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Global Cleaning Appliances Market Expected to Touch a Value of US$ 11,400 Mn by 2026
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Cleaning appliances find increasing adoption across several end use industries
Cleaning appliances are electrical or mechanical machines that accomplish certain cleaning functions. The scope of this report includes various industries such as different types of manufacturing facilities, commercial facilities, the healthcare sector and the retail sector. Increasing spending power of consumers, rapidly rising digitalization trend, rising concerns towards sustainability and a rapid growth of the middle class globally are some of the driving factors of the global cleaning appliances market. There are various advantages of cleaning appliances and some of them include being highly effective for general as well as tough cleaning jobs. Cleaning appliances also possess a high cleaning capability and they act in reducing the fatigue at work and also contribute to increasing the productivity of the cleaning staff, thereby saving time. Cleaning appliances also possess high maneuverability and are eco-friendly, are available on a wide scale and are generally easy to operate.
Persistence Market Research has drafted a comprehensive report covering all the important aspects of the global cleaning appliances market. Important market dynamics in the form of drivers, restraints, opportunities and trends governing both the global and regional markets for cleaning appliances have been captured in the report in great detail. In addition, this report does a historical analysis of the global cleaning appliances market for the time period 2012 to 2016. Also, the projections for the global cleaning appliances market have been considered for a time period of nine years starting from the year 2017 and ending in the year 2026. As per the projections of Persistence Market Research, the global cleaning appliances market was estimated to be valued at nearly US$ 3,900 Mn in 2017 and is poised to reach a market value of nearly US$ 11,400 Mn by the end of the year 2026.
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North America to lead the global cleaning appliances market in terms of value
The North America region is expected to exhibit a robust growth rate and register a CAGR of 11.8% during the period of assessment. North America is the most attractive regional market for cleaning appliances by value in the global cleaning appliances market. As per the projections of Persistence Market Research, the North America cleaning appliances market was estimated to be valued at nearly US$ 1,360 Mn at the end of the year 2017 and is slated to reach a valuation of nearly US$ 3,700 Mn at the end of the year 2026.
Europe is the second largest regional market by value in the global cleaning appliances market
Europe is the second largest region in terms of value in the global cleaning appliances market and is anticipated to display a CAGR of 13.1% during the period of assessment. The Europe cleaning appliances market was estimated to be valued at nearly US$ 950 Mn at the end of the year 2017 and is likely to reach a market valuation of nearly US$ 2,900 Mn at the end of the year 2026.
Competitive Landscape
The report on the global cleaning appliances market includes the profiles of some of the leading companies functioning in this market such as Panasonic Corporation, General Electric Co. (GE), Whirlpool Corporation, Electrolux AB, Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Robert Bosch GmbH, Honeywell International Inc., LG Electronics, Inc. and Qingdao Haier Co., Ltd.
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