Industry Background:
A vacuum cleaner is a device that uses an air pump to create a partial vacuum to suck up dust and dirt, usually from floors, and from other surfaces such as upholstery and draperies. The dirt is collected by either a dust bag or a cyclone for later disposal. The inception of smart gadgets and an increase in corporate spaces exhibited sizeable demand for cordless vacuum cleaners in recent years. In 2017, North America accounted for ~42% market consumption share, with ~5,800 K Units sold. The growing demand for energy-efficient household appliances and urbanization is driving the market growth.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Dominating Application | Household |
Dominating Application % Share | 88.61% |
Key Companies Profiled | Bissell Inc. (United States), Stanley Black & Decker (United States), Techtronic Industries Company Limited (Hong Kong), Dyson Ltd (United Kingdom), GlenDimplex (Ireland), Robert Bosch GmbH (Germany), Koninklijke Philips N.V. (Netherlands), Electrolux AB (Sweden), Grey Technology Ltd (United Kingdom), SharkNinja (United States), Puppyoo (United States), i-team Global (Netherlands), Kärcher Cleaning System Pvt. Ltd. (India), Makita U.S.A., Inc (United States) and TTK Prestige Limited (India) |
According to AMA, the market for Cordless Vacuum Cleaners is expected to register a CAGR of 12.32% during the forecast period to 2027. This growth is primarily driven by Rising Demand For Energy Efficient Household Appliances and Increasing Population And Urbanization.
Globally, a noticeable market trend is evident Convenience For Quick Clean Ups In High Traffic Space The Household Appliances sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Bissell Inc. (United States), Stanley Black & Decker (United States), Techtronic Industries Company Limited (Hong Kong), Dyson Ltd (United Kingdom), GlenDimplex (Ireland), Robert Bosch GmbH (Germany), Koninklijke Philips N.V. (Netherlands), Electrolux AB (Sweden), Grey Technology Ltd (United Kingdom), SharkNinja (United States), Puppyoo (United States), i-team Global (Netherlands), Kärcher Cleaning System Pvt. Ltd. (India), Makita U.S.A., Inc (United States) and TTK Prestige Limited (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global cordless vacuum cleaners market is fragmented due to the presence of several manufacturers at the global and regional levels. The growing market for cordless vacuum cleaners has also attracted new entrants with customized products and improved features. Existing vendors are also striving to expand their product portfolio, to have a better reach of the market
In August 2020, ELKO agreed to become official distributor of Dreame cordless vacuum cleaners in Baltics market. This distribution agreement also covers countries such as Slovenia, Slovakia, Romania, Kazakhstan, Turkmenistan, Uzbekistan, Kyrgyzstan, Tajikistan, Czech Republic, Hungary, Bulgaria, Croatia, Cyprus, Ukraine, Poland, and Kaliningrad.
Influencing Trend:
Convenience For Quick Clean Ups In High Traffic Space
Market Growth Drivers:
Rising Demand For Energy Efficient Household Appliances and Increasing Population And Urbanization
Challenges:
High Energy Consumption By Vacuum Cleaners
Restraints:
High Cost and Low Product Durability
Opportunities:
Increasing Consumer Awareness And Product Popularity In Asian Countries and Lightweight, Increased Flexibility And Noise-free Operation
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Cordless Vacuum Cleaners Market
- Analysis about New Entrants in Cordless Vacuum Cleaners Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Cordless Vacuum Cleaners Study Sheds Light on
The Cordless Vacuum Cleaners Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cordless Vacuum Cleaners industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cordless Vacuum Cleaners industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.