Industrial Vacuum Cleaner Market Expected to Reach $1.7 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Industrial Vacuum Cleaner Market," The industrial vacuum cleaner market size was valued at $956.80 million in 2022, and is estimated to reach $1.7 billion by 2032, growing at a CAGR of 5.9% from 2023 to 2032.

During the forecast period, the demand for industrial vacuum cleaners is expected to increase due to their essential role in cleaning and sterilizing industrial premises, equipment, industrial vacuum cleaner, and work surfaces. These machines are particularly beneficial for maintaining and cleaning various industrial environments like workshops, foundries, cement plants, and chemical or textile plants. They offer advantages such as the effective removal of sticky deposits and tough stains, continuous cleaning operations, and reduced labor and man-hours. As a result, the demand for industrial vacuum cleaners is projected to grow.

Commonly observed types of industrial vacuum cleaners are upright, canisters and backpacks. Among these, the canister segment accounted for the highest industrial vacuum cleaner market share in 2022. The development of canister vacuum cleaners with a HEPA filter, which have a very low likelihood of causing pulmonary adverse effects, including allergies and asthma, is projected to boost the segment growth. The pneumatic segment accounted for a high revenue share in 2022. The market is mainly driven by a rise in demand for industrial processed foods and pharmaceuticals and expansion of manufacturing sectors. Furthermore, on the basis of end-user industry, the food & beverages industry is anticipated to grow rapidly during the forecast period. The stringent government regulations regarding safety and hygiene in the food and beverage industry prove to be a significant driver for the industrial vacuum cleaner market growth. However, additional operating costs of industrial vacuum cleaner hamper the growth of the market.

In 2022, Asia-Pacific dominated the industrial vacuum cleaner market, in terms of revenue, followed by North America and Europe. Moreover, the market in Asia-Pacific is anticipated to grow with a high CAGR. Asia-Pacific has emerged as a major market for industrial cleaning machines, with an increase in investments in pharmaceuticals, manufacturing, process industries, and medical devices manufacturing sectors. For instance, according to the India Brand Equity Foundation, India is the 4th largest medical devices market, along with this India is the 2nd largest medical PPE kit manufacturer. Furthermore, around 23 major pharmaceutical companies in China filed for IPOs in 2020. The Indian government, is initiating campaigns such as ‘Atmanirbhar Bharat‘ to boost the domestic manufacturing sector. Furthermore, Japan is a developed economy, with an advanced manufacturing industry. It is home to major electronics manufacturers such as Canon, Casio, Citizen, Fujifilm, Fujitsu, Hitachi, JVC Kenwood, and Konica Minolta, along with others. Furthermore, according to Japan Electronics and Information Technology Industries Association (JEITA), in January 2021, Japanese electronics industry witnessed a sale of more than 112% on year-on-year basis.

Advancements in technology is one of the industrial vacuum cleaner market opportunities have significantly increased usability of industrial vacuum cleaners. The introduction of industrial vacuum cleaners that operate autonomously is anticipated to provide lucrative opportunities for market growth. For instance, American Vacuum Company, offers a wide range of autonomous industrial vacuum cleaners. Its machines do not require pre-training and can be used off the shelf. This will help in significantly reducing the operating costs. Moreover, various government initiatives have been successful in driving growth of the small-scale industrial sector which is expected to provide opportunities for growth of the industrial vacuum cleaner market.

However, numerous businesses operating in the industrial vacuum cleaner market are currently facing operational challenges due to the global rise in inflation, particularly in developing countries and Europe. This inflationary pressure, largely influenced by the ongoing Ukraine and Russia conflict, has resulted in increased prices for various raw materials essential to the industry, including metals. Moreover, it has also led to significant fluctuations in energy costs, further exacerbating the difficulties faced by businesses in their day-to-day operations.

Key findings of the study

• The report provides an extensive analysis of the current and emerging industrial vacuum cleaner market trends and dynamics. 
• Depending on the product type, the canister industrial vacuum cleaner segment dominated the industrial vacuum cleaner market, in terms of revenue in 2022.
• Depending on the mode of operation, the electric segment dominated the industrial vacuum cleaner market, in terms of revenue in 2022.
• By end-user industry, the food and beverages segment accounted for the highest revenue share in 2022.
• Asia-Pacific accounted for a larger market share in 2022 and is projected to dominate the industrial vacuum cleaner market forecast.
• The key players within the industrial vacuum cleaner market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the industrial vacuum cleaner industry.
• The report provides an extensive analysis of the current trends and emerging opportunities in the market. 
• In-depth industrial vacuum cleaner market analysis is conducted by constructing estimations for the key segments between 2023 and 2032.