Industrial Vacuum Cleaner Market is Expected to Represent US$ 729.9 Mn by 2027

Posted by Jack Martin on September 28th, 2017

The global industrial vacuum cleaner market is expected to witness a value and volume CAGR of 5.3% and 4.5% respectively during the forecast period. Market is anticipated to reach a market value of US$ 729.9 Mn by the end of 2027. “Industrial Vacuum Cleaner Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027),” is the new publication of Future Market Insights which has also taken a review of a global vacuum cleaner market which is the parent market of global industrial vacuum cleaner market. According to this report, Industrial vacuum cleaners market account for nearly 2.5% to 3.0% of the total vacuum cleaners market and are valued at US$ 415.4 Mn by the end of 2016. North America, followed by Western Europe are the two dominating regions in industrial vacuum cleaners market. Asia Pacific excluding Japan and Middle East & Africa market are estimated to register substantial growth over the forecast period.

The Global Industrial Vacuum Cleaner Market: Key Takeaways of Forecast Factors

• The growth in food and beverage industry is expected to have significant impact on the market over the forecast period

• The growth in the global pharmaceutical industry is expected to have high impact over the next decade

• The growth in the global residential construction as well as small scale commercial/ industrial construction is expected to have medium impact on the market over the forecast period

• The growth in the global industry value added is expected to have medium impact over the forecast period

• The growth in the global automotive industry value added is expected to have low-medium impact over the forecast period

• The growth in the global GDP is expected to have low-medium impact in the market growth over the forecast period

View and Download TOC of Report @ https://www.futuremarketinsights.com/reports/industrial-vacuum-cleaners-market/toc