Press release
Household Vacuum Cleaners Market Key Players by 2024: Dyson, Bissell, Eureka Forbes Ltd, EuroPro, Haier, iRobot, Miele
Global Market Insights
North America household vacuum cleaners market is expected to witness a high growth over the next few years on account of rising time constraints for home-based cleaning along with heath & hygiene awareness among consumers. U.S. is expected to contribute significantly towards the regional share.
Asia Pacific household vacuum cleaners industry share worth USD 3.7 billion in 2015, is expected to grow at a CAGR of 5.2% over the coming eight years, owing to its high demand. India, Japan, and China are predicted to boost the regional revenue.
Market players will try to grow their regional presence and ROI through mergers & acquisitions and product differentiation. They will try to compete in terms of price, product branding, technology, performance, energy consumption and quality. The key industry participants include TTI Floor Care, Oreck, Dyson, Stanley Black & Decker, Panasonic, Samsung, Royal Philips Electronics, Eureka Forbes, Haier Group, iRobot, and LG.
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Household Vacuum Cleaners industry size is expected to grow at a rate of 4.6% over the period of 2016-2024. Changing urban lifestyles and demand for precise & real time technologies will mainly drive the household vacuum cleaners market size over the coming timeframe. Tight schedule and active lifestyle makes time saving mandatory. Dual-earning families and middle income groups will face time-constraints to manage household chores. Therefore, accomplishing everyday domiciliary tasks besides the hectic work schedule will propel household vacuum cleaners industry growth.
Rising living standards and enhanced consumer spending capacity on luxury appliances will further drive household vacuum cleaners industry revenue. Increasing awareness pertaining to time-efficiency, convenience and benefits derived due to vacuum cleaners use is expected to promote household vacuum cleaners market trends over the coming years. Moreover, swift advancements in technology supporting innovations will make it more energy efficient, economical, and user-friendly.
Major household vacuum cleaners comprise Upright, Canister, Central, Drum, Wet/Dry, and Robotic cleaners. Robotic household vacuum cleaners market share will reach USD 3.5 billion by 2024, owing to its innovative features such as acoustic sensors, automated mapping capabilities, self-charging, and sweeping brushes. High demand for mobile support applications is expected to drive its growth over the coming years.
Upright vacuum cleaners led the product landscape, owing to its small size and high performance ratio. It is anticipated to contribute over 25% of the overall household vacuum cleaners industry share by 2024 and will register a CAGR of 3.2% over 2016-2024. The growth can be attributed to major features such as small size with high suction capabilities and large cleaning surface area which adds to its high performance.
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Partial Chapter of the Table of Content
Chapter 3. Household Vacuum Cleaners Industry Insights
3.1. Industry segmentation
3.2. Industry size, and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distribution channel analysis
3.4. Price trend, by product
3.4.1. Cordless/Stick
3.4.2. Upright
3.4.3. Canister
3.4.4. Central
3.4.5. Drum
3.4.6. Wet/Dry
3.4.7. Robotic
3.5. Technology & innovation landscape
3.5.1. Robotic vacuum cleaners
3.5.2. HEPA filtration
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. EU
3.6.3. China
3.7. Consumer preference insights
3.8. Industry impact forces
3.8.1. Growth drivers
3.8.1.1. Rapid urbanization
3.8.1.2. Product availability and aftersales service
3.8.1.3. Increasing demand for stick & robotic vacuum cleaners
3.8.2. Industry pitfalls & challenges
3.8.2.1. Battery issues
3.8.2.2. Power consumption
3.9. Growth potential analysis
3.9.1. Business models
3.10. Porter's analysis
3.11. Company market share analysis, 2015
3.11.1. Strategy dashboard
3.11.2. Europe company market share analysis, 2015
3.11.2.1. Major trends and outlook
3.11.3. North America company market share analysis, 2015
3.11.3.1. Major trends and outlook
3.12. PESTEL analysis
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
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