The Global Vacuum Cleaner Market- Market Share and Forecast 2017-2027 - PDF document

Global Vacuum Cleaner Market Thriving — Projected to Reach worth USD 16.86 billion in 2027 The Global Vacuum Cleaner Market - Market Share and Forecast 2017 - 2027 S ummary Global Vacuum Cleaner Market - By Product Type (Cannister, Central, Drum, Robotic, Upright, Wet & Dry); By Distribution Channel (online, offline); By Application (Industrial, Residential, Commercial); By End User (Industrial, C ommercial); By Region (North America, Europe, the Asia - Pacific, the Middle East & Africa, and Latin America) Trend Analysis, Competitive Market Share & Forecast, 2017 - 2027 A study recently conducted by the strategic consulting and market research firm, Bl ueWeave Consulting, revealed that the global vacuum cleaner market was worth USD 9.65 billion in 2020 and is further projected to reach USD 16.86 billion by 2027, at a CAGR of 8.3% during the forecast period (2021 - 2027). The rapid urbanization of developing countries, and an increase in the number of working women, are driving the demand for vacuum cleaners across the globe. Furthermore, growing consumer awareness of the import ance of hygiene, as well as an increase in the number of allergy - prone consumers are driving the growth of this industry .   View report Press release Sample report Global Vacuum Cleaner Market Thriving — Projected to Reach worth USD 16.86 billion in 2027 The Global Vacuum Cleaner Market - Market Share and Forecast 2017 - 2027 The global vacuum cleaner market was worth USD 9.65 billion in 2020 and is further projected to reach USD 16.86 billion by 2027, at a CAGR of 8.3% during the forecast period (2021 - 2027). The vacuum cleaner industry has seen tremendous growth due to an increase in the number of working women and improvementsinconsumers’livings tandards. Moreover, the rising number of consumers suffering from allergies and asthma has led to a surge in the demand for vacuum cleaners worldwide. Also, the emergence of certain updated versions of vacuum cleaners capable of capturing even the tiniest of contaminants is driving the growth of the global vacuum cleaner market. Market Overview The vacuum cleaner is a device that uses air pressure to remove dust, dirt, and allergens, such as pollen from surfaces such as the floor, furniture, and upholstery. Advantages include cleaning in less time, removal of micro dust particles and allergens, a nd convenience. The use of vacuum cleaners in industrial and commercial settings has skyrocketed, accelerating the industry's growth. Moreover, since consumers are becoming more aware of their respiratory health, vacuum cleaners are being widely used for c leaning purposes all over the world. Growth Drivers Increased hygiene, health, and safety issues driving market growth Maintaining hygiene has become critical in the domestic, industrial, and commercial domains. As a result of air pollution and allergens, the prevalence of asthma and other respiratory disorders has skyrocketed across the globe. Additionally, dust mites tha t live on surfaces of pillows, bedsheets, carpets, and sofa sets can also cause allergic reactions. Since only a vacuum cleaner can eliminate these hazards, the popularity of vacuum cleaners has soared, especially among households with members suffering fr om asthma and other respiratory disorders. Apart from homes, hospitals also rely heavily on vacuum cleaners to keep hospital beds and ICUs hygienic. These are the primary factors driving the growth of the vacuum cleaner market. Consumer's inclination towar ds adopting technologically advanced, eco - friendly, and convenient vacuum cleaners Changes in the standard of living of the consumers along with the growing awareness of benefits such as convenience and time - efficiency are expected to promote the demand fo r vacuum cleaners. The industry is also witnessing growth prospects as the demand for environmentally friendly and energy - efficient vacuum cleaners is soaring. Moreover, the market is also experiencing astounding Global Vacuum Cleaner Market Thriving — Projected to Reach worth USD 16.86 billion in 2027 growth owing to the rise in the population of working women who prefer time - saving and convenient gadgets. For example, cordless vacuum cleaners have quieter, more reliable, and streamlined performance and can be used for a variety of cleaning tasks. Thus, the advancement and availability of home c leaning devices that are compatible with virtual assistants such as Alexa and Google Home have been driving the growth of the vacuum cleaner market significantly. Restraints Presence of counterfeit products and unavailability of spare parts The vacuum clea ner market is severely hampered by the availability of imitation goods with the same brand name. Low quality and substandard counterfeit products greatly reduce the brand loyalty of the consumers, thereby impeding the market growth. Moreover, poor post - sal e service, coupled with lesser availability of spare parts also hinders the market growth. Once the products suffer some minor or major damage, it becomes very difficult to get them fixed due to the unavailability of spare parts. Last but not least, the fi nal price of the product usually tends to be on the higher end, which prevents consumers from purchasing the product. Impact of COVID - 19 The ongoing COVID - 19 pandemic has wreaked havoc on the lives of millions of people across the globe. Nevertheless, at the same time, it has also raised global awareness about the importance of personal and domestic hygiene. Thus, it is evident that the vacuum