The Latest Industrial Vacuum Cleaner Industry Statistics Explained
The global industrial vacuum cleaner market was valued at USD 534.09 million in 2019.
The statistic that the global industrial vacuum cleaner market was valued at USD 534.09 million in 2019 indicates the total worth of all sales generated by industrial vacuum cleaner companies worldwide during that year. This figure serves as a key indicator of the size and economic significance of the industrial vacuum cleaner industry on a global scale. It depicts the market’s overall health and growth potential, highlighting the demand for industrial vacuum cleaners and the level of competition within the market. Additionally, trends in this market value can provide insights into the broader industrial and commercial sectors, as industrial vacuum cleaners are essential tools used in various industries for maintaining cleanliness and safety standards.
The industry is expected to witness a CAGR of over 5% during 2020 – 2025.
The statement “The industry is expected to witness a Compound Annual Growth Rate (CAGR) of over 5% during 2020 – 2025” indicates that analysts or experts project that the industry will experience an average annual growth rate of more than 5% over the next five years. CAGR is a measure used to understand the year-over-year growth rate of an investment or business over a specified period of time. In this context, the expectation of a CAGR exceeding 5% suggests that the industry is forecasted to expand steadily and potentially outperform previous growth rates. This projection could be based on various factors such as market trends, economic conditions, technological advancements, or industry drivers that are likely to contribute to the industry’s growth over the specified period.
Europe held the largest market share in the industrial vacuum cleaning market in 2017.
The statistic reveals that Europe dominated the industrial vacuum cleaning market in terms of market share in 2017. This means that European countries collectively accounted for the highest percentage of sales or revenue in this particular market compared to other regions worldwide. The dominance of Europe in the industrial vacuum cleaning market suggests that the region had a strong demand for these products, likely driven by factors such as industrial activity, manufacturing operations, and overall economic growth. The statistic indicates that companies operating in this market would have found significant opportunities and a large customer base in Europe during that year.
Portable industrial vacuum cleaner market is predicted to reach over $600 million by 2024.
The statistic suggests that the portable industrial vacuum cleaner market is expected to experience significant growth over the coming years, with projections indicating that it will surpass $600 million in value by the year 2024. This forecast likely reflects an increasing demand for portable industrial vacuum cleaners across various sectors such as manufacturing, construction, and commercial cleaning. The growth in the market could be driven by factors such as technological advancements leading to more efficient and versatile products, as well as an increased awareness of the importance of maintaining clean and safe work environments. The predicted market value serves as an indication of the potential opportunities and growth prospects within the portable industrial vacuum cleaner industry for businesses and investors to capitalize on.
Asia-Pacific is expected to grow at the highest CAGR of 4.8% in the industrial vacuum cleaners market.
This statistic indicates that the Asia-Pacific region is projected to experience the highest Compound Annual Growth Rate (CAGR) of 4.8% in the industrial vacuum cleaners market compared to other regions. This suggests that there is growing demand for industrial vacuum cleaners in the Asia-Pacific region, potentially driven by factors such as expanding industrial sectors, increasing awareness of workplace cleanliness and safety standards, and technological advancements in the industry. A higher CAGR signifies a faster rate of growth over a specific period, highlighting the potential for significant market opportunities and increased market share for manufacturers and providers of industrial vacuum cleaners in the Asia-Pacific region.
Industrial vacuum cleaner market size from pharmaceutical application was valued over USD 25 million in 2017.
The statistic states that the industrial vacuum cleaner market size specifically related to the pharmaceutical application sector was reported to be over USD 25 million in the year 2017. This figure represents the total value of industrial vacuum cleaners sold and used within pharmaceutical settings during that year. The market size indicates the scale and financial value of the industry segment, suggesting that there was significant demand for industrial vacuum cleaners within the pharmaceutical sector, likely driven by factors such as cleanliness and compliance with regulatory standards. This statistic provides a snapshot of the economic activity and importance of industrial vacuum cleaners in the pharmaceutical industry in 2017.
