Happi Staff12.30.20
The carpet cleaning products market is poised to grow $335.55 million during 2020-2024, a CAGR of over 4% during the forecast period, according to a new report by Technavio.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., Bissell Homecare Inc., Church & Dwight Co. Inc., Diversey Inc., Reckitt Benckiser Group Plc, SC Johnson & Son Inc., Spectrum Brands Holdings Inc., Techtronic Industries Co. Ltd., The Clorox Co., and The Procter & Gamble Co. are some of the major market participants. Although the inclination toward hygiene and cleanliness offers immense growth opportunities, high competition from unorganized players is likely to pose a challenge for the market vendors, according to Technavio.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., Bissell Homecare Inc., Church & Dwight Co. Inc., Diversey Inc., Reckitt Benckiser Group Plc, SC Johnson & Son Inc., Spectrum Brands Holdings Inc., Techtronic Industries Co. Ltd., The Clorox Co., and The Procter & Gamble Co. are some of the major market participants. Although the inclination toward hygiene and cleanliness offers immense growth opportunities, high competition from unorganized players is likely to pose a challenge for the market vendors, according to Technavio.
