Global Vacuum Cleaner Market Size to Grow at Steady Rate through 2024
Growing industrialization, technological advancements and rising awareness towards cleanliness
to drive global vacuum cleaner market during forecast period
According
to Tech Sci Research report, “Global
Vacuum Cleaner Market By Product Type, By End Use, By Distribution, By
Region, Competition, Forecast & Opportunities, 2024”, the global vacuum cleaner market is anticipated to grow at
a CAGR of around 5% during the forecast period owing to increasing demand for
cleaning equipment, rising awareness towards cleanliness and hygiene worldwide
and the emergence of online portals and internet penetration. Furthermore,
better living standards, rising disposable income, increase in number of
working women coupled with ease of operations in vacuum cleaners are anticipated
to further drive the demand for vacuum cleaners globally through 2024. Vacuum cleaners help in maintaining a healthy and
clean environment that leads to increased health benefits for users. For cleaning
houses and floors there are other alternatives as well but customers are
preferring the use of vacuum cleaners instead of chemicals due to chemical
ingredients that are being used for cleaning purposes are unsafe for the health
of the infants and pets, thereby aiding the growth of global vacuum cleaner
market.
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Global vacuum cleaner market can be segmented based on product type, end
use, distribution channel and region. In terms of product type, the market can
be segmented into handheld, canister, upright, stick and others. The canister
segment holds the largest market share in 2018, and sales of cannister vacuum
cleaners are anticipated to surge during the forecast period as well. Based on end
use, the global vacuum cleaner market can be further bifurcated into commercial
and residential. Among them, the residential segment is popular among the
population due to increasing concerns of consumers towards hygiene, escalating
income levels and upsurge in consumer living.
AB Electrolux, Haier Group Corp., LG Electroncis, Inc., Samsung
Electronics Co., Ltd., Bissell Inc, Dyson Ltd., Panasonic Corporation, Koninklijke
Philips N.V., iRobot Corporation, Techtronic Industries, etc., are some of the
leading players operating in global vacuum cleaner market. The companies operating in the market are using
organic strategies such as product launches, mergers and collaborations to
boost their share and expand their presence in the market.
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“The
global vacuum cleaner market is anticipated to witness steady growth over the
next five years due to the shift from manual cleaning to technological
vacuuming solutions, increasing disposable income and rising awareness towards
the use of upcoming technologies. Moreover, growing risk of asthma along with
increasing working women population is further positively influencing global vacuum
cleaner market.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Vacuum Cleaner Market By Product Type, By End
Use, By Distribution, By Region, Competition, Forecast & Opportunities,
2024” has
evaluated the future growth potential of global vacuum cleaner market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global vacuum cleaner market.
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