Carpet cleaning products market is accelerating due to the spread of COVID-19 with a CAGR of over 4% Technavio

LONDON–(BUSINESS WIRE) – Technavio has monitored the carpet cleaning products market and is projected to grow by USD 335.55 million between 2020 and 2024, which is a CAGR of over 4% over the forecast period. The report provides an up-to-date analysis of the current market scenario, the latest trends and drivers, as well as the overall market environment.

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Effects of COVID-19

The COVID-19 pandemic continues to change the growth of various industries, but the immediate effects of the outbreak are different. While some industries will see a decline in demand, many others remain unscathed and have promising growth opportunities. COVID-19 will have little impact on the carpet cleaning products market. Market growth in 2020 is expected to increase compared to market growth in 2019.

Frequently asked Questions:

• What is the leading segment in the market based on segmentation by end user?
  
  The The commercial segment led the market in 2019.
• What are the main trends in the market?
  
  The increasing acceptance of carpeting is the main trend in the market.
• At what speed should the market grow?
  
  The market is expected to accelerate with a CAGR of over 4%.
• Who are the top players in the market?
  
  3M Co., BISSELL Homecare Inc., Church & Dwight Co. Inc., Diversey Inc., Reckitt Benckiser Group Plc, SC Johnson & Son Inc., Spectrum Brands Holdings Inc., Techtronic Industries Co. Ltd., The Clorox Co. and The Procter & Gamble Co. are the top players in the market.
• What are the main market drivers and challenges?
  
  The tendency towards hygiene and cleanliness is what drives the market. However, strong competition from unorganized actors will call market growth into question.
• How big is the North American market?
  
  30% of market growth will come from North America during the forecast period.

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The market is fragmented and the degree of fragmentation will accelerate over the forecast period. 3M Co., BISSELL Homecare Inc., Church & Dwight Co. Inc., Diversey Inc., Reckitt Benckiser Group Plc, SC Johnson & Son Inc., Spectrum Brands Holdings Inc., Techtronic Industries Co. Ltd., The Clorox Co. and The Procter & Gamble Co. are some of the key players in the market. Although the tendency towards hygiene and cleanliness offers immense growth opportunities, the strong competition from unorganized players is likely to present a challenge for market providers. This Carpet Cleaning Products market forecast report offers in-depth analysis of the leading market vendors to assist the players in strengthening their market position. The report also provides industry honors information on the competitive landscape and insights into the various product offerings offered by various companies.

Technavio’s custom research reports provide detailed insights into the impact of COVID-19 at the industry, regional and subsequent supply chain operations. This customized report will also help customers keep pace with new product launches in direct and indirect COVID-19-related markets, upcoming vaccines and pipeline analysis, and significant vendor and regulatory developments.

Carpet Cleaning Products Market 2020-2024: Segmentation

The Carpet Cleaning Products Market is segmented as follows:

• End user

• Distribution channel

• Geography

  • North America

  • Europe

  • APAC

  • MY

  • South America

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Carpet Cleaning Products Market 2020-2024: Scope

Technavio provides a detailed picture of the market through the study, synthesis and summary of data from multiple sources. Carpet Cleaning Products Market Report covers the following areas:

• Carpet cleaning products market size

• Carpet cleaning product market trends

• Carpet cleaning products market analysis

This study identifies the increasing acceptance of carpeting as one of the main drivers of growth in the carpet cleaning product market over the next several years.

Technavio proposes three forecast scenarios (optimistic, likely and pessimistic) that take into account the effects of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacts on market research reports.

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Carpet Cleaning Products Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024

• Detailed information on factors that will support the growth of the Carpet Cleaning Products market over the next five years

• Estimate the size of the carpet cleaning products market and their contribution to the parent market

• Predicting upcoming trends and changes in consumer behavior

• The growth of the carpet cleaning products market

• Analysis of the competitive landscape of the market and detailed information on providers

• Full details on factors that will challenge the growth of carpet cleaning product suppliers

Contents:

Summary

Market landscape

• Market ecosystem

• Market characteristics

• Value chain analysis

Market size

• Market definition

• Market segment analysis

• Market size 2019

• Market outlook: forecast for 2019-2024

Five forces analysis

• Summary of the five forces

• Bargaining power of buyers

• Bargaining power of suppliers

• Newcomer threat

• Threat from substitutes

• Threat of rivalry

• Market condition

Market segmentation by end user

• Market segments

• Comparison by end user

• Commercial – Market size and forecast 2019-2024

• Residential Real Estate Market Size and Forecast 2019-2024

• End-user market opportunity

Market segmentation according to sales channels

• Market segments

• Comparison by sales channel

• Offline – Market Size and Forecast 2019-2024

• Online Market Size and Forecast 2019-2024

• Market opportunity by sales channel

Customer landscape

Geographic landscape

• Geographic segmentation

• Geographic comparison

• North America – Market size and forecast 2019-2024

• Europe – Market size and forecast 2019-2024

• APAC – Market size and forecast 2019-2024

• MEA – Market Size and Forecast 2019-2024

• South America – Market size and forecast 2019-2024

• Major leading countries

• Market opportunity by geography

• Market leader

• Market challenges

• Market trends

Supplier landscape

• Competitive scenario

• Sales landscape

• Landscape disturbance

Supplier analysis

• Provider covered

• Market positioning of providers

• 3M Co.

• BISSELL Homecare Inc.

• Church & Dwight Co. Inc.

• Diversey Inc.

• Reckitt Benckiser Group Plc

• SC Johnson & Son Inc.

• Spectrum Brands Holdings Inc.

• Techtronic Industries Co. Ltd.

• The Clorox Co.

• The Procter & Gamble Co.

appendix

• Scope of the report

• Currency conversion rates for US $

• Research methodology

• List of abbreviations

about us

Technavio is a leading global technology research and consulting company. Her research and analysis focuses on emerging market trends and provides actionable insights that companies can use to identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes more than 17,000 reports and 800 technologies from 50 countries. Her customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive coverage, research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive position in changing market scenarios.