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NEW YORK , June 15, 2022 /PRNewswire/ -- The industrial floor cleaner market potential growth difference will be USD 985.7 million from 2020 to 2025. The report predicts the growth momentum will accelerate at a CAGR of 5.51% as per the latest market report by Technavio. The growth of the janitorial industry is a major factor driving the global industrial floor cleaner market share growth. Janitorial services companies are more established in industrialized countries. The market has been growing since 2010 and is expected to grow at a faster rate over the forecast period. The commercial sector mainly comprises office buildings, municipal structures, and retail spaces. The industry is expected to be dominated by the commercial sector, followed by the residential sector. Growth in this segment over the past five years was due to the outsourcing of cleaning services and investments in new industrial buildings, particularly in the educational, healthcare, food processing, pharmaceuticals, and manufacturing industries. One of the advantages of the janitorial segment is the low level of regulations and policies apart from general state-specific occupational and health and safety regulations. The nearing maturity of the janitorial services market due to recent consolidations is a key trend leading to growth in industrial floor cleaners.
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The competitive scenario provided in the Industrial Floor Cleaner Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Industrial Floor Cleaner Market Forecast Report - Buy Now!
Industrial Floor Cleaner Market: Product Landscape
The industrial floor cleaner market share growth in the floor scrubber segment will be significant for revenue generation. Floor scrubbers can be used on ceramic tile, porcelain tile, terrazzo, vinyl tile, and concrete flooring. Since floor scrubbers provide effective results without using chemicals, the market for industrial floor scrubbers is expected to be driven by the rising emphasis on chemical-free cleaning.
Industrial Floor Cleaner Market: Geography Landscape
39% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the industrial floor cleaner market in APAC. Market growth in this region will be faster than the growth of the market in all other regions. The growth in the geriatric population and evolving lifestyles are contributing to an increase in chronic health problems, such as diabetes, which is driving the demand for healthcare facilities in the region. The healthcare industry generates almost half of the demand for industrial floor cleaners owing to the presence of several facilities that use cleaning chemicals. This will facilitate the industrial floor cleaner market growth in APAC over the forecast period.
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The industrial floor cleaner market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.
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Industrial Floor Cleaner Market Scope
Accelerate at a CAGR of 5.51%
Leading companies, competitive strategies, consumer engagement scope
Alfred Karcher SE and Co. KG, Clemas & Co. Ltd, Diversey Inc., EUREKA Spa Unipersonale, Fimap Spa, Hako GmbH, Nilfisk AS, Tennant Co., Tornado Industries Inc., and WIESE USA
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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