Industrial Vacuum Cleaners Market is Expected to Expand at a CAGR of 5.2% from 2023 to 2033
Future Market Insights (FMI), a multinational market intelligence firm, in its recently released report on the global industrial vacuum cleaners market, offers out a comprehensive analysis of the demand-supply landscape at the side of some key unjust insights into the class rating analysis.
The world industrial vacuum cleaners market is calculable
at US$ 569.1 Million by 2022 and is predicted to achieve US$
944.81 Billion by 2028, at a CAGR of 5.2% from 2022 to 2032.
Growing global concern towards occupational safety and
health combined with stringency in regulations ensuring the same are the two
critical factors likely to push industrial vacuum cleaners sales in the next
few years.
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Although, the global industrial vacuum cleaners market is
expected to expand at a steady growth rate of approximately 5.1 percent in
2019, it is estimated that post 2023, the global industrial vacuum cleaners
market may witness steep fall considering growing overall procurement
expenditure arising from import tariff duties on raw materials.
In terms of volume sales, approximately 90,800 Units are
likely to be shipped in 2019, representing a relatively moderate CAGR during
2022-2028—the timeline considered in the scope of the study.
While, food & beverage and pharmaceutical industries
will remain the two prominent large-scale end-users of industrial vacuum
cleaners, demand in construction, metal working, and automotive industries will
also grow at a significant rate, in the coming years. Applications of
industrial vacuum cleaners in automotive segment are estimated to grow owing to
strong demand from Asia Pacific region, as per the report.
Sales May Suffer from Fluctuating Raw Materials Prices
“FMI perceives increasing prices of raw materials such as
aluminum and steel as a critical market growth restrainer. Several end-use
industries, specifically in developing markets are still dependent on manual
cleaning equipment. The estimated cost breakdown of an industrial vacuum
cleaner by components indicates that the electric or pneumatic system parts of
the operation remains the highest, accounting for approximately 24 percent of
the total cost of the product. The high price associated with industrial vacuum
cleaners slows down the sales of the equipment. Since, utilization of
industrial vacuum cleaners is based on the degree of customization incorporated
in the equipment, small and medium industries prefer adopting manual cleaning
equipment versus industrial vacuum cleaners”, Senior Analyst, Future Market
Insights. In addition, the low adoption of industrial vacuum cleaner
is mainly attributed to lack of awareness among consumers related to improper
disposal of waste generated and high initial cost of the products.
Stringency in Workplace Safety Regulations to Drive
Demand
Several workplace regulations demand the installation of
industrial vacuum cleaners for a variety of applications—ranging from heavy
blast materials, grain handling, pit cleaning to combustible dust collecting.
The demand for industrial vacuum cleaners is anticipated to increase given that
most deaths and injuries occur in confined work spaces, during cleaning,
maintenance, and inspection procedures, as recorded by Occupational Health and
Safety Administration (OSHA).
In addition, in compliance with grades of dust classes,
companies in the industrial vacuum cleaners landscape are manufacturing
products with higher suction capabilities and improved filter designs.
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Design and Technological Innovations to Drive Sales; APEJ
to Offer Installation Opportunities
- Several
industrial vacuum cleaners manufacturers are focusing on developing
innovative products—in terms of capacity and capability. Ranging from
super-sized robot industrial vacuum cleaners for airports, equipped with
large-capacity canisters along with multi-brushes and motors to ‘smarter’
variants having cameras and obstacle-detecting sensitive bumpers and
sensors using LIDAR (Light Detection and Ranging) and Simultaneous
Localization and Mapping (SLAM) technology for effective location
tracking—such advancements are predicted to increase the adoption of
industrial vacuum cleaners in the coming years.
- Adoption
rate of industrial vacuum cleaners is anticipated to remain promising in
emerging markets of APEJ, considering shifting of production sites to
low-cost facilities. APEJ will remain the most preferred center for global
companies to set up manufacturing facilities, translating into faster
replacement of manual cleaning equipment. GCC countries, on the other
hand, are projected to restrict dependence on oil by equipping the
cleaning equipment with IoT sensors.
Insights from Segmental Analysis
- Based
on the current market scenario, canister-type industrial vacuum cleaners
will dominate the landscape, with approximately 55 percent market share.
Better maneuverability combined with superior capacity and efficiency
compared to upright and backpack makes canister-type industrial vacuum
cleaners extremely versatile and capable of cleaning numerous surfaces.
However, FMI foresees growing demand for the other two variants,
specifically in smaller work areas.
- On the
basis of mode of operation, although Electric industrial vacuum cleaners
will dominate in terms of value and volume sales, with approximately 78
percent market share, Pneumatic mode type is anticipated to represent a
promising demand landscape in the coming years, given its simplistic
designs and higher efficiency compared to electric variants.
- Portable
industrial vacuum cleaners, by system type, will remain at the forefront
due to it suitability in tight spaces, versus stationary systems.
- Application
of industrial vacuum cleaners for heavy duty cleaning processes will
generate maximum revenue, specifically in extensive food & beverage
and pharmaceutical applications. Explosion proof segment is estimated to
capture around one-third of the total market value by 2028-end.
Competitive Landscape Analysis: In a nutshell, key
focus remain on consolidation efforts in the highly competitive industrial
vacuum cleaners market, as small and medium sized manufacturers dominate the
landscape.
- Tier-1
companies, such as Alfred Kärcher GmbH & Co. KG, Nilfisk, Inc., TTI
Floor Care North America, and DELFIN are expected to hold a relatively
larger market revenue slice, given the expansive product portfolio and
efficient distribution channels.
- Tier-2
companies, on the other hand, hold approximately 33 percent market share,
showing string dominance over regional markets. Such companies include,
Numatic International Ltd., G. Staehle GmbH u. Co. KG, and Ghibli &
Wirbel SpA, among others.
- Key
manufactures of industrial vacuum cleaners are projected to focus on price
reduction, wider product offering, and long-term distribution partnerships
for a stronger local presence.
- Considering
substantial revenue opportunities in China, India, and SEAP, manufacturers
are likely to aggressively push product in these markets through
well-structured and efficient supply chain along with improved retailing
network.
Key segments
By Mode of Operation:
- Electric
Industrial Vacuum Cleaners
- Pneumatic
Industrial Vacuum Cleaners
By System Type:
- Portable
Industrial Vacuum Cleaners
- Stationary
Industrial Vacuum Cleaners
By Product Type:
- Upright
- Canisters
- Backpacks
By Application:
- Heavy
Duty Industrial Vacuum Cleaners
- Medium
Duty Industrial Vacuum Cleaners
- Explosion
Proof Industrial Vacuum Cleaners
By End Use:
- Food
& Beverages
- Pharmaceuticals
- Construction
- Metal
Working
- Automotive
- Others
By Region:
- North
America Latin America
- Europe
- East
Asia
- South
Asia & Pacific
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