Press release
Household Vacuum Cleaners Market Reflect Impressive Growth Rate To During 2031
Transparency Market Research delivers key insights on the global household vacuum cleaners market. In terms of revenue, the global household vacuum cleaners market is estimated to expand at a CAGR of 4.6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global household vacuum cleaners market.The demand for household electronic products increased at a noteworthy pace with the COVID-19 pandemic hitting the global market, and the majority population quarantining at home. This also included vacuum cleaners. The demand for household vacuum cleaners over the years increased due to significant growth in the number of households, subsequently spurring disposable income across the globe that resulted in increased sales of the product. Technology advancements in household vacuum cleaning machines is likely to generate potential growth opportunities in the upcoming years.
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Household Vacuum Cleaners Market: Key Segments
Based on the product, the stick household vacuum cleaners segment is likely to be the most popular in the household vacuum cleaners market during the forecast period. Stick household vacuum cleaners are expected to become popular for their ability to offer reliable cleaning outcomes, and also due to rising popularity of cordless stick vacuum cleaners. The cordless stick vacuum cleaners offer ease of cleaning without being straggled to power plugs. However, the battery life and the need of recharging the batteries frequently might hinder its growth temporarily.
In the near future, advancements leading to increased efficiency of batteries coupled with expanding usage of li-ion batteries are likely to overcome the restraining factor of battery life longevity.
Based on filter, bagless household vacuum cleaners, which account for largest share of the overall market, are expected to dominate the global household vacuum cleaners market during the forecast period. The growth of bagless household vacuum cleaners can be attributed to their ability to prevent the trapped germs from coming out in the air. Furthermore, they are relatively more cost-effective, easy, and hassle-free to use. Their ability to provide better performance in a cost-effective manner in comparison with household vacuum cleaners with bag is anticipated to boost the demand for bagless household vacuum cleaners during the forecast period.
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Household Vacuum Cleaners Market: Prominent Regions
Based on region, Asia Pacific held maximum share of the global household vacuum cleaners market in 2020. During the forecast period, the region is likely to dominate the market due to increasing usage of household vacuum cleaners that are being widely used for precision cleaning predominantly across all major economies in the region, including China, India, Australia, South Korea, and Japan, where household vacuum cleaners have become a staple need of households.
Furthermore, the market in Asia Pacific is also expected to expand at the highest CAGR and become an upcoming market for sales of smart robot household vacuum cleaners. The Asia Pacific household vacuum cleaners market is predicted to grow at an exponential rate due to the rising number of operations and production companies in the region. The growth is expected to continue at a fast rate due to the region's large potential and customer base. Furthermore, market players in the region such as Philips, Electrolux, Dyson, and Panasonic Corporation are making significant investments, which will boost the demand for household vacuum cleaners during the forecast period.
As compared to other regions, the household vacuum cleaners market in Middle East & Africa and South America is expected to witness slower growth rate during the forecast period.
Household Vacuum Cleaners Market: Key Players
Key players operating in the global household vacuum cleaners market are AB Electrolux, Bissell Inc., Dyson Ltd, Haier Group Corp., iRobot Corporation, Koninklijke Philips, N.V., LG Electronics, Inc., Panasonic Corporation, Samsung Electronics Co., Ltd., Techtronic Industries, etc.
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Global Household Vacuum Cleaners Market: Segmentation
Household Vacuum Cleaners Market, by Product
• Handheld
• Canister
• Upright
• Stick
• Autonomous/Robot
Household Vacuum Cleaners Market, by Filter
• With Bag
• Bagless
Household Vacuum Cleaners Market, by Type
• Wired
• Wireless
Household Vacuum Cleaners Market, by Pricing
• Low
• Medium
• High
Household Vacuum Cleaners Market, by Distribution Channel
• Online
o Company Owned Website
o E-commerce Website
• Offline
o Multi-Brand Store
o Flagship Store
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