Semiconductors & Electronics Industry Market Research : December 2018

Monday 10 December 2018

Industrial Vacuum Cleaner Market worth $681.3 million by 2023

According to the new market research report "Industrial Vacuum Cleaner Market by Type (Dry and Wet & Dry), Power Source (Electric & Pneumatic), Industry (Food & Beverages, Pharmaceuticals, Manufacturing, Metalworking, and Building & Construction), and Region - Global Forecast to 2023", the industrial vacuum cleaner market is expected to grow from USD 536.9 million in 2018 to USD 681.3 million by 2023, at a CAGR of 4.88%. Benefits offered by industrial vacuum cleaners that include removal of tough deposits and hard stains from industries, continuous cleaning operations, and saving on the labor and man hours, which drive the industrial vacuum cleaner market. Increasing awareness about hygiene and safety requirements at the workplace and rising labor cost in developing countries are also fueling the growth of industrial vacuum cleaner market. Dirty and contaminated areas in industries can impact significantly on the health of an employee. Further, the Occupational Safety and Health Administration (OSHA), an agency of the United States Department of Labor, has stated the rules for clean and hygienic workplaces. Therefore, many industrial cleaning equipment manufacturers offer industrial vacuum cleaners that comply with OSHA standards.

Browse 62 market data Tables and 40 Figures spread through 138 Pages and in-depth TOC on "Industrial Vacuum Cleaner Market - Global Forecast to 2023"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/industrial-vacuum-cleaner-market-246927309.html

Market for food & beverages industry expected to capture largest market share during the forecast period

The housekeeping activity in the food & beverages industry is a regulatory requirement. The industry is more particular in its cleaning solutions. In the food & beverages industry, vacuum cleaners need to comply with the Food Safety Modernization Act (FSMA) and must implement Hazard Analysis and Critical Control Points (HACCP) in their process.

The food & beverages industry is always in spotlight owing to the health and safety of consumers. OSHA estimates that every year foodborne illnesses cost the food industry more than USD 15.6 billion and send many Americans to the hospitals. Therefore, food processing facilities need to maintain cleanliness and hygiene in all food processing areas.

Industrial vacuum cleaner market in Asia Pacific to grow at highest CAGR during forecast period

The global industrialization in emerging countries, such as China and India, has led to increasing demand for quick cleaning solutions. The setting up the special economic zones (SEZs) and dedicated industrial corridors in India fueling the growth of the manufacturing sector. Therefore, there has been an increase in micro-, small-, and medium-sized enterprises in the country. This has increased the demand for commercial cleaning equipment, such as vacuum cleaners. The adoption of advanced cleaning equipment is expected to rise in the coming year in these countries, especially in India.

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Alfred Kaercher GmbH & Co. KG (Germany), Nilfisk A/S (Denmark), and Tennant Company (US) are among the key players in this market. Other companies covered in this report are Comac SpA (Italy), Nederman Holding AB (Sweden), Suiden Co., Ltd. (Japan), Hako GmbH (Germany), Eureka Forbes Limited (India), EXAIR Corporation (US), Diversey, Inc. (Tasky) (US), Numatic International Ltd. (UK), Delfin Industrial Vacuums (Italy), Ruwac Industriesauger GmbH (Germany), Kraenzle (Germany), Sibilia S.r.l. (Italy), American Vacuum Company (US), Debus GmbH (Germany), RGS Vacuum System (Italy), Depureco Industrial Vacuums (Italy), and Ghibli & Wirbel (Italy).

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3D Printing Market, Size, Share, Trends & Industry Forecast – 2023

[238 Pages Report] The 3D printing market is estimated to be valued at USD 32.78 billion by 2023, at a CAGR of 25.76% between 2017 and 2023. The base year considered for the study is 2016, and the market forecast has been done for the period between 2017 and 2023. The report aims at estimating the market size and future growth potential of the 3D printing market based on offering, process, application, vertical, and region. The report also aims at providing detailed information regarding the major factors influencing the growth of the 3D printing market (drivers, restraints, opportunities, and challenges). It strategically analyzes micromarkets with respect to the individual growth trends, prospects, and contributions to the total market.

The market for desktop printers expected to grow at higher CAGR during forecast period

The market for the desktop segment is expected to grow at a higher CAGR between 2017 and 2023. Product innovation, customization, reduction in the cost of desktop 3D printers, and the introduction of new materials are the major drivers for the growth of the market. Desktop 3D printers are now being used by both hobbyists and professionals to develop functional parts, especially the consumer products, owing to the availability of advanced 3D printing technologies at an affordable cost.

Plastic and metal held large share of the 3D printing materials market in 2016

Plastic and metal segments occupied the largest and second-largest shares, respectively, of the global 3D printing material market. However, the market for other materials is expected to grow at the highest CAGR during the forecast period, driven by the increasing demand for biomaterials used in the healthcare vertical and certain specialized materials (such as laywood, wax, paper) in emerging applications. 3D printing has started penetrating into new verticals, such as electronics, biomedical, pharmaceuticals, and construction. Hence, with the growing demand, the rate of consumption of the mentioned printing materials is expected to grow at a significant rate in the next five years.

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Aerospace and defense vertical to lead market, in terms of share, during forecast period

The aerospace and defense vertical held the largest share of the global 3D printing market in 2016. In the aerospace industry, 3D printing is mainly used to manufacture critical parts of airplanes or for low-scale production associated with the components demanding high performance and quality. The aerospace industry offers tremendous opportunity for 3D printing technologies and holds a promising potential for the market in the coming future. However, the markets for the emerging verticals, namely, food and culinary, printed electronics, education, and energy are expected to grow at the significant CAGR during the nearest future.

North America held largest share of 3D printing market in 2016

North America held the largest share of the market in 2016, followed by Europe and Asia Pacific for 3D printing market. The growth of the market in North America was driven by strong demand from aerospace and defense, healthcare, education, and consumer products industries. Additionally, the strong government support and presence of key manufacturers are further expected to add to the growth of the market in this region. The US held the largest share of the North American 3D printing market.