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Industrial vacuum market on the rise
06 November 2018
The global market for industrial vacuum cleaners is expected to reach US$ 681 million by 2023 with a compounded annual growth rate—or CAGR—of 4.88 per cent, according to a new study from market research firm Research and Markets.
The report forecasts stricter hygiene and safety regulations along with rising labour costs in developing countries will fuel demand for industrial vacuums.
The metalworking industry is expected to account for a significant share of the industrial vacuum cleaner market as it requires rugged vacuum cleaners for the continuous removal of dust and debris.
The study also predicts Europe will be the leading region for the industrial vacuum cleaner market due to its growing automobile and aerospace industries.
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