Our comprehensive research on the Global Vacuum Cleaner Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global vacuum cleaner market size was US$ 5,419.4 million in 2021. The global vacuum cleaner market is forecast to grow to US$ 7,110.6 million by 2030 by growing at a compound annual growth rate (CAGR) of 4.1% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
The growing urban population and rising awareness related to the efficiency of vacuum cleaners are forecast to fuel the growth of the global vacuum cleaner market.
Increasing awareness related to cleanliness and hygiene will surge the growth of the global vacuum cleaner market. In addition, rising demand for garage & storage management systems will contribute to the market growth.
The benefits of vacuum cleaners, such as cost efficiency, product safety, and high accessibility to the corners & smaller areas, will escalate the market growth.
A growing working population and increasing purchasing power will accelerate the growth of the global vacuum cleaner market. On the contrary, the high cost of vacuum cleaners may limit the growth of the market.
The growing adoption of automated technologies in households and trending smart homes will escalate the growth of the global vacuum cleaner market throughout the forecast period.
COVID-19 Impact Analysis
The wake of the COVID-19 pandemic hampered the growth of the global vacuum cleaner market. Due to the pandemic, industry players in the vacuum cleaner market witnessed several obstacles. The pandemic forced the governments to halt travel activities. It also hampered international trade, which ultimately created a shortage of raw materials and laborers. All of these factors have negatively impacted the global vacuum cleaner market.
Regional Analysis
The Asia-Pacific vacuum cleaner market is forecast to grow at the fastest growth rate. Emerging economies like China and India are adding new growth prospects to the global vacuum cleaner market. The growing adoption of automated technology in households will benefit the regional vacuum cleaner market. Rising disposable income and increasing awareness about indoor health and hygiene will escalate the growth of the global vacuum cleaner market. Furthermore, vacuum cleaners are forecast to witness progress in terms of sales due to their convenience of use. Thus, it will benefit the overall regional market.
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Competitors in the Market
- Electrolux Group
- Panasonic Corporation
- Stanley Black & Decker
- Dyson Ltd.
- Haier Group
- Eureka Forbes Ltd
- LG Corporation
- Oreck Corporation
- Whirlpool
- Royal Philips Electronics
- InterVac Design Corp.
- Bissell
- VacuMaid
- Samsung
- Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Vacuum Cleaner industry experienced notable growth in its workforce. Starting in January, employment within the Vacuum Cleaner sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Vacuum Cleaner output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Vacuum Cleaner output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Vacuum Cleaner market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Vacuum Cleaner market.
Market Segmentation
The global vacuum cleaner market segmentation focuses on Product, Length, Capacity, Function, Distribution Channel, End-User, and Region.
By Product Type Outlook
- Central Vacuum
- Garage Vacuum
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By Length Outlook
- 0-30 ft
- 30-50 ft
- 50+ft
By Capacity Outlook
- Gallon
- – 2 Gallon
- – 5 Gallon
- 5+ Gallon
By Function Outlook
- With Blower
- Without Blower
By Distribution Channel Outlook
- Online
- Independent Retailers
- Dependent Retailers
- Offline
- Supermarket & Hypermarket
- Standalone Stores
- Resellers
- Independent Retailers
- Others
By End User Outlook
- Residential
- Commercial
- Corporate Offices
- Educational Sites
- Industrial
By Regional Outlook
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Vacuum Cleaner Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Vacuum Cleaner Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Vacuum Cleaner Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Vacuum Cleaner Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Vacuum Cleaner market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Vacuum Cleaner market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Vacuum Cleaner business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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