The Global Steam Cleaners Market to Generate Revenues of Around $3.49 Billion by 2024- Market Research by Arizton

CHICAGO, Nov. 12, 2019 /PRNewswire/ -- According to Arizton's recent research report, Steam Cleaners Market - Global Outlook and Forecast 2019-2024 is expected to grow at a CAGR of approximately 6% during the forecast period.

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Key Highlights Offered in the Report:

    1. Innovations in home care sector has led to the emergence and widespread
       acceptance of alternative floor care products, including steam cleaners.
       The innovative features offered with steam cleaners include easy and
       effective removal of bacteria, odor, stain, and other microorganisms with
       steam.
    2. Compared to steam cleaners, the penetration level of its substitutes is
       way ahead in the market; thereby hindering the widespread acceptance of
       the steam cleaner in the market.
    3. Cost-benefit analysis for purchase vs renting reveals that equipment
       purchase would be more cost-effective than renting if the equipment usage
       rate is more than 60-70%, thus presenting higher opportunities in
       commercial and contract cleaning end-user segments.
    4. The market for upright steam cleaners will witness highest revenue
       increment in North America with addition of $166 million during the
       forecast period.
    5. Underpinned with high construction output and rising awareness for clean
       and hygienic workspaces as well as public places, APAC is expected to
       witness a growth of 2% in market share for cannister type steam cleaners.

Key Offerings:

    --  Market Size & Forecast by Revenue | 2018-2024
    --  Market Dynamics - Leading trends, growth drivers, restraints, and
        investment opportunities
    --  Market Segmentation - A detailed analysis by product type, power source,
        cleaning methods, end-user, distribution channel, and geography.
    --  Competitive Landscape - Profile of 3 key vendors and 41 other vendors.

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Steam Cleaners Market - Segmentation

    --  Upright devices are the most popular equipment for floor sanitization
        and hygiene. These devices are largely popular in developed countries
        such as the US and Europe, however, their adoption is currently growing
        across the globe, especially in commercial and residential segments.
    --  The growing residential construction has increased the expenditure on
        remodeling and renovations. The heightened sense of health and hygiene
        consciousness among consumers is to drive the market for substantial and
        eco-friendly floor cleaning equipment.
    --  The capacity of dual steam cleaner to provide steam, as well as
        vacuuming functions, is a key driver. Steam only cleaner provides deep
        cleansing; however, this equipment does not rinse the surface as
        performed by the steam-and-vacuum cleaner.

Market Segmentation by Products

    --  Upright
    --  Canister
    --  Handheld

Market Segmentation by End-user

    --  Residential
    --  Commercial
    --  Contract Cleaning

Market Segmentation by Cleaning Method

    --  Steam Only
    --  Steam & Vacuum

Market Segmentation by Power Source

    --  Cord
    --  Cordless

Market Segmentation by Distribution Method

    --  Offline
    --  Online

Steam Cleaners Market - Dynamics

One of the emerging trends among cleaning equipment providers is to offer products and services that are environmentally sustainable. Green cleaning mainly refers to the usage of products and services that have a lesser impact on human health and the environment than other available products and services that can harm human health and the environment. The green cleaning technology focuses on the reduced usage of water and chemicals, lower emissions and air pollution, and the usage of machines are designed to last for a longer period. Providing sustainable cleaning in the most cost-effective way is also a competitive factor for vendors in this space. The cleaning equipment manufacturers are constantly evolving technologies to meet the various industrial needs, generating a number of opportunities for the players offering steam cleaners.

Key Drivers and Trends fueling Market Growth:

    --  Higher Cost-effectiveness Than Manual Cleaning
    --  Increasing Demand from Hospitality Industry
    --  Rising Traction Toward Green Cleaning Technologies
    --  Increasing Usage in Carpet Cleaning

Steam Cleaners Market -Geography

North America was the largest market with a 37% share of the revenue in 2018.The European market is driven by the growing installation of hard flooring in new buildings as well as high demand from renovations activities to clean the tile grout as well as air ducts. Renovating and retrofit activities bode well for new purchase of steam cleaner devices. The APAC market is mainly driven by China, Australia, South Korea, and Japan. Strong economic growth, coupled with rising construction activities and high disposable income, has primarily supported the growth in the region. The increasing construction activities in the Middle Eastern countries and proactive government policies for cautious use of water and sustainable practices are resulting in high demand for green equipment in the region.

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Market Segmentation by Geography

    --  APAC
        --  China
        --  Japan
        --  South Korea
        --  Australia
    --  Europe
        --  Germany
        --  UK
        --  France
        --  Italy
        --  Spain
    --  Latin America
        --  Brazil
        --  Mexico
    --  MEA
        --  Saudi Arabia
        --  South Africa
        --  UAE
    --  North America
        --  Canada
        --  US

Major Vendors

    --  Bissell
    --  Karcher
    --  Techtronic Industries (TTI)

Other vendors include - Alkota Cleaning Systems, Ashbys, Chem-Tex, Cleanfix, Daimer, Duplex, Dupray, Dyson Ltd., Electrolux, Eureka Forbes, Gadlee, Goodway Technologies, Gruposolarca, HAAN Corporation, Inventa Cleantec Private Limited, Kleen car Inc. & Chief Steamer, Ladybug, Lavor Wash, Lokpal industries, Matrix, Miele, Menikini, Nace care, Nilfisk, OspreyDeepclean, Philips, Polti, Portotecnica, Ro.Bia.Plast, Salav, SharkNinja Operating (SHARK), Stanley Black+Decker Technoclean Equipments, Tornado Industries, TPA Impex, TTK prestige, US- Steam, Vapamore, Vapor Clean, Vax and Vileda.

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About Arizton:

Arizton - Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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