The global industrial floor scrubbers market will embark upon a positive growth path over the years 2014 and 2020, growing from a valuation of US$1.97 billion in 2013 to US$3.08 billion by 2020, according to a report by Transparency Market Research.
At a compound annual growth rate of 6.7%, the industrial floor scrubbers will form a US$3.08 billion market by 2020.
The report states the market will be significantly influenced by the rising emphasis on chemical-free cleaning, a factor that will create many new growth avenues for businesses.
As consumers of floor scrubbing services emphasize upon the reduced utilization of harmful and harsh chemicals, the preference for eco-friendly and automated cleaners will rise significantly across the globe.
The study also forecasts that the market will increasingly lead higher demand for compact industrial cleaners that require less power and also rank high on the cost-efficiency scale.
With new developments being achieved in the field of robotics, the market will also adopt innovative, automatic floor scrubbers.
The need to keep industrial facilities clean is not the only reason that is driving the global market for industrial floor cleaners; the many health and safety regulations enforced by private and government bodies also drive the demand for industrial floor scrubbers across the globe.
Currently, the market exhibits a high demand for floor scrubbers with maintenance-free batteries, a factor that has impelled device manufacturers to develop products with longer battery life.
The report segments the global industrial floor cleaning market on the basis of product type, end-use industries, and key regional markets.
Regionally, the report states that the North America market dominated the global market by accounting for 34.8% of the overall revenue generated by the global market in 2013.
The US significantly contributes to North America’s leading position in the global industrial cleaning market.
The US market for industrial floor scrubbers has gained momentum in the past years owing to the rising adoption in the healthcare, retail, pharmaceutical, and food industries.
However, the industrial floor cleaners market in Asia Pacific is expected to grow at the fastest pace over the report’s forecast period.
