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Household Type Vacuum Cleaners Market Segments 2024-2033 | Size, Share And Insights
Household Type Vacuum Cleaners Market Segments
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According to The Business Research Company's, 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%. The growth in the forecast period can be attributed to smart home integration, environmental concerns, health and allergen control, aging population, compact living. Major trends in the forecast period include cordless and battery-powered vacuums, robotic vacuum cleaners, hepa and advanced filtration, multi-surface cleaning, improved design and aesthetics.
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Market Drivers and Trends:
The rise in awareness of hygiene contributed to the growth of the household vacuum cleaners market in the forecast period. There has been an increase in pathogens and infectious diseases. This has led to increasing awareness of the importance of maintaining hygiene in care, nursing, and residential areas, which in turn has driven the market for household vacuum cleaners. According to a poll conducted by Hygiene Company SCA in the UK, 47% of people spend more than five hours a week on domestic cleaning tasks. An increase in awareness of hygiene coupled with the rise in disposable income is driving the growth of the household vacuum cleaners market for household vacuum cleaners.
Household vacuum cleaner manufacturers are increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient appliances can be attributed to the stringent government regulations on electric home appliances and advances in technology. Energy-efficient vacuum cleaners are designed to utilize minimum energy to complete the required task. Currently, over 80 countries have standards and labels for energy-efficient appliances. For example, European Commission- 'Eco design requirements for Vacuum Cleaners' contains eco-design requirements for several types of vacuum cleaners.
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Major Key Players of the Market:
AB Electrolux, Miele & Cie. KG, Samsung Electronics Co. Ltd, Dyson Ltd., Bissell Inc., iRobot Corporation, Panasonic Corporation, Koninklijke Philips N.V., Haier Group Corporation, LG Electronics, Nilfisk, Robert Bosch GmbH, Groupe SEB, Oreck, Hoover Ltd., Sanitaire, Rubbermaid, Numatic, Karcher, Midea Group Co. Ltd., Goodway, Fimap, Columbus, Truvox International, Pacvac, Shark (SharkNinja), Stanley Black & Decker, Dirt Devil (TTI Floor Care North America), Eureka Floorcare, Filter Queen, General Electric, Kenmore, The Kirby Company, Tineco, Riccar, Rowenta, Simplicity, Vorwerk, Xiaomi Corporation, Zanussi (Zanussi Group), Zelmer
Household Type Vacuum Cleaners Market 2024 Key Insights:
• 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%.
• Growing Hygiene Awareness And Concerns Drive Household Vacuum Cleaners Market Growth
• Energy-Efficiency Takes Center Stage As Household Vacuum Cleaner Manufacturers Embrace Eco-Friendly Practices
• Asia-Pacific was the largest region in the household vacuum cleaner market in 2023
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