages industry is poised to experience rapid growth, propelled by stringent government regulations emphasizing safety and hygiene.

In 2022, Asia-Pacific emerged as the leader in the industrial vacuum cleaner market, followed by North America and Europe. The Asia-Pacific region is expected to maintain its dominance, showcasing a high CAGR. Investments in pharmaceuticals, manufacturing, process industries, and medical devices manufacturing sectors contribute to the growth, with India, China, and Japan leading the charge. Notably, Japan's advanced manufacturing industry and initiatives like 'Atmanirbhar Bharat' in India contribute significantly to the regional market.

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Opportunities for industrial vacuum cleaner market growth lie in technological advancements, notably the introduction of autonomous industrial vacuum cleaners. American Vacuum Company, for instance, offers a range of autonomous industrial vacuum cleaners that operate without pre-training, reducing operating costs. Additionally, government initiatives fostering growth in the small-scale industrial sector present further growth opportunities.

However, operational challenges are surfacing due to the global rise in inflation, notably in developing countries and Europe, influenced by the Ukraine and Russia conflict. This has led to increased prices for raw materials, including metals, and fluctuations in energy costs, posing difficulties for businesses in their day-to-day operations.

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Key Findings of the Study:

Canister industrial vacuum cleaners dominated the market in terms of revenue in 2022.

Electric industrial vacuum cleaners led in revenue among modes of operation in 2022.

The food and beverages segment accounted for the highest revenue share in 2022 among end-user industries.

Asia-Pacific held a larger market share in 2022 and is expected to dominate the market in the forecast period.

The report delves into an extensive analysis of current trends and emerging opportunities in the market, offering insights into the competitive landscape and thorough analysis of key players in the industrial vacuum cleaner industry.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Delaware. 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.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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