The carpet extraction cleaner market is expected to reach a valuation of USD 1,685.6 million in 2023. The global carpet extraction cleaner market is projected to record a solid CAGR of 4.7% over the forecast period. By 2033, the carpet extraction cleaner market size is projected to capture a valuation of USD 2,668.2 million.
Market Analysis
Attributes | Details |
---|---|
Market Value for 2022 | USD 1,600.7 million |
Market Value for 2023 | USD 1,685.6 million |
Projected Market Value for 2033 | USD 2,668.2 million |
Value-based CAGR of Market for 2023 to 2033 | 4.7% |
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The carpet extraction cleaner industry recorded a valuation of USD 1,600.7 million in 2022. Moreover, the growth in the carpet extraction cleaner market in the current year is broadly due to the availability of a wide variety of carpets and the need for occasional cleaning.
The rise in disposable incomes leads many people to pay attention to their living spaces. Interior design is increasingly becoming a part of many homes. People prefer aesthetic interiors, whether buying a new house or renovating an old home. As attention to home care increases, carpet cleaning is also increasingly important. However, the market may face significant challenges due to the high cost of carpet extraction cleaners, as it turns many people away from the product.
The reach of carpet cleaning products in less developed regions is also a concern. In certain regions, there are problems with raw materials and labor. The carpet extraction cleaner market may have to navigate several challenges over the forecast period.
Technology plays an important role in the market during the forecast period. Consumers' preference is leaning toward products that are easy to handle. Thus, manufacturers are investing in carpet extraction cleaners that are portable and convenient.
The carpet extraction cleaner market can be divided into the following segments: product type and power source. By looking at the segments of the market, it can be seen what the consumers are anticipating their carpet extraction cleaners to do. It can also be inferred what the consumers are most comfortable with when it comes to how their carpet extraction cleaners operate.
Upright carpet extraction cleaners remain ever-popular for consumers. In 2023, upright carpet extraction cleaners are anticipated to account for 58.3% of the market share.
Attributes | Details |
---|---|
Top Product Type | Upright Carpet Extraction Cleaners |
Market Share in 2023 | 58.3% |
Upright carpet extraction cleaners are traditional carpet extraction cleaners. The product has been used for a long time to get carpets cleaned. Therefore, there is trust in the product on the part of the consumers.
However, portable carpet extraction cleaners are also gaining in popularity. Convenience is a growing trend among consumers of the carpet extraction cleaner market. Portable carpet extraction cleaners provide convenience and flexibility to consumers. In addition, portable carpet extraction cleaners are also easy to handle. Therefore, portable carpet extraction cleaners are also predicted to have an upward trajectory.
Batteries are the most common power source used in carpet extraction cleaners. Therefore, batteries as their power source are expected to make up 37.9% of the market share in 2023.
Attributes | Details |
---|---|
Top Power Source | Battery |
Market Share in 2023 | 37.9% |
Carpet extraction cleaners that run on batteries are commonplace. With ease of use a priority for many consumers, cordless carpet extraction cleaners are preferred. Battery-operated carpet extraction cleaners do not require a cord to always carry around when cleaning. Thus, carpet extraction cleaners with batteries as their power source are set to gain in the market.
The carpet extraction cleaner industry finds lucrative opportunities in regions with a high standard of living. Thus, North America and Europe are fertile regions for the carpet extraction cleaner market. However, the Asia Pacific is also seeing growth in the market for carpet extraction cleaners. The growth in the Asia Pacific is predicted to outpace the growth in traditional regions.
The United States has a gigantic share of the carpet extraction cleaner market. In Europe, Germany and the United Kingdom account for large market shares. In Asia Pacific, China, Japan, and India contribute significantly to the carpet extraction cleaner market.
