Floor Cleaning Machines Market Expected to Reach $8.5 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Floor Cleaning Machines Market," The floor cleaning machines market size was valued at $5.3 billion in 2021, and is estimated to reach $8.5 billion by 2031, growing at a CAGR of 4.7% from 2022 to 2031. 

Floor cleaning machines use suction, scrubbing, and other cleaning methods to clean floors, carpets, and rugs. Homes and businesses are potential customers for the global market for floor cleaning equipment. A wide range of businesses such as foods & beverages, healthcare, chemicals, commercial structures, household, and others use floor cleaning machines. Automated and semi-automatic floor cleaning devices are becoming more and more popular as a result of ongoing technology improvements. There are numerous equipment available in the market, each of which is designed for a certain type of floor cleaning.

Homes, businesses including restaurants and entertainment centers, and the food and beverage industry all contribute significantly to the demand for floor cleaning equipment. As the healthcare industry grows in order to avoid infections, so does the need to maintain floors clean. Consequently, it is projected that demand for floor cleaning devices will rise globally. Furthermore, it is projected that during the forecast period, stringent government regulations requiring all businesses to maintain the greatest level of cleanliness drives the global floor cleaning machines market growth.

However, it is projected that the market growth will be constrained by toxic chemicals used in formulation of cleaning products and the high price of automatic and semi-automatic floor cleaning devices. In addition, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering growth of the floor cleaning machines market. However, this situation is expected to improve as government is relaxing norms around the world for resuming business activities.

Increase in number of small-scale industries in emerging markets and government initiatives to promote them, such as Pradhan Mantri Mudra Yojna and Credit Guarantee Fund Trust for Small Business (CGTMSE) is driving the growth for small scale industry, which in turn increasing the demand for floor cleaning machine for industrial cleaning. Moreover, as floor cleaning machines are widely used in factories of manufacturing companies, increase in manufacturing companies is expected to create opportunities for expansion of the floor cleaning machine market.

The global floor cleaning machines market is segmented on the basis of product type, method, and application, and region. Based on product type, the market is divided into scrubber, vacuum cleaner, sweeper and others. Based on method, the market is divided into scrubbing, spray cleaning, mopping, burnishing and other. Based on application, the market is divided into residential, commercial and industrial.

Region wise, the global floor cleaning machines market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global floor cleaning machines market share, and LAMEA is anticipated to secure a leading position during the forecast period.

Key Findings of The Study

• The report provides an extensive analysis of the current and emerging global floor cleaning machines market trends and dynamics. 
• Depending on product type, the scrubber segment dominated the market, in terms of revenue in 2021 and vacuum cleaner segment is projected to grow at a significant CAGR during the forecast period.
• By method, the scrubbing segment is expected to registered the highest revenue in 2021.
• In terms of application, the Industrial segment has the highest revenue in 2021.
• Europe is projected to register the highest growth rate in the coming years.
• The emerging floor cleaning machines market forecast analysis from 2021 to 2030 is included in the report.
• The key players within the global floor cleaning machines market are profiled in this report, and their strategies are analyzed thoroughly, which helps understand competitive outlook of the floor cleaning machines industry.
• The report provides an extensive analysis of the current trends and emerging opportunities of the floor cleaning machines market.
• In-depth global floor cleaning machines market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.