Industry Background:
The global cleaning appliances market is expected to witness significant growth over the forecast period owing to increasing dependency on health and hygiene and growing demand for cleaning appliances in hotel and hospitality. A clean area decreases exposure to allergens, pesticides, consumer chemicals, and pest droppings and urine, and reduces shelter for pests. Whereas it is important to keep the place clean to provide a healthy environment, cleaning product labels often display complex chemical terms.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Panasonic Corporation (Japan), General Electric (United States), Whirlpool Corporation (United States), Electrolux AB (Sweden), Koninklijke Philips N.V. (Netherlands), Samsung Electronics (South Korea), Robert Bosch GmbH (Germany), Honeywell International (United States), LG Electronics (South Korea) and Haier Group Corporation (China) |
This growth is primarily driven by Increase in Spending Power of Consumers in Developing Region and Growing Demand for Cleaning Appliances in Hotel and Hospitality.
Globally, a noticeable market trend is evident Increasing Dependency on Health’s And Hygiene Major Vendors, such as Panasonic Corporation (Japan), General Electric (United States), Whirlpool Corporation (United States), Electrolux AB (Sweden), Koninklijke Philips N.V. (Netherlands), Samsung Electronics (South Korea), Robert Bosch GmbH (Germany), Honeywell International (United States), LG Electronics (South Korea) and Haier Group Corporation (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Leading key players of cleaning appliances are focusing on strategic partnerships, joint ventures, and new product launches to improve their products and services along with focusing on increasing their client base to strengthen market position.
Key Developments in the Market:
In September 2023, Electrolux and Whirlpool announced a joint venture to develop and manufacture cooking appliances. The joint venture will be called NewCo and will be headquartered in Europe.
In September 2023, Samsung launched its new Jet Bot+ robot vacuum cleaner. The Jet Bot+ is a high-end robot vacuum cleaner that features advanced navigation and obstacle avoidance technology.
Influencing Trend:
Increasing Dependency on Health’s And Hygiene
Market Growth Drivers:
Increase in Spending Power of Consumers in Developing Region and Growing Demand for Cleaning Appliances in Hotel and Hospitality
Challenges:
Stringent Regulations Regarding Cleaning Appliances
Restraints:
High-Cost Related to Eco-friendly Household Cleaning Products
Opportunities:
Increase in Application of Eco-Friendly Formulations and Green Products
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 Cleaning Appliances Market
- Analysis about New Entrants in Cleaning Appliances 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, Cleaning Appliances Study Sheds Light on
The Cleaning Appliances Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cleaning Appliances industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cleaning Appliances 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.