According to our latest market study on “Industrial Floor Scrubbers Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Offering, Product, End-Use, and Component,” the market is projected to reach US$ 6,334.41 million by 2028 from US$ 3,522.80 million in 2021; it is expected to grow at a CAGR of 6.7% from 2021 to 2028.
The growing number of commercial spaces in the region, such as malls, restaurants and resorts, hospitals, airports, and other businesses, has contributed considerably to the expansion of the floor cleaning equipment market, leading to the growth in the industrial floor scrubbers market. In addition, several industries, including manufacturing, healthcare, and hospitality, are likely to invest in floor cleaning equipment as a result of the requirement to maintain good hygiene standards to avoid and decrease the spread of COVID-19 such activities are contributing to the industrial floor scrubbers market growth.
Moreover, the increasing development of the healthcare and pharmaceutical industry in the region is further driving the market growth. Some of the significant hospital infrastructure projects across Europe, which started in 2021. For Instance, the development project of the Lörrach Central Hospital campus entails the development of a 47,000-square-meter Central Hospital complex in Lörrach, Baden-Württemberg, Germany, worth US$ 418 million. The construction began in Q3 2021 and is projected to be completed in Q4 2025. Another instance is the Hospitacite Hospital Complex Redevelopment project that involves the construction of a hospital complex in the municipality of WoluweSaint-Lambert, Belgium. The construction work started in Q3 2021 and is anticipated to be completed in Q4 2025.
Such initiatives across the region to strengthen their healthcare infrastructure are driving the demand for cleaning equipment, thereby contributing to the industrial floor scrubbers market's growth.
Further, the European Commission is primarily focusing on research and development funding to reinforce the competitiveness of its manufacturing sector and continue its global technological leadership. The manufacturing industry is a strong asset to the European economy and an important driver of employment and prosperity. It also plays a key role in research and innovation, responsible for 64% of private-sector research development expenditure and 49% of innovation expenditure in Europe. Thus, the expansion of the manufacturing industry in the region is further creating an opportunity for the industrial floor scrubbers market.
Germany is Europe’s largest cleaning market. Furthermore, for the manufacturers of cleaning machinery and equipment and cleaning, care, and disinfectant products, the economic prospects are stable. Two of the major trends directly impacting the market growth of industrial floor scrubbers in Germany include digitalization and automation. At an increasing competition, companies are focusing on developing innovative and high-performance products. There is also a growing public interest in sustainability, regarding cleanliness and hygiene as the top-most priority for industrial professionals, which is expected to present lucrative prospects for industrial floor scrubber manufacturers.
Impact of COVID-19 Pandemic on Europe Industrial Floor Scrubbers Market
The impact of COVID-19 differed from country to country across the European region as selected countries witnessed an increase in the number of recorded cases and subsequently attracted strict and longer lockdown periods or social isolation. However, the developed Western European countries such as Germany, France, Russia, the UK, and others have seen a comparatively modest decrease in their growth activities because of the strong healthcare system. To protect its citizens from the virus, the governments in Europe made tremendous investments in incorporating technologies across different industries to help lower the impact of COVID-19 and the related shutdown measures.
Manufacturers all over Europe switched from conventional to the online module to keep their financial operations running during the COVID-19 outbreak. As a result of the online module adoption, more companies adopted operation techniques such as digital twin or simulation technologies to proceed with their production and research and development activities. Since several manufacturers offered brakes with automatic control with the ability to share data to remote locations. Several industries were adopting blended production strategies to meet their financial goals. Therefore, the impact of COVID-19 on the industrial floor scrubbers market in Europe gradually subsided after the successful adoption of remote working practices and vaccination programs
Key Findings of Study:
By offering, the market is bifurcated into product and component. Based on product, the industrial floor scrubbers market is segmented into the walk-behind scrubbers, ride-on scrubbers, and robotic scrubbers. In the year 2021, the walk-behind scrubbers segment accounted for the largest share in the industrial floor scrubbers market. Based on end-use, the industrial floor scrubbers market is segmented into healthcare & pharmaceuticals, government, hospitality, manufacturing & warehousing, retail, and others. In the year 2021, the manufacturing & warehousing segment led the industrial floor scrubbers market. Based on components, the industrial floor scrubbers market is segmented into brushes, pads, squeegees, and others. In the year 2021, Brushes led the industrial floor scrubbers market. Geographically, the industrial floor scrubbers market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, Asia Pacific accounted for a significant share of the industrial floor scrubbers market.
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