Floor Scrubber Battery Market: Current Analysis and Forecast (2024-2032)

Report Description

Floor Scrubber Battery Market Size & Forecast

The Floor Scrubber Battery Market was valued at USD 648 million in 2023 and is expected to grow at a strong CAGR of around 5.5% during the forecast period (2024-2032). A floor scrubber battery is specifically designed for use in floor scrubber machines, which are used for cleaning and maintaining various types of floors. Factors that are driving the Floor Scrubber Battery Market include the increasing demand for efficient and sustainable cleaning solutions, the growing adoption of autonomous cleaning equipment, and the rise in industrial and commercial construction activities. Further, the development of advanced battery technologies for longer run times and faster charging, the expansion of the commercial and industrial cleaning sector, and the increasing focus on environmentally friendly cleaning solutions are creating opportunities for the floor scrubber market. For instance: In 2023: Trojan Battery Company launched “Trojan AES Battery” for floor-cleaning machines, aerial work platforms, material handling equipment, golf vehicles, and other applications.

Floor Scrubber Battery Market Analysis

The Floor Scrubbing Battery Market has been increasing at a significant rate over the past years because of the demand for effective and eco-friendly cleaning solutions in industries like healthcare, retail, hospitality, and manufacturing. Battery floor scrubbers offer numerous significant advantages over traditional electric or gas-powered models. These advantages include better mobility, lower operational costs, and less environmental impact. These machines are also fitted with advanced technologies, such as lithium-ion batteries that offer extended running time and faster recharge cycles than traditional lead-acid batteries.

Floor Scrubber Battery Market Trends

Adoption of lithium-ion batteries

The lithium-ion batteries have higher energy efficiency and lighter weight. These batteries can store more energy in a smaller and lighter package, making the floor scrubbers more maneuverable and easier to handle. The reduced weight also translates to lower wear and tear on the scrubbers, extending their operational life and reducing maintenance costs. Furthermore, lithium-ion batteries require minimal maintenance compared to lead-acid batteries, which need regular watering and equalizing charges. This low maintenance requirement makes lithium-ion batteries more convenient and cost-effective in the long run.

Asia Pacific is Expected to Grow with Significant CAGR During Forecast Period

The Asia-Pacific Floor Scrubber Battery Market has witnessed remarkable growth over the past few years. This upward trend is primarily driven by the increasing demand for efficient, eco-friendly cleaning solutions across various sectors such as healthcare, retail, hospitality, and manufacturing. As countries in the APAC region continue to industrialize and urbanize, the need for advanced cleaning technologies has become more pronounced, paving the way for the proliferation of battery-powered floor scrubbers.

Battery-powered floor scrubbers offer several significant advantages over their traditional counterparts which are powered by electricity or gasoline. These advantages include increased mobility, reduced operational costs, and a lower environmental impact. Traditional models often come with the hassle of managing long power cords or dealing with the emissions from gasoline engines. In contrast, battery-operated scrubbers provide the freedom to move without restrictions and operate more quietly, making them ideal for use in sensitive environments such as hospitals and schools.

Floor Scrubber Battery Industry Overview

The Floor Scrubber Battery Market is competitive and fragmented, with the presence of several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market Eureka SPA, GS Yuasa Corporation, EnerSys, Trojan Battery Company, Johnson Controls International Plc, East Penn Manufacturing Co., Panasonic Corporation, Samsung SDI Co., Ltd, LG Chem, Ltd., and Clarios LLC.

Floor Scrubber Battery Market News

In 2024, East Penn Manufacturing, recently launched Power2Recycle, a comprehensive environmental campaign to increase awareness about the role consumers play in properly recycling lead batteries.

In 2021, Tennant Company launched the newest and largest autonomous floor cleaning machine, the T16AMR Robotic Floor Scrubber which is an industrial-grade autonomous scrubber that is ideal for larger facilities

Floor Scrubber Battery Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The Global Floor Scrubber Battery Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Floor Scrubber Battery Market Analysis (2024-2032F)

Analyzing the historical market, estimating the current market, and forecasting the future market of the Global Floor Scrubber Battery Market were the three major steps undertaken to create and analyze the adoption of Floor Scrubber Battery in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Global Floor Scrubber Battery Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Floor Scrubber Battery Market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Floor Scrubber Battery Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as battery type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Floor Scrubber Battery Market. Further, we conducted factor analysis using dependent and independent variables such as battery type and application of the Floor Scrubber Battery Market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Floor Scrubber Battery Market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Floor Scrubber Battery Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the Floor Scrubber Battery Market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the Global Floor Scrubber Battery Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Global Floor Scrubber Battery Market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the battery type and application in the global Floor Scrubber Battery market.

The main objective of the Global Floor Scrubber Battery Market Study

The current & future market trends of the Global Floor Scrubber Battery Market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the Floor Scrubber Battery Market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of the battery type and application
• Define and analysis of the regulatory framework for the floor scrubber battery industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the Floor Scrubber Battery Market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the Floor Scrubber Battery Market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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