Research Nester has released a report titled “Building Window Cleaning Systems Market: Global Demand Analysis & Opportunity Outlook 2028″ which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
The urban population as a share of total population globally, grew from 51.646% in 2010 to 55.715% in 2019.
The statistics portray the growing urbanization around the globe, backed by the need among individuals to earn a livelihood, have access to numerous opportunities, and above all, stay connected to the cities. However, with the rapid urbanization, there is also a growing need among individuals for residences, which is anticipated to raise the construction of high-rise buildings in the coming years. Alternatively, with time ahead, these high-rise buildings would require both outdoor and indoor cleaning, which is expected to drive the growth of the global building window cleaning systems market throughout the forecast period, i.e., 2020-2028. The market is estimated to grow with a CAGR of 13.61% during the forecast period, and further reach a market revenue of USD 3515.8 Million by the end of 2028, from a value of USD 1220.0 Million in 2019.
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The global building window cleaning systems market is further estimated to grow on account of the rise in adoption of robots, such as automated facade cleaning systems, that allow to clean the buildings easily and effectively, followed by the increasing advancements in IoT technology, which is contributing to the development of advanced building window cleaning systems.
The global building window cleaning systems market is segmented by product functionality into automatic window cleaning machine (WCM) and manual window cleaning machine (WCM). The automatic WCM segment is expected to grow with the highest CAGR of 16.69% throughout the forecast period, and further generate a revenue of USD 2348.6 Million by the end of 2028. Rise in concern for the increasing labor costs is driving the shift in preference for automated systems, which in turn is expected to drive the growth of the segment during the forecast period.
On the basis of geographical analysis, the global building window cleaning systems market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa, out of which, the market in North America is expected to grab the largest market share of 31.70% and attain a market revenue of USD 1114.5 Million by the end of 2028. Besides this, the market in the region recorded a revenue of USD 353.8 Million in 2019. The increasing availability of high-rise buildings in countries such as the United States, and the rapid growth in construction activities in the region are some of the factors estimated to drive the growth of the market in North America. Further, the market in Europe is expected to display significant growth opportunities, backed by the availability of several industrial cleaning service providers.
However, the concern for the surging price of the automated cleaning systems, followed by the lack of awareness for the availability of cleaning equipment, are some of the factors anticipated to hamper the growth of the market in the coming years.
This report also provides the existing competitive scenario of some of the key players of the global building window cleaning systems market, which includes company profiling of KITE Robotics B.V., IPC Eagle, UNGER Germany GmbH, TTS CLEANING S.R.L., Sky Pro, and others.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Building Window Cleaning Systems Market: Global Demand Analysis & Opportunity Outlook 2028”, analyses the overall global building window cleaning systems industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global building window cleaning systems market in the near future.
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