The global carpet
cleaning products market size is expected to
register revenue of USD 2.0 Billion over the forecast period. It is expected to
grow with a 4.5% CAGR from 2019 to 2025. This growth can be attributed to the
need for improvement of the aesthetic looks across home and workplaces.
Time and cost-saving
features required for carpet cleaning is anticipated to fuel the market demand
across the globe. Also, external factors like increasing population, rising per
capita income and rapid urbanization play a major role in market growth.
Moreover, attractive packaging and various marketing strategies are being
implemented by the manufacturers to boost the market growth in upcoming years.
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The liquid carpet cleaning
product segment held the largest market share of 30.7% across the global
market. This can be attributed to the usage of carpet absorbents which can be
used with and without water. The spray segment is expected to register the
highest CAGR of 4.9% from 2019 to 2025 owing to features like less time consumption
and no expertise.
The hotels &
restaurants segment of application held the largest share of around 47.2% in
2018. This can be attributed to the rising number of hotels, restaurants, and
cafes across the globe. The residential application segment is expected to
witness the highest CAGR of 4.8% from 2019 to 2025 owing to the need for
cleanliness and hygiene among the consumers.
North America held the
largest share of around 51.8% in the global carpet cleaning products market due
to the rising trend of carpet flooring across countries like the U.S. and
Canada. Asia Pacific is expected to witness the highest CAGR in the global
market. Moreover, external factors like increasing population and rapid
urbanization are paving way for market growth.
The market includes key
manufacturers like Reckitt Benckiser Group PLC; Zep, Inc.; Tesco.com; Acdoco
Ltd.; Tesco.com; Cleancare Australia and Sprayway Inc. They are constantly
engaged in mergers, acquisitions and product development to boost the sale of
their products. They are also majorly focusing on producing products that have
natural or organic ingredients.
Further key findings from
the report suggest:
• The liquid product
segment held the largest market share of 30.7% in 2018.
• The hotels & restaurants
segment of application held the largest share of around 47.2% across the global
market.
• The region of Asia
Pacific is anticipated to witness the highest CAGR of 5.3% from 2019 to 2025.
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