3 KEY FACTORS MOULDING THE DUST EXTRACTOR MARKET
Demand Remains Influenced by Growing DIY Applications and Online Sales
The major factor supporting to the demand for DIY products is the healthy growth of the home upgrading segment. This segment offers significant opportunities for companies to explore opportunities in the dust extractor market. Home improvement remains the topmost priority as people demand better home space with improved standards of living. A house is a life-long asset that customers possess, and hence, carries a strong emotional attachment.
In industrialized countries, power tools are anticipated to generate high demand from professionals. Nevertheless, the increasing DIY trend is expected to create the demand for hand tools. But manufacturers will have to search for growth avenues in emerging countries, where construction budgets are a challenge for the adoption of power tools, consequently, squarely impacting the demand for vacuum cleaners.
The boom of online retail is set to play a key role in the expansion of the vacuum cleaners for DIY applications segment, globally. Manufacturing players are rapidly entering the e-Commerce space with plush websites and product offerings.
Increasing Number of Commercial Spaces to Underpin Gains
On the backdrop of the growing construction industry, the commercial sector has witnessed noteworthy growth, and is anticipated to maintain its status quo in the years to follow. Investing in construction activities is witnessing steady growth across target regions.
This has triggered the development of the construction industry, with major focus on increasing advanced commercial spaces, with the number of offices expected to increase noticeably. This factor is likely to support the growth of the dust extractor market.
New Product Development – Leading Strategy of Dust Extractor Manufacturers
Most manufacturers are launching new products to sustain their share in the dust extractor market. For instance, in 2018, Milwaukee Tool launched a new dust box for two of its dust extractors (HAMMERVAC) for rotary hammers and drills that provide filter cleaning with a touch application. The filter cleaning feature is the other product designed that helps ease the compliance related to the construction industry, with recent federal rules to decrease crystalline silica dust from harming workers or entering into the work environment.
DUST EXTRACTOR MARKET STRUCTURE ANALYSIS
- The global dust extractor market represents a fairly concentrated market, wherein, tier-1 companies hold around a 47% - 52% revenue share.
- Top companies in the dust extractor market include Milwaukee Tool, Alfred Kärcher SE & Co. KG, Makitra Corporation, Hilti 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.
- The emergence of a large number of manufacturers of dust extractors from China who offer low-cost dust extractors has created a huge price variation in the dust extractor market around the globe.
Dust Extractor – Empowering Safer and Cleaner Indoor Air
The importance of dust extractors for industry and commercial applications is here to stay, fuelled by norms & standards levied on the process and manufacturing industries by regulatory bodies such as the Occupational Safety and Health Association (OSHA) and the National Fire Protection Association (NFPA).
These air treatment solutions continue to gain utter imperativeness, empowering cleaner and safer indoor environment for employees and staff in industries. Increasing installations of odour control systems due to environmental concerns is further expected to aid into the growth for dust extractors market.
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Market Set to Grow Nearly 2X between 2019 and 2029
Development and introduction of high-performance, durable, and quality industrial filtration systems, compatible to a range of gas, particulate, and fabric filter system attributes, continue to impel adoption of dust extractors worldwide. Enhancing the scope of application versatility of dust extractors through R&D investments continues to remain a key strategy among manufacturers, which in turn will favour the market prospects.
How Growth will Unfold
Dust extractor demand will remain strong in the construction and woodworking industries – these two collectively accounting for over half market share. Dust extractor sales in woodworking applications will grow at a higher rate, followed by professional craftsmen following the suit.
DUST EXTRACTORS MARKET TAXONOMY
The global dust extractor market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.
- 0.4-1 Ltr.
- 1-10 Ltr.
- 10-20 Ltr.
- 20-40 Ltr.
- Above 40 Ltr.
- Battery Operated (Cordless)
- 12 V
- 18 V
- Direct Power Supply Based (Wired)
- Professional Craftsmen (DIY)
- Car Service
- Garage/Service Stations
- Construction Site
- Commercial Establishment Maintenance & Cleaning
By Dust Class
- By Sales Channel
- Hardware Shop
- E-commerce Platform
By Vacuum Pressure
- 0.01-0.1 Bar
- 0.1-1 Bar
- More than 1 Bar