May 26, 2020
As per the report titled ‘Household Vacuum Cleaners Market Size By Product, By Sales Channel, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report LLC, global household vacuum cleaners market is projected to record substantial growth over 2020-2026.
Increasing awareness regarding cleanliness and hygiene, growing urban population in tandem with rising disposable income, and technological advancements such as smart cleaners or robotic vacuums are fueling the growth of global household vacuum cleaners market.
Based on the product spectrum, canister segment is estimated to record a CAGR of over 6.5% throughout the forecast duration owing to escalating demand for power vacuum cleaners due to their relatively high flow rate and suction, which makes cleaning faster, easier, and more efficient. These canister units comprise of the engine, dust bags, filter, and wheels. These cleaners are lightweight, easy to carry, and can be equipped with several tools such as upholstery brush, mechanized brush, and crevice nozzle, thereby boosting the product demand.
Wet/dry segment will also see considerable demand in the coming years, as these cleaners are all-purpose vacuum units capable of picking up dry, liquid or wet dirt. Moreover, these vacuum cleaners can remove foul odors from carpets and ensure that carpets and households are always fresh, which acts as another incentive driving the product sales.
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Drum segment is also slated to record robust growth over the estimated timeframe. Drum based vacuum cleaners are basically industrial versions of cylinder vacuum cleaners. High use of these cleaners in big homes, hotels, and other areas which require regular cleaning of large surfaces are stimulating the segment growth.
Elaborating on the sales channel, offline sales segment is slated to register 4.5% CAGR over the forecast timeline, owing to rapid expansion of the organized retail industry across the globe. In-store experience and better customer service are drawing the consumer attention towards offline stores.
As per the regional analysis, North America household vacuum cleaners market is expected to record significant gains during the analysis period. The growth can be credited to the high adoption rate of intelligent vacuum cleaners over conventional cleaners in the region due to time and energy saving benefits of these cleaning tools.
Key players operating in global household vacuum cleaners market are Dyson Ltd., BLACK+DECKER Inc., BISSELL group, Eureka Forbes Ltd., Electrolux Group, Haier Group, LG Electronics, iRobot (Puresight Systems Private Limited), Miele, Panasonic Corporation, Oreck, BSH Hausgeräte GmbH (Robert Bosch GmbH), Philips Group, Samsung Electronics Co., Ltd., Toshiba Corporation, and Techtronic Industries Co. Ltd.