08-03-2018 09:01 AM CET - Business, Economy, Finances, Banking & Insurance

Bagless Vacuum Cleaner Market 2018 Expected huge Growth by 2026 Including Opportunities, Strategies, Suppliers, Consumption, Challenges, Revenue, & Forecast by Application, Technologies and Region – North America, APEJ, MEA, Europe, Japan

Press release from: Fact.MR

Dublin, Ireland, 2018-Aug-03 — FactMR portrays an in-depth and extensive analysis of the bagless vacuum cleaner market in a recently published research report. This report presents impact analysis of various forecast factors expected to impact the revenue growth of the bagless vacuum cleaner market over the period of assessment, 2018 – 2028. This study is an extensive take on the performance of the Bagless Vacuum Cleaner Market and reflects detailed acumen on the drivers fuelling the sales of bagless vacuum cleaners; the different restraining aspects hindering the revenue growth of the bagless vacuum cleaner market; several opportunities that manufacturers of bagless vacuum cleaners can grab across regions; as well as numerous trends that are likely to influence growth of bagless vacuum cleaner market in terms of sales revenue and demand generation.

FactMR leverages a one-of-its-kind research methodology to arrive at key assessments and projections of the bagless vacuum cleaner market. Weighted secondary research is used to assess and study different facets of the bagless vacuum cleaner market and the key market dynamics are inferred based on these aspects. When deducing various metrics such as growth in terms of CAGR, market share and value with respect to US$ Million, volume in terms of absolute units, and an year-on-year growth, various forces influencing the bagless vacuum cleaner market are taken into consideration.

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Busy lifestyle of people has led to the development of quick methods, such as bagless vacuum cleaners, for cleaning household as traditional cleaning not only takes time but also involves physical strain. With their cleaning applications across residential as well as commercial spaces, bagless vacuum cleaners are expected to witness significant surge in demand worldwide. In addition, stringent regulations laid by regulatory bodies, such as OSHA (Occupational Safety and Health Administration) and NFPA (National Fire Protection Association) regarding healthy atmosphere in indoors including home, commercial buildings and public entertainment spaces have led to significant adoption of advanced cleaning systems, consequently providing growth prospects for bagless vacuum cleaners market.

That said, increasing household size and commercial spaces benefitted by introduction of new technologies in the bagless vacuum cleaner space is anticipated to auger well for the bagless vacuum cleaner market during the period of forecast.

A new study by FactMR has revealed the growth prospects and provided an opportunistic scenario for bagless vacuum cleaner market at the global front. The report forecasts that the bagless vacuum cleaner market is projected to rise at a steady CAGR of 4.7% throughout the period of assessment, 2018-2028. In addition, it reveals that the demand for bagless vacuum cleaners in emerging economies of Asia Pacific excluding Japan (APEJ) region is anticipated to spur at a significant rate, making APEJ a highly attractive market for bagless vacuum cleaners with their sales concentrated in the APEJ revenue pockets such as China and India.

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Bagless vacuum cleaner market has witnessed a shift from traditional upright bagless vacuum cleaners to their canister counterparts. In the past, upright bagless vacuum cleaners dominated the bagless vacuum cleaner market as they were the most preferred choice for cleaning mattresses and carpets. However, manufacturers, understanding the cons of upright bagless vacuum cleaners such as increased noise and heavy design that compromises efficiency, have developed canister bagless vacuum cleaners that are more powerful than their upright equivalents, with a lighter design hence easy to maneuver, more silent and come with variety of tools such as crevice nozzle, mechanized brush and upholstery brush to enhance their cleaning efficiency, particularly for thick carpets and rugs. This has impacted the market for upright bagless vacuum cleaners by inducing a slack in their demand. However, with growing sales of canister bagless vacuum cleaners, this slack can be offset, with little negative influence on the growth of the overall bagless vacuum cleaner market.

Bagless Vacuum Cleaner Market: High Initial Cost Confining Sales

With technological advancement favoring convenience and efficiency, comes the pricing aspect that can have an impeding effect on the product’s sales as customer’s purchasing power influences reluctance. Albeit several steps ahead of traditional counterparts, bagless vacuum cleaners come at high initial price. This is expected to inhibit the growth of the bagless vacuum cleaner market by confining sales of the product to a limited class of users. By far, high pricing remains a key growth deterrent for the bagless vacuum cleaners market worldwide.

Table of Contents

Chapter 1 Executive Summary

1.1 Bagless Vacuum Cleaner Market- Opportunity Assessment (US$ Mn)

1.2 Mega Trends

Chapter 2 Global Bagless Vacuum Cleaner Market Overview

2.1 Introduction

2.2 Market Definition

2.3 Scope of the report

Chapter 3 Market Dynamics

3.1. Key Growth Drivers

3.2. Key Growth Trends

3.3. Key Opportunity

3.4. Key Restraints

3.5. Competitive Analysis (Fortune Wheel)

3.6. Global Vacuum Cleaner Market Overview

3.7. Value Chain Analysis and Operating Margins

3.8. Investment Feasibility Matrix

3.9. Five Forces Analysis

3.10. PESTEL Analysis

3.11. Forecast Factors and Relevence of Impact

3.12. Macro-Economic Factors

3.13. Cost Structure

3.14. Region Wise Market Positioning Assessment

3.15. Competition Positionoing Index


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About FactMR

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This release was published on openPR.
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