Technavio, a tech-focused market research firm, has published a new report on the global industrial floor scrubber market, which is expected to grow at a CAGR of close to 3% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global industrial floor scrubber market into the following key regions: APAC, Europe, North America, and ROW.
Source: Technavio
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Top three contributors for the global industrial floor scrubber market are elaborated below
Industrial floor scrubber market in North America: Consolidation and inorganic growth are the key features of the industrial floor scrubber market in North America. The market is characterized with the key vendors acquiring prominent local players to expand their market presence. The US is the largest market for industrial floor scrubbers in the region with maximum application in the commercial and residence sector. However, consumers are looking to replace them with newer technologies.
According to Abhay Sinha, a lead analyst at Technavio, “The replacement demand for industrial floor scrubbers is likely to be the primary driver in the US. The country is also anticipated to observe a boom in the chemical industry over the forecast period, prompting the vendors to shift their focus to enhancing the sales of floor scrubbers in the US.”
Industrial floor scrubber market in Europe: The major contributors to the market in Europe include the Western European countries such as Germany, the UK, and Finland. The Eastern European countries are currently in the initial stage and have substantial potential to drive the demand for floor scrubbers in the region. There is an increased construction of hotels in most of the region as it is one of the popular tourist destinations in the world. Thus, the flourishing hotel industry in Europe will propel the market for floor scrubbers in Europe.
Industrial floor scrubber market in APAC: Rising purchasing power and disposable income have augmented the adoption of industrial floor scrubbers in APAC. With increasing power to purchase in various APAC countries, such as China, India, and Vietnam, the demand for expensive appliances is growing. Establishment of new manufacturing plants, application and adoption of new cleaning technologies, and expansion in the value chain of raw material suppliers and customers in APAC are also influencing the overall growth of the market.
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The top vendors operating in the global industrial floor scrubber market are:
- Hako
- Nilfisk
- Tennant
- Tornado
Other prominent vendors in the market include Bortek, Comac, Fimap, IPC Gansow, and Wiese.
A more detailed analysis is available in the Technavio report titled, ‘Global Industrial Floor Scrubber Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Steam Cleaner Market 2017-2021
- Global Sponge and Scouring Pads Market 2017-2021
- Global Solvent Recycling Market 2016-2020
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