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Household Vacuum Cleaners Market Is Booming Worldwide by 2026 | Dyson, Electrolux, Eureka Forbes Ltd, Haier, LG Corp., Miele, Nilfisk, Panasonic, Philips, Samsung Electronics and Stanley Black & Decker, Inc.

Household Vacuum Cleaners Market Is Booming Worldwide by 2026 |

Characterized by heavy consolidation, household vacuum cleaners market boasts of a limited number of players accounting for a major portion of the revenue share. This business space is heavily consumer-driven, given the upgraded lifestyles of consumers and their increasing disposable incomes. With changing consumer preferences toward high performance, excellent quality, cost-effective products, manufacturers have been vying with one another to develop the best possible cleaners. Product differentiation is, in fact, one of prime strategies adopted by major companies, which integrate cleaners with superior upgradations such as bag-less technology, robotic mechanisms, HEPA filtration technique, and cyclonic technology, thereby providing an impetus to global household vacuum cleaners industry share, slated to grow at a CAGR of 4.5% over 2016-2024. Major corporations accumulating a significant share of this business space include Miele, Bissell, Dyson, Electrolux, Oreck, Hoover (TTI), Haier, and LG.

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The United States, being one of the frontrunners of high-grade technology deployment, stands to accumulate a significant chunk of global household vacuum cleaners market, given that consumers across this belt have adopted a hygienic but sedentary lifestyle that demands the utilization of superior domestic products. On these grounds, U.S. household vacuum cleaners industry is predicted to grow at a rate of more than 4% over 2016-2024. The region is perceived to be one of the major growth grounds for North America household vacuum cleaners market.

Having reached the pinnacle of technological advancements, North America is predicted to strongly establish its position in global household vacuum cleaners market. The region is home to the major players of this business space, and serves to be an opportunistic ground for their R&D activities and product development. With regards to this, it would not be wrong to state that innovative products such as cordless cleaners, robotic cleaners, etc., serve to majorly impact this regional landscape. As per statistics, cordless products accounted for more than 9% of the overall household vacuum cleaners industry share in 2015, and is slated to carve a lucrative growth path in the years ahead.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Bissell Inc
2. Dyson
3. Electrolux
4. Eureka Forbes Ltd
5. Europro
6. Haier
7. Hoover
8. IROBOT CORPORATION
9. LG Corp.
10. Miele
11. Nilfisk
12. Oreck Corporation
13. Panasonic
14. Philips
15. Samsung Electronics
16. Shark
17. Stanley Black & Decker, Inc.
18. TTI Floor Care
19. Vax Ltd

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/709

With the competitive landscape of household vacuum cleaners market defined by fierce competition, it is no novelty that new entrants find it arduous to penetrate the business sphere. The established players have already made it big across the globe and in the process, have posed heavy threats to new companies planning to attain a share of household vacuum cleaners industry. Experts cite that to firmly consolidate their position, SMBs will have to adopt tried-and-tested growth tactics in addition to investing in R&D activities and deploying technological advancements in their products.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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