USD 11.7 billion
Report ID:
SQMIG45J2177 |
Region:
Global |
Published Date: December, 2024
Pages:
165
|Tables:
62
|Figures:
75
Vacuum Cleaner Market size was valued at USD 12.8 Billion in 2023 and is poised to grow from USD 14.04 Billion in 2024 to USD 32.31 Billion by 2032, growing at a CAGR of 9.7% during the forecast period (2025-2032).
Household vacuum cleaners are electrical devices that use suction to clean carpets and floors. There are many different sizes and models of vacuum cleaners, including portable devices, battery-powered vacuum cleaners, central vacuum cleaners, and others. The household vacuum cleaners market is a subset of the household appliances sector, which is expanding steadily as a result of rising purchasing power, rising health and hygiene concerns, and an expanding working population.
High disposable income, improved infrastructure, and the rise in demand for automated and time-saving cleaning solutions are the market's primary drivers. The rise in the urban population and rising living standards in developing nations both contribute to the market expansion for household vacuum cleaners. The demand for energy-efficient products in the household vacuum cleaners market is anticipated to increase with the growth of the tech-savvy population and innovation in traditional household vacuum cleaners.
Asthma patients' dust allergies can be prevented by vacuum cleaners because they are eco-friendly and help to increase efficiency. To address this issue, manufacturers have created compact, portable, and robotic cleaners. The sales of the powerful upright, canister, and drum vacuum cleaners in the European market are also anticipated to be impacted by EU law that limits the use of vacuum cleaners above 900 watts.
The growth of the Vacuum Cleaner Market has been aided by the increasing demand generated by applications across several sectors, including manufacturing, automotive, healthcare, and others, as a result of the improvements in the robotics sector. With intelligent software programming, a clever navigation system, a programmable suction power, and a scheduling mechanism, this vacuum cleaner is an automated cleaning device. The use of these cleaners over regular vacuums is anticipated to rise due to a number of advantages, including their human resource efficiency.
US Vacuum Cleaner Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 11.7 billion
Largest Segment
Offline
Fastest Growth
Offline
Growth Rate
9.7% CAGR
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Global Vacuum Cleaner Market is segmented by Product, Distribution Channel, Power Source, Application and Region. Based on Product, the market is segmented into Canister, Central, Drum, Robotic, Upright, Wet & Dry, Others. Based on Distribution Channel, the market is segmented into Online, Offline. Based on Power Source, the market is segmented into Corded, Cordless. Based on Application, the market is segmented into Industrial, Residential, Commercial. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Vacuum Cleaner Market Analysis by Application
The residential sector led the vacuum cleaner market with a revenue share of more than 46% in 2021. People are now restricted to their houses as a result of the WFH model's widespread adoption, making timely management of everyday chores necessary. As a result, there is now more demand for household appliances, particularly cleaning supplies. The need to keep houses free of disease and rising cases of allergy and asthma brought on by dust and grime in residential settings is projected to fuel demand for residential vacuum cleaners. Additionally, the market expansion for residential applications is being driven by the increasing availability of sophisticated devices that can effectively capture the smallest contaminants. For instance, in March 2022, the Chinese robotics company ECOVACS unveiled their new "DEEBOT X1 OMNI," a robot vacuum that accepts direct commands and speaks without the use of a smart device. It has a station for auto cleaning that washes, empties the filth, dries the mop, and replaces it with clean water. The machine can clean even the smallest pollutants up to 360 m2 and eliminates 99.9% of dust particles. It includes a huge 4L water tank.
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Asia Pacific dominated the Vacuum Cleaner Market and accounted for a revenue share of 31.7% in 2021, as China is one of the important markets in this, some of the main reasons influencing the demand for vacuum cleaners in the region include the substantial presence of local businesses, the accessibility of inexpensive goods, and customers' high purchasing power. In emerging nations like India, the demand for vacuum cleaners is being aided by the growing electricity in rural areas and the widespread usage of online sales platforms. For instance, in April 2022, the consumer electronics company Panasonic Holdings Corporation introduced the "MC-YL633," a dry vacuum cleaner for quick cleaning. The vacuum cleaner will be offered for sale across the nation at a competitive price to meet the needs of Indian consumers. It features an 18L dust tank capacity and a high suction power of a 2000W motor.
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Vacuum Cleaner Market Driver
Vacuum Cleaner Market Restraint
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To develop and provide intelligent, portable, and lightweight vacuum cleaners, market players are making significant investments in research and development operations. For instance, Guandong Joy Intelligent Technology Co., Ltd (LeSheng Smart), a manufacturer of household cleaning appliances, stated in April 2022 that it had successfully completed financing for USD 200 million. The money was put to use for testing, research, and development facilities for cleaning instruments such as car vacuums, sweeping robots, handheld vacuums, and ground cleaning equipment. Furthermore assisting market participants in gaining a competitive edge is the practice of forming strategic relationships with industry vendors.
Top Players Vacuum Cleaner Market
Vacum Cleaner Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, of application, the residential segment dominated the global vacuum cleaner market in 2021 and is anticipated to maintain its dominance throughout the forecast period. In 2021, Asia Pacific dominated the global vacuum cleaner market owing to the region's substantial presence of local businesses, the accessibility of inexpensive goods, and customers' high purchasing power.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 11.7 billion |
Market size value in 2031 | USD 29.45 billion |
Growth Rate | 9.7% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Vacuum Cleaner Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Vacuum Cleaner Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Vacuum Cleaner Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Vacuum Cleaner Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45J2177
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