India Industrial Vacuum Cleaner Market Size, Share and Forecast 2020-2026
The Indian industrial vacuum cleaner market is anticipated to grow at a considerable CAGR of 9.4% during the forecast period (2020-2026). The rapid industrialization activities across the country have raised the demands for quick cleaning equipment such as industrial grade vacuum cleaners, thereby driving the growth of the market. Additionally, the growing manufacturing sector of India by the increasing focus of the government coupled with the setting up of special economic zones (SEZs) and dedicated industrial corridors across the country is also expected to influence the growth of the market during the forecast period. For instance, in June 2020, the government of India launched a $6.65 billion plan as a production-linked incentive (PLI) to boost electronic manufacturing in India. By October 2020, 10 companies had got approval for the scheme which include global companies Samsung, Foxconn Hon Hai, Rising Star, Wistron, and Pegatron, and domestic companies such as Lava, Bhagwati (Micromax), Padget Electronics, UTL Neolyncs, and Optiemus Electronics.
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Moreover, the developing food & beverage industry of the country
will also aid the industrial vacuum cleaner market is gaining substantial
momentum owing to the health and safety requirement of the industry. For
instance, in August 2020, PepsiCo India has augmented the investment in India
from around $70 million to $110 million due to estimated higher demand in the
near future.
·
The
market number available for – 2019-2026
·
Base
year- 2019
·
Forecast
period- 2020-2026
Segment
Covered-
·
By
Product Type
·
By
Mobility System
·
By
End-User
Competitive
Landscape- Alfred Karcher SE & Co. KG, Delfin Srl, Eureka Forbes Ltd.,
Kevac SRL, Makita Corp.
Key questions
addressed by the report
·
What is
the market growth rate?
·
Which
segment dominates the market in the base year?
·
Which
segment will project the fastest growth in the market?
·
How
COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19
forecast
o Most affected segment
·
Who is
the leader in the market?
·
How
players are addressing challenges to sustain growth?
·
Where
is the investment opportunity?
A
full Report of India Industrial Vacuum Cleaner Market is Available
at: https://www.omrglobal.com/industry-reports/india-industrial-vacuum-cleaner-market
·
Backup
·
Canister
·
Upright
By Mobility
System
·
Stationary
·
Portable
By End-User
·
Chemicals
& Pharmaceutical Industry
·
Food
& Beverage Industry
·
Manufacturing
& Metalworking
·
Building
& Construction Industry
·
Others
(Woodworks Industry, Hospitality Industry)
Company
Profiles
·
Alfred
Kärcher SE & Co. KG
·
Delfin
Srl
·
Dongguan
VILLO Environmental Protection Inc.
·
Dulevo
SpA
·
Dynavac
Pvt. Ltd.
·
Electrostar
GmbH
·
Eureka
Forbes Ltd.
·
IP
Cleaning Srl (Tennant Company)
·
Kevac
srl
·
Santoni
Electric Co. P. Ltd.
·
SEBO
Stein & Co. GmbH
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report.
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