North America Floor Cleaning Equipment Market Research Report, 2027

The report titled, “North America Floor Cleaning Equipment Market Research Report, 2027”, 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 (Vacuum Cleaner, Floor Scrubber, Floor Sweeper, Others), based on application (Residential & Commercial), based on countries & major companies. The North America Floor Cleaning Equipment market has been primarily with the increase in construction of skyscrapers. The market is anticipated to reach USD 3.5 Billion during the forecast period, which can be attributed to the growing population and disposable income. Growing initiatives and regulations towards maintaining cleanliness at commercial places may boost the market growth in the given forecast period. The region is expected to grow over an anticipated CAGR of over 6% through the forecasted period, consider the lowest among the regions. The burgeoning use of floor cleaning equipment is increasing in the household, with dual-income and a surging need to reduce the time spend on household chores. The rising prevalence of airborne diseases and dust allergies, improving living standards with the increase in disposable income is to aid the growth of floor cleaning equipment in North America. The region is to have the highest growth in the other product segment, which includes cleaning products like Cordless Electric Brooms, Robocleaner. The food & beverage industry, commercial buildings such as restaurants & entertainment malls, and households contribute to the maximum demand generation for the floor cleaning equipment market. With the growing healthcare industry, the need to maintain clean floors is increasing to obviate infections. This in turn is expected to boost the demand for the North American floor cleaning equipment market. Moreover, stringent government regulations that impel all industries to ensure maximum level of cleanliness are expected to offer lucrative opportunities for the market to grow during the forecast period. However, high costs of automatic and semi-automatic floor cleaning machines are expected to be a deterrent factor for the growth the market. When classified in terms of product, the regional market is led by the vacuum cleaner segment, holding to a market share of nearly 60% in 2021. The burgeoning use of floor cleaning equipment is increasing in the household too; with dual-income and a surging need to reduce the time spend on household chores. The rising prevalence of airborne diseases and dust allergies, improving living standards with the increase in disposable income is to aid the growth of floor cleaning equipment in North America. The region is to have the highest growth in the other product segment, which includes cleaning products like Cordless Electric Brooms, Robocleaner. This segment is expected to incline in the market share, with a forecasted CAGR of over 7% , through the period of 2022-2027. Along with this, the enforcement of regulatory cleanliness & hygiene standards are some of the fundamental factors stimulating the regional market expansion. To provide a hygienic work environment, industries are moving towards advanced and high-tech cleaning products and solutions. Moreover, working in a clean environment dictates the demand for floor care machines in various industry verticals. This had allowed the commercial floor cleaning equipment segment to hold a share of little less than ¾ of the market in 2020. A significant increase in the working population and immigrants, hectic lifestyle, increasing purchasing power and the presence of leading manufacturers are a few of the salient factors boosting the residential use of the floor cleaning product In North America, the US is dominating due to the increase in the population of health tourism in the country, and increasing women working age group is enhancing the growth of the market. While the country dominates the market, the rest contribute merely to a market share of less than 15% altogether. Furthermore, the USA in particular has a major market due to the presence of a number of top companies, such as Tennant Co. and Alfred Kärcher GmbH & Co. KG. The floor cleaning machines market is fragmented and the vendors are deploying various organic and inorganic growth strategies such as to compete in the market. Nilfisk recently acquired US-based Hydro Tek and Pressure Pro. Moreover, in compliance with dust extraction classes, manufacturers are offering products for the suction of fine and toxic dust. Recent Development • In January 2022, ILIFE, a robot vacuum and handheld vacuum cleaner manufacturer, launched the EASINE W100, its first cordless wet/dry vacuum cleaner. It has an all-in-one cleaning system that vacuums, scrubs, and mops, as well as a self-cleaning mode that simplifies the cleaning process and saves time. COVID-19 Impact The pandemic affected almost every sector of the economy in the region and also the globe. The condition created a mixed impact on the market with social situation of lockdowns and social distancing the market observed issues in supply chain and manufacturing of the equipment. Along with this an uneven trend in the demand of equipment was observed, due to some of the industrial equipment being cost intensive were not preferred in time of economic distress which covered about 75% of the market. This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For this study, Actual Market Research has segmented the North America Floor Cleaning Equipment Market report based on product, technology, end users, and region: Major Companies: Considered in the report • Geography: North America • Base year: 2021 • Historical year: 2016 • Forecasted year: 2027 Countries covered: • USA • Canada • Mexico Aspects covered in the report • Market Size by Value for the time period (2016-2027F) • Market Share by Product (Vacuum Cleaner, Floor Scrubber, Floor Sweeper, Others) • Market Share by Application (Residential & Commercial) • Market Share by Region • Market Share by Country • Market Share by Company The approach of the report: We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free. Intended Audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Appliance & Equipment industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.