Vacuum Cleaner Market - Analysis Showcases Growth Trends and Opportunity until 2028 || Key Players - Electrolux AB, TTI Floor Care, Panasonic Corporation, Haier Group, Eureka Forbes

A new study by Fact.MR has revealed the growth prospects and provided an opportunistic scenario for 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.

Growing preference for quick and efficient cleaning solutions is expected to auger well for the bagless vacuum cleaner market, given the higher customer inclination towards convenient household cleaning options. Furthermore, considering the existing challenges associated with bagless vacuum cleaner including unhygienic removal of dust and exposure to allergens causing respiratory problems to people suffering from asthma and sorts of diseases, manufacturers of bagless vacuum cleaners have been focusing on developing efficient systems that facilitate powerful cleaning and hygienic dust and dirt disposal.

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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.

In the era of automation, another autonomous product is no big deal as bagless vacuum cleaners go robotic. New age technological advancements have led manufacturers of bagless vacuum cleaners to develop advanced versions of their products that can carry out operations without human intervention, making tasks more convenient and simpler for users of bagless vacuum cleaners. Robotic bagless vacuum cleaners are expected to witness a meteoric demand, which has pushed their market to new heights, as a consequence supporting the growth of the bagless vacuum cleaners market. Robotic bagless vacuum cleaners come with unique characteristic features that distinguish them from traditional bagless vacuum cleaners. For instance, the multi-floor mop robotic cleaner is developed to carry out cleaning and mopping – a simultaneously performed dual operation by this robotic bagless vacuum cleaner.

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Given the high traction received by robotic bagless vacuum cleaners, manufacturers have come up with robotic bagless vacuum cleaners intended to perform specific tasks such as cleaning pet hair along with other debris, dirt and fluff accumulated on floor. The iRobot 564 is one such robotic bagless vacuum cleaner developed for homes with pets that carries out aforementioned tasks with higher precision and efficiency.

In addition, another factor influencing the demand and sales of robotic vacuum cleaner is the application of smartphones. Robotic bagless vacuum cleaners have been designed that can be monitored using smartphone technology. iRobot Corporation has introduced Roomba 980 that combines visual localization and adaptive navigation with a cloud connected application control of ease of operation. Integration of smartphone technologies and cloud in robotic bagless vacuum cleaners can enable remote start and stop function as well as plan new cleaning schedules without the user’s physical presence. This aspect is expected to increase the demand and sales of robotic bagless vacuum cleaners, in turn fuelling the growth of the bagless vacuum cleaner market during the period of forecast.

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.

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.

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