Report Ocean has recently published the “Household Vacuum Cleaners Market“ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
The global household vacuum cleaners market was valued at $11,968 million in 2015 and is expected to reach $16,657 million by 2022, growing at a CAGR of 4.7% over the forecast period. Household vacuum cleaners are electrical appliances that are used for cleaning floors and carpets using suction. The market for these cleaner is a part of the household appliances industry, which is growing steadily, owing to high purchasing power, increasing health & hygiene concerns, and rise in working population. Vacuum cleaners are available in different sizes and models including handheld devices, battery-powered, central vacuum cleaners, and others.
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The market is largely driven by the increase in disposable income, rise in large carpeted area and tiled interiors of the house, increase in urban population, and improved standards of living in developing economies. The rising demand for automated & less time-consuming cleaning solutions is another driver for this market. Increase in tech-savvy population and innovation in conventional household vacuum cleaners are expected to boost the demand for energy-efficient products. Vacuum cleaners improve the efficiency and are eco-friendly in nature. These cleaners are equipped with HEPA filters, which filter air through a fine mesh that even traps the fine dust particles. These HEPA filters helps to purify the air inside a room, thus preventing dust allergies, which is beneficial for asthma patients. However, low awareness in remote areas and high energy consumption restrict the market growth. Manufacturers have developed small handheld and robotic cleaners to tackle this situation.
The EU regulation, which restricts the usage of vacuum cleaners above 900 watts, is also expected to affect the sales of the powerful upright, canister, and drum vacuum cleaners in the European market. Government initiatives for hygiene and cleanliness across India and China are expected to facilitate the adoption of household vacuum cleaners in the coming years. In addition, low product differentiation and presence of significant number of market players have resulted in reduction of price in these products. Rise in concerns on energy consumption by the Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) is expected to positively impact the industry growth as the companies are expected to focus on manufacturing environment-friendly products.
The household vacuum cleaners market has three major segments: product type, mode of sale, and geography. Based on product type, the market is segmented into upright, central, canister, drum, robotic, wet/dry, and others. Robotic vacuum cleaners are more expensive as compared to other types of vacuum cleaners. However, automation and less human assistance assist in hassle-free cleaning process, and these factors increase the demand for robotic vacuum cleaners.
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Upright and canister cleaners accounted for the largest market share in 2015. Ease of use, high suction power, and convenience to store are factors that contribute to significant growth of canister vacuum cleaners in the Asia-Pacific. Globally, the canister cleaner segment is projected to grow at a CAGR of 3.7%. Upright segment accounted for the maximum revenue share in 2015 and is anticipated to consolidate its position during the forecast period, owing to its high suction capability and large surface area cleaning. Central cleaners are easy to use and produce negligible noise, but due to difficult installation process, the market is growing at a slow pace.
The market is further segmented by mode of sale into offline and online mode of sale. Offline mode of sale is expected to grow at a highest CAGR of 3.1%, due to customer convenience and overall store experience. Offline mode of sale consists supermarkets, hypermarkets, retail stores, and door-to-door selling. However, online mode of sale is also expected to grow at a significant rate owing to rapid rise of e-commerce in various developing and developed countries.
The world household vacuum cleaners market is geographically segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the major contributor to the revenue, followed by Europe. Factors such as increase in health awareness, rise in disposable income, and growth in standard of living in developing nations, such as China, Australia, India, South Korea, and others, are expected to drive the market.
KEY BENEFITS
This report provides an in-depth analysis of the global household vacuum cleaners market to understand the potential investment pockets.
The report outlines current trends and future scenarios to determine the overall market potential and identify profitable trends to gain a stronger foothold in the market.
This report provides information regarding key drivers, restraints, and opportunities, along with their detailed impact analysis.
The report offers quantitative analysis of the market from 2014 to 2022 to understand the financial competency of the market.
Porter’s Five Forces Model highlights the competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, strength of the buyers, and strength of the suppliers operating in the market.
Value chain analysis provides a clear understanding on the roles of stakeholders involved.
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Key Players
AB Electrolux
Haier Group Corp.
LG Electroncis, Inc.
Miele & Cie. KG
Samsung Electronics Co., Ltd.
Dyson Ltd.
Bissell, Inc.
iRobot Corporation
Panasonic Corporation
Koninklijke Philips N.V.
Market Segmentation
By Product Type
Upright
Canister
Central
Robotic
Drum
Wet/Dry
Other
By Mode of Sale
Offline
Online
By Region
North America
U.S.
Mexico
Canada
Europe
UK
Germany
France
Italy
Rest of Europe (Denmark, the Netherlands, and Others)
Asia-Pacific
China
Australia
Japan
Rest of Asia-Pacific (Singapore, India, Thailand, and Others)
LAMEA
Latin America
Middle East
Africa
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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Key Questions Market Research and Analysis Report
- What is the current market size, both in terms of value and volume?
- What is the historical growth rate of the market, and what are the projected growth rates for the future?
- Who are the major players in the market, and what is their market share?
- What are the market trends and dynamics influencing the industry?
- What are the key drivers of market growth?
- What are the challenges and barriers faced by market participants?
- What are the emerging opportunities in the market?
- What is the competitive landscape of the market?
- What are the consumer preferences, behaviors, and buying patterns within the market?
- What is the market segmentation, and how are different market segments performing?
- What are the pricing trends and strategies in the market?
- What are the distribution channels and their effectiveness in reaching the target audience?
- What are the regulatory and legal factors impacting the market?
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