The global steam cleaner market will be valued at more than USD 884 million in 2017 and is expected to reach USD 1219 million by 2021, says Technavio.
Technavio has announced its latest market research report on the global steam cleaner market. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Bissell, HAAN Corporation, and The Hoover Company (TTI Floor Care North America).
According to Abhay Sinha, a lead analyst at Technavio, “Many hotel chains are expected to construct new hotels in the region. The rapid growth of the hospitality industry is expected to reflect positively on the demand for steam cleaners in the global market.”
Vendors in the global steam cleaner market are making significant investments in R&D activities for the development of innovative solutions, such as the inclusion of room memory, improved battery life, and improved efficiency in steam cleaners. Vendors are also focusing on minimizing the cost of upgrades and maintenance.
Click here to request a free sample of this report
Rise in number of smart homes
The rise in a number of smart homes is propelling the purchase of appliances such as the steam vacuum cleaners, home theater systems, and other equipment. Since its inception, North America has become the largest market for smart home systems. The steam cleaner market is expected to grow in tandem with the global market for smart homes during the forecast period.
Expanding applications of steam cleaners
There is an increased preference for steam cleaners as they are quick cleaning and drying. Steam cleaners also kill germs, fungus, and molds. Furthermore, handheld steamers can be used to clean and defrost freezers.
Ask an analyst to know more about this report
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Steam Cleaner Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Retail Self-checkout Terminals Market 2017-2021
- Global Electronic Shelf Label Market 2017-2021
- Global Residential Air Purifier Market 2016-2020
To read more press releases – click here
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
