Press release
Household Vacuum Cleaners Market to hit $17.5bn by 2024: Market Size Forecasters
The market research report Household Vacuum Cleaners Market Research Report 2024 (North America, Europe, Asia-Pacific, South America, Middle East and Africa)’ aims to offer insights into new business opportunities for companies active in Household Vacuum Cleaners Market as well as for those players that are aiming to get an entry into the industry.Household vacuum cleaners market size will surpass USD 17.5 billion by 2024, as per a recent Market Size Forecasters research report. Global shipments are estimated tcross 130 million units by 2024, with increase at over 3.0% CAGR.
Growing urbanization across the globe has led tincreased requirements for appliances that are characterized with time saving and ease of home cleaning. Sustainable life style, changing consumption pattern and increasing expenditure on household appliances are major drivers for the household vacuum cleaner market size. The technological advancements timprove efficiency and provide healthy environment will support industry growth. The associated battery issues with newer technologies may restrain household vacuum cleaners market demand.
Request a sample copy of Household Vacuum Cleaners Market Research Report @ https://marketsizeforecasters.com/get-sample/18710
Government mandates for the usage of ecdesign and energy labeling products affects the manufacturing process. For instance, the EU banned vacuum cleaner product with power over 1600W from being sold in the member countries. This limit will be reduced t900W from September 2017. In addition, the U.S. government under EPA and NHPA regulates the technical specifications for vacuum cleaners tprevent any damage due tthe electrical motor used. From 2014, the specifications stated in EU ecdesign and energy labeling regulations must be met by the manufacturers for manufacturing and trading in the European Union.
Technological advancements have led tproducts that are incorporated with smart technologies such as HEPA filters, UV sterilization, security cameras, etc. Robotic vacuum cleaners market is set tgrow considerably, with products being developed by leading companies that utilize intelligent programming and other sophisticated components. It provides scheduling of cleaning with mobile application. Developments in new energy saving technologies, touch screen, voice recognition may enhance customer experience.
Upright household vacuum cleaners market share is expected tregister gains at around 4% CAGR. Initial introduction of the product, featuring robustness and affordable costs are the key factors expected tfuel the segment growth. Canister household vacuum cleaners market size dominated the industry accounting for over 40% of the business revenue. Relatively lower costs, ease of usability and availability are the prominent factors influencing the high consumer adoption.
Increasing infrastructural and development activities in Mexicwill present opportunistic landscape for the household vacuum cleaners market share, with gains at over 5% till 2024. Improving living standards in China, India, and Mexichave led tincreased investments which further supports household vacuum cleaners market growth. Moreover, presence of major industry participants in these regions will enhance aftersales service capabilities.
The listed pricing for this Household Vacuum Cleaners Market report starts at $ 4500. Request Discount for Household Vacuum Cleaners Market Research Report @ https://marketsizeforecasters.com/enquire-for-discount/18710
Household vacuum cleaners market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million and volume in million units from 2013 t2024, for the following segments: Household Vacuum Cleaners Market by Product
Cordless/Stick
Upright
Canister
Central
Drum
Wet/Dry
Robotic
The above information is provided on a regional basis for the following:
North America
U.S.
Canada
Europe
Germany
UK
Asia Pacific
China
India
Japan
Latin America
Brazil
Browse full table of contents and data tables For Household Vacuum Cleaners Market Report @ https://marketsizeforecasters.com/household-vacuum-cleaners-market
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MarketSizeForecasters.com, a Skyline Market Research LLP brand, is an online aggregator of market research reports. MarketSizeForecasters.com offers a comprehensive collection of full length reports on global and regional markets in 100+ industry verticals. We have partnered with some of the leading business and market research publishing houses and regularly update our online library toffer wide range of reports tour customers.
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