Industrial Scrubbers Market : Future Forecast Assessed on the basis of how the Market is Predicted to Grow
Presently, on account of surging environment sustainability concerns, industrial floor scrubbers’ manufacturers are emphasizing on research and development to come up with more eco-friendly and efficient products. Considering these activities, recent developments in the field of robotics with incorporated touch and vision have improved the speed and efficiency of various production and supply systems. The demand for robotic floor scrubbers is thus expected to rise in industries such as healthcare and pharmaceuticals, hospitality, food, manufacturing, retail, and warehousing.
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The global industrial floor scrubbers market exhibit a highly fragmented vendor landscape on account of the presence of a large number of companies. As these enterprises try out various marketing strategies to gain a stronger foothold, the industrial floor scrubbers market will fiercer competition in the coming years.
Also many of the leading companies are seeking acquisition of smaller concerns to expand their geographic footprint and product portfolio. In 2016, companies such as Wiese, Inc., Bortek Industries, and Hako Holding GMBH & Co. KG held the leading share in the market. Meanwhile, iRobot Corporation is planning to reinforce its presence worldwide. Strategies adopted by these companies to increase their stake have significant influence on the market.
This 232 page report gives readers a comprehensive overview of the Industrial Scrubbers Market. Browse through Table. Browse through 75 figures and 66 data tables to unlock the hidden opportunities in this market.
The global industrial floor scrubbers market, which in 2016 was valued at US$3.24 bn, is expected to reach US$6.62 bn by the end of 2025. If these figures hold true, the global industrial floor scrubbers market will expand at a CAGR of 8.5% between 2017 and 2025. Regionally, North America held the dominant share of 33.7% in the overall market in 2016. Europe emerged as the close second-lead. Over the course of the forecast period, both these regions will continue exhibiting lucrative prospects for the market players. By type, walk-behind scrubber is expected to hold the leading share of 51.1% by the end of 2017.
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On the downside, high cost of industrial floor scrubbers is a major challenge inhibiting the market. In addition, manufacturing companies may incur additional cost in procuring battery, electricity, and in maintenance of equipment. These factors will further add to the cost of industrial floor scrubbers thus curbing their sales to an extent. Furthermore, low industrialization and the availability of cheap labors will make it tough for the market players to penetrate into developing nations. Nevertheless, soon the technology is expected to establish their presence in the untapped market on account of the recent advancements in the technology. Additionally, the rising awareness among consumers about benefits industrial floor scrubbers offer, will aid the market’s expansion in the coming years.
The global industrial floor scrubbers market is segmented into:
Industrial Floor Scrubbers Market, by Type
Industrial Floor Scrubbers Market, by End-use Industry
Healthcare & Pharmaceuticals
Manufacturing and Warehousing
Retail and Food
In addition, the report provides analysis of the industrial floor scrubbers market with respect to the following geographic segments:
Asia Pacific (APAC)
Middle East and Africa (MEA)
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