In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Escalator Cleaning Machine Market Report. The global escalator cleaning machine market size to witness USD 1335.
New York, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Escalator Cleaning Machine Market - Global Outlook & Forecast 2021-2026" - https://www.reportlinker.com/p06177601/?utm_source=GNW
00 million by 2026, growing at a CAGR of over 11.36% during the forecast period.
ESCALATOR CLEANING MACHINE MARKET OVERVIEW
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.
The following factors are likely to contribute to the growth of the escalator cleaning machine market during the forecast period:
• Long term growth in the travel and tourism industry
• Growth of vertical buildings
• Aging population
• Automation and IoT enhancing product functionalities
• The advent of robotic/automatic cleaning equipment
• Industry 4.0 to boost escalators market
KEY HIGHLIGHTS
• 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, Kärcher, and Duplex dominate the industry due to their vast infrastructure and R&D facilities.
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.
ESCALATOR CLEANING MACHINE MARKET SEGMENTATION ANALYSIS
• This research report includes a detailed segmentation by
o Product
o Cleaning Process
o End-User
o Sales Channel
• 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.
Segmentation by Product
• Walk-Behind
• Automatic
Segmentation by Cleaning Process
• Dry Cleaning
• Wet Cleaning
• Dry & Wet Cleaning
Segmentation by End Users
• Shopping Centers & Malls,
• Airports & Public Utilities
• Hospitality
• Others
Segmentation by Sales Channel
• Direct
• Indirect
GEOGRAPHICAL ANALYSIS
• 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.
Segmentation by Geography
• North America
o US
o Canada
• Europe
o Germany
o France
o UK
o Spain
o Italy
• APAC
o China
o Japan
o Australia
o South Korea
o India
• Middle East & Africa
o GCC
o South Africa
o Turkey
• Latin America
o Brazil
o Mexico
o Rest of Latin America
VENDOR ANALYSIS
• 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.
Key Vendors
• Alfred Karcher
• Duplex Cleaning Machines
• Eureka
• HEFTER Cleantech
• JUMA Reinigungstechnik
• Nilfisk Group
• Rosemor International
• Columbus
• Roots Multiclean
• MACH
• Henan Pivot Machinery
KEY QUESTIONS ANSWERED:
1. How big is the escalator cleaning machine market?
2. What are the latest market trends in escalator cleaners?
3. Who are the end-users in the escalator cleaning machine market?
4. Which region accounted for the highest market share in escalator cleaning machines?
5. Who are the key vendors in the escalator cleaning machine market?
6. What are the factors driving the demand for automatic escalator cleaner market?
Read the full report: https://www.reportlinker.com/p06177601/?utm_source=GNW
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