Press release
Elevated Disposable Incomes Are Driving The Market Growth: Critical Driver Shaping the Cordless Vacuum Cleaners Market in 2025
Cordless Vacuum Cleaners
How Large Will the Cordless Vacuum Cleaners Market Size By 2025?
The market for cordless vacuum cleaners has starkly expanded in the past years. The market value is projected to escalate from $8.12 billion in 2024 to $8.63 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 6.3%. Factors that contributed to the historical growth include the impact of the pandemic, a competitive business environment, an increase in disposable income, marketing and branding initiatives, user convenience, and urbanization alongside space limitations.
How Big Is the Cordless Vacuum Cleaners Market Size Expected to Grow by 2029?
The market for cordless vacuum cleaners is projected to experience robust expansion in the coming years. The market value is anticipated to reach $11.29 billion by 2029, with a compound annual growth rate (CAGR) of 6.9%. The predicted growth during the forecasted timeline is due to their multi-functionality, compactness, modular design, improved filtration systems, and the introduction of smart features and wireless charging technology. The significant trends expected for this period involve advancements in battery technology, enhanced suction capacity, the ability to clean various surfaces, reduction in size and weight, and the incorporation of HEPA filtration systems.
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Which Key Market Drivers Powering Cordless Vacuum Cleaners Market Expansion and Growth?
The escalation in disposable income along with heightened consumer knowledge about health and sanitation among city dwellers is fueling the expansion of the cordless vacuum cleaners market. The growing income brackets of the public are allowing them to invest more in health-conscious and cleanliness products. For illustration, the Bureau of Economic Analysis, a US-based governmental organization, reported in June 2022 that personal income had seen an increase of $113.4 billion, or 0.5 percent, on a monthly basis in May 2022. There was also a rise in disposable personal income (DPI) by $96.5 billion (0.5%). Furthermore, the increasing understanding and appreciation of the advantages of vacuum cleaners, such as portable convenience and time-saving elements, are propelling the demand for cordless vacuum cleaners on a global scale. Consequently, this results in a boost in the earnings of the cordless vacuum cleaners market.
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Which Fast-Growing Trends Are Poised to Disrupt the Cordless Vacuum Cleaners Market?
Leading companies are progressively concentrating on creating technologically superior products to satisfy consumer needs. They are putting more emphasis on manufacturing the next-generation cordless vacuum cleaners embedded with intelligent technology to enhance user experience and simplify the cleaning process. Moreover, the creation of advanced vacuum cleaners equipped with battery sensing, floor-sensing, and filter-sensing technologies is a dominant trend in the market for cordless vacuum cleaners. For example, Samsung, an electronics company based in South Korea, introduced its High-performance premium Jet Cordless Stick Vacuum Cleaners in India in May 2022. These vacuum cleaners can effectively trap 99.999% of fine dust and allergens. They are powered by a robust digital inverter motor that leverages ultrasonic welded airfoil blades for peak efficiency. The Samsung Jet comes with an array of highly effective motorized brushes, providing versatile cleaning options to suit different consumer lifestyles, cleaning preferences, and floor surfaces.
What Are the Emerging Segments in the Cordless Vacuum Cleaners Market?
The cordless vacuum cleaners market covered in this report is segmented -
1) By Product Type: Handheld , Canister, Upright, Stick, Other Product Types
2) By Distribution Channel: Offline, Online
3) By Application: Household, Commercial
Subsegments:
1) By Handheld: Mini Handheld Vacuum Cleaners, High-Power Handheld Vacuum Cleaners
2) By Canister: Bagged Canister Vacuum Cleaners, Bagless Canister Vacuum Cleaners
3) By Upright: Traditional Upright Vacuum Cleaners, Compact Upright Vacuum Cleaners
4) By Stick: Lightweight Stick Vacuum Cleaners, Multifunctional Stick Vacuum Cleaners
5) By Other Product Types: Robotic Cordless Vacuum Cleaners, Wet And Dry Cordless Vacuum Cleaners
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Who Are the Global Leaders in the Cordless Vacuum Cleaners Market?
Major companies operating in the cordless vacuum cleaners market include Samsung Electronics Co. Ltd., Robert Bosch GmbH, Panasonic Corporation, Midea Group Co. Ltd., Haier Group Corporation, Xiaomi Inc., LG Corporation, Koninklijke Philips N.V., Stanley Black & Decker Inc., AB Electrolux, Dyson Ltd., Makita Corporation, Brigii Tech Co. Ltd., SharkNinja Operating LLC, TTI Floor Care North America, Beko plc, BISSELL Homecare Inc., Taurus Group BV, Oreck Corporation, Miele & Cie. KG, iRobot Corporation, Kent RO Systems Ltd., Glen Dimplex Home Appliance Ltd., Hoover Inc., Neato Robotics Inc., Suzhou Puppy Pet Products Co. Ltd., Grey Technology Ltd.
Which are the Top Profitable Regional Markets for the Cordless Vacuum Cleaners Industry?
Asia-Pacific was the largest region in the cordless vacuum cleaners market share in 2024. Western Europe was the second-largest region in the global cordless vacuum cleaners market. The regions covered in the cordless vacuum cleaners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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