The global shoe shine machine market size is expected to
reach USD 72.8 million by 2025 registering a CAGR of 5.95%, according to a new
report by Grand View Research, Inc. Rising number of working individuals along
with increasing demand for quick shoe cleaning services is projected to drive the
demand for shoe polishing machines. In addition, the advent of innovative
compact, portable, and automated products with dual cleaning brushes and
sensors will dive the demand further. Hands-free operation of these machines is
also boosting their demand.
Growing product usage in 5-star hotels,
business complexes due to rapidly expanding corporate sector will also have a
positive impact on the market growth. The shoe shining machine market in Asia
Pacific is anticipated to ascend at the maximum CAGR from 2019 to 2025. This
growth is attributed to the rapidly expanding commercial construction sector
and number of commercial areas, such as hotels, restaurants, and offices, in
the region. In addition, increased consumer purchasing power in emerging
countries, such as India and China, is driving the sales for automated shoe
polishing products, thereby augmenting market development.
Major companies in the shoe polish machine
market follow several strategic initiatives, such as product launches,
acquisitions & mergers, and online sales, to expand their geographical
reach. For instance, in April 2019, Moneysworth & Best launched its own
website for selling their products, which include shoe shine machine, creams,
cleaners, soles etc. Some of the prominent industry participants include HEUTE
Maschinenfabrik GmbH & Co KG; Beck Shoe Products Co.; Moneysworth &
Best; Sunpentown, Inc.; Euronics Industries Pvt. Ltd.; and Dolphy India Pvt.
Ltd.
For full research report on Shoe Shine
Machine Market visit here: https://www.grandviewresearch.com/industry-analysis/shoe-shining-machine-market
Shoe Shine
Machine Market Report Highlights
- The automatic
product segment is projected to account for the largest revenue share over
the next few years
- The commercial
application segment led the global shoe shine machine market in 2018 and
accounted for a share of more than 80%
- North America was
the dominant regional market in 2018 and is projected to retain its
position throughout the forecast years
- However, APAC is
estimated to register the fastest CAGR from 2019 to 2025 due to rising
disposable income levels in emerging countries like India, South Korea,
China, and Japan
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/shoe-shining-machine-market/request/rs1
Grand
View Research has segmented the global shoe shine machine market on the basis
of product, application, and region:
Shoe Shine
Machine Product Outlook (Revenue, USD Million, 2015 - 2025)
- Automatic
- Manual
Shoe Shine
Machine Application Outlook (Revenue, USD Million, 2015 - 2025)
- Residential
- Commercial
Shoe Shine
Machine Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Central & South
America
- Brazil
- Middle East &
Africa
- South Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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