Vacuum Cleaner Market Share is Expected to Reach US$ 28.96 Billion by 2032
Kings Research™ presents this information in its report titled, “Vacuum Cleaner Market Share, Size & Industry Analysis,By Sales Channel (Hypermarkets, Specialty Home Appliance Stores and Online Retailers), By Product Type (Canister Vacuum Cleaner, Robotic Vacuum Cleaner), By Application (Residential, Commercial, & Industrial), By Cord Type and Regional Analysis, 2024-2031"
Vacuum Cleaner Market Share was recorded at USD 13.34 billion in 2023, which is estimated to be at USD 14.58 billion in 2023 and projected to reach USD 28.96 billion by 2031 growing at a CAGR of 10.31%.
North America and Europe are also key regions in the vacuum cleaner market. In North America, the increasing awareness of indoor air quality and the rising prevalence of respiratory disorders are boosting the demand for vacuum cleaners with advanced filtration systems. In Europe, the market is driven by stringent regulations regarding energy efficiency and environmental sustainability. Manufacturers are focusing on developing eco-friendly vacuum cleaners that consume less energy and have a lower environmental impact.
Browse Complete Report Details @ https://www.kingsresearch.com/vacuum-cleaner-market-775
List of Key Companies in Vacuum Cleaner Market
- Alfred Kärcher SE & Co. KG
- Dreame Global
- DEWALT
- Dyson
- ECOVACS
- Emerson Electric Co.
- Haier Inc.
- iRobot Corporation,
- Neato Robotics, Inc.
- Panasonic Holdings Corporation
Key Drivers:
-
Technological Advancements: The integration of AI and IoT into vacuum cleaners is revolutionizing the market. These smart vacuum cleaners are equipped with features such as automated cleaning schedules, real-time monitoring, and remote operation via smartphones. These innovations cater to the growing demand for convenience and efficient home cleaning solutions.
-
Energy Efficiency: With the rising global focus on sustainability, energy-efficient appliances are gaining traction. Modern vacuum cleaners are being designed to consume less power while delivering high performance. This trend is particularly strong in regions with stringent energy regulations, such as Europe and North America.
-
Urbanization and Changing Lifestyles: The increasing pace of urbanization, coupled with busy lifestyles, has led to a surge in demand for efficient home cleaning solutions. Consumers are seeking products that save time and effort, leading to a preference for advanced vacuum cleaners that offer superior cleaning capabilities with minimal human intervention.
Competitive Landscapes:
The vacuum cleaner market is highly competitive, with several key players focusing on innovation and product differentiation. Major companies in the market include Dyson Ltd., iRobot Corporation, Samsung Electronics Co., Ltd., LG Electronics Inc., and SharkNinja Operating LLC. These companies are investing heavily in research and development to introduce advanced products that meet the evolving needs of consumers.
Recent developments in the Market Include:
-
iRobot's Launch of New Roomba Models: iRobot Corporation recently expanded its Roomba lineup with models featuring enhanced AI capabilities, allowing for more precise navigation and cleaning. These new models also offer improved battery life and quieter operation.
-
Dyson's Investment in Battery Technology: Dyson Ltd. has announced significant investments in developing next-generation battery technology for its cordless vacuum cleaners. This initiative aims to enhance the performance and runtime of their products, making them more efficient and user-friendly.
Vacuum Cleaner Market is Segmented as:
By Sales Channel:
- Hypermarkets/Supermarkets
- Specialty Home Appliance Stores
- Wholesalers/Distributors
- Direct Sales
- Online Retailers
- Others
By Product Type:
- Canister Vacuum Cleaner
- Upright Vacuum Cleaner
- Handheld Vacuum Cleaner
- Robotic Vacuum Cleaner
Technological Advancements and Innovations Recent technological advancements have significantly impacted the vacuum cleaner market. Notable innovations include:
- Robotic Vacuum Cleaners: Companies like iRobot and ECOVACS are leading the market with advanced robotic vacuum cleaners equipped with features such as AI-powered navigation, connectivity, and automation.
- Cordless and Handheld Models: Dyson continues to innovate with powerful cordless vacuum cleaners that offer superior suction and portability. The Dyson V15 Detect Extra, launched in 2023, features a laser to detect tiny dust particles and HEPA filtration to capture ultra-fine particles.
- Smart Home Integration: Companies like Samsung and Dreame International are introducing vacuum cleaners with smart home integration and advanced AI features, enhancing user convenience and efficiency.
The market is segmented based on product type, end-user, distribution channel, and region. By product type, the market is categorized into upright, canister, robotic, handheld, stick, and central vacuum cleaners. Upright vacuum cleaners are widely preferred due to their powerful suction and ease of use, making them suitable for cleaning large carpeted areas. Canister vacuum cleaners, on the other hand, are popular for their versatility and ability to clean hard-to-reach areas. Robotic vacuum cleaners are expected to witness significant growth during the forecast period, owing to their convenience and advanced features.
By end-user, the market is divided into residential and commercial sectors. The residential segment holds a major share of the market, driven by the increasing adoption of vacuum cleaners in households for regular cleaning and maintenance. The commercial segment is also witnessing growth, particularly in sectors such as hospitality, healthcare, and retail, where cleanliness and hygiene are of utmost importance.
The distribution channel segment includes online and offline channels. The online distribution channel is gaining traction due to the increasing penetration of e-commerce platforms and the convenience of online shopping. Consumers prefer online channels for their wide range of product options, competitive pricing, and home delivery services. Offline channels, such as specialty stores, supermarkets, and hypermarkets, continue to play a significant role, especially for consumers who prefer a hands-on experience before making a purchase.
Future Outlook:
The global vacuum cleaner market is expected to continue its upward trajectory, driven by technological advancements, increasing consumer awareness about hygiene, and the growing demand for energy-efficient appliances. The adoption of smart vacuum cleaners is anticipated to rise, particularly in developed markets, while emerging economies in Asia-Pacific and Latin America offer lucrative growth opportunities.
Contact Us:
Kings Research
Website: https://www.kingsresearch.com
E-mail: [email protected]
Phone: (+1) 888 328 2189
Comments
0 comment