USD 11.67 billion
Global Vacuum Cleaner Market Size, Share, Growth Analysis, By Application(Industrial, Residential), By Distribution Channels(Online, Offline) - Industry Forecast 2024-2031
Report ID:
SQMIG45J2177 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
62 |
Figures:
75
Global Vacuum Cleaner Market Insights
Vacuum Cleaner Market size was valued at USD 11.67 billion in 2019 and is poised to grow from USD 12.8 billion in 2023 to USD 29.45 billion by 2031, growing at a CAGR of 9.7% in the forecast period (2024-2031).
Household vacuum cleaners are electrical devices that use suction to clean carpets and floors. There are many different sizes and models of vacuum cleaners, including portable devices, battery-powered vacuum cleaners, central vacuum cleaners, and others. The household vacuum cleaners market is a subset of the household appliances sector, which is expanding steadily as a result of rising purchasing power, rising health and hygiene concerns, and an expanding working population.
High disposable income, improved infrastructure, and the rise in demand for automated and time-saving cleaning solutions are the market's primary drivers. The rise in the urban population and rising living standards in developing nations both contribute to the market expansion for household vacuum cleaners. The demand for energy-efficient products in the household vacuum cleaners market is anticipated to increase with the growth of the tech-savvy population and innovation in traditional household vacuum cleaners.
Asthma patients' dust allergies can be prevented by vacuum cleaners because they are eco-friendly and help to increase efficiency. To address this issue, manufacturers have created compact, portable, and robotic cleaners. The sales of the powerful upright, canister, and drum vacuum cleaners in the European market are also anticipated to be impacted by EU law that limits the use of vacuum cleaners above 900 watts.
The growth of the Vacuum Cleaner Market has been aided by the increasing demand generated by applications across several sectors, including manufacturing, automotive, healthcare, and others, as a result of the improvements in the robotics sector. With intelligent software programming, a clever navigation system, a programmable suction power, and a scheduling mechanism, this vacuum cleaner is an automated cleaning device. The use of these cleaners over regular vacuums is anticipated to rise due to a number of advantages, including their human resource efficiency.
US Vacuum Cleaner Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Offline
Fastest Growth
Offline
Growth Rate
9.7% CAGR
Global Vacuum Cleaner Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Vacuum Cleaner Market By Distribution channels ($ Bn)
Global Vacuum Cleaner Market By Distribution channels (%)
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Global Vacuum Cleaner Market Segmental Analysis
The global vacuum cleaner market has been segmented based on application, distribution channels, and region. Based on application, the Vacuum Cleaner Market is segmented into industrial, residential, and commercial. Based on the distribution channels, the Vacuum Cleaner Market is segmented into online and offline. Based on region, the vacuum cleaner market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Vacuum Cleaner Market Analysis by Application
The residential sector led the vacuum cleaner market with a revenue share of more than 46% in 2021. People are now restricted to their houses as a result of the WFH model's widespread adoption, making timely management of everyday chores necessary. As a result, there is now more demand for household appliances, particularly cleaning supplies. The need to keep houses free of disease and rising cases of allergy and asthma brought on by dust and grime in residential settings is projected to fuel demand for residential vacuum cleaners. Additionally, the market expansion for residential applications is being driven by the increasing availability of sophisticated devices that can effectively capture the smallest contaminants. For instance, in March 2022, the Chinese robotics company ECOVACS unveiled their new "DEEBOT X1 OMNI," a robot vacuum that accepts direct commands and speaks without the use of a smart device. It has a station for auto cleaning that washes, empties the filth, dries the mop, and replaces it with clean water. The machine can clean even the smallest pollutants up to 360 m2 and eliminates 99.9% of dust particles. It includes a huge 4L water tank.
Global Vacuum Cleaner Market By Distribution channels, 2023 (%)
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Global Vacuum Cleaner Market Regional Insights
Asia Pacific dominated the Vacuum Cleaner Market and accounted for a revenue share of 31.7% in 2021, as China is one of the important markets in this, some of the main reasons influencing the demand for vacuum cleaners in the region include the substantial presence of local businesses, the accessibility of inexpensive goods, and customers' high purchasing power. In emerging nations like India, the demand for vacuum cleaners is being aided by the growing electricity in rural areas and the widespread usage of online sales platforms. For instance, in April 2022, the consumer electronics company Panasonic Holdings Corporation introduced the "MC-YL633," a dry vacuum cleaner for quick cleaning. The vacuum cleaner will be offered for sale across the nation at a competitive price to meet the needs of Indian consumers. It features an 18L dust tank capacity and a high suction power of a 2000W motor.
