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
Sr. No. | Offering | Report Coverage |
1. | Market Size | In terms of Revenue (USD Million) |
2. | Historic Data | 2015 to 2019 |
3. | Forecast Data | 2021 to 2028 |
4. | Market Drivers, Restraints, Opportunities, & Regional Market Trends | Yes |
5. | Market Attractiveness Analysis | Yes |
6. | Segment Analysis | Maximum Segments |
7. | Regional Coverage | 5 Regions |
8. | Country Coverage | Top 22 Countries |
9. | Competitive Landscape and Company Market Share Analysis | Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles. |
10. | Porter’s Five Forces Analysis | Yes. |
11. | Value Chain Analysis | Yes |
12. | PEST Analysis | Yes |
13. | Regulatory Landscape | Yes |
14. | Technology Landscape | Yes |
15. | COVID-19 Impact Analysis | Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics. |
16. | Top startups to watch out for | Yes |
17. | Top 3 Trends to Watch | Yes |
18. | Top 3 Strategies Followed by Major Players | Yes |
19. | Top 3 Predictions by Vantage Market Research | Yes |
20. | Discussion Guide | Yes |
21. | Key Primary Respondents - VERBATIM | Yes |
22. | Transcripts from the Primary Respondents | Additional Cost USD 1,000 |
23. | Others/Miscellaneous |
Research Methodology: Household Vacuum Cleaners Market - Global Market Assessment, 2021 - 2028
The global Household Vacuum Cleanersmarket research study is based on a comprehensive research methodology that is used to arrive at the market estimations and forecasts. This methodology aid analysts and to learn and understanding market facts and insights from the innermost levels of the market. The whole research process involves 3 major activities: Secondary Research, Primary Research, and Data Triangulation. Secondary resources are utilized to gain insights on the market and later primary research is conducted to revalidate the information and conclusion derived from the secondary research. Out of the total primary respondents, 24% were from North America, 29% were from Europe, 31% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA.
Secondary Research
Primary Research:
The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Household Vacuum Cleaners supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Household Vacuum Cleaners market size at regional and country level
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Household Vacuum Cleaners supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
The information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end-use industry, and estimate future trends within the market. After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Household Vacuum Cleaners market.
FAQ
Frequently Asked Question
What is the global demand for Household Vacuum Cleaners in terms of revenue?
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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?
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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?
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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?
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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?
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Asia Pacific was the leading regional segment of the Household Vacuum Cleaners in 2020.