Although the coronavirus pandemic has wreaked havoc on many businesses worldwide, it has boosted the global industrial floor scrubbers industry, with the market for this cleaning equipment expected to surpass US$ 2.9 billion by the end of 2020, according to a report from Fact.MR.
The market has benefited from the strict implementation of health and safety rules, as well as increased demand for industrial floor scrubbers from the healthcare and pharmaceutical industries. However, reduced demand from the food service and manufacturing sectors due to lockdown restrictions will limit growth in 2020.
The floor scrubber market is likely to reflect fast growth throughout the forecast period between 2020 and 2030, supported by the incorporation of automation/robotics technology not only in healthcare, but also in the manufacturing, food, and retail sectors.
Market players in the industrial floor scrubber market are focused on product launches, strategic collaborations in the industry, and long-term contracts with major end user businesses. Also, manufacturers are also looking to leverage the short-term increase in demand during the covid-19 pandemic to bolster sales and revenue.
North America, followed by Europe are the leading regional markets for industrial floor scrubbers, accounting for more than 30 per cent each of the overall market, according to the report.
The growth of these regions can be attributed to the consolidated presence of market leaders, and growing demand in the retail chain businesses, especially in the United States. Also, strict safety and health regulations in the food and healthcare sectors of these regions will contribute to growth. On the other hand, Asia Pacific is projected to reflect more than 9 per cent CAGR through the forecasting period.
The report on the global industrial floor scrubbers market by Fact.MR provides a 10-year forecast assessment for the period between 2020 and 2030. The market study covers essential drivers, restraints, opportunities and threats to the growth of the global industrial floor scrubbers market.
Comment below to have your say on this story.
If you have a news story or tip-off, get in touch at firstname.lastname@example.org.
Sign up to INCLEAN’s newsletter