Global Household Vacuum Cleaners Market Overview:
The market for household vacuum cleaners is part of the household appliances business, which is gradually developing due to rising purchasing power, increased health and hygiene concerns, and an increase in the working population. Vacuum cleaners have become more user-friendly as technology has progressed. Robotic vacuum cleaners are a significant innovation, and they have achieved great consumer acceptance due to the ease they provide.
As per latest study released by AMA Research, the Global Household Vacuum Cleaners market is expected to see growth rate of 7.0%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Technological advancement in vacuum cleaners
Market Growth Drivers:
Rise in awareness towards cleanliness and hygiene worldwide and Improvement in living standards and rise in disposable income
Challenges:
High energy consumption in the conventional types of vacuum cleaners
Restraints:
High prices of robotic cleaners
Opportunities:
Government initiatives such as Swach Bharat Abhiyan and Rapid urbanization in countries
Competitive Landscape:
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen their market position and to enhance product & service offerings.
Some of the key players profiled in the report are Dyson Ltd (United Kingdom), Koninklijke Philips N.V (Netherlands), Miele & Cie. KG (Germany), Samsung Electronics Co., Ltd (South Korea), AB Electrolux (Sweden), Haier Group Corporation (China), Panasonic Corporation (Japan), LG Electronics (South Korea) and Bissell Inc (United States). Analyst at AMA Research see Global Vendors to retain maximum share of Global Household Vacuum Cleaners market by 2030. Considering Market by Distribution Channel, the sub-segment i.e. Offline will boost the Household Vacuum Cleaners market.
Latest Market Insights:
In 2020, Electrolux announced its partnership with Google to develop and launch a new range of smart vacuum cleaners. These vacuum cleaners are equipped with Google Assistant and can be controlled via voice commands or the Google Home app.
In 2021, Dyson announced the launch of the V15 Detect, a new cordless vacuum cleaner that features a laser dust detection system. This technology enables the vacuum cleaner to detect and display the amount of dust and debris in real-time, making cleaning more efficient.
What Can be Explored with the Household Vacuum Cleaners Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Household Vacuum Cleaners Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Household Vacuum Cleaners
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Household Vacuum Cleaners market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Household Vacuum Cleaners market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Household Vacuum Cleaners Manufacturers, Household Vacuum Cleaners Distributors, Associations, Organizations, Forums, and Alliances, Government Bodies and Departments, Research Institutes, Business Consulting Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.