Industrial Vacuum Cleaner Market Share

APAC Market Forecast

The industrial vacuum cleaner market in Asia Pacific is projected to hold 35% of the revenue share by the end of 2037. The growth of the market can be attributed majorly to the rising investment by leading companies in the automation of machinery. Dyson, the developer of the bagless vacuum cleaner, announced a USD 1.1 billion investment in Singapore over the next four years in March 2022, the latest part of a USD 3.5 billion global investment plan. Furthermore, the establishment of new small and medium-sized businesses is expected to increase the demand for automated industrial machinery, such as industrial robots, and industrial vacuum cleaners in the regions.

North American Market Statistics

The North America industrial vacuum cleaner market is estimated to be the second largest, registering a share of about 28% by the end of 2037. The growth of the market can be attributed majorly to the growing capacity of manufacturing and food & beverage industries. The two countries in the region, the United States and Canada are the leading high-income countries, which has majorly increased the demand for manufactured goods. Moreover, it is also signing agreements to boost further manufacturing, for instance, in July 2021, the United States-Mexico- Canada Agreement (USMCA) a partnership of three countries, will increase the production of automotive components, and with this agreement, of around 75% of automotive manufacturing will be done in North America.