Global Household Vacuum Cleaners Market Report 2022 to 2031 – Featuring Bissell, Dyson, Electrolux, Haier and iRobot aAmong Others – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Household Vacuum Cleaners Market by Product, by Type, by Sales Type, and Region: Global Opportunity Analysis and Industry Forecast, 2022-2031” report has been added to ResearchAndMarkets.com’s offering.
The global household vacuum cleaners market was valued at $15,313.3 million in 2020 and is estimated to reach $29,133.8 million by 2031, registering a CAGR of 6.1% from 2022 to 2031.
Companies Mentioned
- 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
- Samsung Electronics Co., Ltd.
Household vacuum cleaners are electrical appliances utilized to clean floors and carpets using suction. Vacuum cleaners are available in different sizes and models, including handheld devices, battery-powered, central vacuum cleaners, and others. The household vacuum cleaners market is a part of the household appliances industry, which is growing steadily owing to the increase in purchasing power, rise in health & hygiene concerns, and growth in working population.
The market is driven by high disposable income, better infrastructural facilities, and rise in demand for automated & less time-consuming cleaning solutions. Increase in urban population and improved standards of living in developing economies supplement the market growth. Increase in tech-savvy population and innovation in conventional household vacuum cleaners is expected to boost the demand for energy-efficient products in the market. Vacuum cleaners help improve efficiency and are eco-friendly in nature, thus preventing dust allergies in asthma patients. However, low awareness in remote areas and high energy consumption inhibit the growth of the market. Manufacturers have developed small handheld and robotic cleaners to tackle this situation.
Lockdown practices during the COVID-19 pandemic impelled people to stay at their home and work from their homes, which majorly influenced the growth of the household vacuum cleaner market in 2020. Vacuum cleaners were majorly purchased in homes to gain high comfort in regular cleaning activities.
According to the household vacuum cleaners market analysis, the household vacuum cleaners market is segmented into product, type, sales type, and region. By product, the market is categorized into upright, canister, central, drum, wet/dry, robotic, and others. By Type, it is bifurcated into corded and cordless. By sales channel, it is segregated into online and offline. By Region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Netherlands, Spain, Russia and Rest of Europe), Asia-Pacific (China, Australia, Japan, South Korea, India and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, South Africa, Saudi Arabia and Rest of LAMEA).
EU regulation that 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 a significant number of market players have resulted in reduction of prices 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 major players operating in the market are 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.
Key Benefits
- The study provides an in-depth analysis of the global household vacuum cleaners market with current trends and future estimations to elucidate the imminent investment pockets in the market
- The report provides information regarding drivers, restraints, and opportunities with impact analysis
- A quantitative analysis from 2020 to 2031 is provided to showcase the financial competency of the market
- Porter’s five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain
- Competitive intelligence highlights business practices followed by leading market players across various regions
Key Market Segments
By Product
- Upright
- Canister
- Central
- Drum
- Wet/dry
- Robotic
- Others
By Type
- Corded
- Cordless
By Sales Type
- Online
- Offline
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Netherlands
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Australia
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
For more information about this report visit https://www.researchandmarkets.com/r/nz1q1n
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