The ‘Global Vacuum Cleaner Market Growth, Share, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global vacuum cleaner market, assessing the market on the basis of its segments like products, distribution channels, applications, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Vacuum Cleaner Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): Around USD 27.6 Billion
- Forecast CAGR (2023-2028): 40%
- Forecast Market Size (2028): Nearly USD 37.5 Billion
The vacuum cleaner market is being aided by rising living standards, increasing disposable incomes of the middle-class population, and rapid urbanisation and industrialisation. The surging focus on hygiene and the rising prevalence of viral and bacterial infections, especially in developing countries, are also driving the demand for vacuum cleaners.
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Some of the key market trends include the rising utilisation of vacuum cleaners in commercial spaces, including restaurants and hotels, among others, and the surging demand for the product in the healthcare sector. Hospitals and clinics use vacuum cleaners to effectively protect healthcare providers and patients from contamination.
The increasing trend of smart homes is anticipated to further increase the adoption of vacuum cleaners that are equipped with mobile applications and can be operated conveniently.
Vacuum Cleaner Industry Definition and Major Segments
Vacuum cleaners refer to devices that clean surfaces by removing small particles and dust. They are powered by electricity and can be used on different surfaces, including upholstery, deep interiors, carpets, and corners, among others. They are easy to use, are effective against harmful contaminants, and enhance the time efficiency of cleaning.
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The market, on the basis of product, is categorised into:
- Canister
- Central
- Drum
- Robotic
- Upright
- Wet and Dry
- Others
Based on distribution channel, the market is divided into:
- Offline Stores
- Online Stores
The various applications of vacuum cleaner are:
- Industrial
- Residential
- Commercial
The major regional markets of vacuum cleaner include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Vacuum Cleaner Market Trends
Technological advancements and innovations are driving the development of vacuum cleaners that are lightweight, high-capacity, ergonomic, and can be connected to the internet. The development of light-duty vacuum cleaners that utilise complicated algorithms to detect obstacles like pets and chairs, among others, is anticipated to aid the market in the coming years.
Vacuum cleaners are increasingly integrated with technologies such as Bluetooth connectivity, cyclonic technology, anti-allergen filtration, WiFi, and smart control, among others, which can enable homeowners to efficiently clean their spaces. In addition, the vacuum cleaner market is expected to be driven by the rising launch of robot vacuum cleaners that are not completely automated, provide reliable and efficient charging, and facilitate smart navigation.
Key Market Players
The major players in the vacuum cleaner market report are
- LG Electronics Inc.,
- Haier Inc.,
- Miele & Cie. KG,
- Samsung Electronics Co., Ltd,
- BISSELL Homecare, Inc.,
- Panasonic Corporation,
- iRobot Corporation,
- Koninklijke Philips N.V,
- Eureka Forbes Ltd,
- SharkNinja Operating LLC,
- Ecovacs Robotics, Inc., and
- Beijing Roborock Technology Co., Ltd, among
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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