Northbrook, IL -- (SBWIRE) -- 10/31/2018 -- According to the new market research report "Industrial Vacuum Cleaner Market by Type (Dry and Wet & Dry), Power Source (Electric & Pneumatic), Industry (Food & Beverages, Pharmaceuticals, Manufacturing, Metalworking, and Building & Construction), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the industrial vacuum cleaner market is expected to grow from USD 536.9 million in 2018 to USD 681.3 million by 2023, at a CAGR of 4.88%. Benefits offered by industrial vacuum cleaners that include removal of tough deposits and hard stains from industries, continuous cleaning operations, and saving on the labor and man hours, which drive the industrial vacuum cleaner market. Increasing awareness about hygiene and safety requirements at the workplace and rising labor cost in developing countries are also fueling the growth of industrial vacuum cleaner market. Dirty and contaminated areas in industries can impact significantly on the health of an employee. Further, the Occupational Safety and Health Administration (OSHA), an agency of the United States Department of Labor, has stated the rules for clean and hygienic workplaces. Therefore, many industrial cleaning equipment manufacturers offer industrial vacuum cleaners that comply with OSHA standards.

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Market for food & beverages industry expected to capture largest market share during the forecast period

The housekeeping activity in the food & beverages industry is a regulatory requirement. The industry is more particular in its cleaning solutions. In the food & beverages industry, vacuum cleaners need to comply with the Food Safety Modernization Act (FSMA) and must implement Hazard Analysis and Critical Control Points (HACCP) in their process.

The food & beverages industry is always in spotlight owing to the health and safety of consumers. OSHA estimates that every year foodborne illnesses cost the food industry more than USD 15.6 billion and send many Americans to the hospitals. Therefore, food processing facilities need to maintain cleanliness and hygiene in all food processing areas.

Browse in-depth TOC on "Industrial Vacuum Cleaner Market"

62 - Tables

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138 - Pages

Industrial vacuum cleaner market in Asia Pacific to grow at highest CAGR during forecast period

The global industrialization in emerging countries, such as China and India, has led to increasing demand for quick cleaning solutions. The setting up the special economic zones (SEZs) and dedicated industrial corridors in India fueling the growth of the manufacturing sector. Therefore, there has been an increase in micro-, small-, and medium-sized enterprises in the country. This has increased the demand for commercial cleaning equipment, such as vacuum cleaners. The adoption of advanced cleaning equipment is expected to rise in the coming year in these countries, especially in India.

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Alfred Kaercher GmbH & Co. KG (Germany), Nilfisk A/S (Denmark), and Tennant Company (US) are among the key players in this market. Other companies covered in this report are Comac SpA (Italy), Nederman Holding AB (Sweden), Suiden Co., Ltd. (Japan), Hako GmbH (Germany), Eureka Forbes Limited (India), EXAIR Corporation (US), Diversey, Inc. (Tasky) (US), Numatic International Ltd. (UK), Delfin Industrial Vacuums (Italy), Ruwac Industriesauger GmbH (Germany), Kraenzle (Germany), Sibilia S.r.l. (Italy), American Vacuum Company (US), Debus GmbH (Germany), RGS Vacuum System (Italy), Depureco Industrial Vacuums (Italy), and Ghibli & Wirbel (Italy).

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