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Household Type Vacuum Cleaners Market Outlook - Estimated Market Size And Growth Rate
Household Type Vacuum Cleaners
The Business Research Company's Household Type Vacuum Cleaners Global Market Report 2023 identifies Urbanization as the major driver for the Household Type Vacuum Cleaners market's growth in the forecast period. Rapid Urbanization Is Expected To Contribute To The Growth Of Household Type Vacuum Cleaners In The Forecast Period. For Instance, In April 2022, According To The World Economic Forum, A Switzerland-Based Independent International Organization, More Than 4.3 Billion People, Or 55% Of The World's Population, Lived In Urban Settings, And The Number Is Expected To Rise To 80% By 2050. The Growth In The Urban Population, Coupled With The Rise In Disposable Incomes And Affordability Among Residents Of Cities, Will Drive The Demand For Household Type Vacuum Cleaners.
The household type vacuum cleaners market size has grown strongly in recent years. It will grow from $48.25 billion in 2023 to $52 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to changing lifestyles, marketing and advertising, urbanization and smaller living spaces, rising disposable incomes, increasing awareness and importance of cleanliness and hygiene among consumers.
The household type vacuum cleaners market size is expected to see strong growth in the next few years. It will grow to $67.46 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
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Major competitors in the Household Type Vacuum Cleaners market are AB Electrolux, Miele & Cie. KG, Samsung Electronics Co. Ltd., Dyson Ltd., Bissell Inc., iRobot Corporation, Panasonic Corporation, Koninklijke Philips N.V.
A key trend in the Household Type Vacuum Cleaners market includes technological advancement. Household Type Vacuum Cleaners manufacturers are increasingly producing energy-efficient products to reduce carbon footprints and enable energy savings for consumers. The rise of energy-efficient appliances can be attributed to stringent government regulations on electric home appliances and advances in technology. Energy-efficient appliances are designed to utilize the minimum amount of energy to complete the required task. Currently, over 80 countries have standards and labels for energy-efficient appliances. For example, in the USA, Energy Star-certified washing machines use 25% less energy and 33% less water than a standard washing machine.
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The Household Type Vacuum Cleaners market is segmented -
• By Type of Product: Upright, Canister, Central, Robotic, Drum, Wet/Dry, Other Products
• By Mode of Sale: Offline, Online
• By Type of Use: Floor Vacuum Cleaner, Window Vacuum Cleaner, Pool Vacuum Cleaner
• By Operation Mode: Self-Drive, Remote Control
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Household Type Vacuum Cleaners market.
The Business Research Company's "Global Household Type Vacuum Cleaners Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Household Type Vacuum Cleaners Market Include:
1. Household Type Vacuum Cleaners Market Executive Summary
2. Household Type Vacuum Cleaners Market Segments
3. Household Type Vacuum Cleaners Market Size And Household Type Vacuum Cleaners Market Growth Rate
4. Key Household Type Vacuum Cleaners Market Trends
5. Major Household Type Vacuum Cleaners Market Drivers
……
25. Key Mergers And Acquisitions In The Household Type Vacuum Cleaners Market
26. Top Household Type Vacuum Cleaners Companies
27. Household Type Vacuum Cleaners Market Opportunities And Strategies
28. Household Type Vacuum Cleaners Market, Conclusions And Recommendations
29. Appendix
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