Global Industrial Floor Scrubbers Market: Emerging Economies to Present Vast Untapped Growth Opportunities, says TMR
The global market for industrial floor cleaners features a highly competitive vendor landscape, wherein key companies are constantly involved in the development of novel and more efficient varieties of floor scrubbers, finds Transparency Market Research in a report. The market is highly dynamic and features the influx of technologically advanced and more compact varieties of products at a rapid pace. Vast research and development activities aimed at the production of environmentally viable cleaning solutions are also taking place at a constant pace in the market. Some of the key vendors in the market are Tennant Company, Tornado Industries, Inc., Bortek Industries, Inc., Wiese, Inc., and Hako Holding GmbH & Co. KG.
The global industrial floor scrubbers market is expected to exhibit a healthy 6.7% CAGR over the period between 2014 and 2020 and rise to a valuation of US$3.08 bn by 2020. In terms of end-use industry, the global industrial floor scrubbers market presently gains the leading share in its revenues owing to sales across the manufacturing and warehousing industry. The segment is also expected to retain its dominance over the report’s forecast period. Geographically, the North America leads.
High Productivity and Reduced Cleaning Time Drive Demand for Mechanized Floor Cleaners in Industrial Sector
The global market for industrial floor scrubbers is chiefly driven due to the benefits that mechanization imparts to any process - increased productivity and reduction in the overall time required for completing the task. With the advent and easy availability of floor scrubbers that promise cleaner, faster, and safer operations compared to conventional bucket and mop cleaning across the industrial sector, the market for floor scrubbers has gained increased traction across several regions.
The introduction of big-sized ride-on floor scrubbers, which are capable of carrying vast volumes of water and can be used continuously without the need for battery recharging due to their high-power batteries, is also a key factor driving the market significantly. The use of these varieties of industrial floor scrubbers is rising especially across applications where the areas to be cleaned are huge. Apart from the easy availability of high-power, fast, and reliable floor scrubbers, the global industrial floor scrubbers market is also driven due to the strict regulations requiring industries to keep their surroundings and premises clean and hygienic.
High Costs to Impede Growth Prospects
The high costs of technologically advanced industrial floor scrubbers and the concerns regarding the added cost of electricity, battery, or maintenance associated with these machines could restraint the overall growth prospects of the market over the report’s forecast period. These factors are expected to have the most notable impact on growth prospects across emerging or underdeveloped economies across the globe. However, the rapid growth of the industrial sector across emerging countries in regions such as Asia Pacific and Latin America make these regions the most lucrative target regions for the industrial floor scrubbers market.
To exploit the potential growth opportunities in these regions and turn them into promising returns, it is imperative for companies in the market to adopt effective growth strategies through mergers, acquisitions, and products aptly suited to the consumer in these regions, especially in terms of pricing and maintenance requirement. Machines with better battery life and less complex working mechanism are expected to do better with consumers in these regions.
This snapshot of the global industrial floor scrubbers market is based on a recent market research report by Transparency Market Research. The report, titled “Industrial Floor Scrubbers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.” can be found for sale on the company website.
The report segments the global industrial floor scrubbers market into:
Industrial Floor Scrubbers Market, by Type
Industrial Floor Scrubbers Market, by End-use Industry
- Healthcare and Pharmaceuticals
- Manufacturing and Warehousing
- Retail and Food
Industrial Floor Scrubbers Market, by Geography
- North America
- Rest of the World (RoW)
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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