LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global residential, commercial, and industrial floor scrubber market 2017-2021 report. According to the research report, the market is expected to grow at a CAGR of more than 6% during the forecast period.
Competitive vendor landscape
According to the research analysis, the global residential, commercial, and industrial floor scrubber market is highly competitive due to the presence of both major vendors and small players operating across the market. Therefore, to survive and succeed in a stiff competitive environment, it becomes imperative for vendors in the market to distinguish their product and service offerings through a clear and unique value proposition.
“Many players in the market are focusing on developing new and innovative products and services to differentiate themselves in the marketplace. The development of new products relies heavily on both long-term and short-term financial investments. The major players in the market are also focusing on marketing strategies that drive consumer demand,” says Poonam Saini, lead retail goods and services analyst from Technavio.
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Technavio consumer and retail market research analysts identify the following key vendors:
Alfred Kärcher manufactures cleaning equipment for commercial companies and the home and garden, agriculture, and hospitality industries. It offers high-pressure cleaners, push sweepers, floor polishers, floor scrubbers and dryers, snow throwers, and vehicle cleaning systems. The company is planning to expand its product range to cover basic cleaning requirements in the transport and buildings sectors.
Comac designs, manufactures, and distributes single-disc machines, vacuum cleaners, sweeping machines, and scrubbing machines. It serves the industrial, health, food, public, tourism, and automotive sectors. It sells its products through a network of dealers. The company focuses strongly on product development and research activities to bring new products to the market. It focuses on internal and external R&D to launch new products and enhance the existing product portfolio.
Hako Group manufactures and supplies cleaning and municipal technology. It also offers dosing and filling systems, cleaning detergents, single-disc and polishing machines, and scrubbers. The company is planning to implement organic growth initiatives, which include geographic expansion, new product development, and the introduction of products and technologies, in new markets and applications.
Nilfisk Group designs, develops, and manufactures professional cleaning equipment. The company sells its products mainly to institutional and industrial customers. It offers vacuum cleaners, scrubber dryers, sweepers, utility machines, suction sweepers, weed control machines, riding lawn mowers, snow removal machines, pressure washers, and professional detergents and dispensers.
Tennant Company designs, manufactures, and markets cleaning solutions. It offers equipment for maintaining surfaces in commercial, industrial, and outdoor environments. It also offers detergent-free cleaning technologies and coatings for repairing, protecting, and upgrading surfaces. The company is focusing on introducing various new products in the market to strengthen its product line. For instance, in March 2016, the company announced the launch of new M17 Battery-Powered Sweeper Scrubber.
Browse Related Reports:
- Global Industrial Floor Scrubber Market 2017-2021
- Global Industrial Floor Cleaner Market 2017-2021
- Global Industrial Cleaning Market 2017-2021
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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