A 5-Year Forecast Into Floor Cleaning Equipment
As labor struggles continue to be a factor in the commercial cleaning market, innovations in equipment such as floor machines are continuing to gain steam as frontline crews look for improvements in efficiency.
According to research from Technavio, the global floor cleaning machines market size is estimated to grow by USD 2,426.45 million from 2022 to 2027 at a compound annual growth rate (CAGR) of 4.9 percent. Moreover, the growth momentum will accelerate. North America will account for 43 percent of the growth of the global market during the forecast period.
Professional Cleaning Demand
The professional cleaning equipment segment will grow at a significant rate during the forecast period. This equipment includes high-pressure cleaners, vacuum cleaners, carpet and upholstery cleaners, steam cleaners and steam vacuum cleaners, scrubber driers, sweepers and vacuum sweepers, floor scrubbers and scrubber dryers, rider scrubbers, rider sweepers, walk-behind scrubbers, walk-behind sweepers. Professional floor cleaning machines are used in building service contractors and commercial establishments such as hotels, retail, business offices, gymnasiums, restaurants, and entertainment centers.
They are also used in public buildings such as government offices, hospitals, schools, and transportation centers. Therefore, the use of professional cleaning equipment in various sectors, such as commercial, industrial, aviation, and retail, is expected to drive the growth of this segment during the forecast period.
North America is estimated to account for 43 percent of the growth of the global market during the forecast period. The growth of the regional market depends on the construction of residential and non-residential buildings. In the US, with the increasing number of new housing starts, the residential construction segment will grow significantly. In Mexico, the rise in manufacturing output, driven by the automotive sector and its ancillary industries, will boost non-residential infrastructure development. These factors will increase the demand for floor cleaning equipment in the region during the forecast period.
Key Drivers of Demand
The demand for janitorial cleaning services is driving the market growth. The janitorial segment of the global cleaning services market comprises vendors that offer services such as cleaning the interiors and exteriors of buildings and transportation modes such as aircraft, cars, rail, and ships. Vendors of such services are expected to emerge as key consumers of floor cleaning products owing to the rising demand from offices, educational institutions, and retail complexes.
In addition, the global economic growth will also drive the future growth prospects of this segment. These factors will fuel the growth of the global market during the forecast period.
Market Trends Accelerating Growth
Some of the innovative applications and solutions in the market are the inclusion of room memory, improved battery life, and higher efficiency of products. Vendors are also working on reducing the cost of maintenance and upgrades. Moreover, technological advances and changes in consumer preferences are encouraging vendors to offer innovative and highly-efficient floor scrubbers.
Potential Market Challenges
The availability of low-cost manual labor in developing countries is challenging the global floor cleaning machines market growth. In countries such as India and China, the demand for floor-cleaning equipment is low due to the availability of low-cost labor. The informal economy accounts for a substantial and important portion of the labor force in many developing countries in APAC. Moreover, the labor share of GDP in several countries in the region has been declining.
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