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Global Vacuum Cleaner Market By Region, 2024-2031
- Largest
- Fastest
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Global Vacuum Cleaner Market Dynamics
Vacuum Cleaner Market Driver
- End users in the residential sectors are primarily focusing on adopting automated products in order to save time and energy. An inclination towards smart home technology is shown with automated cleaners, which is encouraging for Vacuum Cleaner Market expansion. However, conventional building technologies and intelligent homes are now becoming a real possibility and draw thanks to the development of new electronic technologies and their integration with previous systems.
- Furthermore, it is anticipated that the market will be driven by the incorporation of air filters in automated equipment for allergy sufferers. Customers are focusing more and more on robotic cleaners to reduce exposure to dust or pet allergens, which is growing demand for household automated vacuum cleaners. Increased female employment is one of the socioeconomic variables anticipated to fuel the growth of the global robotic vacuum cleaners market.
Vacuum Cleaner Market Restraint
- These vacuum devices have sophisticated automated systems built in, which include a number of sensors and transmitters. These devices are used roughly, which reduces their lifespan and raises maintenance costs. Due to their technological integration, these vacuum equipment demand a lot of maintenance. This could sway customers and encourage them to adopt conventional vacuum equipment, which would hinder the market's expansion. The price of this device would limit the market's desire for vacuum cleaners. As vacuum cleaner adoption is not a preference among small and medium-sized businesses.
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Global Vacuum Cleaner Market Competitive Landscape
To develop and provide intelligent, portable, and lightweight vacuum cleaners, market players are making significant investments in research and development operations. For instance, Guandong Joy Intelligent Technology Co., Ltd (LeSheng Smart), a manufacturer of household cleaning appliances, stated in April 2022 that it had successfully completed financing for USD 200 million. The money was put to use for testing, research, and development facilities for cleaning instruments such as car vacuums, sweeping robots, handheld vacuums, and ground cleaning equipment. Furthermore assisting market participants in gaining a competitive edge is the practice of forming strategic relationships with industry vendors.
Top Players Vacuum Cleaner Market
- Dyson Ltd.
- AB Electrolux
- Miele & Cie. KG
- LG Electronics Inc.
- Samsung Electronics Co. Ltd.
- Panasonic Corporation
- iRobot Corporation
- SharkNinja Operating LLC
- Bissell Inc.
- TTI Floor Care North America
- SEB S.A.
- Techtronic Industries Co. Ltd.
- Stanley Black & Decker, Inc.
- Koninklijke Philips N.V.
- Bosch Hausgeräte GmbH
- Haier Group Corporation
- Morris Group International, Inc.
- Nilfisk Group
- Hoover Candy Group
- Eureka Forbes Limited
Vacum Cleaner Market Recent Development
- In February 2022, Travelodge, U.K.’s largest hotel brand, partnered with Killis, a cleaning equipment manufacturer, to introduce an innovative robot vacuum cleaner, “robovac buddy,” in their hotel.
- In September 2020, Neato Robotics announced the launch of a new intelligent robot vacuum cleaner model under its premium product line, namely Neato D10, D9, and D8 at IFA, Berlin 2020
- In August 2020, ECOVACS introduced a new product in their T8 series of robotic vacuum cleaners, the DEEBOT OZMO T8, with advanced object detection technology, innovative accessories such as OZMO Pro Mopping System, and Auto-Empty Station for hassle-free cleaning
Global Vacuum Cleaner Key Market Trends
- Mopping, UV sterilization of the home's air, security cameras for fire and burglar protection, and intercom services are some of the main uses for a domestic robotic vacuum system. Manufacturers are working on speech recognition technology for their products to hear and comprehend spoken orders. The speech recognition feature may be used in utilized in smart robot vacuums with Wi-Fi capabilities with voice activation incorporated system like Alexa from Amazon. As an illustration, iRobot Corporation has created a Roomba i7+ home vacuum with sophisticated automation and intelligence. Using an Alexa-compatible device, access smart mapping technologies.
Global Vacuum Cleaner Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, of application, the residential segment dominated the global vacuum cleaner market in 2021 and is anticipated to maintain its dominance throughout the forecast period. In 2021, Asia Pacific dominated the global vacuum cleaner market owing to the region's substantial presence of local businesses, the accessibility of inexpensive goods, and customers' high purchasing power.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 11.67 billion |
| Market size value in 2031 | USD 29.45 billion |
| Growth Rate | 9.7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Vacuum Cleaner Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Vacuum Cleaner Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Vacuum Cleaner Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Vacuum Cleaner Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Vacuum Cleaner Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Vacuum Cleaner Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Vacuum Cleaner Market Report Snapshots
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