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Home » News » Industrial vacuum cleaner market to be worth $681.3 million by 2023

Industrial vacuum cleaner market to be worth $681.3 million by 2023

The industrial vacuum cleaner market is predicted to grow from USD 536.9 million in 2018 to USD 681.3 million by 2023, at a CAGR of 4.88%, by researchers involved in compiling a new market research report. The market in the Asia Pacific region is expected to grow at the highest Compound Annual Growth Rate during the forecast period. The setting up of special economic zones and dedicated industrial corridors in India is fueling the growth of the manufacturing sector. Therefore, notes the report, there has been an increase in micro-, small-, and medium-sized enterprises in the country. This has increased the demand for commercial cleaning equipment, such as vacuum cleaners. The adoption of advanced cleaning equipment is expected to rise in the coming year in these countries, especially in India.

The report acknowledges that Alfred Kaercher (Germany), Nilfisk (Denmark), and Tennant (US) are among the key players in this market. Other companies covered are Comac (Italy), Nederman (Sweden), Suiden (Japan), Hako (Germany), Eureka Forbes (India), Exair (US), Diversey (Taski) (US), Numatic International (UK), Delfin Industrial Vacuums (Italy), Ruwac Industriesauger (Germany), Kraenzle (Germany), Sibilia (Italy), American Vacuum Company (US), Debus (Germany), RGS Vacuum System (Italy), Depureco Industrial Vacuums (Italy), and Ghibli & Wirbel (Italy).

The industrial vacuum cleaner market is predicted to grow from USD 536.9 million in 2018 to USD 681.3 million by 2023, at a CAGR of 4.88%, by researchers involved in compiling a new market research report. The market in the Asia Pacific region is expected to grow at the highest Compound Annual Growth Rate during the forecast period. The setting up of special economic zones and dedicated industrial corridors in India is fueling the growth of the manufacturing sector. Therefore, notes the report, there has been an increase in micro-, small-, and medium-sized enterprises in the country. This has increased…

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