DUBLIN–(BUSINESS WIRE)–The “Airport Cleaning Machine Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Type and Application” report has been added to ResearchAndMarkets.com’s offering.
The global airport cleaning machine market is expected to grow from US$ 2,737.94 million in 2021 to US$ 3,942.34 million by 2028; it is estimated to grow at a CAGR of 5.3% during 2021-2028.
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.
Airport authorities will also be partnering with facility management service providers who will offer various operational facilities to airports. Cleaning machine providers can also partner with these facility management service providers to offer their technologically advanced cleaning machines.
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.
Key Topics Covered:
2. Key Takeaways
3. Research Methodology
4. Airport Cleaning Machine Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Airport Cleaning Machine Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Enhanced Sanitation Programs and Procedures at Airports
5.1.2 Increase in Demand for Advanced Cleaning Machines
5.2 Key Market Restraints
5.2.1 Cost Associated with Procuring and Maintaining Advanced Cleaning Machines
5.3 Key Market Opportunities
5.3.1 High Potential in Developing Countries
5.4 Future Trends
5.4.1 Autonomous Cleaning Machines/Robots
5.5 Impact Analysis of Drivers and Restraints
6. Airport Cleaning Machine Market – Global Analysis
6.1 Airport Cleaning Machine Market Global Overview
6.2 Airport Cleaning Machine Market – Global Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Airport Cleaning Machine Market Analysis – By Type
8. Airport Cleaning Machine Market Analysis- By Application
9. Airport Cleaning Machine Market – Geographic Analysis
10. Airport Cleaning Machine Market- COVID-19 Impact Analysis
11. Industry Landscape
12. Company Profiles
- Avidbots Corp.
- Borum A/S
- EHR Fahrzeugtechnik
- MULTIHOG LIMITED
- Nilfisk Group
- Roots Multiclean Ltd
- SMETS TECHNOLOGY GmbH
- WINTER GRUN Markiertechnologie GmbH
For more information about this report visit https://www.researchandmarkets.com/r/61mr9d
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