Vacuum Cleaner Market was worth US$ 12.02 Bn in 2022 and total revenue is expected to grow at a rate of 9.6% CAGR from 2023 to 2029, reaching almost US$ 22.84 Bn in 2029.
Vacuum Cleaner Market Overview
As per Maximize Market Research, a global business research and consultancy firm, the total global market for “ Vacuum Cleaner Market” was USD in 2022 and is expected to grow at a CAGR of percent over the forecast period to reach USD by 2029.
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Vacuum Cleaner Market Scope and Methodology
The report comprehensively assesses the Vacuum Cleaner market's size estimation, encompassing existing and upcoming trends. It delivers an extensive examination of pivotal advancements, marketing tactics, supply and demand indicators, and profiles of market proprietors, leaders, potential contenders, and new entrants. Employing a bottom-up approach, the report estimates the Vacuum Cleaner Market. Primary data sources involve interviews with notable industry experts, business owners, and marketing specialists, while secondary sources encompass financial reviews and annual reports of top manufacturers. For comprehensive insights into market penetration, competitive landscape, demand analysis, and regional evaluation, the study spans local, regional, and global levels.
Vacuum Cleaner Market Regional Insights
The Vacuum Cleaner market exhibits extensive categorization across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Regional Analysis furnishes the current status of the Vacuum Cleaner market within the countries covered. This report offers a comprehensive assessment of factors, market dimensions, growth rates, and regional import-export dynamics.
Vacuum Cleaner Market Segmentation
The market is divided into Handheld, Canister, Upright, Stick, and Autonomous/Robot categories based on product type. Demand for robotics is anticipated to increase over the next years. New cleaning requirements and needs have emerged in reaction to the COVID-19 epidemic in order to free up the labor force for other jobs, particularly in hospitals. Such expectations have led to the development of robotic or autonomous vacuum cleaners in the commercial sector. Automatic charging, the smart home trend, and voice-activated directions offered by virtual assistants like Amazon Alexa and Google Assistant are characteristics that appeal to residential clients and end users.
The market is divided into two sub-segments: Commercial and Household, based on End use. With a 48% market share in 2022, the leading sector will be household vacuum cleaners. rising consumer living standards, the introduction of efficient appliances, rising consumer hygiene awareness, and rising income levels. The benefits of vacuum cleaner usage are becoming more widely known, which is encouraging low-income households to buy vacuum cleaners. During the predicted period, the commercial segment will experience moderate growth.
Vacuum Cleaner Market Size and Forecast, by Product type (2022-2029)
1. Green Vacuum Cleaner
2. Stick
3. Canister
4. Upright
5. Autonomous/Robot
Vacuum Cleaner Market Size and Forecast, by End Use type (2022-2029)
1. Commercial
2. Household
Vacuum Cleaner Market Size and Forecast, by Distribution Channel (2022-2029)
3. Online
3. Offline
Vacuum Cleaner Market Size and Forecast, by Application (2022-2029)
1. Industrial
2. Residential
3. Commercial
Vacuum Cleaner Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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Vacuum Cleaner Market Key Players
1.Haier Group Corp.
2.AB Electrolux
3.Samsung Electronics Co., Ltd.
4.LG Electroncis, Inc.
5.Dyson Ltd.
6.iRobot Corporation
7.Bissell Inc.
8.Koninklijke Philips
9.Panasonic Corporation
10.Techtronic Industries.
11.Miele & Cie. KG,
12.Dyson Ltd.
13.Eureka Forbes Ltd.
14.EXAIR Corporation
15.Josef Kränzle GmbH & Co. KG
16.Sibilia
17.American Vacuum Company
18.Debus GmbH
19.Ghibli & Wirbel SpA
20.Pullman-Ermator
21.Goodway
22.VAC-U-MAX
23.CS Unitec Inc.,
24.Oreck Corporation
25. Stanley Black & Decker Inc
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Key questions answered in the Vacuum Cleaner Market are:
- What is Vacuum Cleaner?
- What was the Vacuum Cleaner market size in 2022?
- What are the different segments of the Vacuum Cleaner Market?
- What growth strategies are the players considering to increase their presence in Vacuum Cleaner?
- What are the upcoming industry applications and trends for the Vacuum Cleaner Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Vacuum Cleaner Market?
- Who are the key players in the Vacuum Cleaner market?
- What segments are covered in the Vacuum Cleaner Market?
- Who are the leading companies and what are their portfolios in Vacuum Cleaner Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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