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The global shoe shine machine market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
A shoeshine machine refers to a portable, lightweight and compact device used for cleaning shoes and soles. It provides hands-free operation and operates through a motor, multiple infrared sensors, wax creams and high-quality cleaning brushes. The sensors detect the shoe when it is placed in the slot and clean it using brushes with nylon and woolen bristles by removing the dirt and restoring the shine. In comparison to the traditionally used methods, shoeshine machines are cleaner, faster and less time-consuming. As a result, they are widely used across homes, offices, hotels, airports and other commercial complexes.
Rapid urbanization across the globe represents one of the key factors driving the growth of the market. Furthermore, a significant increase in the working population, especially in the developing countries, is also driving the market growth. The shoeshine machines are hassle-free, highly cost- and time-effective and aid in minimizing the wear and tear on shoes, thereby restoring the shine for an extended period. Moreover, the widespread utilization of these machines in the hospitality industry is also contributing to the growth of the market. Shoeshine machines are used in hotels and restaurants to maintain hygiene among the employees and are also placed at the entrance, reception or at a central location to enable the guests to clean or polish their shoes. Additionally, various product innovations, such as the development of automatic variants with smart sensors, are favoring the market growth. Other factors, including the rising expenditure capacities of the consumers, along with the increasing consumer preference for luxury products and services, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global shoe shine machine market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product, application and distribution channel.
Breakup by Product:
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The competitive landscape of the industry has also been examined along with the profiles of the key players being Beck Shoe Products Company, Dolphy India Private Limited, Esfo AB, Euronics Industries Pvt. Ltd., HEUTE Maschinenfabrik GmbH & Co KG, Moneysworth & Best, Orchids International and Sunpentown Inc.
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