Airport Cleaning Machine Market is expected to reach US$ 3,942.34 million by 2028


PRESS RELEASE BY The Insight Partners 25 May 2021

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High Potential in Developing Countries to Provide Growth Opportunities for Airport Cleaning Machine Market during 2021–2028

 

According to our latest market study on “Airport Cleaning Machine Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Application,” the market was valued at US$ 2,737.94 million in 2021 and is projected to reach US$ 3,942.34 million by 2028; it is expected to grow at a CAGR of 5.3% from 2021 to 2028.

 

The global airport cleaning machine market is segmented into five major regions— North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America. In 2020, North America led the market with a substantial revenue share, followed by Europe and APAC. North America has seen significant technological advances, which has resulted in highly competitive markets. The governments in the region are focusing on expanding and enhancing the airport infrastructure. They have also increased the overall investment and are keen in replacing components and equipment with new and advanced ones. In North America, the US is the leading market and it alone occupies more than 70% of the market share in the North America airport cleaning machine market. The country has been investing in improving its overall sanitation and hygiene policies at domestic and international airports. The improvement is being initiated by procuring highly advanced and autonomous airport cleaning machines that are well equipped with advanced component, such as sensor and mapping technology. Other than the US, various countries across the world are also replacing and upgrading airport infrastructure particularly in the area of sanitation and hygiene.

 

Developing countries have become a hub of opportunity for various markets, including airport cleaning machine market. In order to improve the overall infrastructure, government authorities in these countries are planning and investing huge amount in machines and technologies. Transportation and logistics is a huge factor in the development of any country and so developing countries are extensively focusing on enhancing and improving their transportation and logistics infrastructure via air, road, and sea. Airways is an important mode of transportation; hence, governments of developing countries have planned development and revamping of various mid-size and large airports. For instance, in India, Netaji Subhas Chandra Bose International Airport in Kolkata has laid down expansion plan of the airport. Similarly, Vietnam is also planning to build one of the largest airports near its economic hub Ho Chi Minh City. Other developing countries including the Philippines and Kuwait are also expanding and revamping airports. As a part of expansion and revamping strategy, these airports will also be passing tenders on acquiring technologically advanced cleaning machines, which will automatically create opportunities for advanced and autonomous airport cleaning machines. Hence, manufacturers operating in the market will have huge opportunities to offer best-in-class and highly reliable and cost-efficient cleaning machines for the airport.

 

Impact of COVID-19 Pandemic on Airport Cleaning Machine Market

The COVID-19 pandemic has shaken several industries across the world. The lockdown hindered the operations of various industries, including manufacturing and IT. However, essential industries such as fast-moving consumer goods (FMCG) and pharmaceutical had to continue their operations. Various big construction projects, including airport modification and expansion, were also halted due to the pandemic, specifically in countries such as the US and Canada. For instance, Raleigh-Durham International Airport was on pace to expand its Terminal 1 from nine gates to 22 and proceed with a new security checkpoint and a consolidated rental car facility. The projected expansion was halted due to the pandemic. Similarly, an infrastructure project at Vancouver International Airport has been terminated due to the COVID-19 crisis. Owing to the halt in such big projects, (expanded till quarter 3 of the 2020), airport cleaning machine manufacturers lost many potential clients/projects, which hindered their overall cashflow. The impact was not only from the demand side, but it was also from the supply side. Since manufacturing facilities in the region were not operational for months, supply chain and procurement of raw material were disrupted. Due to this, OEMs saw prominent challenge in keeping up with the quarterly revenue. Therefore, the financial year of 2020 for the airport cleaning machine manufacturers was more dreadful than the financial year of 2019.

 

Avidbots Corp, Blastrac, Borum A/S, EHR Fahrzeugtechnik GmbH., Multihog Ltd, SMETS Technology GmbH, WINTER GRÜN Markiertechnologie GmbH, Roehsler, Nilfisk Group, and Roots Multiclean Ltd. are among the major companies operating in the airport cleaning machine market.

Airport Cleaning Machine Market — by Geography, 2020 and 2028 (%)

Airport Cleaning Machine Market — by Geography, 2020 and 2028 (%)

Airport Cleaning Machine Market to Grow at a CAGR of 5.3% to reach US$ 3,942.34 million from 2020 to 2028

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Airport Cleaning Machine Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Truck-Mounted and Walk-Behind) and Application (Surface Cleaning, Rubber Removal, Paint Removal, and Other Applications)



The report segments the global airport cleaning market as follows:

 

By Type

  • Truck Mounted
  • Walk Behind

 

By Application

  • Surface Cleaning
  • Paint Removal
  • Rubber Removal
  • Other Applications

 

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America
    • Brazil
    • Argentina
    • Rest of SAM

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