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Household Vacuum Cleaners Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2023-2030

Published Date: October, 2022
No of Pages: 159
Delivery Format: PDF+Excel

$2,950.00

By the end of 2025, the market for household vacuum cleaners is anticipated to have grown by a CAGR of X.X%, reaching a value of US$ XX.X million (2018-2025). The rising demand for portable and lightweight vacuum cleaners is responsible for the market’s expansion. The market for household vacuum cleaners is divided into segments based on type, application, and geography. The market is divided into four categories based on type: robotic vacuum cleaners, canister vacuum cleaners, and upright vacuum cleaners. The most popular kind of vacuum cleaner, upright vacuum cleaners, is predicted to hold the biggest market share during the projection period. The rising demand for portable and lightweight vacuum cleaners is blamed for market expansion.

The market is divided into two categories based on application: residential and commercial. The residential segment is anticipated to have the biggest market share during the projected period. The rising demand for portable and lightweight vacuum cleaners is blamed for market expansion. The market is divided into four categories based on geography: North America, Europe, Asia Pacific, and the Rest of the World.

Household Vacuum Cleaners Market Report Scope and Segmentation
ATTRIBUTESDETAILS
ESTIMATED YEAR2023
BASE YEAR2022
FORECAST YEAR2030
HISTORICAL YEAR2017-2022
UNITValue (USD Million/Billion)
BY REGIONNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa

Since they have been used for more than a century, vacuum cleaners have undergone several alterations. The first models were large, heavy, and challenging to use. They weren’t very good at cleaning and needed a lot of upkeep. Vacuum cleaners have evolved to become more compact, lightweight, and powerful. They are now a crucial component of maintaining a clean home. There are numerous varieties of vacuum cleaners available. The most popular vacuums are upright, canister, and handheld models. The most popular type of vacuum is an upright one. They may be used on all kinds of floors and are simple to use. Most of the time, they are the most potent kind of vacuum, making them ideal for big houses or houses with a lot of pet hair. Homes with multiple hardwood floors are an excellent fit for canister vacuums. Compared to upright vacuums, they are lighter and simpler to maneuver.
Additionally, they have a lengthy hose that can reach nooks and crannies. For small houses or apartments, handheld vacuums are fantastic. They are lightweight and compact, making them simple to store. Although they lack the power of other vacuum types, they are useful for quick cleanups. It’s crucial to consider your home’s size and kind of floors when selecting a vacuum. Consider additional desired features, such as a detachable hose or cordless functionality. Any home’s cleanliness depends heavily on vacuum cleaners. There is bound to be one that perfectly meets your needs with the wide variety available.

Market Opportunities for Domestic Vacuum Cleaners

According to a recent analysis by MWR, Inc., the global market for household vacuum cleaners is anticipated to reach USD 12.9 billion by 2025. A CAGR of 4.9% is predicted for the market during the forecast period. It is projected that rising hygiene and cleaning concerns would increase demand for vacuum cleaners in residential settings. Additionally, the product’s technological developments will fuel market expansion throughout the upcoming years. The segment for cordless vacuum cleaners is anticipated to experience the highest CAGR of 5.4% from 2019 to 2025 due to the rising popularity of these products due to their portability and simplicity of use.

The canister vacuum cleaners market is predicted to increase at a substantial CAGR over the forecast period on account of the growing demand from commercial applications. The commercial vacuum cleaners segment is projected to grow at a CAGR of 5.1% over the forecast period.

This growth can be attributed to the increasing demand for these products from the hospitality industry. The Asia Pacific region is expected to grow at the highest CAGR of 5.5% over the forecast period because of the growing construction industry in the region. The market in North America is expected to grow at a CAGR of 4.8% over the forecast period on account of the growing demand from the residential sector.

