Press release
Household Vacuum Cleaners Market Detail Analysis focusing on Key Players like iRobot Corporation, Hoover, Haier Group,TTI, iRobot, Dyson, Bissel,LG, Miele,EuroPro, & More
Household Vacuum Cleaners
Household vacuum cleaners market size will surpass USD 17.5 billion by 2024. Growing urbanization across the globe has led to increased requirements for appliances that are characterized with time saving and ease of home cleaning. Sustainable life style, changing consumption pattern and increasing expenditure on household appliances are major drivers for the household vacuum cleaner market size. The technological advancements to improve efficiency and provide healthy environment will support industry growth. The associated battery issues with newer technologies may restrain household vacuum cleaners market demand.
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Technological advancements have led to products that are incorporated with smart technologies such as HEPA filters, UV sterilization, security cameras, etc. Robotic vacuum cleaners market is set to grow considerably, with products being developed by leading companies that utilize intelligent programming and other sophisticated components. It provides scheduling of cleaning with mobile application. Developments in new energy saving technologies, touch screen, voice recognition may enhance customer experience.
Upright household vacuum cleaners market share is expected to register gains at around 4% CAGR. Initial introduction of the product, featuring robustness and affordable costs are the key factors expected to fuel the segment growth. Canister household vacuum cleaners market size dominated the industry accounting for over 40% of the business revenue. Relatively lower costs, ease of usability and availability are the prominent factors influencing the high consumer adoption.
Increasing infrastructural and development activities in Mexico will present opportunistic landscape for the household vacuum cleaners market share, with gains at over 5% till 2024. Improving living standards in China, India, and Mexico have led to increased investments which further supports household vacuum cleaners market growth. Moreover, presence of major industry participants in these regions will enhance aftersales service capabilities.
Key participants in the industry include TTI, iRobot, Dyson, Bissel, and Electrolux. Other major participants include LG, Haier, Miele, etc. The household vacuum cleaners market is characterized with innovative product development and mergers & acquisitions.
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Growing means of retailing channels, which include mail, telephone, catalogs, brick and mortar stores, websites, and social networking have led to increased consumer accesses to these products. Partnership establishments between manufacturers and these distribution channels will help the household vacuum cleaners market to gain high penetration over the forecast timeframe.
Household Vacuum Cleaners Market by Product:
Cordless/Stick, Upright, Canister, Central, Drum, Wet/Dry, Robotic.
Table Of content:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Household Vacuum Cleaners Industry Insights
Chapter 4 Household Vacuum Cleaners Market, By Product
Chapter 5 Household Vacuum Cleaners Market, By Region
Chapter 6 Company Profiles
More Details on this Report: https://bit.ly/2MwZeM9
Related Report:
United States Household Vacuum Cleaners Market Report 2018
In this report, the United States Household Vacuum Cleaners market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
https://www.marketstudyreport.com/reports/united-states-household-vacuum-cleaners-market-report-2018/?utm_source=RR-PSR
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