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Vacuum Cleaner Market Poised For Continuous CAGR Growth From 2023 To 2032 Worldwide - Haier Group Corp., Electrolux AB, Samsung Electronics Co. Ltd., LG Electroncis Inc., Dyson Ltd

Vacuum Cleaner Market

Vacuum Cleaner Market

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Vacuum Cleaner Market Size, Growth Rate, And Forecast

The global vacuum cleaner market size grew from $8.96 billion in 2022 to $9.99 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The vacuum cleaner market size is expected to grow to $14.62 billion in 2027 at a CAGR of 10.0%.

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Vacuum Cleaner Market Drivers

Increasing disposable income is expected to propel the growth of the vacuum cleaner market going forward. The income available to be spent after deduction of taxes and social security charges is called disposable income. Increasing disposable income and lifestyle changes have fueled the market for vacuum cleaners steadily in the past few years. People are shifting towards electronic gadgets to make their lives easier and faster due to their changing lifestyles and increasing disposable income, which allows them to save more money and spend more money on products or gadgets to make their lives more comfortable. For instance, according to the U.S. Bureau of Economic Analysis (BEA), the official website of the United States government, in 2022, the personal disposable income of an American citizen has increased by 0.4% and spending has increased by 0.9% monthly. Therefore, the increasing disposable income is driving the demand for the vacuum cleaner market.

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Vacuum Cleaner Market Segments

• By Product: Canister, Central, Drum, Robotic, Upright, Wet and Dry, Other Products

• By Application: Industrial, Residential, Commercial

• By Distribution Channel: Online, Offline

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the vacuum cleaner market.

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Vacuum Cleaner Market Key Players
Major competitors in the vacuum cleaner market are Haier Group Corp., Electrolux AB, Samsung Electronics Co. Ltd., LG Electroncis Inc., Dyson Ltd., iRobot Corporation, Bissell Inc., Koninklijke Philips N.V., Panasonic Corporation, Techtronic Industries, Miele & Cie. KG, Oreck Corporation, EXAIR Corporation, Josef Kränzle GmbH & Co. KG.

The Business Research Company's "Global Vacuum Cleaner Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Vacuum Cleaner Market Include:
1. Executive Summary
2. Vacuum Cleaner Market Characteristics
3. Vacuum Cleaner Market Trends And Strategies
4. Vacuum Cleaner Market - Macro Economic Scenario
5. Vacuum Cleaner Market Size And Growth
………………
27. Vacuum Cleaner Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vacuum Cleaner Market
29. Vacuum Cleaner Market Future Outlook and Potential Analysis
30. Appendix

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