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Shibuya-ku, Tokyo, Japan, Japan, Apr 27, 2022, 06:19 /Comserve / -- The global steam cleaner market is expected to grow at a CAGR of approximately 6% during the forecast period 2022-2031.
The awareness to decrease usage of harmful chemicals and their presence in runoff water is a major factor for the growth of the global steam cleaner market. The rise in construction, hospitality, commercial, and retail industries and the growing adoption of energy-efficient and sustainable practices are other main factors driving the growth.
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One of the emerging trends witnessed is the introduction of environmentally sustainable services. Green cleaning mainly refers to the usage of amenities that have a less impact on human health and the environment. Equipment manufacturers are constantly evolving technology to meet industrial standards, thereby generating several opportunities for the players. Both residential and commercial end-users in developed countries and in a few emerging economies are focusing on adopting sustainable technologies.
The following factors are likely to contribute to the growth of the steam cleaner market during the forecast period:
• Improving Hygiene Standards in Commercial Landscape
• Increasing Demand from Hospitality Industry
• Growing Traction toward Green Cleaning Technology
• Increasing Usage in Carpet Cleaning
The study considers the present scenario of the global steam cleaner market and its market dynamics for the period 2022−2031. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent companies operating in the market.
Steam Cleaner Market: Segmentation
This research report includes detailed segmentation by product type, power source, cleaning methods, end-user, distribution channel, and geography. Upright devices are largely popular in developed countries such as the US and Europe, however, their adoption is currently growing across the globe, especially in commercial and residential segments. The need for quick-fix solutions in restaurants, hotels, food stations, pharmaceuticals, and other commercial places is majorly contributing to the growth of Canister steam cleaners market.
The adoption of steam cleaner devices in residential settings is primarily driven by the need to achieve a hygienic and chemical-free cleaning of floors, walls, and kitchens. They are gaining traction as deep cleaning and sanitization of carpets at homes is growing. Kitchen and carpets form the largest application end-users in the residential segment. The growing residential construction has increased the expenditure on remodeling and renovations. The heightened sense of health and hygiene consciousness among consumers is to drive the market for substantial and eco-friendly floor cleaning equipment.
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North America was the largest market for steam only equipment, accounting a 36% share in 2018. APAC, however, is expected to emerge as the fastest market during the forecast period. Factors such as rapid urbanization, infrastructure development, changing lifestyles, and increasing disposable income are mainly driving the segment. The markets in MEA and Latin America are also expected to grow significantly during the forecast period. The increasing usage of steam cleaning for floor, tiles, kitchens and food stations, children and pet area, as well as synthetic fabrics is driving the segment. Steam cleaner devices can easily remove tough stains from synthetic fabrics and hard surfaces, while deep cleaning and sanitizing the surface.
The market is being highly competitive; distributors are increasingly focusing on extending their reach to improve business opportunities and aftermarket services. Steam cleaner equipment is mainly sold through retail distribution channels such as specialty stores, dealership and distributors, supermarkets, and hypermarkets. Online sales contributed a 20 % share in 2018, driven by the demand from retailers, dealers, and consumers for a multi-channel approach and support. Steam cleaner devices are sold largely through dealership websites and online retailers. A lot of offline distributors are moving the sale’s process online by incorporating e-commerce solutions and enterprise resource planning systems.
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
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