Market Trends of Residential Vacuum Cleaners Industry
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.
Growth in Asia-Pacific Region is Fueling the Market
The Asia Pacific accounted for the majority share in revenue in 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.
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. The growing urbanization across the region, especially in developing countries such as India and China, is creating immense expansion potential in the market. Due to the increasing cost of domestic help services, a shift toward consumer appliances has been witnessed in the last few years. 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. 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.
