Categories: Market Research

Global Vacuum Cleaner Market Size and Forecast 2023-2032| Haier Group Corp., Electrolux AB, Samsung Electronics Co. Ltd., LG Electroncis Inc., Dyson Ltd.,

The Vacuum Cleaner Global Market Report 2023 by The Business Research Company, provides vacuum cleaner market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Vacuum Cleaner Global Market Report 2023, the market size grew from $8.96 billion in 2022 to $9.99 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global vacuum cleaner market is expected to grow to $14.62 billion in 2027 at a CAGR of 10.0%.

Increasing disposable income is expected to propel the growth of the vacuum cleaner market going forward. The income available to be spent after deduction of taxes and social security charges is called disposable income. Increasing disposable income and lifestyle changes have fueled the market for vacuum cleaners steadily in the past few years. People are shifting towards electronic gadgets to make their lives easier and faster due to their changing lifestyles and increasing disposable income, which allows them to save more money and spend more money on products or gadgets to make their lives more comfortable.

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The vacuum cleaner market is segmented:

1) By Product: Canister, Central, Drum, Robotic, Upright, Wet and Dry, Other Products

2) By Application: Industrial, Residential, Commercial

3) By Distribution Channel: Online, Offline

Technological advancement is the key trend gaining popularity in the vacuum cleaner market. Major companies operating in the vacuum cleaner market are focused on developing technologically advanced products to strengthen their market position. For instance, in March 2022, Creative Newtech Ltd., an India-based company operating in the designing and developing of cleaning equipment, launched Dustor, a next-gen robotic vacuum cleaner with light detection and ranging (LIDAR) technology. The Dustor is a next-generation robotic vacuum cleaner that is capable of tracing the smallest particles of dust where human eyes cannot see them, cleaning surroundings with the intervention of humans, and crossing obstacles while cleaning.

The vacuum cleaner market report table of contents includes:

1. Executive Summary

2. Vacuum Cleaner Market Characteristics

3. Vacuum Cleaner Market Trends And Strategies

4. Vacuum Cleaner Market – Macro Economic Scenario

5. Vacuum Cleaner Market Size And Growth

26. Africa Vacuum Cleaner Market

27. Vacuum Cleaner Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Vacuum Cleaner Market

29. Vacuum Cleaner Market Future Outlook and Potential Analysis

30. Appendix

Top Major Players: