RESIDENTIAL VACUUM CLEANERS MARKET - GROWTH, TRENDS, AND FORECAST (2019-2024)

The Market is Segmented By Type (Side-by-side Refrigerators, Bottom Freezer Refrigerators, Double Door Refrigerators, Single Door Refrigerators), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, and Others), by Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa)

Market Snapshot

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Study Period:

2015-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

4%

Key Players:

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Market Overview

Growth in the urban population in developing countries, improved infrastructural facilities, and rise in awareness towards cleanliness and hygiene globally are factors that drive the market.

  • Cost-effectiveness, safety, efficiency, high accessibility to small areas, and automation in residential cleaning has resulted in increased demand for vacuum cleaners.
  • The improvement in living standards, rise in disposable income, increase in the working population, coupled with high purchasing power, and ease of operations in vacuum cleaners are anticipated to further drive the demand for household vacuum cleaners globally.
  • However, unawareness, 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 as they are affected by increasing online sales.
  • The demand for vacuum cleaners using high-efficiency particulate air filtration technology is increasing at a fast pace, in the developed markets.

Scope of the Report

A complete background analysis of the Residential Vacuum Cleaners Market, which includes an assessment of the parental market, emerging trends by segments and regional markets, Significant changes in market dynamics and market overview is covered in the report.

By Type
Upright
Canister
Central
Drum
Wet/Dry
Robotic
By Distribution Channel
Supermarkets/Hypermarkets
Specialty Stores
Online
Others
Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Canister Residential Vacuum Cleaner is Dominating the Market

Canister residential vacuum cleaners segment accounted for major share in the residential vacuum cleaners market in recent years, as these are the most commonly used vacuum cleaners for household cleaning, due to their high suction power and easy accessibility. The segment is predicted to witness substantial expansion as the equipment is user-friendly and can easily be handled. The segment is expected to grow at a significant rate in the forecast period.

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Asia-Pacific is Accounting for Major Share

The Asia Pacific accounting for the majority share in revenue from past few years, owing to the increased adoption of automated cleaning solutions in metro cities, increased awareness about health and hygiene, rise in popularity of robotics and drum household vacuum cleaners, and growth in disposable incomes.

The government initiatives and rapid urbanization in countries such as India, China, Australia, Japan, Malaysia, South Korea, and other South Asian countries are expected to further boost the demand for vacuum cleaners in this region. Geographically, the Asia-Pacific region is expected to maintain its leading position, followed by Europe. North America region growth momentum would continue as a result of favorable economic conditions and growing awareness.

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Competitive Landscape

The report covers major international players operating in the Residential Vacuum Cleaners Market. In terms of market share, few of the major players currently dominate the market. However, the demand is driven by consumer income. Large companies compete through volume purchasing, breadth of products, and effective merchandising and marketing. Small companies focus on a market segment and compete through depth of products and superior customer service.

Major Players

  1. Oreck Corporation
  2. Bissell Inc
  3. Haier Group Corporation
  4. Electrolux Group
  5. Dyson Limited

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Key Deliverables of the Study

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Drivers

    3. 4.3 Restraints

    4. 4.4 Opportunities

    5. 4.5 Trends Influencing the Residential Vacuum Cleaners Market

    6. 4.6 Value Chain Analysis of the Residential Vacuum Cleaners Market

    7. 4.7 Porter's Five Forces Analysis

    8. 4.8 Technological Innovations

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Upright

      2. 5.1.2 Canister

      3. 5.1.3 Central

      4. 5.1.4 Drum

      5. 5.1.5 Wet/Dry

      6. 5.1.6 Robotic

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarkets/Hypermarkets

      2. 5.2.2 Specialty Stores

      3. 5.2.3 Online

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 South America

      5. 5.3.5 Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 COMPANY PROFILES

      1. 6.1.1 Oreck Corporation

      2. 6.1.2 Bissell Incorporation

      3. 6.1.3 Haier Group

      4. 6.1.4 Electrolux Group

      5. 6.1.5 Dyson Limited

      6. 6.1.6 Eureka Forbes Limited

      7. 6.1.7 TTI Floor Care

      8. 6.1.8 LG Corporation

      9. 6.1.9 Panasonic Corporation

      10. 6.1.10 iRobot Corporation*

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. APPENDIX

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