$1.33 Billion Escalator Cleaning Machine Markets - Global Outlook & Forecast Report 2021-2026 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 29, 2021--
The “Escalator Cleaning Machine Market - Global Outlook & Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.
The global escalator cleaning machine market size to witness USD 1335.00 million by 2026, growing at a CAGR of over 11.36% during the forecast period.
The study considers the present scenario of the escalator cleaning machine market and its market dynamics for the period 2021-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspects of the market. It profiles and examines leading companies operating in the market.
The global escalator cleaning machine market has been witnessing consistent growth over the last few years, and the growth is expected to continue during the forecast period. The rising shift towards urbanization and urban lifestyle is one of the key factors driving demand for escalator cleaners.
There was a decline in the production level and demand in Q1 and Q2 of 2020 due to the lockdown restrictions imposed across various countries because of COVID-19. However, as soon as the economy started to see a reviving trend, the demand started rising due to increased safety norms and various COVID-19 protocols.
ESCALATOR CLEANING MACHINE MARKET SEGMENTATION ANALYSIS
Walk-behind escalator cleaning machine dominates the industry by product. The major reasons for this are its low cost, ease of use, and economical for small-scale setup.
Nowadays, many vendors have started offering machines with both dry and wet cleaning features. Since this feature is new and effective, it is expected to witness the highest CAGR of over 14% during the forecast period.
Airport and air travel will increase in global, regional economies, with APAC and the Middle East performing strongly. Modernization of airports, the launch of many greenfield airports and, an increase in low-cost carriers are driving the growth. This will, in turn, increase market demand for escalator cleaning machines in this sector.
Direct sales channels dominate around 63.32% of the escalator cleaning machine market share. It allows consumers to buy goods directly from vendors, selling their products at lower prices and gaining a competitive edge.
The growth of construction activities and the expansion of commercial areas drive the demand for professional cleaning equipment.
North America was the largest market for escalator cleaners, with a share of 31.71% in 2020. A highly stable economy, awareness about the technology, large commercial industrial base are the major factors propelling the elevator and escalator industry.
The APAC region is one of the fastest-growing regions in the global market, which is supported by strong economic development in India and China.
In France, the growth of the travel and tourism industry resulted in increased hospitality occupancy rates of 75%. The rising tourist traffic in the country has propelled the need for higher cleaning and maintenance, which, in turn, is driving the demand for escalator cleaners.
The global escalator cleaning machine market is highly competitive with the presence of a considerable number of vendors. The market’s key vendors are Alfred Karcher, Duplex cleaning machines, Eureka, HEFTER Cleantech, JUMA Reinigungstechnik, Nilfisk Group, Rosemor International, Columbus, Roots Multiclean, MACH, and Henan Pivot Machinery.
- Growing labor expense in several developed regions, rising shift towards robotic and automation, and shifting trend towards less human intervention are the major factors boosting demand for automatic escalator cleaning machines.
- The most significant benefit of walk-behind escalator cleaning machine is that they are typically a more economical option.
- Commercial cleaning, industrial cleaning, and janitorial services concentrate in developed industrial economies such as Australia, Canada, Japan, the US, and countries in Western Europe.
- The main factor hindering the growth of commercial cleaning equipment is cheap labor in less developed countries.
- Global players such as Nilfisk, Karcher, and Duplex dominate the industry due to their vast infrastructure and R&D facilities.
- Alfred Karcher
- Duplex Cleaning Machines
- HEFTER Cleantech
- JUMA Reinigungstechnik
- Nilfisk Group
- Rosemor International
- Roots Multiclean
- Henan Pivot Machinery
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of the Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7.1.1 Case Study
7.1.2 Shift Toward Urbanization: Market Driver
7.1.3 Parameters Impacting Market Growth
7.2 Raw Material Insights
7.3 Construction Insights
7.3.1 Commercial Construction
7.3.2 Public Infrastructural Construction
7.4 US-China Trade Issues
7.5 COVID-19 Impact Analysis
7.5.1 Impact of COVID-19: Supply Side
7.5.2 Impact of COVID-19: Demand Side
7.6 Frequently Asked Questions
7.6.1 At what rate will the escalator cleaning machine market grow? What will be the value in 2026?
7.6.2 What are the factors driving the demand for the automatic escalator cleaning machine market?
7.6.3 How does the escalator cleaning machine market vary across different regions?
7.6.4 What are the major end-users in the market?
8 Market Opportunities & Trends
8.1 Automation and IoT Enhancing Product Functionalities
8.2 Advent of Robotic/Automatic Cleaning Equipment
8.3 Industry 4.0 to Boost Escalator Market
9 Market Growth Enablers
9.1 Long-Term Growth in the Travel and Tourism Industry
9.2 Growth of Vertical Buildings
9.3 Aging Population Driving the Demand for Escalators
9.4 Shopping Centers & Malls Generating Market Demand
10 Market Restraints
10.1 Low Awareness and Adoption of Cleaning Standards in Emerging Countries
10.2 High Cost of Procurement and Installation
10.3 Volatility in Raw Material Prices
10.4 Longer Replacement Cycles
11 Market Landscape
11.1 Market Overview
11.2 Key Insights
11.3 Demand Insights
11.4 Market Size & Forecast
11.5 Market by Product
11.6 Market by Sales Channel
11.7 Market by End-User
11.8 Market by Cleaning Process
11.9 Market by Geography
11.10 Five Forces Analysis
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
13 Cleaning Process
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Wet Cleaning
13.4 Dry Cleaning
13.5 Dry & Wet Cleaning
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Shopping Centers & Malls
14.4 Airports & Public Utilities
15 Sales Channel
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Direct Sales
15.4 Indirect Sales
For more information about this report visit https://www.researchandmarkets.com/r/gkcb0l
View source version on businesswire.com:https://www.businesswire.com/news/home/20211029005273/en/
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PUB: 10/29/2021 08:27 AM/DISC: 10/29/2021 08:27 AM