In 2014, the global market for household vacuum cleaners was worth USD 11.2 billion. Over the forecast period, demand will be driven by improved living standards and increased awareness of hygiene and cleanliness. Over the next seven year, industry growth will be supported by technological developments that reduce operational time and use of energy. The market for household vacuum cleaners may be benefited by government initiatives to improve hygiene and cleanliness.
Europe's household vacuum cleaners market share, product wise, 2012-2022 (USD Million).
Industry demand is expected to rise due to the rising trend of dual-income families and a limited amount of time for domestic chores. The forecast period will see an increase in demand due to a growing technically-sound population, especially in Asia Pacific. Due to increased competition, there are many players offering low product differentiation. This has resulted in lower prices for the lower middle class.
Over the forecast period, household vacuum cleaners industry growth will be limited by rising energy consumption and high prices of electricity. These devices' inability to clean complex structures efficiently is expected to limit growth over the next seven year.
You can segment the industry based on product type into central, robotic, drum and upright vacuum cleaners. The central products are simpler to use and produce less noise. They require professional installation and take up a lot of space. Handheld products can be used for quick cleaning and have a smaller power and capacity than full-sized models. They can also use a rechargeable battery.
Robotic vacuum cleaners can be more expensive than other products. They are fully automated and do not require manual guidance. Many innovative features make cleaning easy, such as sweeping brushes and acoustic sensors. The forecast period will see a limited supply of residential cleaning activities. Security features are included in robotic cleaners to notify people of an intrusion or fire. This segment is forecast to grow at 11.4% CAGR over the forecast period.
The Asia Pacific household vacuum cleaners market will grow due to rising disposable income and increasing awareness. Revenue growth is expected to be positively impacted by rising standard of living in India, China and Japan. The Clean India Initiative, an initiative of the Indian government, is expected to increase regional industry demand.
The popularity of multi-surface and bag-less vacuum cleaners in North America is expected to drive the market. This region was responsible for more than 25% of overall revenue share in 2014. It is projected to grow at a CAGR 4.5% during the forecast period. Regional growth may be hindered by low consumer confidence and a depressed housing market.
Europe's household vacuum cleaners market is expected to grow due to a decreasing product life span and an increase in new as well as substitute demand. European Union's efforts to reduce energy consumption may make energy efficiency a key component.
Electrolux Group is a major vacuum cleaner manufacturer. Other notable vendors include LG Corporation and iRobot Corporation.
Electrolux launched UltraOne Quattro in August 2014. It is a grade AAAA according to EU energy labeling. To expand its product range, TTI purchased Oreck Corporation in July 2013. It offers products under a variety of brands such as Vax, Dirt Devil, Hoover and Oreck. Eureka Forbes Ltd sells products under two brands, Forbes and Euroclean.
Roomba 980 was launched by iRobot Corporation in September 2015. It features iAdapt 2.0 navigation technology and vSLAM technology to create visual landmarks on its map. AeroForce cleaning system, self charging, and app-based support.
Up Market Research published a new report titled “Household Vacuum Cleaners Market research report which is segmented by Product (Canister, Wet/dry, Upright, Drum, Robotic, Central), By Players/Companies Eureka Forbes Ltd, iRobot Corporation, Bissell Inc, Dyson Ltd, Haier Group Other prominent vendors include LG Corporation, Electrolux Group, Stanley Black & Decker, Samsung, Oreck Corporation, Royal Philips Electronics, Panasonic Corporation, TTI Floor Care, Miele”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Household Vacuum Cleaners Market Research Report |
By Product | Canister, Wet/dry, Upright, Drum, Robotic, Central |
By Companies | Eureka Forbes Ltd, iRobot Corporation, Bissell Inc, Dyson Ltd, Haier Group Other prominent vendors include LG Corporation, Electrolux Group, Stanley Black & Decker, Samsung, Oreck Corporation, Royal Philips Electronics, Panasonic Corporation, TTI Floor Care, Miele |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 242 |
Number of Tables & Figures | 170 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product (Canister, Wet/dry, Upright, Drum, Robotic, Central).
Household Vacuum Cleaners Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Household Vacuum Cleaners Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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