Floor care equipment refers to various devices and tools used for cleaning, maintaining, and protecting floors, including vacuum cleaners, floor dryers, floor sweepers, floor polishers, washers, carpet care equipment, etc. These devices can help people clean their floors more easily, keeping them clean, shiny, and hygienic, thereby extending their lifespan.
Overview of Market Development
According to our research data, the global market revenue of floor care equipment is expected to reach $87.98 billion in 2024, an increase of 6.25% compared to 2023. In the future, people's demand for the quality of the home environment will continue to increase, and the application of new materials and environmental protection technologies will further improve the performance and quality of floor care equipment, thereby promoting the sustainable development of the market. It is expected that by 2029, the global floor care equipment market revenue will continue to increase to $122.51 billion. The estimated CAGR of market revenue from 2024 to 2029 is 6.85%.
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the global board maintenance equipment market is extremely low. Data shows that in 2023, the top 3 companies in the floor care equipment market had a total revenue of $4.79 billion, with a total revenue share of only 5.78%; The total revenue of the top 6 enterprises for floor care equipment is $5.74 billion, with a total revenue share of only 6.93%. The top three companies were Alfred Kärcher, Tennant Company, and Nilfisk. In 2023, these three companies accounted for 2.67%, 1.62%, and 1.49% of the global market revenue in the floor care equipment market, respectively.
Global Floor Care Equipment Market Revenue Forecast and Competitive Landscape Analysis
Source: www.globalmarketmonitor.com
Segmented Market Analysis
From the perspective of product types, the mainstream products in the global floor care equipment market currently include floor sweepers, scrubbers, floor burnishers, vacuum cleaners, and so on. Among them, floor sweepers and scrubbers dominate the market. Data shows that the global market size for floor sweepers and scrubbers is estimated to be $39.08 billion and $32.92 billion respectively in 2024, with market shares expected to reach 44.42% and 37.42%, respectively.
From the perspective of downstream applications, floor care equipment is mainly used in residential, commercial, and industrial fields. Among them, the commercial sector is the largest downstream application market, with an expected application share of 51.19% in 2024.
Global Floor Care Equipment Segment Market Revenue and Market Share Forecast in 2024
|
Market Revenue (Billion USD)
|
Market Share
|
Segmented by Type
|
Sweepers
|
39.08
|
44.42%
|
Scrubbers
|
32.92
|
37.42%
|
Floor Burnishers
|
5.30
|
6.03%
|
Vacuum Cleaners
|
5.44
|
6.18%
|
Others
|
5.24
|
5.95%
|
Segmented by Application
|
Residential
|
13.36
|
15.18%
|
Commercial
|
45.06
|
51.19%
|
Industrial
|
29.60
|
33.63%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Floor care equipment Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".