Industrial Cleaning Equipment Market Set to Soar to $14.14 Billion by 2031: Clean Sweep

Allied Market Research recently released a report titled "Industrial Cleaning Equipment Market," revealing an impressive growth trajectory in the industry. The market, valued at $9.12 billion in 2021, is anticipated to reach $14.14 billion by 2031, marking a noteworthy Compound Annual Growth Rate (CAGR) of 4.3% from 2022 to 2031.

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The industrial cleaning equipment market has experienced substantial growth over the past decade, driven by the expansion of pharmaceuticals and food & beverages industries globally. Numerous players in the industrial cleaning equipment sector are introducing innovative products to fortify their position in the worldwide market. The floor sweeper segment took the lead in 2021, contributing the highest revenue share, thanks to its versatile application across various industries. In terms of operation, the manual segment claimed the highest revenue share in 2021, while the pharmaceutical segment is poised for a higher CAGR during the forecast period, fueled by the surge in online food retail.

The market encompasses diverse types of industrial cleaning equipment, including floor sweepers, pressure washers, vacuum cleaners, and more. Among these, floor sweepers dominated the market in 2021 due to their wide-ranging applicability. The market analysis also considers different operation types, namely automatic and manual, with the manual segment holding a significant revenue share in 2021. The market's growth is primarily propelled by the rising demand for industrially processed foods and pharmaceuticals. Moreover, the pharmaceutical segment is expected to witness rapid growth during the forecast period, driven by advancements in technological infrastructure and an increase in disposable income. However, the additional operating costs of industrial cleaning equipment pose a constraint to market growth.

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In 2021, Asia-Pacific emerged as the dominant force in the global industrial cleaning equipment market, followed by North America and Europe. Asia-Pacific is anticipated to exhibit a high CAGR, driven by the presence of a robust pharmaceutical industry. The market benefits from advancements in industrial cleaning equipment, particularly the introduction of autonomous systems that offer lucrative growth opportunities.

Avidbots Corp., for instance, stands out by offering a range of autonomous industrial cleaning equipment that operates off the shelf without the need for extensive pre-training. This innovation is expected to significantly reduce operating costs.

The pandemic-induced lockdowns temporarily halted business operations for various manufacturers in the industrial cleaning equipment market, impacting sales in countries such as China, the U.S., and India. However, the pharmaceutical industry's growth during the pandemic facilitated significant market expansion. While the lack of manpower and raw materials constrained the supply chain, the severity of the pandemic has diminished over the past two years, and key players in the market are recovering rapidly.

Key companies profiled in the industrial cleaning equipment market forecast report include Akshayaa Multi Cleaning Pvt. Ltd., Alfred Kärcher SE & Co. KG, Astol Cleantech Pvt. Ltd., Aubotz Labs Pvt Ltd, Avidbot corp., Blow-tech, Comac India, Dulevo International, Dynava, Eureka S.p.A., H&K Equipment, Kevac Srl, PressureJet, Roots Multiclean Ltd., SJE Corporation Ltd., Tennant Company, and Tornado Industries.

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KEY FINDINGS OF THE STUDY:

The report provides an extensive analysis of current and emerging industrial cleaning equipment market trends and dynamics.

The floor sweeper segment dominated the industrial cleaning equipment market in terms of revenue in 2021, projected to grow significantly.

The manual segment accounted for the highest revenue share in 2021 based on operation type.

The foods & beverages segment held the largest market share in 2021 among end-users.

Asia-Pacific is projected to register the highest growth rate in the coming years.

Key players in the industrial cleaning equipment market are thoroughly analyzed, offering insights into their strategies and competitive outlook.

The report provides an extensive analysis of the market overview and emerging opportunities, conducting in-depth analysis between 2022 and 2031 for key segments.


https://www.alliedmarketresearch.com/industrial-cleaning-equipment-market-A17019

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