Globally, portable vacuum cleaners dominated the market with nearly 70% market share.
The statistic indicates that portable vacuum cleaners hold a significant portion of the market share, accounting for nearly 70% of the market on a global scale. This suggests that portable vacuum cleaners are the preferred choice among consumers in the industry. The dominance of portable vacuum cleaners could be attributed to factors such as convenience, ease of use, and versatility, making them a popular option for various cleaning needs. Manufacturers and retailers may focus their efforts on marketing and promoting portable vacuum cleaners to capitalize on their market dominance and cater to consumer preferences for portable and efficient cleaning solutions.
The Upright industrial vacuum cleaner market may surpass USD 24 million by the end of 2024.
The statistic stating that the Upright industrial vacuum cleaner market may exceed USD 24 million by the end of 2024 indicates the anticipated growth and value of this specific market segment. This prediction suggests that there is a positive trend in the demand for upright industrial vacuum cleaners, leading to an expected increase in market size and revenue. Factors such as technological advancements, efficiency improvements, and industrial sector growth could be driving this projected growth. It highlights the potential opportunities for businesses operating in this market to capitalize on the rising demand for upright industrial vacuum cleaners and potentially achieve higher sales and profits in the coming years.
North America Industrial vacuum cleaner market is expected to surpass USD 250 million by 2024.
This statistic indicates a projected growth in the North America Industrial vacuum cleaner market, with an anticipated market value exceeding USD 250 million by the year 2024. This forecast suggests that the market for industrial vacuum cleaners in North America is expected to experience significant expansion and increased demand over the next few years. Factors such as increased industrial activities, technological advancements, and an emphasis on cleanliness and hygiene in various industries may contribute to this expected growth in market size. This projection serves as a valuable insight for businesses and stakeholders operating within the industrial vacuum cleaner industry, highlighting potential opportunities for market expansion and strategic decision-making.
In the Category – By Mobility, the Stationary segment was estimated to account for a market value of US$ 274.3 mn by end of 2018.
This statistic indicates that within the category of mobility, the Stationary segment was projected to represent a market value of US$274.3 million by the end of 2018. This suggests that the Stationary segment, which likely includes products or services that do not involve movement or transportation, such as stationary bikes or home gym equipment, held a significant share of the overall market within the mobility category. The value of US$274.3 million reflects the estimated total worth of products or services in this segment at the specified time, indicating its importance within the broader market landscape.
The commercial segment in the industry takes up to 4% of the total market.
The statistic means that within the industry being analyzed, the commercial segment accounts for 4% of the entire market. This suggests that the commercial sector is a relatively small portion of the overall industry. Understanding the proportion of the commercial segment is crucial for strategy and decision-making, as it indicates the level of competition, potential growth opportunities, and overall market dynamics within this specific segment. By knowing this percentage, businesses can adjust their marketing, sales, and product development efforts to target and cater effectively to the commercial segment and maximize their market share within that sector.
The food & beverage segment is expected to be the fastest growing segment during the forecasted period with a CAGR of 5.2%.
This statistic indicates that within the forecasted period, the food and beverage segment is projected to experience the highest rate of growth compared to other segments, with a compound annual growth rate (CAGR) of 5.2%. This suggests that the demand for food and beverages is expected to increase steadily over time at a relatively rapid pace. Factors contributing to this growth could include changing consumer preferences, population growth, increasing disposable income, and evolving dietary trends. Businesses operating within the food and beverage industry may benefit from this trend by anticipating and meeting the rising demand for their products and services.
Single phase industrial vacuum cleaners dominate the market accounting for over 50% of the total market share.
This statistic indicates that single-phase industrial vacuum cleaners hold a significant portion of the market share, surpassing 50%. This dominance suggests that single-phase cleaners are favored by consumers and industries over other types of industrial vacuums. The high market share could be attributed to factors such as cost-effectiveness, ease of use, or versatility in various industrial applications. Companies in the industrial vacuum cleaner sector may find this information valuable for strategic planning, product development, and marketing strategies to align with the preferences of the majority of consumers in the market.
