Press release
Floor Care Machines Market Set to Grow at 3% CAGR during 2017-2025
The floor care machine market consists of different types of machines such as burnisher, scrubber, sweeper and vacuum cleaner. These machines are used for residential, commercial and industrial purposes. A new research report by Persistence Market Research analyzes the present and future scenario of the global floor care machine market for an eight year period from 2017 to 2025.
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The report titled ‘Floor Care Machine Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)’ presents in-depth insights on the floor care machine market during the forecast period. According to the report, the global floor care machine market is expected to witness an increase in demand, given the emerging trend of machine assisted cleaning around the globe. This detailed forecast of the floor care machine market indicates that the global market is anticipated to grow at a CAGR of 3.0% during the study period, with market size reaching over US$ 4,600 Mn by the end of 2025. The residential sector is expected to contribute the most with a higher growth rate than the other sectors during the forecast period.
To change the preferences of people towards the use of mechanized versions of floor cleaning, manufacturers are now focusing on integrating innovative technologies in floor care machines. The new floor care machines are more economical, compact in size and are also equipped with artificial intelligence. These products are available in the market in varying capacities, suitable for industrial, residential, as well as commercial applications.
Download and View Report TOC, Figures and Tables @ https://www.persistencemarketresearch.com/market-research/floor-care-machines-market/toc
Some of the new floor cleaning machines are equipped with multiple cameras and sensors that use LIDAR (light detection and ranging) and sensitive bumpers to detect obstacles. Such floor cleaning machines are embedded with simultaneous localization and mapping (SLAM) technology to keep users aware of the location of the machines.
Based on Region, North America is expected to hold the highest market value of over US$ 1,300 Mn by the end of 2025. Asia Pacific is in close competition with North America in terms of market size. However, the Europe market is estimated to witness the highest growth rate during the forecast period. The Europe floor care machine market is projected to grow at a CAGR of 3.3% during the forecast period.
Report overview @ https://www.persistencemarketresearch.com/market-research/floor-care-machines-market.asp
Based on Machine Type, the scrubber segment leads the global market with the highest market size, but lags behind in terms of growth rate during the forecast period. The burnisher machine type is expected to lead the global market with the highest growth rate of over 3.8% during the forecast period.
In terms of Application, the industrial sector demands the maximum number of floor care machines. However, the demand for floor care machines is expected to rise in the residential sector during the forecast period. The residential segment is anticipated to register the highest CAGR in the global floor care machine market.
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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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