Overview and Scope
A vacuum cleaner is an electronic tool that uses electricity to collect dirt from surfaces. Vacuuming is the practice of cleaning with a vacuum cleaner to maintain floors and fabrics by removing dirt, soil, debris, and bad odors.
Sizing and Forecast
The vacuum cleaner market size has grown strongly in recent years. It will grow from <b>$9.67 billion in 2023 to $10.48 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. </b> The growth in the historic period can be attributed to rise in dual-income households, improving living standards, growing awareness of allergen awareness, health and hygiene, changing lifestyles..
The vacuum cleaner market size is expected to see strong growth in the next few years. It will grow to <b>$14.65 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. </b> The growth in the forecast period can be attributed to growing demand for smart home integration, health and air quality concerns, hepa and advanced filtration, rental and subscription services, e-commerce growth.. Major trends in the forecast period include robotics and ai, sustainability and eco-friendly models, cordless and lightweight designs, collaborative cleaning, vacuum cleaners with uv light sanitization..
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Segmentation & Regional Insights
The vacuum cleaner market covered in this report 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
<b>Asia-Pacific</b> was the largest region in the vacuum cleaner market share in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the vacuum cleaner market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
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. For instance, according to the U.S. Bureau of Economic Analysis (BEA), the official website of the United States government, in 2022, the personal disposable income of an American citizen has increased by 0.4% and spending has increased by 0.9% monthly. Therefore, the increasing disposable income is driving the demand for the vacuum cleaner market.
Key Industry Players
Major companies operating in the vacuum cleaner market include <b> Haier Group Corp., Electrolux AB, Samsung Electronics Co. Ltd., LG Electroncis Inc., Dyson Ltd., iRobot Corporation, Bissell Inc., Koninklijke Philips N.V., Panasonic Corporation, Techtronic Industries, Miele & Cie. KG, Oreck Corporation, EXAIR Corporation, Josef Kränzle GmbH & Co. KG, Stanley Black & Decker Inc, American Vacuum Company, Debus GmbH, Ghibli & Wirbel SpA, Pullman-Ermator, Goodway Technologies, VAC-U-MAX, CS Unitec Inc., SharkNinja, TTI Floor Care, SEB Group, Eureka Forbes, Numatic International, Quirepace Limited, Delfin Industrial Vacuums, Hoover Commercial, Polivac International Pty. Ltd. </b>
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 analysis
5.Vacuum Cleaner Market Size And Growth
6.Vacuum Cleaner Segmentation
7.Vacuum Cleaner Regional And Country Analysis
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27.Vacuum Cleaner Competitive Landscape And Company Profiles
28.Vacuum Cleaner Key Mergers And Acquisitions
29.Vacuum Cleaner Future Outlook and Potential Analysis
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