The global carpet cleaning products market size is anticipated to reach USD 2.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.5% over the forecast period. Growing awareness related to household hygiene and cleanliness among consumers is expected to drive the market over the forecast period. Carpet cleaning products are witnessing increasing demand as a result of increased spending on floor coverings in the residential and non-residential/commercial sectors. Therefore, market witnesses increased spending on these cleaners, which is expected to contribute to the growth of the global market.
Rising environmental concerns across regions have urged consumers to invest in green cleaning products consisting of chemical free ingredients. Companies are focusing on producing natural and organic cleaner with sustainable manufacturing practices. For instance, in June 2019, Skyhawk Global Ltd. have launched natural and eco-friendly liquid carpet cleaner to prevent odor or recurrence of stains. Many macro-economic factors such as growth in the construction of office and retail spaces and home décor are expected to increase the adoption of these cleaners.
Liquid cleaning products dominated the carpet cleaning products market in 2018. They help in absorbing soil from the carpet with the help of mechanical agitation from brush, which cleans through the material. This liquid is used with water or directly applied to the carpet, which dissolves the soil and is vacuumed up to absorb the liquid. Thus, greater convenience as well as effectiveness provided by this product have fueled the demand.
In terms of application, the residential sector is expected to register the highest CAGR of 4.8% from 2019 to 2025. Carpets are mostly found in luxury residential places like bungalows and mansions. Increase in disposable income, along with hectic lifestyle of the consumers, is expected to be a key factor. This, in turn, is supposed to drive the demand for carpet cleaners in the next few years.
North America dominated the global market, accounting for 51.8% share of global revenue in 2018. Prominent trend of carpet flooring in countries such as U.S. and Canada in order to showcase a luxury living lifestyle on account of high disposable income is responsible for the market growth. Moreover, rising awareness regarding cleanliness of carpet in order to prevent bacterial infestation has increased the demand for carpet cleaners such as spray, liquid, and powder products.
Further key findings from the report suggest:
- By product, the liquid segment accounted for a share of 30.7% in 2018
- The residential application segment is expected to register the highest CAGR of 4.8% over the forecast period
- Asia Pacific is the fastest growing region, expanding at a CAGR of 5.3% from 2019 to 2025
- Top players operating in the carpet cleaning products market include BISSELL; Reckitt Benckiser Group plc.; Techtronic Industries Co. Ltd.; The Clorox Company; Zep, Inc.; Sprayway Inc.; and Tesco.com.
Grand View Research has segmented the global carpet cleaning products market by product, application, and region:
Carpet Cleaning Products Outlook (Revenue, USD Million, 2015 - 2025)
- Shampoo
- Spray
- Liquid
- Others
Carpet Cleaning Products Application Outlook (Revenue, USD Million, 2015 - 2025)
- Residential
- Commercial
- Hotels & Restaurants
Carpet Cleaning Products Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- US.
- Europe
- Germany
- UK.
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
No comments:
Post a Comment