Press release
Household Vacuum Cleaners Market to reach USD 25.80 Bn by 2029, Technological Advancements and Growth Opportunities
Pune 02, May 2023: Household Vacuum Cleaners Market is expected to grow at a CAGR of 5.95 percent during the forecast period. Global Household Vacuum Cleaners Market is expected to reach from USD 16.25 Bn in 2021 to USD 25.80 Bn by 2029.Household Vacuum Cleaners Market Report Scope and Research Methodology
Vacuum cleaners are electrical appliances that use an air pump to suck up dirt and dust from floors and other surfaces. The major driving factor of the global household vacuum cleaners market is improved living standards, concerns towards hygiene & cleanliness, rising trend for dual-income families, and limited time for domestic chores. Additionally, economies of scale reduce selling prices and boost market growth. However, rising energy consumption and the price of electricity are expected to hinder household vacuum cleaners industry growth over the forecast period. The failure of household vacuum cleaners devices to efficiently clean complex structures is also likely to restrain growth. Moreover, the challenges of the global household vacuum cleaners market include increasing competition from alternative technology products like floor scrubbers and polishers.
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The report aims to present a comprehensive analysis of the Global Household Vacuum Cleaners Market, including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report, with the analysis of complicated data in simple language. The report covers all aspects of the industry, with a dedicated study of key players that includes market leaders, followers, and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External, as well as internal factors that are supposed to affect the business positively or negatively, have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
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Industrial Manipulator Market Dynamics
The report highlights the major driving factors of the global household vacuum cleaners market, including improved living standards, concerns towards hygiene & cleanliness, rising trend for dual-income families, and limited time for domestic chores. Additionally, economies of scale reduce selling prices and boost market growth. However, rising energy consumption and the price of electricity are expected to hinder household vacuum cleaners industry growth over the forecast period. The failure of household vacuum cleaners devices to efficiently clean complex structures is also likely to restrain growth. Moreover, the challenges of the global household vacuum cleaners market include increasing competition from alternative technology products like floor scrubbers and polishers.
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The COVID-19 pandemic led to the global operations coming to a halt, which had a significant impact on the industrial manipulator market. The lockdown implemented by governments across the globe disrupted industrial operations, and the majority of the workforce stayed at home.
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Industrial Manipulator Market Regional Insights
The North American region held the largest market share accounting for 32 percent in 2021 due to the increase in the number of infrastructure and development projects in this region. The Asia Pacific region is expected to witness significant growth at a CAGR of 6 percent through the forecast period. The major driving factor in this region is industrialization and real estate expansion.
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Household Vacuum Cleaners Market Regional Insights
Region-wise, the Asia Pacific household vacuum cleaners market is expected to witness growth on account of increasing health awareness and a rise in disposable income. Also, the North America vacuum cleaners market is expected to grow at a significant rate because of the popularity of bag-less and multi-surface products. Europe's household vacuum cleaners market is estimated to witness growth due to decreasing lifetime of products and increasing new as well as replacement demand.
Industrial Manipulator Market Segmentation
By type:
Pneumatic
Electronic
Hydraulic
By application:
Automotive
Manufacturing
Transport and logistics
Others
Industrial Manipulator Market Key Competitors include:
Positech
Indiava
ATIS Srl
Movomech
Zasche Handling
Dalmec
ASE Systems
GCI
Givens Engineering
Ergonomic Partners
Unidex
Manibo
Ergoflex
Vinca
Automech Systems
Table of Content for Industrial Manipulator Market
Global Industrial Manipulator Market: Research Methodology
Global Industrial Manipulator Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Industrial Manipulator Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Industrial Manipulator Market Segmentation
Global Market, by type (2021-2029)
Global Market, by application (2021-2029)
Regional Industrial Manipulator Market (2021-2029)
Regional Market, by type (2021-2029)
Regional Market, by application (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Types:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by type, application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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