{"id":128640,"date":"2024-02-13T21:37:53","date_gmt":"2024-02-14T02:37:53","guid":{"rendered":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/global-escalator-cleaning-machine-market-size-is-estimated-to-reach-usd-2241-57-million-by-2031-growing-at-a-cagr-of-11-16-straits-research\/"},"modified":"2024-02-13T21:37:53","modified_gmt":"2024-02-14T02:37:53","slug":"global-escalator-cleaning-machine-market-size-is-estimated-to-reach-usd-2241-57-million-by-2031-growing-at-a-cagr-of-11-16-straits-research","status":"publish","type":"post","link":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/global-escalator-cleaning-machine-market-size-is-estimated-to-reach-usd-2241-57-million-by-2031-growing-at-a-cagr-of-11-16-straits-research\/","title":{"rendered":"Global Escalator Cleaning Machine Market Size is Estimated to Reach USD 2,241.57 million by 2031, Growing at a CAGR of 11.16%: Straits Research"},"content":{"rendered":"

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The global escalator cleaning machine industry is driven by vertical building growth, fueled by population expansion, urbanization, and sustainability concerns. This trend boosts escalator installations in skyscrapers, increasing demand for eco-friendly cleaning solutions. North America dominates, driven by robust economic growth, new businesses, and heightened construction, leading to increased spending on cleaning services, including escalator cleaning machines. Stringent regulations also bolster demand for professional cleaning equipment, contributing to escalator cleaning machine demand in the region.<\/h2>\n

New York, United States, Feb. 12, 2024 (GLOBE NEWSWIRE) — Escalators are a focal feature in many structures and occupy a large visual area. In order to preserve their look and prevent excessive wear, escalators must be routinely cleaned, just like floors. Even though there are various methods for cleaning escalators, escalator cleaning machines are the most practical and efficient option. Escalator cleaning equipment is a master in cleaning escalators. It is excellent equipment for cleaning escalators quickly and efficiently, and it may be mounted on the pedals for your convenience. The equipment is compatible with all escalators due to its autonomous guidance mechanism.<\/p>\n

Download Free Sample Report PDF @\u00a0<\/strong>https:\/\/straitsresearch.com\/report\/escalator-cleaning-machine-market\/request-sample<\/u><\/b><\/a><\/p>\n

Growth of Vertical Buildings Drives the Global Market<\/strong><\/p>\n

According to Straits Research, \u201cThe global escalator cleaning machine market size was valued at USD 864.92 million in 2022. It is estimated to reach USD 2,241.57 million by 2031, growing at a CAGR of 11.16% during the forecast period (2023\u20132031).\u201d<\/i><\/b>\u00a0Population growth, rising demand for urban dwellings, increasing population and foot traffic in commercial sectors, and a scarcity of available land are driving the global expansion of vertical construction. Climate change is caused by the huge pressure a rapidly expanding population exerts on finite natural resources. In 2050, there will be approximately 9.9 billion people on Earth and 12 billion in 2100. All of these reasons are anticipated to promote the installation of escalators, which will increase the need for escalator-cleaning equipment over the projected period. In addition, the increasing rise of urbanization has also boosted skyscraper construction. By 2050, there are predicted to be around 6,900 skyscrapers per billion people, compared to the current 800 per billion people. Urbanization and skyscraper construction will likely benefit the global escalator cleaning machine market over the forecast period.<\/p>\n

Advent of Robotic\/Automatic Cleaning Equipment Creates Tremendous Opportunities<\/strong><\/p>\n

New cleaning technologies have emerged in recent years due to rapid technical breakthroughs. The advent of automatic escalator cleaning machines is one of these ground-breaking developments in professional cleaning equipment. All aspects of life are rapidly adopting automation. Implementing automation and robotics can drastically transform the cleaning industry, boosting the market. Automated escalator cleaning devices will make breakthrough robotics technology relatively affordable to businesses. In recent years, the use of telematics and IoT in cleaning equipment has increased, which has increased competition and provided numerous opportunities for vendors to develop newer technologies that reduce labor costs and provide more effective and efficient cleaning, propelling the escalator cleaning machine market.<\/p>\n

Regional Analysis<\/strong><\/p>\n

North America’s escalator cleaning machine\u2002industry share<\/u><\/a>\u00a0is expected to grow at a CAGR of 9.13% over the forecast period. High economic growth, the establishment of new businesses, company expansions, and increasing building activity are primarily responsible for the region’s growing need for cleaning services. Over the past five years, income from professional cleaning services increased by 3% in the United States. Rising corporate earnings have increased spending on cleaning services, creating demand for commercial equipment such as escalator cleaning machines. In addition, severe laws aimed at reducing cross-contamination and worker injury fuel the market for professional cleaning equipment. These macro variables resulted in the region’s tremendous demand for escalator cleaning machines. The increasing demand for escalator cleaning equipment in Canada is primarily attributable to increased construction and commercial businesses. Canada’s escalator cleaning machine market is substantially less than the United States. Yet, expanding global commerce and the recent adoption of the Canada-European Union Comprehensive Trade Agreement have helped Canada’s economic expansion.<\/p>\n

Asia-Pacific is anticipated to exhibit a CAGR of 15.23% over the forecast period. The Asia-Pacific market for escalator cleaning machines is anticipated to expand quickly, exceeding North America and Europe over the forecast period. India, China, and Japan are Asia-Pacific’s key market growth drivers. The need for professional cleaning equipment in these nations is bolstered by their robust economic expansion, increasing construction activity, and higher per capita disposable income. In addition, increasing end-user discretionary money, bolstered by robust economic growth, is driving the deployment of cleaning robots. Robotic or autonomous cleaning equipment is anticipated to see the greatest CAGR, pushing the demand for automatic escalator cleaning machines. Travel and tourism expansion fosters the hospitality industry’s expansion, encouraging greater investment. In addition, these industries have a large footprint, necessitating more frequent escalator cleaning.<\/p>\n

Key Highlights<\/strong><\/p>\n