Growing industrialization, technological advancements and rising awareness towards cleanliness to drive global vacuum cleaner market during forecast period
According to Tech Sci Research report, “Global Vacuum Cleaner Market By Product Type, By End Use, By Distribution, By Region, Competition, Forecast & Opportunities, 2024”, the global vacuum cleaner market is anticipated to grow at a CAGR of around 5% during the forecast period owing to increasing demand for cleaning equipment, rising awareness towards cleanliness and hygiene worldwide and the emergence of online portals and internet penetration. Furthermore, better living standards, rising disposable income, increase in number of working women coupled with ease of operations in vacuum cleaners are anticipated to further drive the demand for vacuum cleaners globally through 2024. Vacuum cleaners help in maintaining a healthy and clean environment that leads to increased health benefits for users. For cleaning houses and floors there are other alternatives as well but customers are preferring the use of vacuum cleaners instead of chemicals due to chemical ingredients that are being used for cleaning purposes are unsafe for the health of the infants and pets, thereby aiding the growth of global vacuum cleaner market.
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“ Global Vacuum Cleaner Market”
Global vacuum cleaner market can be segmented based on product type, end use, distribution channel and region. In terms of product type, the market can be segmented into handheld, canister, upright, stick and others. The canister segment holds the largest market share in 2018, and sales of cannister vacuum cleaners are anticipated to surge during the forecast period as well. Based on end use, the global vacuum cleaner market can be further bifurcated into commercial and residential. Among them, the residential segment is popular among the population due to increasing concerns of consumers towards hygiene, escalating income levels and upsurge in consumer living.
AB Electrolux, Haier Group Corp., LG Electroncis, Inc., Samsung Electronics Co., Ltd., Bissell Inc, Dyson Ltd., Panasonic Corporation, Koninklijke Philips N.V., iRobot Corporation, Techtronic Industries, etc., are some of the leading players operating in global vacuum cleaner market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share and expand their presence in the market.
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“The global vacuum cleaner market is anticipated to witness steady growth over the next five years due to the shift from manual cleaning to technological vacuuming solutions, increasing disposable income and rising awareness towards the use of upcoming technologies. Moreover, growing risk of asthma along with increasing working women population is further positively influencing global vacuum cleaner market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Vacuum Cleaner Market By Product Type, By End Use, By Distribution, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global vacuum cleaner market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global vacuum cleaner market.