Feb 26, 2019   SOURCE: BusinessWire

2019 Industrial Vacuum Cleaner Market Report - Global Outlook and Forecast 2018-2024 - ResearchAndMarkets.com

The "Industrial Vacuum Cleaner Market - Global Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The global industrial vacuum cleaner market estimated to generate revenues of more than $764 million by 2024, growing at a CAGR of around 6% during 2018-2024.

The global industrial vacuum cleaner market is driven by the increase in safety and health standards at workplaces. The growth of the chemical, automotive, F&B, electronics, power, healthcare, and pharmaceuticals industries in emerging economies will boost sales in the global market.

The report considers the present scenario of the global industrial vacuum cleaner market and its market dynamics for the period 2019-2024.

Industrial Vacuum Cleaner Market - Dynamics

The increasing implementation of automation across various industries is fueling the demand in the global industrial vacuum cleaner market. The industrial automation process uses control systems such as robots and information technologies to handle various processes and machinery inside a setup. The adoption of these processes will increase productivity and reduce the cost related to human operations.Smart devices collect, analyze, and share real-time data with vendors to offer insights into end-users' preferences.

IoT is a dynamic worldwide information network comprising Internet-connected components such as sensors and smart appliances such as robotic vacuum cleaners or robotic scrubbers. The increasing investments to develop and procure intelligent systems will transform the global industrial vacuum cleaner market during the forecast period.

The establishment of stringent safety and hygiene standards across industries is driving the demand in the global industrial vacuum cleaner market.The complexity of operations in manufacturing stations and other industries keeps workers in constant threat of injuries, sometimes even death. Therefore, employers are dissuading the practice of engaging manual labor in such activities, thereby increasing the adoption of these cleaners across industries. Grave consequences such as severe burns, vision loss, or even death arise out of these workplace injuries, which in turn will fuel the growth of the global industrial vacuum cleaner market.

Key Vendor Analysis

The global industrial vacuum cleaner market is moderately intensifying with the presence of several vendors. The rapidly changing technological environment is adversely impacting the players urging them to make continual upgrades to their product portfolio. The market is moderately fragmented with few major companies controlling the level of the competition.

The intensity of price war among vendors will drive product innovations in the global market over the next few years. The top players in the global market are competing on the basis of quality, quantity, technology, services, and price.

The major vendors in the global market are:

  • Techtronic Industries (TTI)
  • Oreck Corporation
  • Hoover Commercial
  • Nilfisk
  • Tennant
  • Alfred Karcher

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Report Coverage

4.1 Market Definition

4.2 Base Year

4.3 Scope of Study

5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Inclusions

5.3 Exclusions

5.4 Currency Conversion

5.5 Market Derivation

6 Market at a Glance

7 Introduction

7.1 Overview

8 Market Dynamics

8.1 Market Growth Enablers

8.1.1 Advent of Industrialization 4.0

8.1.2 Stringent Safety and Hygiene Standards at Workplaces

8.1.3 Lack of Skilled Workers in Industries

8.1.4 Increase in Adoption and Implementation of Automation in Industries

8.2 Market Growth Restraints

8.2.1 Low Rates of Penetration and Adoption of Cleaning Standards in Emerging Economies

8.2.2 High Cost of Procurement and Installation

8.2.3 Volatility in Raw Material Prices

8.3 Market Opportunities & Trends

8.3.1 Robotics and IoT Enhancing Functionalities of Industrial Vacuum Cleaners

8.3.2 Increased Focus on Digitization in Developed Economies

9 Global Industrial Vacuum Cleaner Market

9.1 Market Overview

9.2 Porter's Five Forces Analysis

10 By Product Type

10.1 Market Overview

10.2 Canister industrial vacuum cleaners

10.3 Upright industrial vacuum cleaners

10.4 Backpack industrial vacuum cleaners

11 By Technology

11.1 Market Overview

11.2 Electric Industrial vacuum cleaners

11.3 Pneumatic Industrial vacuum cleaners

12 By Mobility System

12.1 Market Overview

12.2 Portable industrial vacuum cleaners

12.3 Stationary industrial vacuum cleaners

13 By End-User

13.1 Market Overview

13.2 Manufacturing

13.3 Food and Beverage

13.4 Pharmaceuticals

13.5 Construction

13.6 Metalworking and Mining

13.7 Other

14 By Geography

14.1 Market Overview

15 North America

16 Europe

17 APAC

18 Latin America

19 Middle-East & Africa

20 Competitive Landscape

20.1 Market Overview

20.2 Adoption of innovative Technologies

20.2.1 Robotics

20.2.2 Internet of Things

20.2.3 Battery Innovations

20.2.4 Sustainable Cleaning Technology

20.3 Market Structure and Mapping of Competition

20.3.1 Herfindahl-Hirschman Index

21 Key Company Profiles

21.1 Oreck Commercial

21.2 Hoover Commercial

21.3 Nilfisk

21.4 Tennant

21.5 Alfred Karcher

22 Other Prominent Vendors

22.1 Powr-Flite

22.2 Delfin

22.3 Dynavac

22.4 American Vacuum Company

22.5 Quirepace (BVC)

22.6 Goodway Technologies

22.7 Numatic International Ltd.

22.8 Vac-U-max

22.9 RGS Vacuum Systems

22.10 CS Unitech

For more information about this report visit https://www.researchandmarkets.com/research/5s8dv3/2019_industrial?w=4