Asia-Pacific Floor Cleaning Equipment Market Outlook, 2027

Floor cleaning products are widely used everywhere for maintaining hygiene and cleanliness. The demand for such equipment always seen to elevate because of the rise in the number of areas where they are used as an increase in the number of residential areas, industrial areas, etc. The floor cleaning equipment market has been seen to be developed by the time and many improvements and convenient measures lead to its spread at the global level and hence its popularity increased. The report titled, “Asia-Pacific Floor Cleaning Equipment Market Outlook, 2027”, published by Bonafide 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. Increase in the construction in Asia-Pacific countries is boosting the market growth of Asia Pacific Floor Cleaning Equipment in the region, allowing Asia to dominate the global market. In 2016, the market dominated with a value of USD 2.96 Billion. The demand remains strong, with healthy labor markets, vigorous disposable income growth, and constant policy support. In addition, in most economies, real incomes are being boosted by continuous low inflation. Through the forecasted period, the Asia-Pacific market is expected to grow with an anticipated CAGR of almost 11%, noticeably the highest globally. Unlike the global trend, the market by product is led by floor scrubber, which have been showing a steady decline in the market share ever since. The vacuum cleaner segment follows after. Rising demand for high-end cleaning products is among the key factors responsible for the market growth in the region. The advent of electric machines and handles due to technological advancements in mopping system will also help boost the market growth. By the end of the forecasted period, the floor sweeper segment is expected to incline to a share of over 18%, expected to portray the highest CAGR. Currently, the residential segment holds a low share in the market, as the majority of the people believes in manual traditional cleaning or prefers hiring a maid for the same. However, with the increasing in disposable income with dual earning and change in life style added with penetration of such products the residential segment as an end user is about to grow at over 14%. Presently, the floor cleaning equipment used for commercial purpose accounts for the higher market share, owing to increased demand from hospitality sector, retail industry, and construction industries, catering to a share of over 85% in 2021. Government rule regarding cleanliness is major factor influencing the floor cleaning machine market growth. The growing construction of commercial and industrial sector offer growth opportunities for the market player of floor cleaning equipment market. The necessity to maintain the floor cleanliness is a rising opportunity for high-end cleanliness products. China is dominating in the Asia-Pacific region due to availability of low cost raw material and machinery due to which business in countries of Asia-Pacific is easy as they purchase cleaning equipment’s directly from manufacturers instead of purchasing from market at high cost. Following this, Japan & India account to over 20% of the market share. It is to be considered that these three major countries of the region rank within the top 4 positions in the global market. People in rural India are unaware of vacuum cleaners, restricting the sales contribution from the rural part. However, the growth in urban India can be attributed to the increase in the women work forces, who previously were accountable for the cleaning of the household. The Asia floor cleaning equipment market is highly competitive in nature. COVID-19 Impact Looking at the scenario of a pandemic caused by the deadly coronavirus, people started adopting hygienic practices and hospitals are significantly taken care of sanitization after the COVID-19 outbreak in the region. Hence, the demand for disinfectants in hospital setups has increased drastically. The floor cleaning equipment market has unexpectedly elevated globally including the Asia Pacific region. Presently the sudden growth could be clearly visible in-floor cleaning machine market size which will surely go to bolster the market in forthcoming years and in the current period. The Industries of such products have experienced a sudden growth after the pandemic outbreak and the demand for sanitizing products has elevated too quickly and unexpectedly. Major Companies in the market Nilfisk Group, Alfred Kärcher GmbH & Co. KG, Amano Co., Diversy, Dyson, EUREKA,; iRobot, Miele, Electrolux, etc. 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, Bonafide Research has segmented the Asia-Pacific Floor Cleaning Equipment Market report based on product, technology, end users and region: Considered in the report • Geography: Asia-Pacific • Base year: 2021 • Historical year: 2016 • Forecasted year: 2027 Countries covered: • China • Japan • India • Australia 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.