COVID-19 Impacts: Floor Cleaning Machines Market Will Accelerate at a CAGR of Almost 4% Through 2020-2024 | Increasing Construction of Skyscrapers to Boost Growth | Technavio
Technavio has been monitoring the floor cleaning machines market and it is poised to grow by $ 1.91 bn during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Alfred Kärcher SE & Co. KG, Clemas & Co. Ltd, EUREKA Spa Unipersonale, Fimap Spa, Hako GmbH, Nilfisk AS, Techtronic Industries Co. Ltd., Tennant Co., Tornado Industries Inc., and WIESE USA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Increasing construction of skyscrapers has been instrumental in driving the growth of the market. However, the availability of low-cost manual labor in developing countries might hamper market growth.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our floor cleaning machines market report covers the following areas:
Floor Cleaning Machines Market size
Floor Cleaning Machines Market trends
Floor Cleaning Machines Market industry analysis
This study identifies the adoption of green cleaning technologies as one of the prime reasons driving the floor cleaning machines market growth during the next few years.
We provide a detailed analysis of around 25 vendors operating in the floor cleaning machines market, including some of the vendors such as Alfred Kärcher SE & Co. KG, Clemas & Co. Ltd, EUREKA Spa Unipersonale, Fimap Spa, Hako GmbH, Nilfisk AS, Techtronic Industries Co. Ltd., Tennant Co., Tornado Industries Inc., and WIESE USA. Backed with competitive intelligence and benchmarking, our research reports on the floor cleaning machines market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist floor cleaning machines market growth during the next five years
Estimation of the floor cleaning machines market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the floor cleaning machines market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of floor cleaning machines market vendors
Table Of Contents :
Executive Summary
Market Overview
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Product
Market segments
Comparison by Product
Professional cleaning equipment - Market size and forecast 2019-2024
Consumer cleaning equipment - Market size and forecast 2019-2024
Market opportunity by Product
Customer landscape
Overview
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Market drivers
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher priced units
Market challenges
Market trends
Vendor Landscape
Overview
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Alfred Kärcher SE & Co. KG
Clemas & Co. Ltd
EUREKA Spa Unipersonale
Fimap Spa
Hako GmbH
Nilfisk AS
Techtronic Industries Co. Ltd.
Tennant Co.
Tornado Industries Inc.
WIESE USA
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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