Household Vacuum Cleaners Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030
Household Vacuum Cleaners Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030
Report Digest
Household Vacuum Cleaners Market – Overview
The household vacuum cleaners market has been projected to expand significantly in the upcoming years. These rapid growth opportunities in the market are due to the growing application of household vacuum cleaners as the electrical equipment that is utilized in order to clean carpets and floors with the use of suction. The rising use of these cleaners has been predicted to fuel growth avenues in the global market in the following years.
Vacuum cleaners have been generally available in various models and sizes, for instance, central vacuum cleaners, battery-powered, handheld, and others. Further, the household vacuum cleaners market has been serving as the vital vertical of the industry of household appliances that is growing at a significant speed with rising purchase power, growth in the working population, and rising concerns related to hygiene and health. Thus, based on these factors, the global market has been anticipated to expand at a rapid pace in the near future.
Household Vacuum Cleaners Market – Key Drivers
The household vacuum cleaners market has been commonly driven by a noteworthy increase in disposable income. Along with this, rising demand for automated and less time-consuming solutions for cleaning and better infrastructural facilities are expected to bolster the growth avenues in the global market in the forthcoming years.
The increasing urban population along with the improved standard of living across developing economies has been predicted to serve as one of the vital factors to boost the market growth in the upcoming years. Furthermore, innovation in the traditional household vacuum cleaners and the growing number of the tech-savvy population are likely to drive the demand for the products that are energy-efficient and thus boosts growth impetuses in the household vacuum cleaners market during the forecast period.
Vacuum cleaners are basically eco-friendly in nature and help to improve task efficiency that further preventing various types of dust allergies in asthma patients. So, on the basis of these factors, the household vacuum cleaners market is likely to expand at the rapid pace during the forecast period.
Household Vacuum Cleaners Market – Recent Developments and Key Players
The household vacuum cleaners market has been characterized owing to the presence of numerous players at local as well as international levels. The market is fragmented in nature. In addition to this, the players concentrate on the growth strategies for the achievement of their set goals and objectives. Increasing penetration of these players in the global market along with rising consumer awareness of the brand is also serving as a vital factor to generate lucrative avenues in the market. Furthermore, mergers or tie-up, increased count of the R & D activities for the enhancement of the company’s existing portfolio, launching of new products, and product portfolio expansion are some other initiatives that are taken by the global players in developing as well as developed nations around the world.
The key players in the household vacuum cleaners market include:
- Panasonic Corporation
- Dyson Ltd.
- iRobot Corporation
- Electrolux AB
- LG Electronics, Inc.
- Haier
- Electronics Group Co., Ltd.
- Miele & Cie. KG
- Koninklijke Philips N.V.
- Samsung Electronics Co., Ltd.
- Bissell, Inc.
Household Vacuum Cleaners Market – Regional Assessment
The household vacuum cleaners market has been segmented into core four regions including Asia Pacific, North America, LAMEA, and Europe based on geographical areas. Out of these prominent regions, Asia Pacific has been estimated to hold a noticeable share in the global market throughout the forecast period. The market dominance is attributed to the rising consumer preference in order to switch from traditional cleaning techniques to automated cleaning solutions. Along with this, rising disposable income along with growing consumer awareness about the merits of vacuum cleaners have also been serving as vital factors to bolster market growth.
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- Industrial Analogy
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- How has COVID-19 affected the market?
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