Global Commercial Cleaning Equipment Market - 2020-2027
Commercial cleaning equipment cleans the commercial spaces, including carpets, floor, and rugs using various methods, such as suction, scrubbing, and others. The necessity to keep the cleanliness in commercial spaces is a rising demand for high-end cleaning products, which expects the commercial cleaning equipment market growth. Moreover, technological developments, such a semi-automatic and automatic cleaning machines also fuel the demand for the floor cleaning equipment market.
The global commercial cleaning equipment market size was worth US$ XX billion in 2019 and further predicted to reach US$ XX billion by 2027, at a CAGR of XX% during the forecast period (2020-2027).
The workplace hygiene standards are very strict in the developed regions, which in turn, is driving the growth of the market. Moreover, the growing awareness about workplace hygiene in the emerging nations is a major growth factor for the commercial cleaning equipment market. Further, stringent government rule regarding cleanliness is expected to impact the commercial cleaning equipment market growth over the forecast period.
The rising consciousness regarding the several airborne diseases caused by dust and dirt particles is contributing to the growth of the market. Rapidly developing the hospitality and construction segment, the requirement for various commercial cleaning equipment, like polishers, electronic sweepers, scrubbers and vacuum cleaners is also fueling the market growth.
Economic growth is leading to development of building establishments, which is likely to drive the global commercial cleaning equipment market. With increase in number of buildings, the need to keep office spaces clean is expected to drive the demand for commercial cleaning equipment. Additionally, construction of residential properties globally due to various macro level factors, such as government subsidies, rapid urbanization, and interest rates, is projected to fuel the growth of the commercial cleaning equipment market during the forecast period.
COVID-19 Impact Analysis
The COVID-19 pandemic has hampered the growth of the commercial cleaning equipment market in 2020, owing to the work from home strategy adopted by the corporate to contain the spread of COVID-19 in the firms. This has declined the need for commercial cleaning equipment, which in turn, has declined the market value of the commercial cleaning equipment market in 2020.
Commercial cleaning equipment market is further segmented on the basis of operation which automatic, semi-automatic and manual.
Automated floor cleaning equipment is estimated to post the fastest and largest gains as the segment continues to recover from its extended downturn. Sales of specialty items and used on hard surface floors will particularly benefit. Most other Operationss of commercial equipment are lower-cost and require low maintenance, so to gains share in the market over the forecats period.
Based on the distribution channel, the commercial cleaning equipment market has been classified into online and offline.
Online distribution channel is expected to witness the fastest growth during the forecast period. The rising internet penetration, rising preference of online product, and incressing reliance on online shopping are certain factors that drives the market growth. Moreover, the introduction of websites of their platform on the online channel would further assist the market growth.
Based on geography, the study analyzes the animal stem cell therapy market in the global market, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Asia-Pacific dominates the commercial cleaning equipment market in 2019. China is the leader in commercial cleaning equipment manufacturing and major companies are generating revenue from China, due to availability of raw material and machinery for production of commercial cleaning equipment in different industries. China is leading the growth of Asia-Pacific market due to increase in the construction of corporate offices and hotels.
While the Germany is leading the Europe market as the demand for mechanical equipment is increasing in the region. The mechanical equipment segment in the U.S. leads the market as of increasing working women population in the country. Also, growth in industries and start-ups (corporate offices) in the country boosts the commercial cleaning equipment market.
The animal stem cell therapy market is highly competitive, owing to the presence of big food brands. The key animal stem cell therapy players which are contributing to the growth of the global market include Nilfisk Group, Tennant Company, Alfred Karcher SE & Co. KG, Hako GmbH, EUREKA S.p.A. Unipersonale, Fimap S.p.A., Hako Machines Ltd,, Tornado Industries., R.P.S. Corporation (Tomcat), Techtronic Industries Co. Ltd., Rawlins, Intelligent Cleaning Equipment, COMAC SPA, Numatic International Limited, Cleams & CO Limited, Bissell, Cleanfix, Minuteman Intl, R.P.S Corporation and Wetrok AG, Shuojie Environmental Technology (Shanghai) Co., Ltd., Suzhou Magnificent Cleaning Equipment Co., Ltd, , Suzhou Magnificent Cleaning Equipment Co., Ltd., Guangdong Jieneng Electrical Appliance Technology Co., Ltd., Yantai Tongli Hotel Equipment & Supplies Co., Ltd., among others. The major players are adopting new product launch and expansion strategies for global growth in the animal stem cell therapy market.
Tennant Co. involves in the design, manufacture, and selling of cleaning solutions. Its products include equipment for maintaining surfaces in commercial, industrial, and outdoor environments; cleaning tools and supplies; detergent-free and other sustainable cleaning technologies; and coatings for protecting, refurbishing and upgrading surfaces. It operates via the following geographic segments: North America; Europe, Latin America; Middle East, Africa and Asia Pacific. The company was founded in 1870 and is headquartered in Minneapolis, MN.
Product Portfolio: The Company's portfolio comprises scrubbers, sweepers, and extractors among others.
The global animal stem cell therapy market report would provide access to an approx. 87 market data table, 56 figures and 250 pages.