The shoe shine machine market size has grown strongly in recent years. It will grow from $7.81 billion in 2023 to $8.39 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth during the historic period can be attributed to several factors, rising disposable income, the expansion of the hospitality industry, the rise of corporate culture and professionalism, increasing demand from the commercial sector, and a growing emphasis on hygiene and cleanliness.
The shoe shine machine market size is expected to see strong growth in the next few years. It will grow to $11.25 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing urbanization and a growing professional workforce, the development of the tourism industry, rising disposable income and consumer spending, an increasing number of working individuals, and a growing demand for portable and compact devices. Major trends in this period include the incorporation of IoT and smart features, the development of smaller and more portable shoe shine machines, the growing use of sustainable and eco-friendly materials, the adoption of automated cleaning systems, and a focus on energy-efficient models.
The growing hospitality sector is anticipated to drive the demand for shoe shine machines. This sector includes businesses that provide lodging, food, beverages, and other services to guests or travelers, such as hotels, restaurants, bars, resorts, event venues, and related establishments that focus on customer comfort and excellent service. The hospitality industry is expanding due to increased travel, higher incomes, global business demands, and changing consumer expectations for personalized service and convenience. Shoe shine machines enhance the guest experience by offering convenient shoe care, ensuring a polished look and maintaining cleanliness standards. For example, a report published by the USDA Foreign Agricultural Service (FAS) in May 2023 noted that the hotel, restaurant, and institutional (HRI) market in the United Arab Emirates (UAE) was valued at $12.3 billion in 2021, reflecting a nearly 17% increase from 2020. Thus, the expanding hospitality sector is expected to boost the shoe shine machine market.
The increasing number of working individuals is also expected to drive the shoe shine machine market. Working individuals are those who are actively employed, earning income, and contributing to the workforce. This number is rising due to population growth, more women joining the workforce, economic expansion, and an increase in job opportunities. Shoe shine machines offer quick and convenient shoe care, ensuring a polished appearance that enhances professionalism and hygiene standards in the workplace. For instance, according to a report published by the Bureau of Labor Statistics in December 2023, 63.8 percent of the US population was employed in 2022, up from 63.3 percent in 2021. Therefore, the increasing number of working individuals is expected to drive the shoe shine machine market.
Major companies in the shoe shine machine market are adopting robot-enhanced systems to improve sustainability practices, product efficiency, and reduce environmental impact. These advanced robotics automate and enhance shoe cleaning and repair, increasing efficiency and accuracy. For example, in September 2022, Nike launched the Bot-Initiated Longevity Lab (BILL), a robot that can polish and repair old trainers in 45 minutes, providing the service for free. This robot, which works on Air Force 1s, Air Jordan 1s, Space Hippie 01s, and Nike Dunks, creates a 3D digital model to identify areas needing cleaning and uses rotating brushes, similar to those in car washes, for a deep clean.
Major companies operating in the shoe shine machine market are Orchids International, Euronics Industries Pvt Ltd., Shoe-String, Thomson & Thomson, Super Safety Services, Avro, Moneysworth & Best, Dolphy India Pvt. Ltd., HEUTE MASCHINENFABRIK GMBH, Zaf Enterprises, Automax Systems, Flyban International, E-WARE, Enejean, Technocrats, Elribird, Sun And Shine Solution, Merino International, Mazorima, Ashika Hygiene Care.
North America was the largest region in the shoe shine machine market in 2023. The regions covered in the shoe shine machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the shoe shine machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A shoe shine machine is a device engineered to automatically clean and polish shoes. These machines are often found in environments where keeping shoes polished is essential but time-consuming, such as hotels, airports, corporate offices, and luxury retail stores.
The primary types of shoe shine machines are automatic and manual. Automatic machines are designed for hands-free use, employing sensors to dispense polish or wax onto brushes for efficient shoe shining. These machines are available through various distribution channels, both offline and online, and are used for both residential and commercial purposes.
The shoe shine machine market research report is one of a series of new reports that provides shoe shine machine market statistics, including shoe shine machine industry global market size, regional shares, competitors with a shoe shine machine market share, detailed shoe shine machine market segments, market trends and opportunities, and any further data you may need to thrive in the shoe shine machine industry. This shoe shine machine market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The shoe shine machine market consists of sales of portable shoe shine machines, battery-operated shoe shine machines, and luxury shoe polishers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Shoe Shine Machine Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on shoe shine machine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for shoe shine machine? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The shoe shine machine market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product: Automatic; Manual2) By Distribution Channel: Offline; Online
3) By Application: Residential; Commercial
Key Companies Mentioned: Orchids International; Euronics Industries Pvt Ltd.; Shoe-String; Thomson & Thomson; Super Safety Services
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies profiled in this Shoe Shine Machine market report include:- Orchids International
- Euronics Industries Pvt Ltd.
- Shoe-String
- Thomson & Thomson
- Super Safety Services
- Avro
- Moneysworth & Best
- Dolphy India Pvt. Ltd.
- HEUTE MASCHINENFABRIK GMBH
- Zaf Enterprises
- Automax Systems
- Flyban International
- E-WARE
- Enejean
- Technocrats
- Elribird
- Sun And Shine Solution
- Merino International
- Mazorima
- Ashika Hygiene Care
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | October 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 8.39 Billion |
Forecasted Market Value ( USD | $ 11.25 Billion |
Compound Annual Growth Rate | 7.6% |
Regions Covered | Global |
No. of Companies Mentioned | 21 |