Press release
Robotics Technology to Foster Growth for Household Vacuum Cleaners - Fact.MR Study
Bagless Vacuum Cleaner Market
The report offers actionable and valuable market insights of Household Vacuum Cleaners. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Household Vacuum Cleaners Market across various industries and regions.
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As per Fact.MR’s recent report, sales of Household Vacuum Cleaners are likely to touch US$ 14.5 Bn by 2021, further expected to accelerate at a robust 8% CAGR across the 2021-2031 assessment period. Overall, the market is poised to more than double in the aforementioned timeframe, with robotic cleaners to hold nearly 30% of total revenue.
This newly published and insightful report sheds light on Market Insights of Household Vacuum Cleaners, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Household Vacuum Cleaners Market.
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 Household Vacuum Cleaners have been focusing on developing efficient systems that facilitate powerful cleaning and hygienic dust and dirt disposal.
A new research report by Fact.MR reveals the growth prospects of the Household Vacuum Cleaners market at the global front. The report foretells that the bagless vacuum cleaner market is expected to rise at a steady pace throughout the period of forecast, 2018-2028, with sales of Household Vacuum Cleaners to cross US$ 20 billion by end of the year of assessment (2028). The report reflects optimistic growth path for Household Vacuum Cleaners across regions in the globe and manufacturers can expect a volley of prospects during the review period.
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Key Segments Covered
Product Type
Handheld Household Vacuum Cleaners
Canister Household Vacuum Cleaners
Upright Household Vacuum Cleaners
Stick Household Vacuum Cleaners
Robotic Household Vacuum Cleaners
Power Type
Cord-powered Household Vacuum Cleaners
Cordless Household Vacuum Cleaners
Price Range
Less than US$100
US$ 100- US$ 200
US$ 200- US$ 400
Above US$ 400
End Use
Residential Household Vacuum Cleaners
Household Vacuum Cleaners for Theatres
Household Vacuum Cleaners for Resorts
Household Vacuum Cleaners for Hospitals
Household Vacuum Cleaners for Restaurants
Household Vacuum Cleaners for Industrial Use
Distribution Channel
Offline Bagless Vacuum Cleaner Sales
Online Bagless Vacuum Cleaner Sales
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Competitive Landscape
Prominent manufacturers of Household Vacuum Cleaners have assumed sustainability as their cornerstone for introducing new product lines. In addition, players are reliant on other expansion strategies, including capacity enhancement via mergers, acquisitions and partnerships. Some key developments in the bagless vacuum cleaner landscape are as follows:
In October 2020, Electrolux AB began developing a vacuum cleaner made from 100% recycled and reused material. These majorly include discarded plastics and components from consumer electronic products, such as hairdryers and computers. For this, the company has partnered with Stena Recycling in its Circular Initiative
In September 2021, Eureka Forbes Limited announced the conclusion of a definitive agreement with Shapoorji Pallonji Group and Advent International wherein the latter two will acquire a controlling stake in the former, at an enterprise value worth ? 4,400 crores (US$ 594 million). The transaction is likely to aid the company expand its water purification, vacuum cleaning and other emerging categories
Key Takeaways from the Market Study
Household sector expected to possess over 45% market share for Household Vacuum Cleaners.
Cordless vacuum cleaners to account for more than 2 out of 5 sales through 2031
Nearly 3/10th of global revenue to be spearheaded by robotic Household Vacuum Cleaners
Europe is expected to generate more than a third of global bagless vacuum cleaner revenue
Asia expected to possess around 45% market share for Household Vacuum Cleaners.
“Advancement in technology along with increasing importance towards keeping indoor environment clean is boosting sales of Household Vacuum Cleaners,” states a Fact.MR analyst.
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Key Question answered in the survey of Household Vacuum Cleaners market report:
Sales and Demand of Household Vacuum Cleaners
Growth of Household Vacuum Cleaners Market
Market Analysis of Household Vacuum Cleaners
Market Insights of Household Vacuum Cleaners
Key Drivers Impacting the Household Vacuum Cleaners market
Which are the Key drivers impacted by Household Vacuum Cleaners market
Restraints Shaping Market Growth
Market Survey of Household Vacuum Cleaners
More Valuable Insights on Household Vacuum Cleaners Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Household Vacuum Cleaners, Sales and Demand of Household Vacuum Cleaners, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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