Global Vacuum Cleaner Market by Product Types (Canister, Central, Drum, Robotic, Upright, Wet & Dry, and Others), Distribution Channel (Online and Offline), Applications (Industrial, Residential, and Commercial), and Regions (North America, Europe, Latin America, Asia Pacific, Middle East & Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021-2028
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.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vacuum Cleaner Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vacuum Cleaner Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vacuum Cleaner Market - Supply Chain
4.5. Global Vacuum Cleaner Market Forecast
4.5.1. Vacuum Cleaner Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vacuum Cleaner Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Vacuum Cleaner Market Absolute $ Opportunity
5. Global Vacuum Cleaner Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Vacuum Cleaner Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Vacuum Cleaner Demand Share Forecast, 2019-2026
6. North America Vacuum Cleaner Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Vacuum Cleaner Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Vacuum Cleaner Demand Share Forecast, 2019-2026
7. Latin America Vacuum Cleaner Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Vacuum Cleaner Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Vacuum Cleaner Demand Share Forecast, 2019-2026
8. Europe Vacuum Cleaner Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Vacuum Cleaner Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Vacuum Cleaner Demand Share Forecast, 2019-2026
9. Asia Pacific Vacuum Cleaner Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Vacuum Cleaner Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Vacuum Cleaner Demand Share Forecast, 2019-2026
10. Middle East & Africa Vacuum Cleaner Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Vacuum Cleaner Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Vacuum Cleaner Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Vacuum Cleaner Market: Market Share Analysis
11.2. Vacuum Cleaner Distributors and Customers
11.3. Vacuum Cleaner Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. iRobot Corporation (US)
11.4.2. Dyson (UK)
11.4.3. Ecovacs (Nigeria)
11.4.4. Nilfisk Group (Denmark)
11.4.5. Stanley Black & Decker, Inc. (US)
11.4.6. Panasonic Corporation (Japan)