Household Vacuum Cleaners Market
Household Vacuum Cleaners Market Global Industry Assessment & Forecast
Segments Covered
- By Product Upright, Canister, Central, Robotic, Drum, Wet/dry Vacuum Cleaners
Snapshot
Forecast Years: | 2021 - 2028 |
Historical Years: | 2016 - 2020 |
Revenue 2021: | 15.5 Billion |
Revenue 2028: | 25.08 Billion |
Revenue CAGR (2021 - 2028): | 6.2 |
Fastest Growing Region (2022 - 2028) | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
The report delivers an acute breakdown of the market based on various segments such as Product, , and region. The report will cover market estimations and forecast for each segment by region for the years 20156–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.
On the basis of Product, the market is divided into Upright, Canister, Central, Robotic, Drum, Wet/dry Vacuum Cleaners. Canister held the largest share in 2020 and is projected to witness substantial growth during the forecast period.
Based
on , the market is divided into .
attributed to the highest market share and is expected to grow at a significant
CAGR from 2021 to 2028.
Global Household Vacuum Cleaners Market: Product Segment Analysis
-
- Upright
- Canister
- Central
- Robotic
- Drum
- Wet/dry Vacuum Cleaners
FAQ
Frequently Asked Question
What is the global demand for Household Vacuum Cleaners in terms of revenue?
-
The global Household Vacuum Cleaners valued at 15.5 Billion in 2020 and is expected to reach 25.08 Billion in 2028 growing at a CAGR of 6.2%.
Which are the prominent players in the market?
-
The prominent players in the market are LG, Dyson, BISSELL, SharkNinja, Miele, Stanley Black & Decker, Dyson, Bosch, Neato Robotics, TTI, Haier, Irobot, Oreck, Electrolux, GlenDimplex, Gtech, Puppyoo..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6.2% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Household Vacuum Cleaners include
- The increase in disposable income of consumers is one of the top impacting factors for the growth of the household vacuum cleaners market. Disposable income allows the consumer to spend more on luxury household appliances and on enhancing lifestyle, along with scope of investment leading to increased sales of consumer electronics products.
- The growing technological advancement in vacuum cleaners has made their operation more user friendly and is anticipated to augment the growth of the market over the forecast period. Since its invention, players have invested significantly to reduce noise, increase battery backup, and reduce their size. Robotic vacuum cleaner is a major advancement, and these cleaners have gained widespread adoption among the consumers due to convenience offered by them.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Household Vacuum Cleaners in 2020.