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NEW YORK, May 25, 2022 /PRNewswire/ — The Floor Cleaning Machines Market value is set to grow by USD 1.94 billion, progressing at a CAGR of 5% from 2020 to 2025, as per the latest report by Technavio.
Highlights-
- Segmentation- The report extensively covers market segmentation by Product (professional cleaning equipment and consumer cleaning equipment) and Geography (North America, Europe, APAC, South America, and MEA)
- Key Companies- Alfred Karcher SE & Co. KG, Clemas & Co. Ltd., EUREKA Spa Unipersonale, Fimap Spa, Hako GmbH, Nilfisk AS, Techtronic Industries Co. Ltd., Tennant Co., Tornado Industries Inc., and WIESE USA among others
- Driver- Demand for janitorial cleaning services to drive the market
- Challenge– Availability of low-cost manual labor in developing countries to hamper the market growth
Buy Report for crucial business data insights including pipeline analysis, driving forces, and target Potential Customers
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alfred Karcher SE & Co. KG, Clemas & Co. Ltd., EUREKA Spa Unipersonale, Fimap Spa, Hako GmbH, Nilfisk AS, Techtronic Industries Co. Ltd., Tennant Co., Tornado Industries Inc., and WIESE USA are some of the major market participants.
Although the demand for janitorial cleaning services will offer immense growth opportunities, the availability of low-cost manual labor in developing countries is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this floor cleaning machines market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
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