Argentina Floor Cleaning Equipment Market Overview, 2027

"Argentina prioritises cleanliness and hygiene in a number of areas. The need for effective and efficient floor cleaning equipment is fueled by this cultural value, which extends to the upkeep of floors and surfaces.Argentines love hospitality and socialising, frequently congregating in private residences, workplaces, or public places. A friendly and attractive environment is facilitated by clean, well-maintained flooring, which are consistent with cultural norms of hospitality and social interaction.The country embraces technological development, and this openness to innovation can have an impact on the market for floor cleaning equipment. Argentine consumers may be interested in products from manufacturers who offer cutting-edge features and technologies like automation, intelligent sensors, or networking possibilities.Argentine culture values aesthetics and visual appeal. This can influence the demand for floor cleaning equipment that not only provides effective cleaning but also enhances the overall visual appearance of floors. Equipment with sleek designs, ergonomic features, or customizable options may be favored.The quality and longevity of the things that Argentines buy are typically valued. Durability, dependability, and long-lasting performance are highly appreciated qualities in floor cleaning equipment. Argentine customers will support manufacturers who prioritise quality standards. According to the report title, “ Argentina Floor Cleaning Equipment Market Overview, 2027”, Published by Bonafide Research the market is going to witness a virtuous growth rate in the coming years in the Country. The growing demand which is induced from the developing residential infrastructure in Argentina, along with the rise in standards of hygiene in commercial sector are both the key factors driving the market during the Forecast period. The rise in demand for these equipment is also observed by the rising awareness of the consumer between the corelation of hygienic environment and personal health. The semi-automatic and automatic machines are gaining popularity in Argentina, but the high cost associated with such equipment is reducing the widespread adoption. Further, the technological advancement in the market with the integration of Artificial intelligence and IoT has increased the growth of the market, as these advancements enable real time data and convenience to the consumers. Floor cleaners are now designed to adapt to different kinds of floorings such as wood, concrete, rugs and carpets. This wide range of broadens the scope of these equipment and so drive the market with increased consumption of a wider consumer base. The market is bifurcated on the basis of product type and application type. The product type segment consists of categories like Vacuum Cleaners, Floor Scrubbers, Floor Sweepers and the other category which includes robotic cleaners and electric smart mops. The application segment consists of residential use and commercial use, all though the commercial segment has the majority of the market share in the Argentina market, the residential sector is expected to have the higher Growth rate. This higher growth rate in the country is because of the increase in the product penetration with rising concerns over personal and home hygiene standards.

The ever developing policies of the government along with enforcing of new hygiene standards across verticals have created a demand for the floor cleaning equipment market. The changing dynamics of the Flooring trend in the commercial sector and increased usage of stones, woods and rubber materials contribute immensely to the market’s demand. The country of Argentina is experiencing a hike in construction activities which will provide lucrative future opportunity to the floor cleaning equipment market. Another factor which enabled the growth of the market is the increase in the disposable income of the country’s population, this is possible due to the rising dual-income nuclear families, who doesn’t want to or doesn’t have the time for household chores. The rising prevalence of airborne diseases and dust allergies have created the need for proper cleaning which helps the floor cleaning equipment market grow. Argentina's market for floor cleaning equipment is cutthroat, with local and foreign companies contending for market dominance. Businesses must handle fierce competition and set themselves apart by superior product quality, inventiveness, competitive pricing, and customer service.It might be difficult to provide dependable maintenance, after-sales service, and spare parts availability, especially for global manufacturers. Customer loyalty can be increased by building a solid service network and delivering fast customer support.Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Floor cleaning equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for floor cleaning equipment in the market of Argentina. COVID-19 Impact The Covid-19 pandemic affected many different markets across the globe the market, the floor cleaning equipment market was affected in both positive and negative way. Firstly, the onset of lockdowns and shutting down of public infrastructure heavily impacted the demand from the commercial sector, with this the long term negative economic impact on the market hindered the demand across the country. on the other hand hospitals and other necessary public institutes which were functioning during this period demanded for proper cleaning, which helped the market sustain. Along with this the market also observed some inclination from the residential sector with people being restricted at home.

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Manmayi Raval

Research Consultant

Considered in the report • Geography: Argentina • Base year: 2021 • Historical year: 2016 • Forecasted year: 2027 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 • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation 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.

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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. "