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Spending mornings in cleaning, Latin America floor cleaning equipment market to grow with CAGR of 8%: Actual Market Research
Jun, 10
2021

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Spending mornings in cleaning, Latin America floor cleaning equipment market to grow with CAGR of 8%: Actual Market Research

 

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Overall many people in Latin America prefer to vacuum in the morning, with more than half of the population winding up their cleaning chores with the first half of the day. The research report titled Latin America Floor Cleaning Equipment Market Outlook, 2026 by Actual Market Research categorizes the market to forecast the revenues and analyze the trends in each of the following segments: based on product type, based on application, based on countries & major companies.

According to one of the surveys conducted by Electrolux Home Appliances, Brazil is the country with a high average of people spending time when it comes to vacuum cleaning. The country also ranks in the top 10 countries in the global floor cleaning equipment market. Brazil, along with Argentina accounted for more than half of the region’s market share, both declining in terms of share. While dust pickup is the single most important criteria while purchasing a new vacuum cleaner, a very less proportion of Argentines & Colombians emphasize it. Busier routines including home working and homeschooling, as well as an increase in cooking and other chores, helped create demand for products that could provide convenience, such as floor cleaners. A Brazilian company- Multilaser that produces vacuum cleaners sold the entire stock of 10,000 products that may cost at least BRL 400 each. The robotic vacuum cleaner uses an intelligent environment mapping system that decides the best route.

Traditionally, the region follows the simple & easy- sweep with a broom and wash with a mop technique to clean the floors. Even though the time spent on cleaning is high in the region, globally Latin America contributed the least, accounting for USD 0.45 Billion in 2015. In the coming period, the market is to have an incline with strong investments made by the local manufacturers, which is to enable more middle-income population to invest in their automatic floor cleaning equipment. During the forecasted period, the Latin America floor cleaning equipment market is expected to exhibit a CAGR of over 8%. Increasing penetration of the Internet of Things, coupled with growing urban population are some of the factors driving the market growth of the Floor Cleaners market in Latin America.

Medical professionals and the governments around the region have been promoting higher standards of personal hygiene along with a higher standard of cleaning within the home, at a regular frequency. Dominating the market, the vacuum cleaner segment accounted for more than 65% in 2015 declining marginally ever since. The cordless electric brooms, robot cleaners, and other newer cleaning equipment are classified under the others segment, which is expected to grow over an anticipated CAGR of 10.28%. However, the combination of currency depreciation and economic crisis in the region can be a growth restriction.

This quick house cleaning task is mostly associated with music in the Latin American countries, where Colombians are most prone considered globally. Merging chores with fun, the residential use of floor cleaning equipment is anticipated to grow over 12% through the forecasted period.

The commercial use of these products is high in the region which held a market of 85% throughout. In the region, companies are coming up with renting facility of cleaning equipment rather than purchase for the corporates is the opportunity for the cleaning equipment market. Leading companies in the region are Nilfisk Group, Alfred K?rcher GmbH & Co. KG, Amano Co., Diversy, Dyson, EUREKA, iRobot, Miele, Electrolux, etc.