Countries | Market Share in 2023 |
---|---|
United States | 40.1% |
United Kingdom | 6.3% |
Germany | 6.0% |
Japan | 5.5% |
China | 6.8% |
The United States is the most dominant country in the carpet extraction cleaner market. In 2023, The United States is expected to amount to a mammoth 40.1% market share.
The demand for aesthetically pleasing interiors is growing rapidly in America. Both in the residential and commercial sectors, home décor products are being preferred. The insistence of the people in the country to show off an air of luxury in their homes is conducive to the carpet extraction cleaner market.
Moreover, the rise of construction projects is aiding the carpet extraction cleaner market. With new residential and office buildings cropping up steadily, the need for carpeting and cleaning is on the rise in the United States.
The carpet extraction cleaner industry is also gaining momentum in Europe. The United Kingdom is one of the leading countries in Europe for the carpet extraction cleaner market. For 2023, the United Kingdom is predicted to account for 6.3% of the market share.
Manufacturers of carpet extraction cleaners are undertaking activities like celebrity endorsements to fuel the demand in the market. Further, there has also been a growing effort to engage with the end users on the part of the manufacturers.
Consumers in the country also appreciate the growing diversity of carpet extraction cleaners. The carpet extraction cleaner market is expected to further grow in the United Kingdom.
Germany is another European country with a significant share in the carpet extraction cleaner market. In 2023, Germany is expected to account for 6.0% of the market share.
The presence of established players is lifting the market in the country. For instance, Hako GMBH is a leading cleaning technology company based in Germany. The company has also expanded its production sites in Poland and the United States. Its portfolio includes equipment for carpet and tapestry and other carpet cleaning services.
The Asia Pacific is a promising region for the carpet extraction cleaner market. China leads the way in the region and is predicted to make up 6.8% of the market share.
The huge population in China leads to growing demand for residential spaces. The increasing urbanization and disposable income contribute to luxurious lifestyles. Thus, carpeting is on the rise in China, and in turn, the carpet extraction cleaner industry is being propelled in the country.
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The established players coexist with local entities. However, the strategies of mergers and acquisitions are on the rise. With the help of these strategies, the established players hope to increase their market share.
Technology is an integral part of the carpet extraction cleaner market. The players who do not keep up with technology could risk getting left behind in the market. Thus, innovations and the launch of new products are the name of the game in the market.
Recent Developments
The established players coexist with local entities. However, the strategies of mergers and acquisitions are on the rise. With the help of these strategies, the established players hope to increase their market share.
Technology is an integral part of the carpet extraction cleaner market. The players who do not keep up with technology could risk getting left behind in the market. Thus, innovations and the launch of new products are the name of the game in the market.
Recent Developments
The market is expected to reach USD 1,685.6 million in 2023.
The market is forecasted to record a CAGR of 4.7% from 2023 to 2033.
Portable and sustainable carpet extraction cleaners are key market trends.
The market size for carpet extraction cleaners is expected to be USD 2,668.2 million by 2033.
Windsor Kärcher Group, RCM SPA, and Hako Holding GmbH & Co. KG are prominent players in the market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Upright 5.2. Portable 5.3. Canister 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Power Source 6.1. Battery 6.2. Corded 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Households 7.2. Commercial 7.3. Offices 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 8.1. Hypermarkets 8.2. Supermarkets 8.3. Specialty Retail Stores 8.4. Independent Retailers 8.5. Multi Brand Stores 8.6. Online Sales 8.6.1. Company Website 8.6.2. 3rd Party Online Sales 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Alfred Kärcher SE & Co. KG 19.2. Windsor Kärcher Group 19.3. BISSELL Homecare, Inc. 19.4. RCM SPA 19.5. Hako Holding GmbH & Co. KG 19.6. Esteam Manufacturing Ltd. 19.7. Techtronic Industries Co. Ltd 19.8. Minuteman International, Inc. 19.9. Tennant Company 19.10. NaceCare Solutions, Inc. 20. Assumptions & Acronyms Used 21. Research Methodology
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