Industrial Floor Scrubbers Market - Valuation Will Reach US$6.62 Bn by the End of 2025, from US$3.24 Bn in 2016
industrial scrubbers market is forecast to exhibit a CAGR of 8.5% between 2017 and 2025. At this pace, the market’s valuation will reach US$6.62 bn by the end of 2025, from US$3.24 bn in 2016.
Albany, NY -- (SBWire) -- 09/15/2017 --Global Industrial Floor Scrubbers Market: Snapshot
Floor scrubbers are automated solutions recently introduced in the market keeping in mind the cleaning requirements in industries. Their benefits lie in making industrial cleaning easier and more convenient. Industrial floor scrubbers are available as walk-behind, ride-on and robotics floor scrubbers, specifically adopted by the end-use industries. As these floor scrubbers offer a high level of cleanliness that helps in keeping the environment dust-free and reduces bacteria build up, experts foretell their demand to surge higher in the future. Additionally, the launch of industrial floor scrubbers with artificial intelligence is slated. This development will help execute tasks requiring human intelligence. Spurred by these factors, the global industrial floor scrubbers market is forecast to exhibit strong growth in the coming years.
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On the flip side, the high cost of these products are posing threat to the global industrial floor scrubbers market. The factor also inhibits the market's penetration in emerging nations.
Considering the scenario, the global industrial scrubbers market is forecast to exhibit a CAGR of 8.5% between 2017 and 2025. At this pace, the market's valuation will reach US$6.62 bn by the end of 2025, from US$3.24 bn in 2016.
Demand for Robotic Floor Covers to Rise at Higher Pace
By type, the global industrial floor scrubbers market is categorized into walk-behind scrubbers, ride-on scrubbers, and robotic scrubbers. Among these scrubbers type, robotic scrubbers segment is anticipated to show large-scale adoption due to rapid development in advanced technologies in the industrial floor scrubbers across the world. Of these, the demand for walk-behind scrubbers is forecast to remain the maximum through the course of the forecast period. By the end of 2017, it is expected to hold over 51% of the overall market. However, over the course of the forecast period, the demand for robotic floor scrubbers is expected to rise at a higher pace. The rising demand for automation across industries will aid the segment's growth in the coming years.
Further, the end-use industry segmentation includes transportation, healthcare & pharmaceuticals, government, education, hospitality, manufacturing & warehousing, and retail & food. Of these, the manufacturing and warehouse segment emerged dominant in the market in 2016. On account of stringent regulations impelling industries to focus more on cleanliness, the demand from the manufacturing and warehouse segment is forecast to remain high through the forecast period. Furthermore, healthcare & pharmaceuticals industries are anticipated to witness strong growth in near-term, largely due to growing focus on sustainability.
North America and Europe to Remain Dominant through Forecast Period
Regionally, North America, Europe, Asia Pacific, South America, and the Middle East and Africa constitute the key market segments. North America's share in the overall market is expected to reach 33.5% by the end of 2017, thus the region is expected to emerge lead in the future. Europe has emerged as the second-leading market for industrial floor scrubbers. Through the course of the forecast period, these regions are expected to continue leading the market. Owing to rapid industrialization and the rising awareness about the latest technologies, industries in Asia Pacific are also expected to showcase increasing demand for industrial floor scrubbers. The robust growth in healthcare, food, and manufacturing industries will aid the expansion of the industrial floor scrubbers market in Asia Pacific.
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Alfred Karcher GmbH & Co. KG, Bortek Industries, Inc., iRobot Corporation, Ecovacs Robotics, Factory Cat, Hako Holding GmbH & Co. KG, Nilfisk-Advance, Inc., Tennant Company, Tornado Industries, Inc., and Wiese, Inc. are a few of the leading players operating in the global industrial floor scrubbers market.
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