30th January 2020 - Latest Research Report on Household
Vacuum Cleaners Market begins with a deep introduction and then delves
broad into specific segments such as raw material, application, end user, and
region, policy study, value chain structure, and upcoming trends in particular
segments or regions. The report on Household Vacuum Cleaners prepare a case for
investments in different regions based on a practical view of their regulatory
outline, manufacturing dynamics, and availability of skills and resources in
that region.
The Household Vacuum Cleaners Market
size is expected to value at USD 16.1 billion by 2022. The market is subject to
witness a substantial growth due to the recent developments, innovations, and
increasing adoption in domestic cleaning services. Additional factors
responsible for robust growth in the household vacuum cleaners market is
attributed to the growing demand for better hygiene in residential applications
and increasing need for cost-effective cleaning services. Introduction of
automated and programmable vacuum cleaners has led to development of
work-efficient services, thereby propelling market growth, in the recent years.
Household vacuum cleaners enable no
manual intervention to provide efficient cleaning for residential. Globally,
the household vacuum cleaners industry is predicted to grow at high CAGR over
the forecast period, providing numerous opportunities for market players to
invest in research and development of the household vacuum cleaners. In
addition, rising focus on lowering time consuming by automatic devices for
various household activities are expected to drive the market growth of
household vacuum cleaners in the upcoming years. Rise in reimbursement of
domestic workers is anticipated foster industry growth over the forecast
period.
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The recent technological advancements
and development of the novel products & technologies such as touch control
and voice recognition systems in order to enhance user experience is also
expected to fuel revenue growth in the upcoming years. Moreover, shifting
trends towards adoption of automated and intelligent vacuum cleaners is
positively impacting market growth, in the last few years.
Other factors such as cost effectiveness
and time saving capabilities of are predicted to drive the growth of household
vacuum cleaners market over the forecast period. The household vacuum cleaners
have capability to work on the highly tight corners. The household vacuum
cleaners are used in the applications involving mopping and sterilization
applications. Development of devices consisting of highly advanced integrated
security feature, are driving market growth over the specified period.
Introduction of lightweight and
small-sized of vacuum cleaners that allows easy portability and easy to use are
capable of performing tasks such as daily floor mopping and cleaning.
Additionally, advanced set of designs consisting of spinning brushes to reach
and clean tight corners are expected to boost market demand for household
vacuum cleaners in the upcoming years. Development of latest features such as
mopping and ultra-violet sterilization are estimated to expand overall market
reach.
The household vacuum cleaners industry
is broadly categorized into six major segments based on the application type
such as upright household vacuum cleaners, canister household vacuum cleaners,
central household vacuum cleaners, drum household vacuum cleaners wet/dry
household vacuum cleaners and robotic household vacuum cleaners. The robotic
household vacuum cleaners is considered as one of the fastest growing segment
in the market with substantial revenue generation in the last few years.
Growing popularity of the robotic household vacuum cleaners segment is
attributed to the advanced security feature such as intruder alert system and
fire alert system. The canister household vacuum cleaners segment has also
witnessed substantial growth owing to their cost effectiveness and easy
availability.
The household vacuum cleaner market is
divided by region as North America, Europe, Asia-Pacific, Latin America and
Africa. North America and European region have shown major growth in recent
years owing to the rise in the implementation of latest technologies in
domestic appliance sector, rapid digitalization & automation, decreasing
time for household activity and existence of well-established market players in
the region. Asia-Pacific region is predicted to hold major market share in the
household vacuum cleaners industry with massive growth in forecast period.
Countries such as South Korea, China and Japan are leading the Asia-Pacific
market with rising concerns regarding hygiene among general population,
increasing personal disposable income, and significant investment by leading
industry players considering potential growth opportunities in the region.
The key players in the household vacuum
cleaner industry are Electrolux Group, Inc., Stanley Black & Decker, Inc.,
Dyson Ltd., Oreck Co., TTI Floor Care Co., Miele, Eureka Forbes Ltd., Haier
Group, Inc., LG Co., iRobot Co., Panasonic Co., Bissell Inc., Royal Philips
Electronics, and Samsung, Inc.
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