Market Size of Asia Pacific Residential Vacuum Cleaners Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 3.30 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Residential Vacuum Cleaners Market Analysis
Asia Pacific Residential Vacuum Cleaners Market is expected to achieve a CAGR of 3.3% during the forecast period.
Growth in the urban population in developing countries like India and China, improved infrastructural facilities, and rising awareness of cleanliness and hygiene are factors that drive the market.
During the COVID-19-related lockdowns, people had to rely on themselves to clean their homes, which skyrocketed the demand for vacuum cleaners in some countries, including India. Cost-effectiveness, safety, efficiency, high accessibility to small areas, and automation in residential cleaning resulted in increased demand for vacuum cleaners. The improvement in living standards, rising disposable income, and increasing working population, coupled with high purchasing power and ease of operations, are anticipated to further drive the demand for household vacuum cleaners. However, low awareness levels, high energy consumption in the conventional type of vacuum cleaners, and high prices of robotic cleaners limit the market growth. Offline sales are expected to grow at a slower pace due to the impact of the increasing online sales. The demand for vacuum cleaners with high-efficiency particulate air filtration technology is increasing rapidly in developed markets.
