Global Dust Extractor Market: Introduction
Future Market Insights, in its latest report titled, ‘Dust Extractor Market: Global Industry Analysis 2014–2018 and Forecast 2019–2029,’ offers key insights and analysis on the global dust extractor market. The research study conducts in-depth analysis and key market insights on the dust extractor market for the forecast period (2019–2029). Based on key insights, the dust extractor market is projected to experience substantial demand for the forecast period due to the growing applications of dust extractors in major sectors, worldwide, coupled with the increase in commercial building and offices. The global dust extractor market is estimated to grow at a CAGR of over 6% during the forecast period.
Global Dust Extractor Market: Dynamics
Growing number of commercial spaces coupled with an increase in DIY applications and online channels is to bolster the demand for dust extractors over the forecast period. The major factor contributing to the demand for DIY products is the healthy growth of the home improvement segment. Prominent online global players selling DIY vacuum cleaners are Amazon, EBay, Alibaba, ShopClues, etc. Organizations are entering the e-Commerce space for selling power tools along with vacuum cleaners. Customers, mainly for DIY applications, are inclined towards purchasing through online channels/platforms.
However, the higher pricing of high capacity vacuum cleaners remains a key challenge for the growth of the global market. As compared to conventional methods of dust extraction, vacuum cleaners come at a relatively higher initial cost, which can induce a level of reluctance in purchasing among customers. This is expected to restrain the growth of the vacuum cleaner market, albeit at a lower level.
The trending opportunity related to dust extractors is that, manufacturers have been investing for a long time in the R&D and development of new products in order to develop compact dimensions and low weight products.
Global Dust Extractor Market: Segmentation Overview
- Segmentation on the basis of application: The construction sites segment is projected to lead the global dust extractor market in terms of value, followed by the wood working dust extractor segment. In terms of growth rate, the wood working dust extractor segment is expected to lead the market with a CAGR of more than 7.3% during the forecast period.
- Segmentation on the basis of capacity: The 20-40 ltr. segment is projected to lead the dust extractor market by capacity, accounting for high demand on a global level.
- Segmentation on the basis of power source: The direct power supply segment is estimated to capture higher market share over the forecast period.
Global Dust Extractor Market: Regional Overview
Western Europe and Eastern Europe are anticipated to emerge as profitable regions and prominent consumers of dust extractors by the end of the forecast period. The U.S. and Germany are prominent countries with significant demand for dust extractors in North America and Western Europe, respectively. The demand for dust extractors in these regions is also mainly driven by stringent government rules for vacuum cleaners. Japan is also anticipated to be a prominent region in the market share in terms of value and volume, with the region shaping up as a new manufacturing hub. The Middle East & Africa (MEA) is also projected to remain prominent over the forecast period, due to the growth of key end-use sectors in the region.
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Global Dust Extractor Market: Vendors/Manufacturers
The dust extractor marketis largely fragmented, owing to a large number of local and established players. The report provides details of some of the key players in the global dust extractor market, such as Milwaukee Tool, Alfred Kärcher SE & Co. KG, Makitra Corporation, Hilti Group, Robert Bosch GmbH, DeWalt (acquired by Stanley), Metabowerke GmbH, Panasonic Corporation, Nilfisk Inc., Tennant Company, Numatic International Ltd., Electrostar GmbH (Starmix), Bisell Inc., Fiorentini / Clemas & Co., Verimark (Pty) Ltd., and C & E Fein GmbH.