Pneumatic industrial vacuum cleaners Market 2022 Outlook, Current and Future Industry Landscape Analysis 2028
Future Market Insights (FMI), an international market intelligence firm, in its recently released report on the global Pneumatic industrial vacuum cleaners market, offers a comprehensive analysis of the demand-supply landscape at the side of some critical unfair insights into the class rating analysis.
Industrial Vacuum Cleaners Market Size (2022) US$
569.1 Mn Sales Forecast for Industrial Vacuum Cleaners
(2028) US$ 771.2 Mn Global Market Growth Rate (2022 to
2028) 5.2% CAGR Share of Top 5 Industrial Vacuum Cleaner
Manufacturers 45%
Growing global concern towards occupational safety and
health combined with stringency in regulations ensuring the same are the two
critical factors likely to push Pneumatic industrial vacuum cleaners sales in
the next few years.
Although the global industrial vacuum cleaners market is
expected to expand at a steady growth rate of approximately 5.1 per cent in
2019, it is estimated that post-2023, the global industrial vacuum cleaners
market may witness a steep fall considering growing overall procurement
expenditure arising from import tariff duties on raw materials.
In terms of volume sales, approximately 90,800 Units are
likely to be shipped in 2019, representing a relatively moderate CAGR during
2022-2028—the timeline considered in the scope of the study.
While food & beverage and pharmaceutical industries will
remain the two prominent large-scale end-users of industrial vacuum cleaners,
demand in construction, metalworking, and automotive industries will also grow
at a significant rate, in the coming years. Applications of industrial vacuum
cleaners in the automotive segment are estimated to grow owing to strong demand
from the Asia Pacific region, as per the report.
Sales May Suffer from Fluctuating Raw Materials Prices
“FMI perceives increasing prices of raw materials such as
aluminium and steel as a critical market growth restrainer. Several end-use
industries, specifically in developing markets are still dependent on manual
cleaning equipment. The estimated cost breakdown of an industrial vacuum
cleaner by components indicates that the electric or pneumatic system parts of
the operation remain the highest, accounting for approximately 24 per cent of
the total cost of the product.
The high price associated with industrial vacuum cleaners
slows down the sales of the equipment. Since the utilization of industrial
vacuum cleaners is based on the degree of customization incorporated in the
equipment, small and medium industries prefer adopting manual cleaning
equipment versus Pneumatic industrial vacuum cleaners”, Senior Analyst, Future
Market Insights. In addition, the low adoption of industrial vacuum cleaners is mainly
attributed to a lack of awareness among consumers related to improper disposal
of waste generated and the high initial cost of the products.
Stringency in Workplace Safety Regulations to Drive
Demand
Several workplace regulations demand the installation of
industrial vacuum cleaners for a variety of applications—ranging from heavy
blast materials, grain handling, pit cleaning to combustible dust collecting. The
demand for industrial vacuum cleaners is anticipated to increase given that
most deaths and injuries occur in confined workspaces, during cleaning,
maintenance, and inspection procedures, as recorded by Occupational Health and
Safety Administration (OSHA).
In addition, in compliance with grades of dust classes,
companies in the industrial vacuum cleaners landscape are manufacturing
products with higher suction capabilities and improved filter designs.
Design and Technological Innovations to Drive Sales; APEJ
to Offer Installation Opportunities
Several Pneumatic industrial vacuum cleaners manufacturers
are focusing on developing innovative products—in terms of capacity and
capability. Ranging from super-sized robot industrial vacuum cleaners for
airports, equipped with large-capacity canisters along with multi-brushes and
motors to ‘smarter’ variants having cameras and obstacle-detecting sensitive
bumpers and sensors using LIDAR (Light Detection and Ranging) and Simultaneous
Localization and Mapping (SLAM) technology for effective location tracking—such
advancements are predicted to increase the adoption of industrial vacuum
cleaners in the coming years.
The adoption rate of industrial vacuum cleaners is
anticipated to remain promising in emerging markets of APEJ, considering
the shifting of production sites to low-cost facilities. APEJ will remain the
most preferred centre for global companies to set up manufacturing facilities,
translating into the faster replacement of manual cleaning equipment. GCC
countries, on the other hand, are projected to restrict dependence on oil by
equipping the cleaning equipment with IoT sensors.
Insights from Segmental Analysis
Based on the current market scenario, canister-type
industrial vacuum cleaners will dominate the landscape, with approximately 55
per cent market share. Better manoeuvrability combined with superior capacity
and efficiency compared to upright and backpacks makes canister-type industrial
vacuum cleaners extremely versatile and capable of cleaning numerous surfaces.
However, FMI foresees growing demand for the other two variants, specifically
in smaller work areas.
Based on mode of operation, although Electric industrial
vacuum cleaners will dominate in terms of value and volume sales, with
approximately 78 per cent market share, the Pneumatic mode type is anticipated
to represent a promising demand landscape in the coming years, given its
simplistic designs and higher efficiency compared to electric variants.
Portable industrial vacuum cleaners, by system type, will remain at the
forefront due to their suitability in tight spaces, versus stationary systems.
Application of industrial vacuum cleaners for heavy-duty
cleaning processes will generate maximum revenue, specifically in extensive
food & beverage and pharmaceutical applications. The explosion-proof
segment is estimated to capture around one-third of the total market value by
2028-end.
Competitive Landscape Analysis: In a nutshell, the
key focus remains on consolidation efforts in the highly competitive Pneumatic
industrial vacuum cleaners market, as small and medium-sized manufacturers
dominate the landscape.
Tier-1 companies, such as Alfred Kärcher GmbH & Co. KG,
Nilfisk, Inc., TTI Floor Care North America, and DELFIN are expected to hold a
relatively larger market revenue slice, given the expansive product portfolio
and efficient distribution channels. Tier-2 companies, on the other hand, hold
approximately 33 per cent market share, showing strong dominance over regional
markets. Such companies include Numatic International Ltd., G. Staehle GmbH u.
Co. KG, and Ghibli & Wirbel SpA, among others. Key manufacturers of
industrial vacuum cleaners are projected to focus on price reduction, wider
product offerings, and long-term distribution partnerships for a stronger local
presence. Considering substantial revenue opportunities in China, India, and
SEAP, manufacturers are likely to aggressively push products in these markets
through a well-structured and efficient supply chain along with an improved
retailing network.
Access Full Report: https://www.futuremarketinsights.com/reports/industrial-vacuum-cleaners-market
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