Study Analyzes Growth Of Floor Equipment Through 2027
New research suggests scrubbers will remain the dominant floor care machine through 2027, according to Persistence Market Research findings. The report, “Floor Care Machine Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025),” offers this and other insights on the floor-care machine market.
For example, according to the research, scrubbers will be followed closely by "filter and vacuum cleaners." Where scrubbers are expected to reach a market valuation of more than $1.5 billion by the end of 2027, vacuums are expected to reach a market valuation of more than $1 billion by the end of 2027.
The aforementioned machines are showing high projected market numbers, but burnishers are expected to be the most lucrative machine, growing at a rate of 3.8 percent. Sweepers are also expected to experience strong growth during the period of assessment.
There is definitely growing demand for special machines designed for cleaning hazardous and confined places. This equipment will drive revenue growth of the global floor care machine market, the article said.
There are reports of new hygiene guidelines for confined spaces, which will encourage the demand for floor cleaners. The floor machine market is also expected to see growth as a result of the push for better working environments and preventing the spread of pollutants.
At the same time, lack of technology and the high costs of cleaning machines are expected to slightly hinder the growth of the global floor care machine in some markets. Countries with developing economies are still dependent on manual cleaning.
Various political and economic factors in some regions are also causing stagnant growth as compared to other developing countries. This slow growth hinders the adoption of technology and also increases the technological gap.
For more information on this research, click here for the full article.
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