Vacuum Cleaner Market
The Vacuum Cleaner Market is expected to grow at a remarkable CAGR over the forecast period (2021-2028).
The factors driving the growth of Vacuum Cleaner Market includes increasing awareness about the benefits of vacuum cleaners, rising tech-savvy population, expanding workforce and growing demand for vacuum cleaners in the residential and commercial areas. Moreover, the growing adoption of robotic vacuum cleaners, increasing sales of vacuum cleaners through e-commerce platforms and rising cases of dust allergy around the world, are some of the additional factors augmenting the Global Vacuum Cleaner Market. According to the report published by Bloomberg, the Global Robotic Vacuum Cleaners Market was estimated at USD 3.5 billion in 2021 and is expected to gain more than 75% of the Revenue from In-house robot sales, which will boost the Vacuum Cleaner Market share. In addition, rapid urbanization, increasing purchasing power, rising demand for automated cleaning solutions, are further propelling the Vacuum Cleaner Market size.
However, the growth of Vacuum Cleaner Market is hindered due to high cost for purchasing vacuum cleaners.
The prominent players operating in the market are Nilfisk, Inc., Stanley Black & Decker, Inc., Alfred Kärcher GmbH & Co. KG, Tennant Company, Ecovacs, Dyson, American Vacuum Company, Panasonic Corporation, iRobot Corporation, Hoover Commercial and Nilfisk Group among others.
Product – Segment Analysis
Based on product, the wet & dry segment emerged as the fastest growing segment in the vacuum cleaner market attributed to increasing demand for wet & dry vacuum cleaners in commercial and residential areas.
Power Source – Segment Analysis
As per Vacuum Cleaner Market Analysis, the electric segment is anticipated to hold the highest market share during the forecast period because it helps in removing allergen arising from air, convenient to use and the robotic vacuum cleaners are capable of cleaning the house even when the consumer is not present at home
End-User – Segment Analysis
Based on end-user, the commercial segment dominated the market in 2020 attributed to growing applications of vacuum cleaners at shopping districts, malls, restaurants, and hotels for maintaining the overall hygiene.
Regional – Segment Analysis
Based on region, the Asia-Pacific region held the highest market share over the forecast period due to rising electrification in the rural areas, growing adoption of automated cleaning solutions and increasing disposable incomes.
Global Vacuum Cleaner Market by Product
- Wet & Dry
Global Vacuum Cleaner Market by Power Source
Global Vacuum Cleaner Market by End-User
Global Vacuum Cleaner Market by Region
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland