Vacuum Cleaner Market 2022: Segmentation Analysis and Forecast to 2030

Description
The global vacuum cleaner market size was valued at USD 5,399.4 million in 2020 to USD 7,019.6 million by 2027, at a CAGR of 3.82% from 2021 to 2027. Growing urban population in key developing nations, improved household facilities, and rising awareness towards cleanliness and hygiene worldwide are factors pushing this market. Additionally, the market growth is driven by the garage & storage management system for effective usage of the space, especially in North America and the European region. The cost efficiency, product safety, high accessibility to the corners & smaller areas, and growing automation in-household for the cleaning purpose have a
impact on the demand for vacuum cleaners market during the forecasted period.

The vacuum cleaner market is witnessing strong growth across regions due to rising working population class, clubbed with better purchasing power, and vacuum ccleaners'ease of operations are anticipated to drive the demand for household vacuum cleaners further globally.

The surge in rivalry due to the presence of key players with a shallow degree of product differentiation will eventually result in reduced prices. The product differentiations and frequent offers on the vacuum cleaners stay dynamic in this competitive market, a significant driver for the key market players. These players have adopted exhaustive distribution channels to garner maximum penetration across the globe. The offline & particularly online sales channels are tapped by these players to enhance the market reach. Increasing retailing channels, including mail, telephone, catalogs, stores, websites, and social networking, has increased consumer access to these products. Partnership establishments between manufacturers and these distribution channels have helped the vacuum ccleaners'market to gain high penetration over the last few years. The effective post-sales service is differentiating critical players in this competition. Manufacturing companies are working on offering better products to address environmental concerns. Limited levels of awareness in remote areas and high energy consumption are the factors that limit the market growth.

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Global Vacuum Cleaner Market Dynamics
Drivers: Growing demand for sustainable vacuum cleaners with digital features
Customer dynamics are evolving, and new technologies are being developed. Cleaning is becoming smarter as smart apps and robotic technology are used to extract additional value from data generated by various industry verticals. Companies are working on developing sustainable products with reduced emissions and noise and digitally upgraded items. Furthermore, numerous prominent firms have produced items such as steam cleaners that would be used to disinfect surroundings to profit from the sales potential during the epidemic. Companies were able to improve their revenues thanks to the launch of these products.

Challenges: High price of the vacuum cleaners
The global mmarket'sgrowth is likely to be hampered by the high cost of wet vacuum cleaners and an increase in the number of counterfeit products. In addition, increased energy usage and electricity prices are predicted to hamper the iindustry'sgrowth over the forecast period. Furthermore, the inability of these devices to clean complicated structures efficiently is expected to limit growth over the next seven years.

Scope of the Report
The study categorizes the vacuum cleaner market based on product type, length, capacity, function, distribution channel, end user, and regions.

By Product Type Outlook (Volume, Thousand Units, Revenue, USD Million, 2017-2027)
Central Vacuum
Garage Vacuum
By Length Outlook (Volume, Thousand Units, Revenue, USD Million, 2017-2027)
0-30 ft
30-50 ft
50+ft
By Capacity Outlook (Volume, Thousand Units, Revenue, USD Million, 2017-2027)
0-1 Gallon
1 - 2 Gallon
2 - 5 Gallon
5+ Gallon
By Function Outlook (Volume, Thousand Units, Revenue, USD Million, 2017-2027)
With Blower
Without Blower
By Distribution Channel Outlook (Volume, Thousand Units, Revenue, USD Million, 2017-2027)
Online
Independent Retailers
Dependent Retailers
Offline
Supermarket & Hypermarket
Standalone Stores
Resellers
Independent Retailers
Others
By End User Outlook (Volume, Thousand Units, Revenue, USD Million, 2017-2027)
Residential
Commercial
Corporate Offices
Educational Sites
Industrial
By Region Outlook (Volume, Thousand Units, Revenue, USD Million, 2017-2027)
North America (US, Canada, Mexico)
South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)
30-50 Ft, by Length, is estimated to be the fastest-growing segment during the forecast period
Based on the length, the global vacuum cleaner market has been segmented into 0-30 ft, 30-50 ft, and 50+ft. In 2020, 30-50Ft accounted for the fastest growing segment with a CAGR of 4.18% during the forecast period.

The length of a vacuum cleaner decides its accessibility from a distance. The vacuum cleaners Upto 50 Ft length are mainly used to reach more spaces until the length permits them. These vacuum cleaners Upto 50 Ft are useful while cleaning your garage space, outdoor space, as they can reach there. The cord length may become an advantage as well as a disadvantage at the same time. The advantage is that it can reach far. However, they are challenging to handle.

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Asia Pacific accounts for the highest CAGR during the forecast period in the vacuum cleaner market
Based on region, the global vacuum cleaner market has been segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific accounted for a revenue share in terms of value was 20.5% in 2020 and is estimated to grow at a CAGR of 4.43% in the global vacuum cleaner market from 2021 to 2027. The Asia-Pacific vacuum cleaner market is analyzed across Japan, China, India, Australia, and the rest of Asia Pacific. Asia's Vacuum Cleaner Market is booming and growing positively during the forecasted period. Growth in consumer spending, coupled with the increasing number of households, will help in sales. The Asia Pacific accounted to have a prominent growth in Vacuum Cleaner Market. Countries with a huge population such as China and India are adding to the growth of the Vacuum Cleaner market in the Asia Pacific. Moreover, countries in Asia such as India, Japan, China, and Australia are lucrative markets, and many multinational firms are entering these countries. Also, the market is driven by government proposals to improve public facilities, infrastructures, changing lifestyles & are providing a considerable push to the demand for vacuum cleaners to replace manual cleaning.

In this region, these vacuum cleaners have become a major segment of the small household appliances industry, and are growing progressively due to rising disposable income, increasing awareness about indoor health and hygiene, and growth in the female working population. As these countries are varied in nature and consumer behavior in countries like India differs by each region and city, companies are investing in the vacuum cleaner market to address end user needs in a customized manner. The sale of vacuum cleaners is perceiving speedy progress on account of their extreme ease of use. In addition, given the technology required for such vacuum cleaning features, the price of robotic vacuum cleaners is expected to drop during the forecasted period in this region.

Key Market Players
The global vacuum cleaner market is fragmented into a few significant players include Electrolux Group, Panasonic Corporation, Stanley Black & Decker, Dyson Ltd., Haier Group, Eureka Forbes Ltd, LG Corporation, Oreck Corporation, Whirlpool, Royal Philips Electronics, InterVac Design Corp., Bissell, , and Samsung.

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Recent Developments
In April 2018, BISSELL Inc. announced the acquisition of North America-based commercial cleaning equipment provider Sanitaire.
In February 2017, AB Electrolux announced the acquisition of US-based company, "nova"
In August 2018, AB Electrolux announced the launch of a new cordless vacuum cleaner, "ure F9"
In March 2018, AB Electrolux announced the launch of new robotic vacuum cleaners "ure i9" "in the US. The company used technology it acquired from "nova"
Key Issues Addressed
What is the market size by various segmentation of the vacuum cleaner by region and its respective countries?
What are the customer buying behavior, key takeaways, and PPorter's5 forces of the vacuum cleaner market?
What are the key opportunities and trends for manufacturers involved in the vacuum cleaner supply chain?
What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
What and how are regulations, schemes, patents, and policies impacting the growth of the market?
What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
The market player positioning, top winning strategies by years, company product developments, and launches will be?
How has COVID-19 impacted the demand and sales of vacuum cleaners in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.

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What is the market size of the vacuum cleaner worldwide?The global vacuum cleaner market was valued at USD 5,399.4 million in 2020 to USD 7019.60 million by 2027.What is the vacuum cleaner market growth?The global vacuum cleaner market is expected to register a CAGR of 3.82%, during the forecast period 2021-2027.Which region accounted for the largest vacuum cleaner market share?In 2020, North America is accounted for the highest market share of 39.78% in the global vacuum cleaner market and was anticipated to maintain its dominance throughout the forecast period, followed by Europe and Asia Pacific.Which region accounted for the fastest growing region in the market of vacuum cleaner?Asia Pacific is the fastest growing region with a CAGR of 4.43% in the market of vleaner, during the forecast period, 2021-2027.Who are the key players in the vacuum cleaner market?The global vacuum cleaner market is fragmented into a few major players include Electrolux Group, Panasonic Corporation, Stanley Black & Decker, Dyson Ltd., Haier Group, Eureka Forbes Ltd, LG Corporation, Oreck Corporation, Wirlpool, Royal Philips Electronics, InterVac Design Corp., Bissell, , and Samsung.

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