B2B Cleaning Machine Market Report Overview
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The global B2B cleaning machine market size is expected to be USD 848.7 million in 2022 and is projected to touch USD 1146.63 million by 2031, exhibiting a CAGR of 3.4% during the forecast period.
B2B cleaning machines are essentially the tools that are used to clean a variety of commercial locations, including corporate offices, power plants, schools and universities, embassies, retail stores, hospitals, hotels, restaurants, and bars, among others. Mechanical and manual cleaning equipment are essentially included in commercial cleaning equipment. Most cleaning activities may be quickly and easily completed with the help of modern cleaners. A growing market for new cleaning tools of all sizes is pushing producers to create goods equipped with cutting-edge technology. Owing to the aforementioned benefits, the market may gain traction over the next few years.
COVID-19 Impact: Strict Lockdowns and Disrupted Supply Chains Led to the Market’s Downfall
The global COVID-19 pandemic has been unprecedented and staggering, with B2B cleaning machine experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
The B2B cleaning machine industry was significantly impacted by the current coronavirus epidemic. The market is expected to suffer as a result of the supply chain disruptions throughout the world. Healthcare institutions, manufacturing facilities, and office buildings are all vital to the market. Strict lockdowns in the major provinces of the nation restricted the different business operations across the world. In the first quarter of 2020, the launch of COVID-19 significantly reduced demand for B2B cleaning equipment. A substantial economic slowdown is anticipated in the United States, Canada, Italy, and Spain during the next two to three years as a result of COVID-19's effects on North America and Europe. The price of B2B cleaning equipment is anticipated to increase throughout the projection period as a result of the predicted decline in China's exports, which is anticipated to negatively impact profit margins for dealers of industrial cleaning chemicals. It is anticipated that the United States, Canada, Italy, and Spain would experience an economic slowdown in the next two to three years as a result of the pandemic's substantial effects on North America and Europe.
LATEST TRENDS
"Technological and Environmentally Safe Cleaning Solutions to Expand the Market Demands"
According to the current market trend, OEMs are concentrating their efforts on creating smart, easy-to-use vacuum cleaners that can be remotely operated at any time via a smartphone app. For instance, the "Viomi V3 Max" robot vacuum with LiDAR-based technology and environmentally safe cleaning solutions was presented in August 2021 by Viomi Technology Co., Ltd, a company that creates IoT-enabled home goods. The Viomi V3 Max assists in cleaning dust, filth, water stains, and crumbs off surfaces and floors. Additionally, it features a voice-activated function that can be controlled by Alexa or Google Home and can store five multi-store maps with the aid of navigation and 360° LiDAR mapping.
To develop and provide intelligent, portable, and light-weight vacuum cleaners, market players are making significant investments in research and development operations. For instance, Guandong Joy Intelligent Technology Co., Ltd (LeSheng Smart), a manufacturer of household cleaning appliances, stated in April 2022 that it had successfully completed A+ financing for USD 200 million. The money was put to use for testing, research, and development facilities for cleaning instruments such vehicle vacuums, sweeping robots, handheld vacuums, and ground cleaning equipment. Additionally, assisting market participants in gaining a competitive edge is the practice of forming strategic relationships with industry providers.
B2B Cleaning Machine Market Segmentation
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By Type Analysis
By type, market is segmented into pressure washer, sweeper, scrubber dryer and vacuum cleaner. The pressure washer will dominate the market in the coming years.
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By Application Analysis
Based on applications, the market is commercial, industrial and utility. The commercial segment will lead the global share through 2028.
DRIVING FACTORS
"Increasing Awareness About Cleanliness and Hygiene to Push the Market Demand"
Cleaning and disinfection procedures for individual and public hygiene have increased in a number of corporate offices, power plants, schools/universities, embassies, retail stores, hospitals, hotels, restaurants, and bars, among other places. Increased awareness of cleanliness and hygiene will also result in widespread use of B2B cleaning machine. Therefore, it is estimated that the B2B cleaning machine market growth will rise rapidly over the forecast period.
"Rapid Urbanization and Growing Numbers of Working-Class Women to Contribute to the Market Development"
The growing number of women in the working class in emerging nations and the rapid urbanisation will further accelerate the development rate of the B2B cleaning machine market. Additionally, during the anticipated timeframe, market value growth will be fuelled by changing consumer lifestyles and rising income levels. Additionally, the increased emphasis on cleanliness and hygiene as well as the rental as opposed to buying of B2B cleaning equipment all contribute to the market's expansion.
RESTRAINING FACTORS
"High-Price of the Cleaning Equipment and Spreading Allergies To Impede the Market Growth"
The expansion of the B2B cleaning machine market would be hampered by the emergence of certain allergens while cleaning huge areas in commercial settings. The market for commercial cleaning equipment will suffer from the extremely high price rates of B2B cleaning equipment. As a result, it is projected that this aspect will pose a threat to the B2B cleaning machine market.
B2B Cleaning Machine Market Regional Insights
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"North America to Grow Exponentially During the Forecast Period"
Due to the abundance of raw materials and equipment needed to produce B2B cleaning machines across a variety of sectors, as well as the rising proportion of people in the area who are working age, Asia Pacific holds the majority of the global B2B cleaning machine market share. The growing number of working women in North America, on the other hand, is anticipated to result in a profitable rise throughout the projected period of 2022 to 2028. Additionally, the region has seen an increase in businesses and start-ups (corporate headquarters).
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- Karcher (Germany)
- Nilfisk (Denmark)
- Tennant (U.S.)
- Hako (Germany)
- TTI (Hong Kong)
- Bucher (Switzerland)
- ZOOMLION (China)
- TASKI (Canada)
- Elgin (U.S.)
- Stihl (Germany)
- Numatic (U.K.)
- Bissell (U.S.)
- Aebi Schmidt (Switzerland)
- Generac (U.S.)
- Mastercraft Industries (U.S.)
- NSS Enterprises (U.S.)
- Tacony (U.S.)
- NaceCare Solutions (Canada)
- Adiatek (Italy)
- Factory Cat (U.S.)
REPORT COVERAGE
The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 848.7 Million in 2022 |
Market Size Value By |
US$ 1146.63 Million by 2031 |
Growth Rate |
CAGR of 3.4% from 2022 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Types & Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the B2B cleaning machine market expected to touch by 2031?
Over the research period, the B2B cleaning machine market is anticipated to reach USD 1146.63 million in 2031.
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What CAGR is the B2B cleaning machine market expected to exhibit by 2031?
The B2B cleaning machine market is expected to exhibit a CAGR of 3.4% by 2031.
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Which are the driving factors of the B2B cleaning machine market?
Increasing awareness among people and rapid urbanization are the driving factors of the B2B cleaning machine market.
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Which are the top companies operating in the B2B cleaning machine market?
Karcher, Nilfisk, Tennant, Hako, TTI, Bucher, ZOOMLION and TASKI are some of the top companies operating the B2B cleaning machine market.