China Floor Cleaning Equipment Market Size & Outlook
China floor cleaning equipment market, 2015-2025 (US$M)
Related Markets
China floor cleaning equipment market highlights
- The China floor cleaning equipment market generated a revenue of USD 450.7 million in 2018 and is expected to reach USD 851.6 million by 2025.
- The China market is expected to grow at a CAGR of 9.5% from 2019 to 2025.
- In terms of segment, vacuum cleaners was the largest revenue generating product in 2018.
- Floor Sweepers is the most lucrative product segment registering the fastest growth during the forecast period.
Floor cleaning equipment market data book summary
| Market revenue in 2018 | USD 450.7 million |
| Market revenue in 2025 | USD 851.6 million |
| Growth rate | 9.5% (CAGR from 2018 to 2025) |
| Largest segment | Vacuum cleaners |
| Fastest growing segment | Floor Sweepers |
| Historical data | 2015 - 2017 |
| Base year | 2018 |
| Forecast period | 2019 - 2025 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Floor Scrubbers, Vacuum Cleaners, Floor Sweepers, Manual Sweeper, Mops, Floor Wiper |
| Key market players worldwide | Tennant Co, Nilfisk Group, Alfred Kärcher, Hako Group, Eureka Therapeutics, International Cleaning Equipment, Comac, Minuteman International, Denis Rawlins |
Other key industry trends
- In terms of revenue, China accounted for 5.3% of the global floor cleaning equipment market in 2018.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2025.
- In Asia Pacific, China floor cleaning equipment market is projected to lead the regional market in terms of revenue in 2025.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 675.4 million by 2025.
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Floor Cleaning Equipment Market Scope
Floor Cleaning Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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China floor cleaning equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to floor cleaning equipment market will help companies and investors design strategic landscapes.
Vacuum cleaners was the largest segment with a revenue share of 28.67% in 2018. Horizon Databook has segmented the China floor cleaning equipment market based on floor scrubbers, vacuum cleaners, floor sweepers, manual sweeper, mops, floor wiper covering the revenue growth of each sub-segment from 2015 to 2025.
China accounts for 32.2% sales of floor cleaning equipment market in Asia Pacific and is also estimated to witness the growth rate at a CAGR of 9.4% compared to other countries owing to rising construction of new households and deeper penetration of cleaning equipment as a result of improving lifestyle conditions.
According to the article published by Princeton University and the Chinese University of Hong Kong, housing sales in China led to a contribution of 16.4% to the country’s GDP. Since China is witnessing a dramatic and long-lasting boom in the real estate sector.
The market for floor cleaning equipment in residential segment is expected to witness a boom. Moreover, rising infrastructural development in the country is paving way for ample growth opportunities for floor cleaning machines and products which is making manufacturers more inclined to invest in the region.
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Target buyers of China floor cleaning equipment market databook
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Our clientele includes a mix of floor cleaning equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China floor cleaning equipment market , including forecasts for subscribers. This country databook contains high-level insights into China floor cleaning equipment market from 2015 to 2025, including revenue numbers, major trends, and company profiles.
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China floor cleaning equipment market size, by product, 2015-2025 (US$M)
China Floor Cleaning Equipment Market Outlook Share, 2018 & 2025 (US$M)
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