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.
Similarly, the pharmaceutical clean rooms also require a high level of hygiene environment. Therefore, the recent surge in the pharmaceutical production industry with the new government aids is expected to provide new expansion opportunities to the industrial vacuum cleaner market. For instance, in June 2020, under the PLI scheme, the government of India the government is also promoting domestic manufacturing of KSMs, Dis, APIs, and medical devices and plan to boost domestic manufacturing of 53 bulk drugs. All these companies have to follow certain hygiene and safety protocol related to dust collections in the industry which will drive the demand for industrial vacuum cleaners in India.
Market Coverage
· 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?
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A full Report of India Industrial Vacuum Cleaner Market is Available at: https://www.omrglobal.com/industry-reports/india-industrial-vacuum-cleaner-market
India Industrial vacuum cleaner Market Report Segment
By Product Type
· 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)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