Roughly 40% of the global market for industrial vacuum cleaners is taken up by Europe and North America.
The statistic indicates that approximately 40% of the global market share for industrial vacuum cleaners is collectively held by Europe and North America. This suggests that these two regions are significant players in the industrial vacuum cleaner industry, exerting a considerable influence on market dynamics and competition. The high market share also implies that Europe and North America likely have strong manufacturing capabilities, demand for industrial vacuum cleaners, or both. Monitoring trends and developments in these regions can provide valuable insights into the overall performance and growth prospects of the industrial vacuum cleaner market on a global scale.
The demand for stationary industrial vacuum cleaners is projected to expand at a growth rate of approximately 4.6% from 2019 to 2025.
The statistic indicates that the demand for stationary industrial vacuum cleaners is expected to increase steadily by about 4.6% per year from 2019 to 2025. This prediction suggests that the market for these specific industrial vacuum cleaners is anticipated to grow at a moderate pace over the specified time period. The 4.6% growth rate serves as an estimation of how the demand for these products is likely to evolve, reflecting potential increases in industrial cleaning needs, technological advancements, market competition, and other relevant factors that could impact consumer preferences and industry trends during the forecasted period. Overall, this statistic offers valuable insight into the anticipated growth trajectory of stationary industrial vacuum cleaners and can inform business strategies, production planning, and investment decisions within this sector.
Industrial Vacuum Cleaner Market in MEA is expected to rise at a CAGR of 4.5% from 2017 to 2026.
This statistic indicates that the Industrial Vacuum Cleaner Market in the Middle East and Africa (MEA) region is projected to experience a Compound Annual Growth Rate (CAGR) of 4.5% from the year 2017 to 2026. This forecast suggests a steady and consistent annual increase in market size over the specified time period. The CAGR is a useful metric for investors and industry analysts to understand the estimated growth rate of the market and make informed decisions about potential opportunities within the industrial vacuum cleaner sector in the MEA region.
Demand for industrial vacuum cleaners which use electricity is anticipated to show the highest growth, registering a CAGR of 5.3% during forecast period 2017-2026.
This statistic indicates that the demand for industrial vacuum cleaners powered by electricity is expected to experience significant growth over the forecast period from 2017 to 2026, with a compound annual growth rate (CAGR) of 5.3%. This implies that the market for these specific types of industrial cleaning equipment is projected to expand steadily at an average annual rate of 5.3% over the nine-year period. Factors such as increasing industrialization, advancements in technology leading to more efficient and powerful vacuum cleaners, and a growing emphasis on maintaining clean and safe work environments are likely driving this growth trend. Ultimately, this statistic highlights the growing preference for electric-powered industrial vacuum cleaners and the potential opportunities for manufacturers and suppliers operating in this market segment.
In terms of capacity, 30 liters to 60 liters segment held the largest market share in 2019.
The statistic “In terms of capacity, the 30 liters to 60 liters segment held the largest market share in 2019” indicates that among all capacity segments within the market, the range of 30 to 60 liters accounted for the highest proportion of sales or market activity in the year 2019. This suggests that products falling within this particular range of capacity were most popular or in demand by consumers during that time period. The information provides valuable insights into consumer preferences and market trends, highlighting the significance of the 30 to 60 liters segment within the overall market landscape in 2019.
The manufacturing & warehouse application accounted for the largest share of more than 30% in the industrial vacuum cleaner market in 2019.
The statistic indicates that among all the applications of industrial vacuum cleaners in 2019, the manufacturing and warehouse sector held the highest proportion of market share, exceeding 30%. This suggests that manufacturing and warehouse facilities were the primary users or purchasers of industrial vacuum cleaners during that year. The dominance of this sector in the market highlights the importance and widespread adoption of these products within industrial settings such as factories, warehouses, and production facilities. This information could be valuable for companies involved in manufacturing industrial vacuum cleaners as it indicates a potential lucrative market segment with high demand for their products.
References
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