The analysts of a fresh business and commerce study by Transparency Market Research (TMR) have notified that the global industrial floor scrubbers market
is largely fragmented in nature, a few player do hold slightly stronger
position than the rest. The report has identified Bortek Industries,
Wiese, Inc., and Hako Holding GMBH & Co. KG are three companies who
were ahead of the curve in the world industrial floor scrubbers market
in 2016, although the continuous inflow of new entrants will continue
eat into their shares. For the market leaders, the key strategies are to
expand their geographical footprint and concentrate on strengthening
their research and development activities, consequently making it
difficult for smaller players to compete in terms of technology,
reliability of products, and price. Tennant, Nilfisk, Tornado, Comac,
Fimap, iRobot Corporation, and IPC Gansow are some of the other notable
players currently aspiring greater shares in the global industrial floor
scrubbers market.
Global Industrial Floor Scrubbers Market to be worth US$6.62 bn by 2025
If the projections of the TMR report are
to be believed, during the forecast period of 2017 to 2025, the demand
in the global industrial floor scrubbers market will increment at an
impressive CAGR of 8.5%. By the end of the forecast period, 2025, the
analysts have estimated that the opportunities in the market will
translate into a revenue of US$6.62 bn, considerably up from its
evaluated worth of US$3.24 bn in 2016. In the near future, development
of new products that ideally meet the diverse demands from the end users
is expected to define the leader of an intensely competed vendor
landscape.
Based on type, the report has segmented
the global industrial floor scrubbers market into ride-on scrubbers,
walk-behind scrubbers, and robotic scrubbers. As of 2017, the
walk-behind scrubbers segment provided for more than half (51%) of the
total demand, although the robotic scrubbers segment is primed to grow
at a stronger CAGR during the said forecast period. This escalating
demand for robotic scrubbers is a reflection of persistent aspiration of
various industries to adopt automation methods that improve efficiency
of monotonous procedures and hence achieve incremented production. On
the basis of end-use industry, the market for industrial floor scrubbers
has been bifurcated into healthcare and pharmaceuticals,
transportation, hospitality, education, government, retail and food, and
manufacturing and warehousing. Geographically, the report highlights
North America as most lucrative region, which provided for 33.5% of the
total demand, while Europe emerged as second-leading regional market the
same year.
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Flourishing Tourism and Hospitality Sector Driving Demand
The prosperity of the hospitality and
janitorial industry is the primary driver of the global industrial floor
scrubbers market, feeding off increasing number of tourists traveling
to different parts of the world and depending on the hospitality
industry for lodging purposes. For instance, Hotel operator Hyatt opened
as many as ten new hotels across the world in 2016 and a number of its
competitors are also expanding. Hotels and restaurants owners put
particular emphasis on maintain cleanliness of their hospitality outlets
including rooms and receptions and frequently resort to floor cleaning
services to achieve optimum quality for their esteemed guests.
Technological advancements that have paved way for efficient floor
scrubbing and growing construction in non-residential sector are two
other drivers of the global industrial floor scrubbers market.
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