Vacuum Cleaner Market Key Drivers, Size, Trends, Growth, Outlook 2024-2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Vacuum Cleaner Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The vacuum cleaner market size has grown strongly in recent years. It will grow from $9.67 billion in 2023 to $10.48 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to rise in dual-income households, improving living standards, growing awareness of allergen awareness, health and hygiene, changing lifestyles..

The vacuum cleaner market size is expected to see strong growth in the next few years. It will grow to $14.65 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to growing demand for smart home integration, health and air quality concerns, hepa and advanced filtration, rental and subscription services, e-commerce growth.. Major trends in the forecast period include robotics and ai, sustainability and eco-friendly models, cordless and lightweight designs, collaborative cleaning, vacuum cleaners with uv light sanitization..

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Market Segmentation:
The vacuum cleaner market covered in this report is segmented -

1) By Product: Canister, Central, Drum, Robotic, Upright, Wet and Dry, Other Products
2) By Application: Industrial, Residential, Commercial
3) By Distribution Channel: Online, Offline

Major Driver - Rising Disposable Income Fuels Growth In The Vacuum Cleaner Market
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.

Competitive Landscape:
Major companies operating in the vacuum cleaner market include 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, Stanley Black & Decker Inc, American Vacuum Company, Debus GmbH, Ghibli & Wirbel SpA, Pullman-Ermator, Goodway Technologies, VAC-U-MAX, CS Unitec Inc., SharkNinja, TTI Floor Care, SEB Group, Eureka Forbes, Numatic International, Quirepace Limited, Delfin Industrial Vacuums, Hoover Commercial, Polivac International Pty. Ltd.

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Top Trend - Technological Advancements Drive Innovation In The Vacuum Cleaner Market
Technological advancement is the key trend gaining popularity in the vacuum cleaner market. Major companies operating in the vacuum cleaner market are focused on developing technologically advanced products to strengthen their market position. For instance, in March 2022, Creative Newtech Ltd., an India-based company operating in the designing and developing of cleaning equipment, launched Dustor, a next-gen robotic vacuum cleaner with light detection and ranging (LIDAR) technology. The Dustor is a next-generation robotic vacuum cleaner that is capable of tracing the smallest particles of dust where human eyes cannot see them, cleaning surroundings with the intervention of humans, and crossing obstacles while cleaning.

The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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