LONDON--(BUSINESS WIRE)--The global carpet cleaning equipment market is expected to grow at a CAGR of close to 5% during the period 2018-2022, according to a new market research study by Technavio.
The report presents a comprehensive research of the global carpet cleaning equipment market by product (upright, canister, and handheld) and by end-user (commercial and residential). The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
Market driver: increasing adoption of cleaning equipment in developing countries
In developing economies, the adoption rate of carpet extractors, vacuum cleaners, washing machines, and automatic polishers and scrubbers has increased. Factors such as product availability, lifestyle evolutions, expanding middle-class segments, urbanization, and increasing labor costs have led to the adoption of such equipment among the consumer segments.
According to a senior analyst at Technavio for home, kitchen, and large appliances research, “There has been a demand shift from labor-intensive cleaning techniques to the use of efficient cleaning equipment, in developing markets. This has augmented the growth of the global carpet cleaning equipment market as well. The expansion of the manufacturing sector and the ease of product availability have led to the growth of the market.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Market trend: advent of green cleaning technologies
The primary focus of the global carpet cleaning equipment market is on sustainable and green cleaning technologies. In countries such as the US, the carpet cleaning equipment market is considered a green industry. Adopting green and sustainable cleaning methodologies contributes to the increased operational competence of the market players. Such practices aid in improving the overall health of consumers, reduce procedure costs, and extend the longevity of buildings. The primary focus of green cleaning technologies is to reduce the carbon footprint of cleaning equipment. This is achieved by optimizing product manufacturing processes, using natural and renewable resources, utilizing recyclable materials for packaging, and reducing fuel consumption for transportation. The advent of green cleaning technologies is beneficial to the consumers in terms of health and environmental sustainability.
Market challenge: low labor costs in developing countries
In developing countries such as India and China, a number of people prefer traditional, labor-intensive methods of cleaning. Low labor costs contribute to the high demand for such cleaning methods. In these market, professional cleaners and housekeeping agents are increasingly hired. In developing regions, the availability of economical labor contributes to the limited use of carpet cleaning equipment. The mop and broom method of cleaning is in high demand in such countries. Therefore, the availability of cheap labor poses as a challenge that impacts the growth of the global carpet cleaning equipment market.
Is your business on track for a successful future? Learn how Technavio can help
Technavio helps businesses anticipate changes in their marketplace, make proactive adjustments, and develop effective strategies to optimize their market positions.
|
Technavio’s best deals of the month! Technavio supports Health for All campaign on this World Health Day with 20% savings on all reports in the Health and Wellness category for the entire month. OR Celebrate International Astronomy Day by indulging in a whopping 30% savings on all reports in the Space category. Offer valid from 16th April for a limited period. |
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
