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The industrial vacuum cleaner industry is fragmented, with several regional companies operating on a global scale. Together these companies hold a market share of 20%-25% of the total market. These companies are investing heavily in research and development to create innovative products, such as robotic industrial vacuum cleaner. They are also focusing on expanding their distribution networks, both online and offline, to reach a wider customer base.
Major players operating in the industrial vacuum cleaner industry are:
The upright segment was valued around 1.9 billion in 2023 and is anticipated to record a CAGR of 6.8% through 2032, due to superior mobility and ease of use, allowing effortless manoeuvring around large areas and tight spaces.
The market size of industrial vacuum cleaner was worth over USD 5.6 billion in 2023 and is estimated to record a CAGR of 6.3% through 2032, due to rapid industrialization and manufacturing, particularly in emerging economies.
CRAFTSMAN, DEWALT, Dreame Global, Dyson, Emerson Electric Co., Haier Inc., iRobot Corporation, Nilfisk Group, Panasonic, SAMSUNG, and Tennant Company among others.
North America held a market share of around 39.6% in 2023 and is expected to record a CAGR of 6.6% through 2032, owing to the stringent health and safety regulations that compel industries to maintain high cleanliness standards.