The global vacuum cleaner market size was valued at USD 10.1 billion in 2020 and is expected to expand at CAGR of 9.6% from 2021 to 2028. The emergence of the Work from Home (WFH) model has resulted in a shortage of time left for home responsibilities, which is increasing vacuum cleaner demand in the residential sector. Changes in lifestyles, increased disposable incomes, a larger working population, increasing purchasing power, and ease of use are all factors driving the global market. Product demand is predicted to rise dramatically as a result of technological developments. Robotic vacuum cleaners, which can clean an area without requiring human intervention, are also projected to increase product demand and expand the market.
The covid-19 pandemic affected the demand and supply of the global vacuum cleaner market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Dynamics:
Drivers, Restraints, and Opportunities
- Growing awareness of importance of hygiene and rising prevalence of allergy disorders are two important reasons driving the global vacuum cleaner market.
- Consumers' willingness to adopt technologically improved machinery is estimated to fuel the market.
- Development of innovative products in the global vacuum cleaner market, such as energy-efficient and environmentally friendly vacuum cleaners, is projected to propel the market during the forecast period.
- High cost of wet vacuum cleaners and increasing number of counterfeit products is anticipated to hinder the market growth.
- Increased energy usage and electricity prices are estimated to hamper the market growth during the forecast period.
- The inability of vacuum cleaners to clean complicated structures efficiently is expected to restrain market growth during the forecast period.
Scope of the report:
The report on the global vacuum cleaner market includes an assessment of the market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue Forecast.
| Attributes | Details |
| Report Title | Vacuum Cleaner Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018-2019 |
| Forecast Period | 2021-2028 |
| Segmentation | Product Types (Canister, Central, Drum, Robotic, Upright, Wet & Dry, and Others), Distribution Channel (Online and Offline), Applications (Industrial, Residential, and Commercial) |
| Regional Scope | North America, Europe, Latin America, Asia Pacific, and Middle East & Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players covered in the Report | iRobot Corporation (US), Dyson (UK), Ecovacs (Nigeria), Nilfisk Group (Denmark), Stanley Black & Decker, Inc. (US), Panasonic Corporation (Japan) |
Global Vacuum Cleaner Market Segment Insights:
The canister vacuum cleaner segment is projected to dominate the market
Based on product types, the market is segregated into canister, central, drum, robotic, upright, wet & dry, and others. The canister vacuum cleaner segment is projected to dominate the market during the forecast period. The introduction of HEPA-filtered canister vacuum cleaners, which have a substantially low chance of generating pulmonary side effects including allergies and asthma, is estimated to boost the market. The robotics segment is estimated to grow at a rapid pace during the forecast period. New cleaning needs and demands have emerged in reaction to the COVID-19 pandemic, in order to free up the human labor for other jobs, particularly in hospitals. Such expectations have driven the development of autonomous or robotic vacuum cleaners in the workforce today. the smart home trend, automatic charging, and voice-activated instructions given by digital voice assistants like Amazon Alexa and Google Assistant appeal to residential clients and end-users.
The online segment is expected to hold major market share
Based on distribution channels, the market is bifurcated into online and offline. The online segment is anticipated to hold major market share during forecast period. The online distribution channel segment held a revenue share of over 56% in 2020. The spread of COVID-19 has been slowed by the adoption of various levels of lockdown around the world. Companies began to sell their products virtually as cleaning became an integral component of the daily routine across all application areas. In 2020, the virtual product demonstration and selling process contributed significantly to the segment's growth. The necessity to globalize the digital sales process and provide a consistent client experience is expected to boost the segment.
The residential segment is anticipated to grow at a rapid pace
Based on applications, the market is fragmented into industrial, residential, and commercial. The residential segment is anticipated to dominate the vacuum cleaner market during the forecast period. People have been confined to their homes as a result of the WFH model's widespread implementation, ensuring the timely completion of daily tasks. As a result, demand for domestic items, primarily cleaning equipment, has increased. The increased prevalence of allergies and asthma in residential settings, as well as the need to maintain homes disease-free, are expected to drive the demand for vacuum cleaners. Furthermore, the increasing availability of enhanced systems that can efficiently collect even the tiniest of impurities is driving the market.
Asia Pacific is projected to dominate the market
Based on regions, the market is classified as North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Asia Pacific is projected to accelerate the vacuum cleaner market during the forecast period owing to China being one of the most important regions. Some of the important elements driving the demand for vacuum cleaners include the strong presence of regional enterprises, availability of low-cost products, and the high spending power of consumers. In emerging countries like India, the growing electrification of rural regions and the widespread availability of online sales channels are helping to boost demand for vacuum cleaners.
Segments
By Product Types
- Canister
- Central
- Drum
- Robotic
- Upright
- Wet & Dry
- Others
By Distribution Channels
By Applications
- Industrial
- Manufacturing
- Food & Beverages
- Pharmaceuticals
- Construction
- Others
- Residential
- Commercial
- Hospital
- Retail stores
- Hospitality
- Shopping Malls
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
By Key Players
- iRobot Corporation (US)
- Dyson (UK)
- Ecovacs (Nigeria)
- Nilfisk Group (Denmark)
- Stanley Black & Decker, Inc. (US)
- Panasonic Corporation (Japan)
Competitive Landscape
Key players competing in the market include iRobot Corporation (US), Dyson (UK), Ecovacs (Nigeria), Nilfisk Group (Denmark), Stanley Black & Decker, Inc. (US), and Panasonic Corporation (Japan). Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and generate revenue and raise their production line of the business in the coming years.
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