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Household Vacuum Cleaners Market is Expected to Reach $16,657 Million by 2022, Growing at a 4.7% CAGR

03-24-2020 11:35 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Household Vacuum Cleaners Market

Household Vacuum Cleaners Market

The demand for household vacuum cleaners is on a continuous rise since the past few years, owing to health and cleanliness concerns among urban households. Manufacturing companies have improvised on their product offerings due to environmental concerns and demand for more technologically advanced automated products by consumers in the market.

Household vacuum cleaners market is projected to reach $16,657 million by 2022. at a CAGR of 4.7%. Upright vacuum cleaners segment is estimated to dominate this market during the analysis period. Asia-Pacific accounted for more than one-third of the market in 2015 and would maintain its dominance throughout the forecast period.

At present, Asia-Pacific leads the household vacuum cleaners market, followed by Europe and North America. LAMEA is also expected to grow at a steady rate in the future. The growth in the household vacuum cleaners market is largely driven by the high purchasing parity in developing countries, preference for automated & less time-consuming cleaning options, and portability. The market is anticipated to grow for innovative robotic cleaners as they have minimum environmental and health hazards and they possess a high penetration in developing markets. Rise in awareness about a dust-free environment and the need for cleaning convenience result in rise in demand for vacuum cleaners.

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A wide range of household vacuum cleaners are available in the market, offering cost-saving cleaning solutions. Upright cleaners are most popular vacuum cleaners in the Asian market as they have high suction power and are suitable for big houses. Canister and stick vacuum cleaners are also popular, as they are capable for suction of tiny dust particles and pet hairs. Nowadays, vacuum cleaners are equipped with suction pipes that have small openings for pet hair cleaning, stacked on carpets.

The household vacuum cleaners market is segmented based on product type, mode of sale, and geography. It is analyzed across four regions, namely, North America, Europe, Asia-Pacific, and LAMEA, along with their prominent countries. Based on product type, the market is segmented into upright, canister, central, drum, wet/dry, robotic, and others. These vacuum cleaners are used for household cleaning purposes. Upright cleaners dominated the market with 30% market share in 2015. The robotics sector is expected to grow at a highest CAGR during the forecast period, owing to the rapidly increasing demand for automation by tech-savvy consumers.

Based on geography, Asia-Pacific is projected to dominate the market, due to rise in consumer preference to switch from conventional cleaning techniques to automated cleaning solutions. Rise in disposable income and growth in awareness about the benefits of vacuum cleaners are other factors that contribute to the market growth.

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Increase in health concerns and rise in awareness have augmented the demand for vacuum cleaners, thus resulting in the rise of demand for different types of vacuum cleaners. Canister cleaners are among the most common vacuum cleaners preferred by consumers.

The key players in the household vacuum cleaners market focus on expanding their business operations in the fast-growing emerging countries with new product launch as their preferred strategy. The major players profiled in this report include AB Electrolux, Haier Group Corp., LG Electronics, Inc., Miele & Cie. KG, Samsung Electronics Co., Ltd., Dyson Ltd., Bissell Inc., iRobot Corporation, Panasonic Corporation, and Koninklijke Philips N.V.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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