Analysis of Key Market Segments Influencing the Cordless Vacuum Cleaners Industry

The cordless vacuum cleaners market is set to experience significant growth over the coming years, driven by technological innovations and evolving consumer preferences. As demand for more efficient and convenient cleaning solutions rises, this segment is poised for promising expansion. Let's explore the current market size projections, key players, emerging trends, and segmentation details shaping this dynamic industry.

Forecasted Growth and Market Size of the Cordless Vacuum Cleaners Industry
The cordless vacuum cleaners market is anticipated to reach a valuation of $11.94 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.7%. This upward trajectory is supported by ongoing improvements in battery technology, notably increased energy density and reduced costs of battery packs. Furthermore, stricter regulations related to indoor air quality and allergen control are also propelling market expansion. The rise of direct-to-consumer and omnichannel retail models, along with the growth of aftermarket and subscription-based services, are creating new opportunities. Additional contributing factors include a stronger emphasis on product repairability and extending device lifespans. Key trends that will influence this market include the adoption of lightweight, ergonomic designs, enhanced filtration systems focused on allergy relief, subscription and rental business approaches, noise reduction technologies, and the use of durable, long-lasting components.

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Leading Market Players Making an Impact in the Cordless Vacuum Cleaners Sector
Several prominent companies currently dominate the cordless vacuum cleaner landscape. These 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., and Grey Technology Ltd.

In a notable development in January 2023, UK-based RKW Ltd. acquired the Goblin brand from Glen Electric Limited. Goblin is a well-established UK household appliances brand known primarily for vacuum cleaners and small domestic appliances. Through this acquisition, RKW aims to leverage Goblin's trusted reputation to broaden its product range in vacuum cleaners and small appliances, reinforce its brand heritage, and stimulate growth through innovation and new home and garden products.

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Emerging Trends Positively Influencing Cordless Vacuum Cleaner Market Growth
Manufacturers in the cordless vacuum cleaner industry are actively introducing new products to attract a wider customer base and boost sales. A significant trend is the development of wet-and-dry cordless vacuum cleaners that offer versatile cleaning for both dry dirt and wet spills. For example, in September 2023, Dyson introduced the Dyson V15s Detect Submarine, the first all-in-one wet-and-dry cordless vacuum cleaner. This innovative product features a motorized microfiber roller designed to pick up spills, stains, and debris effectively, while a separate plate collects dirty water from the wet roller and deposits it into a dedicated waste-water tray for easy disposal.

The Dyson Submarine's wet roller head includes power diversion and mode recognition technology to prevent water from entering the motor. It also uses illumination to enhance cleaning on hard floors, detangles debris, and provides a thorough clean. By combining hydration, absorption, and extraction methods, this vacuum gives hard surfaces a clean finish without over-wetting them, showcasing advanced cleaning capabilities tailored for modern households.

Segmentation Breakdown of the Cordless Vacuum Cleaners Market
The cordless vacuum cleaners market is categorized into several segments to better understand consumer preferences and product types:

By Product Type:
- Handheld
- Canister
- Upright
- Stick
- Other Product Types

By Distribution Channel:
- Offline
- Online

By Application:
- Household
- Commercial

Further subcategories include:

For Handheld:
- Mini Handheld Vacuum Cleaners
- High-Power Handheld Vacuum Cleaners

For Canister:
- Bagged Canister Vacuum Cleaners
- Bagless Canister Vacuum Cleaners

For Upright:
- Traditional Upright Vacuum Cleaners
- Compact Upright Vacuum Cleaners

For Stick:
- Lightweight Stick Vacuum Cleaners
- Multifunctional Stick Vacuum Cleaners

For Other Product Types:
- Robotic Cordless Vacuum Cleaners
- Wet and Dry Cordless Vacuum Cleaners

This detailed segmentation allows manufacturers and retailers to cater to various consumer needs by offering tailored cordless vacuum cleaner solutions across multiple categories.

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This release was published on openPR.