Global Household Vacuum Cleaners Market 2024 Key Information by Top Key Players TTI, iRobot, Dyson, Bissel, and Electrolux, LG, Haier, Miele

Household vacuum cleaners market, a highly pivotal vertical of the overall electronics and home appliances sphere, has been on a roll lately, owing to the rising demand for these equipment across the expanding residential construction sector. Household vacuum cleaners market is characterized by a plethora of contributions from leading industry players. In a bid to sustain its position and expand its customer pool, Dyson Australia's eBay store recently put up an exclusive offer on the 26th of September, where the company advertised that it is selling the Dyson V6 Fluffy Cordless Vacuum for a mere $299 after cutting off a mammoth 56% from the original price. With a retail price of $649, the vacuum cleaner is up for grabs at the slashed price until the midnight of September 30. Along similar lines, budget supermarket chain Aldi has also recently taken to launching consumer electronic goods that are easy on the pocket. The company recently launched a brand new range of household devices, inclusive of a dynamic cordless stick vacuum cleaner for a mere $99. As per customer reviews, the vacuum is able to comfortably clean laminate floor boards and tiles and is even great for touch up cleans.

MarketStudyReport.com Adds New Household Vacuum Cleaners Market 2016 – 2024 research report providing information and data By Product, Industry Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast spreading across 134 Pages with table and figures in it.

Household vacuum cleaners market size will surpass USD 17.5 billion by 2024, as per a recent Global Market Insights research report. Global shipments are estimated to cross 130 million units by 2024, with increase at over 3.0% CAGR.

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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.

Intense competitive scenario will compel players to invest heavily in R&D to gain competitive edge. Industry participants are focusing to reduce overall cost as price remains a key influencing factor in the buying decision.
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.

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.

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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.

Government mandates for the usage of eco design and energy labeling products affects the manufacturing process. For instance, the EU banned vacuum cleaner product with power over 1600W from being sold in the member countries. This limit will be reduced to 900W from September 2017. In addition, the U.S. government under EPA and NHPA regulates the technical specifications for vacuum cleaners to prevent any damage due to the electrical motor used. From 2014, the specifications stated in EU eco design and energy labeling regulations must be met by the manufacturers for manufacturing and trading in the European Union.

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.

Table of Content:
Chapter 1. Methodology and 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

Outer scope of this report Enumerating the extent of technological advancements in household vacuum cleaners market is the fact that recently, iRobot, the Massachusetts-based company renowned for manufacturing floor-cleaning robots since 2002, launched the latest version of the series. Christened i7, it’s a Roomba that is designed to even remember the layout of your home. Consumers are supposed to instruct the device to leave its base, clean a particular room, and then empty itself back at the dock. A vacuum that can empty itself is certainly a revolutionary device, the trend of which is now commonplace in household vacuum cleaners market.

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