LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global floor cleaning machines market report. This research report also lists 26 other prominent vendors that are expected to impact the market during the forecast period.
Floor cleaning machines are expected to experience a higher growth in emerging markets as they are increasingly substituting labor-intensive cleaning practices owing to the increase in the disposable income levels of people. As a result, customers are beginning to substitute manual cleaning with machine-assisted cleaning, thus driving the market.
Competitive vendor landscape
The global floor cleaning machines market is fragmented, with the presence of many well-diversified players and the competition among these players is intense. The presence of well-diversified international, regional, and local vendors characterizes the market. In several developing and underdeveloped countries, local or regional vendors dominate the market.
“Companies with better technical and financial resources can develop innovative products that render the competitors' products obsolete and non-competitive even before they are launched, or costs are recovered. Therefore, vendors must develop new technologies and stay abreast of emerging technologies that could affect the continuing competitiveness of their product lines in the market,” says Gaurav Mohindru, a lead construction research analyst from Technavio.
The competition among these companies is intense, leading to the introduction of many innovative and advanced solutions in the market. Technavio foresees increased market consolidation, given the intensifying competitive landscape. These factors make it imperative for vendors to distinguish their product and service offerings through a clear and unique value proposition, or else they will not survive the highly competitive environment.
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Top five global floor cleaning machines market vendors
Alfred Kärcher is a German-based company involved in the design, manufacture, and sales of cleaning machines. The company has its presence in over 60 countries worldwide. Alfred Kärcher is a global market company in cleaning technology. The company offers numerous floor equipment across the globe under its professional and home and garden segment.
Hako Group is part of L. Possehl under its cleaning machines division. The company is a manufacturer of industrial and building cleaning products. It also specializes in outdoor cleaning and ground maintenance devices. Citymaster is the major brand of the company. The company also trades under the brand name Multicar, which joined the Hako Group following its acquisition in 1998.
The Nilfisk Group is mainly focused on the commercial cleaning market, which includes institutional and industrial customers and professional contract cleaners. The company has a strong distributor network. It distributes and sells its products in over 100 countries. The production facilities of the company are mostly situated in Asia, the Americas, and Europe.
Tennant Company designs, produces, manufactures, and markets technologies and equipment that are heavily utilized for maintaining indoor and outdoor surfaces. The company operates through one single segment that encompasses the design, manufacture, and sale of products.
Tornado Industries designs and manufactures industrial cleaning equipment and has been in the field for over 85 years. Tornado Industries has a history of partnering with in-house cleaners, contractors, and facility managers to provide cleaning solutions that deliver reliability and competitive pricing.
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