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 Vacuum Cleaner Market study is based on thorough research, qualitative and quantitative assessment by industry experts, and inputs from professionals in the field and supply chain players. The research examines parent market trends, macroeconomic data, and controlling variables in-depth, as well as market attractiveness by segment. The qualitative influence of key market variables on market segments and regions is also mapped out in the study.
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Vacuum Cleaner Market Scope:
This Vacuum Cleaner market review examines the latest developments, regulatory frameworks, trade analysis, business model, supply chain utilization, market dominance, the impact of residential and localized market participants, assessments possibilities in terms of evolving revenue spots, shifts in market regulations, tactical industry growth analysis, sales volume, categorical market growth, implementation niches and dominance, product releases, global coverage, and, product launches. Contact Stellar Market Research for an Analyst Brief to learn more about the Vacuum Cleaner market. Our staff will assist you in making an educated market decision to achieve market growth.
Vacuum Cleaner Market Segmentation
The market is divided into Handheld, Canister, Upright, Stick, and Autonomous/Robot segments based on the kind of product. Demand for robotics is anticipated to increase over 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.
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:
To extend their presence in emerging nations and eventually broaden their client base, the key players in the market are embracing different growth tactics such as agreements and strategic alliances, as well as new product debuts. The following are some of the major participants in the Vacuum Cleaner market:
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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Regional Analysis:
Individual market affecting elements and changes in market legislation that affect present and future marketing strategies are also discussed in the country-focused discussion of the Vacuum Cleaner market study. Some of the primary elements utilized to anticipate the market situation for particular nations are consumer volumes, processing facilities, and inventories, shipping analysis, price predictive modeling, price of raw materials, and upstream and downstream value chain analysis. While offering forecast analysis of the national data, the existence and affordability of global brands, as well as the obstacles they face due to significant or limited rivalry from local and domestic manufacturers, the influence of local tariffs, and shipping lanes are all taken into account.
COVID-19 Impact Analysis on Vacuum Cleaner Market:
The COVID-19 outbreak resulted in a severe and prolonged decline in production efficiency, while travel bans and factory closures kept people away from their businesses, leading the Vacuum Cleaner market to slow in 2020. The new research features pandemic's impact on the Vacuum Cleaner# market, as well as observations, research, estimations, and projections. The Stellar Vacuum Cleaner Market Research study contains an in-depth examination of customer behavior in the aftermath of the virus, as well as its influence on the Vacuum Cleaner market's outlook, classification, trends, and economic constraints.
Key Questions Answered in the Vacuum Cleaner Market Report are:
- What are the drivers motivating overall Vacuum Cleaner market advancement in the upcoming period?
- What revenue potential is estimated from the Vacuum Cleaner market’s transactions in the years ahead?
- What CAGR potential is forecasted for the Vacuum Cleaner market in the approaching period?
- Who are the significant contenders functioning in the Vacuum Cleaner market?
- Which region is leading the global Vacuum Cleaner market share at the end of the forecast period?
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