The market in Europe is expected to grow at a CAGR of 4.7% over the forecast period. The key players in the market are Electrolux, Dyson Ltd., Hoover, Samsung, and L.G. The market is highly competitive, with a large number of players. The players are engaged in product innovation and development to gain a competitive edge in the market. The market is segmented as follows: By Product Type• Upright Vacuum Cleaners• Canister Vacuum Cleaners• Handheld Vacuum Cleaners• Central Vacuum CleanersBy Application• Residential• CommercialBy Region• North America• Europe• Asia

Household Vacuum Cleaners Market Restraints

Household vacuum cleaners have been designed to make cleaning easier for consumers. They are now available in various models, each with its unique set of features. However, there are some common restraints that apply to all models of household vacuum cleaners. The most common restraint is the price. Household vacuum cleaners can be quite expensive, especially compared to other types. This is because they are designed to be more durable and offer more features than other cleaners. Another restraint is the size. Household vacuum cleaners can be quite large, making them difficult to store in small homes. This is especially true for the newer, more powerful models. A final restraint is noise. Household vacuum cleaners can be quite loud, making it difficult to use them in quiet environments. This is especially true for the older, less powerful models.

Household Vacuum Cleaners Market Key Trends

The global Household Vacuum Cleaners market is expected to grow at a CAGR of around 5.2% from 2020 to 2025. The major factors driving the growth of the Household Vacuum Cleaners market are the increasing demand for vacuum cleaners from the end-use industries and the growing awareness about the health and hygiene benefits of vacuum cleaners. The Household Vacuum Cleaners market is segmented by product type, end-use industry, and region.

Based on product type, the market is segmented into canister vacuum cleaners, upright vacuum cleaners, and others. The canister vacuum cleaners segment is expected to grow at the highest CAGR during the forecast period. This is due to consumers’ growing popularity of canister vacuum cleaners owing to their superior suction power and portability.

Based on the end-use industry, the Household Vacuum Cleaners market is segmented into residential and commercial. The residential segment is expected to grow at the highest CAGR during the forecast period. This is due to consumers’ growing awareness of the health and hygiene benefits of vacuum cleaners.

The Household Vacuum Cleaners market is further segmented by region into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to hold the largest market share in the global Household Vacuum Cleaners market during the forecast period. This is due to the presence of major regional players and the growing demand for vacuum cleaners from the residential and commercial end-use industries. Asia Pacific is expected to be the fastest-growing market for Household Vacuum Cleaners during the forecast period. This is due to the growing construction activities and the growing awareness about the region’s health and hygiene benefits of vacuum cleaners.

Some major players operating in the global Household Vacuum Cleaners market are Dyson Ltd., L.G. Electronics, Inc., Panasonic Corporation, Philips Electronics N.V., Samsung Electronics Co., Ltd., Sharp Corporation, Siemens AG, Electrolux AB, and Bissell Homecare, Inc.

Household Vacuum Cleaners Market Drivers

A vacuum cleaner is an essential appliance in every home. It helps in keeping the house clean and dust-free. In the past, vacuum cleaners were used only for cleaning floors. But now, they are available in various types and sizes and can be used for cleaning different surfaces. The global household vacuum cleaners market is expected to grow at a CAGR of 5.5% during the forecast period (2019-2024). (2019-2024). The major factors driving the growth of the household vacuum cleaners market are the growing concerns about hygiene and the increasing disposable incomes.

In addition, the development of new technologies and the launch of new products are fueling the market’s growth. However, the high cost of vacuum cleaners and the availability of alternatives are the major factors restraining the market’s growth. The global household vacuum cleaners market is segmented based on type, end-user, and geography. Based on type, the market is divided into upright vacuums, canister vacuums, and handheld vacuums. Among these, the upright vacuums segment is expected to grow at the highest CAGR during the forecast period. This is due to the growing preference for these vacuums among consumers.
Based on end-user, the market is classified into residential and commercial.

Among these, the residential segment is expected to grow at the highest CAGR during the forecast period. This is due to the growing awareness of the importance of cleanliness and hygiene among people. Based on geography, the market is classified into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Among these, Asia-Pacific is expected to grow at the highest CAGR during the forecast period. This is due to the growing population and the increasing disposable incomes in the region. Some of the major players operating in the global household vacuum cleaners market are Dyson Ltd., Electrolux AB, Bissell Homecare, Inc., Hoover Fence Company, iRobot Corporation, L.G. Electronics, Panasonic Corporation, and Samsung Electronics Co. Ltd.

