The global floor cleaning and mopping machine market is estimated to register a CAGR of 5.10% during the forecast period. The global market is likely to secure a valuation of US$ 6,092.70 million in 2024 and reach US$ 9,977.80 million by 2034.
The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Floor Cleaning and Mopping Machines over the coming decade.
Advent of Industry 4.0 Technology to Create New Growth Avenues for the Floor Cleaning and Mopping Machines Market
The industrial sector is undergoing a change as firms throughout the world place a strong emphasis on using advanced automation. This is usually referred to as Industry 4.0.
With the advent of Industry 4.0, manufacturing facilities are prioritising the use of novel technologies such as artificial intelligence, smart manufacturing, the internet of things (IoT), and machine learning, among others. The Floor Cleaning and Mopping Machines market is anticipated to benefit greatly from this development.
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Additionally, increasing government emphasis building a better manufacturing sector and integration of augmented and virtual reality using smart equipment to enhance the output is estimated to propel the demand in the market for coming years.
Key Floor Cleaning and Mopping Machines Market Takeaways and Projections
- The U.S. is estimated dominate the Floor Cleaning and Mopping Machines market in North America, accounting for the largest share in the region through 2022.
- Germany is projected to account for a significant share in the Europe market over the assessment period.
- China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2017 and 2027
- India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
Report Benefits & Key Questions Answered
- Floor Cleaning and Mopping Machines Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
- Floor Cleaning and Mopping Machines Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Floor Cleaning and Mopping Machines market. As per the survey, Floor Cleaning and Mopping Machines sales will project steady growth over the forecast period.
- Floor Cleaning and Mopping Machines Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Floor Cleaning and Mopping Machines.
- Floor Cleaning and Mopping Machines Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.
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Competitive Landscape Analysis
Floor Cleaning and Mopping Machines Market: Market Participants
Examples of some of market participants identified in the floor cleaning and mopping machines market are:
- Bortex Industries
- Denis Rawlins
- Hako Group
- Tennant Company
- Wiese
- Alfred Karcher GmbH & Co. KG
- Clemas & Co.
- Eureka S.p.A. Unipersonale
- Nilfisk Group
- Tornado Industries
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Floor Cleaning and Mopping Machines Market: Segmentation
On the basis of end user industry:
- Healthcare
- Automotive
- Household
- Food and Beverage
- Chemical
- Commercial
- Others (E.g. Manufacturing, Retail, etc.)
On the basis of product type:
- Scrubbers
- Walk Behind Scrubbers
- Ride-on Scrubbers
- Cordless Electric Brooms
- Robocleaner
- Vacuum Cleaners
- Steam Cleaner
- Hard Floor Cleaner
- Others (E.g. High Pressure Cleaners, Floor polishers, etc.)
On the basis of method:
- Scrubbing
- Buffing
- Mopping
- Spray Cleaning
- Burnishing
- Others (E.g. Scarifying and Steaming)
About Future Market Insights, Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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