Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The global Industrial vacuum cleaner market is estimated to exhibit a moderate growth rate of more than 5% during the forecast period. Industrial vacuum cleaners are essential equipment used by many industries like cement, chemical, and textile, among others. Increased concerns regarding hygiene, health, and safety in end-user industries are fueling the growth of the market. Industrial vacuum cleaners help in reducing tough deposits & complex strains and are also cost-effective for the companies as they help to reduce the labor cost; this is the key reason for the excessive usage among these industries. For the food & beverages industry, it is inevitable to comply with the Food Safety Modernization Act (FSMA). In addition, the pharmaceuticals industry is required to follow the Current Good Manufacturing Practices (cGMPs) for keeping the equipment and facilities clean.
Market Segmentation
The global Industrial vacuum cleaner market has been analyzed on the basis of product type, mode of operation, system type, end-user, capacity, and region. Based on the product type, the market is bifurcated into dry vacuum cleaners and wet vacuum cleaners. Dry industrial vacuum cleaners are preferred due to their simplicity and cost-effectiveness and hence is estimated to hold a prominent share in the market. Based on mode of operation, the market is bifurcated into electric industrial vacuum cleaners and pneumatic industrial vacuum cleaners.
Based on system type, the market covers the analysis of truck mounted vacuum cleaners, explosion proof vacuum cleaners, central vacuum systems, electrostatic discharge (ESD) vacuum cleaners, and HEPA filter vacuum cleaners. Based on end-user, the market is further segmented into automotive, construction, Food & Beverages, mining, pharmaceutical, textile, chemical, and others. Geographically, the market is analyzed into North America, Europe, Asia-pacific, Latin America, and the Middle East and Africa. In North America, the industrial vacuum cleaner market is projected to grow rapidly during the forecast period. The US is dominating the regional market in terms of volume and value of sales, with numerous end use industries like food and beverages, and pharmaceuticals, among others.
Market Structure and Competition Landscape
The global industrial vacuum cleaner market is fragmented in nature with the various numbers of players in the market. Some of the major players operating in the market include, Alfred Karcher SE & Co. KG, BISSELL Inc., Dyson, Emerson Electric Co., Haier Group, iRobot Corporation, Panasonic Holdings Corporation, Wieland Lufttechnik GmbH & Co., Numatic International Ltd., Pullman Ermator Inc., American Vacuum company, and others. These players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global industrial vacuum cleaners market include,
• In November 2019, Alfred Karcher SE & Co. KG and Brain Corp announced a technology partnership to launch the industry's first Autonomous Stand-on vacuum cleaner.
• In August 2018, BISSELL acquired commercial vacuum brand Sanitaire, this step is taken to by BISSELL to expand their business and offer innovations and technology to commercial businesses.