Vacuum Cleaner Market was worth US$ 12.02 Bn in 2022 and total revenue is expected to grow at a rate of 9.6% CAGR from 2023 to 2029, reaching almost US$ 22.84 Bn in 2029.
Vacuum Cleaner Market Overview:
The Maximize Market Research report analyses the global Vacuum Cleaner Market in depth, precisely, and comprehensively, with a focus on market dynamics, market competition, regional growth, segment analysis, and important growth strategies. The analysis contains information on market growth as well as market segmentation like regions, product type, application, and end-use industry. Analyst creates comprehensive and precise marketing research reports using the most up-to-date Vacuum Cleaner Market research techniques and technology. This analysis covers a wide range of industry verticals along with a thorough examination of the Vacuum Cleaner market size and share.
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Vacuum Cleaner Market Scope:
The report goes over demand estimates, market trends, and micro and macro variables in great detail. This study also highlights the elements that are driving and impeding the market’s growth. The MMR Matrix in the study gives information on prospective investment opportunities to both existing and new market participants. To provide market insights, the research use analytical approaches such as Porter’s five forces analysis and PESTLE of the Vacuum Cleaner market. The research also looks at current market trends and forecasts for the years 2021-2027. The study also uncovered important impending advancements that would have an impact on demand over the anticipated timeframe.
Vacuum Cleaner Market Segmentation:
The market is divided into Handheld, Canister, Upright, Stick, and Autonomous/Robot segments based on the kind of product. The demand for robotics is probably going to increase throughout the next years. New cleaning requirements and demands have emerged in response to the COVID-19 pandemic, especially in hospitals, to free up the human workforce for other activities. Such expectations have led to the adoption of robotic or autonomous vacuum cleaners in the corporate sector. Features like automated charging, the smart home movement, and voice-activated instructions from digital voice assistants like Google Assistant and Amazon Alexa draw in residential clients and end users.
The market is divided into two sub-sectors based on end use: household and commercial. In 2022, the household vacuum cleaner market share will be 48%, making it the leading segment. Rising consumer awareness of hygiene, the introduction of energy-efficient appliances, rising living standards, and rising income levels. Low-income households are being encouraged to buy vacuum cleaners by raising knowledge of the benefits of using them. The commercial segment is expected to develop somewhat over the projected timeframe.
The WFH model has been applied in several places, resulting in people being confined to their homes and requiring prompt administration of daily regular tasks. This has increased consumer demand for home products, especially cleaning supplies. The need to keep homes free of illness and the growing prevalence of allergies and asthma in residential settings are expected to drive up demand for household vacuum cleaners. The market for household applications is also expanding due to the increasing availability of better systems that can efficiently capture even the smallest of impurities.
Vacuum Cleaner Market Size and Forecast, by Product type (2022-2029)
1. Green Vacuum Cleaner
2. Stick
3. Canister
4. Upright
5. Autonomous/Robot
Vacuum Cleaner Market Size and Forecast, by End Use type (2022-2029)
1. Commercial
2. Household
Vacuum Cleaner Market Size and Forecast, by Distribution Channel (2022-2029)
3. Online
3. Offline
Vacuum Cleaner Market Size and Forecast, by Application (2022-2029)
1. Industrial
2. Residential
3. Commercial
Vacuum Cleaner Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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Vacuum Cleaner Market Key Players
1.Haier Group Corp.
2.AB Electrolux
3.Samsung Electronics Co., Ltd.
4.LG Electroncis, Inc.
5.Dyson Ltd.
6.iRobot Corporation
7.Bissell Inc.
8.Koninklijke Philips
9.Panasonic Corporation
10.Techtronic Industries.
11.Miele & Cie. KG,
12.Dyson Ltd.
13.Eureka Forbes Ltd.
14.EXAIR Corporation
15.Josef Kränzle GmbH & Co. KG
16.Sibilia
17.American Vacuum Company
18.Debus GmbH
19.Ghibli & Wirbel SpA
20.Pullman-Ermator
21.Goodway
22.VAC-U-MAX
23.CS Unitec Inc.,
24.Oreck Corporation
25. Stanley Black & Decker Inc
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Vacuum Cleaner Market Regional Analysis:
Readers will be well-informed on the Vacuum Cleaner market on a regional level thanks to the reports’ regional insights. A meaningful assessment of potential policy options in response market changes across the globe, requires a thorough understanding of local energy, economic, political, and geographic characteristics. The research provides readers with regional insights that ensure the effects on Vacuum Cleaner market and local growth prospects, as well as domestic area restraints.
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
COVID-19 Impact Analysis on Vacuum Cleaner Market:
The impact of COVID-19 on the Vacuum Cleaner market is exhaustively examined in the research. As a result of the COVID-19 pandemic, analyst at Maximize Market Research, who are following the situation across the globe, believe that the market is expected to provide profitable opportunities for producers. The report’s purpose is to provide a more comprehensive view of the current situation, the economic downturn, and the influence of COVID-19 on the whole Vacuum Cleaner market.
Key Questions Answered:
- This report presents analytical depiction of the global Vacuum Cleaner market trade at the side of these trends and future estimations to work out the upcoming investment pockets.
- The report presents information associated with key drivers, restraints, and opportunities at the side of elaborated analysis of the Vacuum Cleaner market share.
- The current market is quantitatively analysed from 2021 to 2027 to spotlight the world Vacuum Cleaner market growth.
- Porter’s 5 forces analysis demonstrates the efficiency of consumers & suppliers within the market.
- Who Are the Global Key Players in This Vacuum Cleaner Market? What are their Company Profile, Their Product Information, and Contact Information?
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