Residential Vacuum Cleaner Market to Grow at a CAGR of 5.41% During the Forecast Period
Rising awareness of hygiene and
development of robotic vacuum cleaners is influencing the growth of the residential vacuum
cleaner market.
According to TechSci
Research report, “Residential Vacuum Cleaner Market –Global Industry
Size, Share, Trends, Competition, Opportunities, and Forecast, 2017-2027” Global residential vacuum cleaner
market is forecast to grow at CAGR of 5.41% to reach USD 23862.85 million
through 2027. One of the main factors influencing the demand for vacuum
cleaners in the residential sector is the reduction in the time left for doing
household chores due to the popular Work from Home (WFH) model, initiated
during the COVID-19 pandemic situation. Other important factors driving the
market's growth include changing lifestyles, high disposable incomes, a growing
working population, rising purchasing power, and ease of use. Moreover, the
development of robotic vacuum cleaners, which can clean an area without the
assistance of a human, is also anticipated to benefit the market and fuel
market expansion. Various market players are focusing on offering such upgraded
technology-based vacuum cleaners. For instance, in 2022, in India, the
home appliance and consumer electronics company Haier unveiled its first smart
vacuum cleaner technology, a Robotic vacuum cleaner that can be
used for both dry and wet mopping. Consequently, the company expanded its
portfolio of smart home solutions to attract a consumer base. Similarly, the
Singapore-based technology company Dyson introduced the Dyson V12 Detect slim vacuum
with cord-free laser detection technology in February 2022. The
device has an LCD screen built in and a green laser diode to find dust.
Additionally, it features a conical brush bar to sanitize surfaces and clean
raised buttons and door handles, both of which are essential for preventing the
transmission of COVID-19.
A residential vacuum cleaner
runs on electricity to clean and remove debris from surfaces, including
carpets, upholstered furniture, drapes, and other surfaces. Different sizes,
styles, and models of household vacuum cleaners are available, including
upright, canister, handheld, robotic, and others. The vacuum cleaners are
available in cordless versions so that they are portable, simple to operate,
and effective at cleaning different parts of the house.
The global residential vacuum
cleaner market is segmented into product, type, technology, distribution
channel, region, and company. On the bases of product, the market is segregated
into canister, upright, stick, robotic, handheld, and others. Out of these,
canister registered the highest market share of around 27% among all
residential vacuum cleaner products in 2021, followed by upright. The cleaner
unit has a storage tank that is connected by a long hose to the sucker end.
These vacuum cleaners come with a variety of interchangeable attachments that
allow one to personalize one’s cleaning schedule and access hard-to-reach
places. Due to their extreme usability, robotic vacuum cleaner sales are
expanding quickly. Additionally, it is anticipated that the cost of robotic
vacuum cleaners will rise during the forecast period due to the high-end
technology needed for such advanced features. In order to increase sales,
businesses are focusing on high-income demographics in the developed nations of
North America and Europe.
Browse over 185 market
data Figures spread through 110 Pages and an in-depth TOC on "Residential Vacuum Cleaner Market"
On the bases of distribution channel, the market is segmented into electronic and specialty retailers, hypermarket/
supermarket, online channel, others (direct sales, etc.). In which, the
online channel emerged as one of the most important growth drivers of the
market with the CAGR of 6.71% in forecast period. In addition to disseminating
information about new launches and technologically advanced products, social
media platforms have been crucial in raising awareness of the importance of
maintaining hygiene.
Asia Pacific dominated the global
residential vacuum cleaner market and accounted for a revenue share of 32.27%
in 2021, with China being one of the prominent countries in the markets. Some
of the main factors influencing the demand for vacuum cleaners in the region
include the substantial presence of local businesses, the accessibility of
inexpensive goods, and consumers' high purchasing power. In developing nations
like India, the demand for vacuum cleaners is being aided by the growing
electrification of rural areas and the widespread usability of online sales
channels. For instance, the "MC-YL633," a dry vacuum cleaner for
speedy cleaning, was launched by consumer electronics company Panasonic
Holdings Corporation in April 2022. To satisfy the needs of Indian customers,
the vacuum cleaner will be made available for sale across the country at a
reasonable price. It has a high suction power of a 2000W motor and an 18L dust
tank capacity.
Key market players in the
Global Residential Vacuum Cleaner Market include:
- Dyson Limited
- TTI Floor Care North America
- Bissell.Inc
- Midea Group
- iRobot Corporation
- AB Electrolux
- Panasonic Corporation
- LG Electronics Inc.
- Samsung Electronics Co.,
Ltd.,
- Haier Group Corporation
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“The demand for vacuum cleaners in the residential sector is increasing due to
the lack of time available for carrying out household tasks, such as cleaning
and organizing, in both in-office and remote working models. Also, the variants
of household vacuum cleaners with more versatility can be used to clean rugs,
couches, cars, and pet hair. Additionally, various market leaders are
continuously improving their products to match the escalating demand, which is
anticipated to propel the global residential vacuum cleaner market over the
coming years.” said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based global management consulting firm.
“Residential Vacuum Cleaner Market- Global Industry
Size, Share, Trends, Competition, Opportunities and Forecast, 2017-2027 Segmented
By Product (Canister, Upright, Robotic, Stick, Handheld, Others ((Drum, etc)), Type
(Corded, Cordless), By Technology (Smart, Non-Smart), By Distribution Channel (Electronic
and Specialty Retailers, Hypermarket/ Supermarket, Online Channel, Others
(Direct Sales, Etc.), By Region”, has evaluated the
future growth potential of global residential vacuum cleaner market and
provides statistics and information on market structure, size, share, and
future growth. The report is intended 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 present in the Global Residential
Vacuum Cleaner Market.
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