Latin America Floor Cleaning Equipment Market Size & Outlook
Latin America floor cleaning equipment market, 2015-2025 (US$M)
Related Markets
Latin America floor cleaning equipment market highlights
- The Latin America floor cleaning equipment market generated a revenue of USD 436.2 million in 2018.
- The market is expected to grow at a CAGR of 8.3% from 2019 to 2025.
- In terms of segment, vacuum cleaners was the largest revenue generating product in 2018.
- Floor Scrubbers is the most lucrative product segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2018 | USD 436.2 million |
| Market revenue in 2025 | USD 763.9 million |
| Growth rate | 8.3% (CAGR from 2018 to 2025) |
| Largest segment | Vacuum cleaners |
| Fastest growing segment | Floor Scrubbers |
| Historical data covered | 2015 - 2017 |
| Base year for estimation | 2018 |
| Forecast period covered | 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, Latin America region accounted for 5.2% of the global floor cleaning equipment market in 2018.
- Globally, North America is projected to lead the regional market in terms of revenue in 2025.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,678.1 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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Latin America 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 22.19% in 2018. Horizon Databook has segmented the Latin America 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.
Floor cleaning equipment market in this region is expected to ascend at a CAGR of 8.2% over the forecast period. Innovative development in different flooring materials pertaining to sustainable flooring in the region is increasing penetration of soft and manual cleaning devices such as mops and wipers.
For instance, introduction of Brazilian cherry wood, produced from a legume tree grown in the rainforest of Brazil and Brazilian walnut flooring have introduced a new concept in hardwood flooring segment which is an eco-friendly derivate.
This type of flooring requires minimal spending in terms of cost associated with purchasing floor cleaning equipment for residential sectors as a result of lesser maintenance owing to higher resistance to scratches, scrapes, and dents.
Thus, increasing application of manual floor cleaning products is widely influencing the growth scenario of floor cleaning equipment market.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America floor cleaning equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America floor cleaning equipment market from 2015 to 2025, including revenue numbers, major trends, and company profiles.
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Latin America floor cleaning equipment market
Latin America Floor Cleaning Equipment Market Outlook Share, 2018 & 2025 (US$M)
Latin America floor cleaning equipment market
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