Wednesday, January 26, 2022

Dust Extractors Market is expanding at a healthy 8.5% CAGR, and is projected to total US$ 3.6 Billion by 2028: FMI

Dust Extractor Market – Analysis, Outlook, Growth, Trends, Forecast

DUBAI, United Arab Emirates, January 12, 2022 (Globe Newswire) — Global sales of dust extractors exceeded US$1 billion in revenue in 2018, which is projected to see an average annual growth of around 6% in 2019 and so forth. The size of the dust extractor market is estimated at total US$3.6 billion till 2028. A new research intelligence approach from Future Market Insights (FMI) envisages that dust extractors will reap significant gains in the low dust segment, which will account for substantial incremental opportunity during the years to come.

Property

Description

Dust Extractor Market Estimated Size 2022

US$2.2 billion

Dust Extractors Market Value-Based CAGR (2022-2028)

~8.5%

Estimated 2028. Size of the Dust Extractor Market in

US$3.6 billion

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While the adoption of dust extractors in the medium dust class will retain a dominant share in the low dust class in the long run, the latter is highly likely to overtake the former due to the impressive development of the commercial building sector. Sales are expected to increase significantly in the coming years, as demand continues to grow in key end-use sectors, especially commercial buildings and offices.

The construction sites, although the dust extraction space is envisaged to remain the major demand generator, will be closely followed by the woodworking segment. The report ranks the wood working applications of the dust extractor market as a significant demand contributor to the market and anticipates a healthy rate of growth for the dust extractor demand in the wood working segment.

DYI applications to enhance the efficiency of online sales channels

The growing number of projects in the commercial space construction landscape will continue to be a significant booster for the growth in demand for dust evacuators globally. Moreover, a significant increase in the number of DIY applications, strongly supported by the flourishing of online retail channels, are cited in the report as important factors influencing the growth of the dust removal market in the coming years. The report attributed the growth of the DIY applications segment to the growth of the home improvement industry witnessed in the recent past.

In the light of the success registered by leading online distributors of DIY vacuum cleaners such as Amazon, eBay, Alibaba and ShopClues, many organizations are strategizing their entry into the e-commerce space. The report said selling power tools is likely to emerge as a popular strategy among players who are venturing into the online retail world to sell DYI vacuum cleaners. According to the findings of the report, the increasing consumer preference for online channels when shopping for DIY application tools is accelerating online sales of dust removers. However, the high price point associated with high capacity vacuum cleaners will continue to deter the accelerated growth of the dust removal market in the long run.

In line with the potential competitive edge offered by dust extractor models with compact dimensional design and light weight, leading manufacturers are following the growing trend of higher R&D investments in innovative product launches.

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scope of report

Property

Description

forecast period

2013-2021

Historical data available for

2022-2028

market analysis

Units for Volume and US$ Bn for Price

Major Areas Covered

North America, Latin America, Eastern Europe, Western Europe, Japan, Oceania, Middle East and Africa, and Asia Pacific except Japan.

Major Countries Covered

USA, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, others .

Major market segments include

Capacity, Power, Application, Dust Class, Vacuum Pressure and Area

Major Companies Profiles

Pricing

Available on request

Japan to emerge as manufacturing hub of industry

At the end of the forecast period, Europe is envisaged to emerge as the most profitable region for the major dust users. At present, the US and Germany represent the most prominent countries, generating significant demand for dust extractors, with the latter benefiting the markets of North America and Western Europe, respectively.

According to the report, the demand for dust extractors in developed regions will continue to be favorably impacted by the stringent regulatory framework of regional governments regarding the use of vacuum cleaners.

Furthermore, in terms of value and volume, Japan is also projected to be an attractive regional market for dust collectors. The analysis of FMI also shows that Japan is currently showing potential to develop as a new manufacturing hub. MEA is also projected to continue to be a major regional market for dust extractor sales, which is primarily attributed to the strong growth of key end-use segments across the region.

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Dustbin Market: Vendor Landscape

As a result of the strong presence of a large number of local and established players, the dust removal market is largely fragmented. The report provides details of some of the major players in the global dust removal market, such as Milwaukee Tool, Alfred Karcher SE & Co. KG, Makitra Corporation, Hilty 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.

Explore past research conducted on Dust Extractor market trends – https://www.prnewswire.com/news-releases/dust-extractor-sales-poised-for-healthy-growth-at-over-6-cagr-during-2019-to-2029–future-market-insights -300845003.html

Search past research – Industrial Automation Market Trends

Global Dust Control Systems Market: The Dust Control Systems Market is expected to grow at a CAGR of 5% during the forecast years 2020-2030.

Industrial Dust Collector Market: Growing concern towards health issues due to high pollution levels is anticipated to drive the sales of Industrial Dust Collector market in the coming years.

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Cable Rack Market: Cable Rack Market is poised to witness a consistent and healthy growth with a CAGR of 7% to 8% during 2021 – 2031.
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Pump Feeder Market: Pump feeders are expected to grow at a CAGR of around 5 to 10% from 2021 to 2031.

Screw Conveyor Market: Screw Conveyor Market is expected to record 6%-8% CAGR from 2021 to 2031.

Crane Motors Market: The market will witness steady growth during 2021-2031. Crane motors sales are expected to grow at a CAGR of 5 to 6% during 2021 to 2031.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, US and India. FMI’s latest market research reports and industry analysis help businesses tackle challenges and make important decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports provide actionable insights driving sustainable growth. A team of expert-led analysts at FMI continually tracks emerging trends and developments across a wide range of industries to ensure that our clients are prepared for the evolving needs of their consumers.

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