Global Household Vacuum Cleaners Market Growth and Demand Forecast to 2024 | Top Key players - Oreck Corporation, Stanley Black & Decker, Inc., LG Electronics, Panasonic Asia Pacific, Electrolux, Philips, Haier, iRobot, Techtronic Industries – TTI, Dyso

The household vacuum cleaners market is growing, due to the increasing concerns of consumers towards hygiene, advent of advanced and efficient appliances, upsurge in consumer living standards, escalating income levels, and the widespread trend of keeping multiple vacuum cleaners in a household.

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The enhancement within the efficiency of the vacuum cleaners is expected to provide ample growth opportunities, for the household vacuum cleaners market, in the coming years. The increasing awareness about advantages of vacuum cleaners usage is also encouraging the low-income households, to purchase vacuum cleaners.

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Asia-Pacific leads the household vacuum cleaners market, and is expected to retain its dominance, during the forecast period. The consumers in developed markets, such as North America are replacing their conventional vacuum cleaners, with energy efficient and eco-friendly vacuum cleaners, which, in turn is supporting the growth of the household vacuum cleaners market in the region. The Middle East and Latin America household vacuum cleaners market is also expected to grow, at an exponential rate, in the coming years due to increasing per capita income, in these regions.

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The household vacuum cleaners utilize an air pump for creating limited amount of vacuum to extract dirt and dust from draperies, upholstery, and floors. The vacuum pump contains a cyclone or dustbag, which has the capacity to store significant amount of dust, collect it and dispose, after the cleaning process.

The demand of vacuum cleaners using high efficiency particulate air filtration technology is increasing at a fast pace, in the developed markets. This is mostly due to the inability of the vacuum cleaners using standard filters to trap fine particles, such as pollen and pet dander, and also the dust and dirt spread in the air. On the other hand, vacuum cleaners using high efficiency particulate air filtration technology provide compact cleaning solutions, to avoid allergens from infecting lungs. According to World Health Organization, more than 250 million people suffer from asthma, and their number is expected to increase, in the coming years. Increasing electricity prices are one of the major restraints, for the household vacuum cleaners market.

Report Coverage
• Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
• Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
• Uncovers potential demands in the market
• Porter analysis identifies competitive forces within the market
• Provides information on the historical and current market size and the future potential of the market
• Provides sizes of key regional markets using yardsticks of processes, segments, products, end user and technology, etc (as applicable)
• Highlights the competitive scenario of the market, major competitors, market share, benchmarking, investments and merger acquisitions
• Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market

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