Floor cleaning equipment market expected to reach $397.2 billion by 2032 with 11.7% CAGR growth

From GlobeNewswire: 2024-12-16 05:30:00

The floor cleaning equipment market was valued at USD 150.5 billion in 2023, with a projected 11.7% CAGR growth from 2024 to 2032, driven by a focus on hygiene. Demand for high-performance cleaning solutions is rising, especially in commercial spaces, with vacuum cleaners leading the market at over USD 43.5 billion in 2023.

Efficient floor cleaning equipment reduces time and labor, enhancing ease of use and effectiveness, making it popular for maintaining cleanliness in households and businesses. Offline retail dominates distribution channels, with North America leading the market at over USD 45.9 billion in 2023, expected to grow at 12% CAGR through 2032.

The floor cleaning equipment market is poised for significant growth as consumers and businesses recognize the benefits of advanced cleaning solutions. Technological innovations and a focus on health and sanitation are driving this trend, with key players like Alfred Karcher, Bosch, Dyson, and Nilfisk shaping the industry.



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