Household Vacuum Cleaners Market Covid-19 Impact

Covid19 has impacted the household vacuum cleaners market in several ways. Firstly, production has been severely disrupted due to factory closures in China. This has led to a shortage of supply and an increase in prices. Secondly, demand has decreased as consumers have become more cautious about spending. This is particularly true in the U.S., where the pandemic has caused a sharp economic downturn. As a result, the household vacuum cleaners market is expected to decline in 2020. Despite the challenges, there are some opportunities for growth in the household vacuum cleaners market. Firstly, the current health crisis has led to an increase in hygiene awareness, which is likely to boost demand for vacuum cleaners. Secondly, online sales are expected to grow as consumers increasingly turn to online shopping in the current climate. Overall, the Covid19 pandemic will harm the household vacuum cleaners market in 2020. However, some potential growth opportunities could offset some of the losses.

Household Vacuum Cleaners Market Key Industry Developments

The household vacuum cleaners market is expected to grow significantly in the next few years. This is due to the increasing awareness of the importance of cleanliness and hygiene among consumers. Moreover, the growing number of nuclear families and the increasing disposable income drive the market’s growth. Some key industry developments in the household vacuum cleaners market are as follows: 1. In May 2018, L.G. Electronics launched its new CordZero ThinQ vacuum cleaner in the Korean market. This product is equipped with artificial intelligence (A.I.) and can be controlled using a smartphone app.

2. In March 2018, Dyson launched its new Dyson Cyclone V10 cordless vacuum cleaner. This product is equipped with a digital motor that provides powerful suction.

3. In February 2018, Samsung Electronics launched its new POWERbot R7040 vacuum cleaner in the U.S. market. This product is equipped with a powerful suction motor and can be controlled using a smartphone app.

4. In January 2018, Panasonic launched its new Panasonic MC-UL815 vacuum cleaner in the Japanese market. This product is equipped with a powerful suction motor. It can be operated using a smartphone app.

5. In December 2017, Xiaomi launched its new Mi Robot Vacuum-Mop P in the Chinese market. This product is equipped with a powerful suction motor and can be controlled using a smartphone app.

Household Vacuum Cleaners Market Future Outlook

The vacuum cleaners market is expected to grow significantly in the next few years. This is attributed to the growing awareness about the health benefits of using vacuum cleaners. In addition, technological advancements have resulted in the developing of new and innovative products that offer better performance and are more user-friendly. As a result, the demand for vacuum cleaners is expected to rise in the coming years. The global market for vacuum cleaners is highly competitive. The leading players in the market are constantly innovating and introducing new products to gain a competitive edge.

The major players in the market include Dyson, Miele, Bissell, and Electrolux. These players are focusing on expanding their product portfolios and geographical reach to gain a larger market share. The rising awareness about the health benefits of using vacuum cleaners is the major factor driving the market’s growth. Vacuum cleaners help reduce exposure to dust and allergens, which can cause respiratory problems. In addition, vacuum cleaners also help in reducing the risk of asthma and other respiratory diseases.

The growing awareness about these health benefits is expected to fuel the growth of the vacuum cleaners market in the coming years. The advancements in technology have resulted in the development of new and innovative products that offer better performance and are more user-friendly. The new generation of vacuum cleaners is equipped with HEPA filters, dust sensors, and advanced suction power. These features offer better performance and make vacuum cleaners more user-friendly. As a result, the demand for these products will grow in the coming years. The rising disposable income and the changing lifestyle of consumers are some of the other factors expected to drive the vacuum cleaners market growth.

The growing disposable income of consumers is enabling them to spend on premium products that offer better performance and features. In addition, the changing lifestyle of consumers is resulting in the preference for products that offer hassle-free operation. These factors are expected to fuel the market’s growth in the coming years.

By Product· Upright

· Canister

· Central

· Drum

· Wet/dry

· Robotic

· Others

By Type· Corded

· Cordless

By Sales Type· Online

· Offline

Bissell, Inc., Dyson Ltd., Electrolux AB, Haier, Electronics Group Co., Ltd., iRobot Corporation, Koninklijke Philips N.V., LG Electronics, Inc., Miele & Cie. KG, Panasonic Corporation, and Samsung Electronics Co., Ltd.

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