cleaner market has been positively impacted due to the COVID - 19 outbreak. As soon as the WHO proclaimed the COVID - 19 a pandemic, vacuum cleaners have been widely used in public buildings, offices, and service areas. Furthermore, the increased focus on personal hygiene has driven potential demand for cleaning facilities, which would inevitably lead to a rise in vacuum cleaner demand. The rising demand for a dust - free environment, as well as improved functionalities of central vacuum cleaners across commercial industries, are a few factors leading to the growth of the vacuum cleaner market amid the pandemic. Global Va cuum Cleaner Market: by Product type Based on product type, the global vacuum cleaner market is divided into Canister Central, Drum, Robotic, Upright, Wet & Dry, and others. The canister type holds the largest market share since it is highly flexible and c an clean corners effectively. Its ease of use and ability to reach confined corners has earned it a huge following in domestic settings. Besides the canister type, the upright type model is also Global Vacuum Cleaner Market Thriving — Projected to Reach worth USD 16.86 billion in 2027 highly preferred because of their convenient features such as compact size, lightweight, and portability. The fastest - growing product type, however, is the robotic type which is equipped with enhanced technologies like remote control, voice control, and navigation. Additionally, remote - controlled vacuum cleaners can be controlled from anywhere using smartphone apps, thereby making it apt for working women or consumers with hectic schedules. Global Vacuum Cleaner Market: by Distribution Channel Based on the distribution channel, the global vacuum cleaner market can be divided into online and offline. Until recently, the offline distribution segment dominated the industry, enabling consumers to test and inspect different vacuum cleaners before purchasing them. However, the online segment is catching up as the fastest - gr owing distribution channel due to the proliferation of e - commerce websites amid the ongoing pandemic. Manufacturers are now adopting innovative practicessuchas‘concepttesting’ononlineplatformswhichaidsintheacquisition of a potential consumer ba se based on feedback analysis. Global Vacuum Cleaner Market: by Application Based on application, the vacuum cleaner market is segmented into industrial, commercial, and residential. The residential segment dominates the global vacuum cleaner market. The g rowing number of allergic reactions and asthma cases caused by pollen, dust mites, and allergens is expected to fuel demand for residential vacuum cleaners, making this segment the largest. Nevertheless, vacuum cleaners in the industrial segment have grown exponentially since the COVID - 19 epidemic, making the industrial segment the fastest - growing. Industrial hygiene is a professional practice in large manufacturing units; thus, strict adherence to GMP guidelines by the manufacturers has led to the adoption of specially - built industrial vacuum cleaners in almost all major industrial units around the world. The two key factors expected to fuel demand for vacuum cleaners during the forecast period are innovations in the industrial segment and the high demand f or safety standards in industries during the pandemic. Global Vacuum Cleaner Market: by End - user Based on the end - user, the global vacuum cleaner market is divided into industrial and commercial. The commercial segment is further categorized into hospitals , retail stores, hospitality segment, shopping malls, and others. The growing trend of keeping areas hygienic and dirt - free has proven to be a major factor driving the demand for vacuum cleaners in the hospitality segment, thus, making the commercial segme nt the largest market. Additionally, the demand for noise - free Global Vacuum Cleaner Market Thriving — Projected to Reach worth USD 16.86 billion in 2027 vacuum cleaners in hospitals is also expected to fuel the growth of the commercial segment. The fastest - growing segment, however, is the industrial segment, which can be further categorized int o manufacturing, food & beverages, pharmaceuticals, construction, and others. Owing to manufacturers' increased emphasis on keeping their manufacturing unit neat, dirt - free, and hygienic, especially after the onset of the pandemic, the industrial segment i s catching up as the fastest - growing segment. Moreover, the food &beverage, and pharmaceutical industries are now taking GMP guidelines more seriously in order to manufacture their goods under hygienic conditions, creating a substantial demand for industri al vacuum cleaners. Global vacuum cleaner market by Region Based on region, the global vacuum cleaner market is grouped into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific holds the largest market share in th e global market due to its large population, especially in countries like India and China. The region also has the advantage of technological advancements. In India, for example, upper - middle - class and upper - class working consumers use vacuum cleaners to e nsure proper hygiene and save time in cleaning. North America is the second leading market mainly due to consumer preference for convenience. The household appliance sector is enormous in the United States, accounting for a major share in the consumer appl iance market. Additionally, the growing interest of manufacturers in producing smart and innovative vacuuming devices, combined with the rising customer demand for such products, is anticipated to propel the market growth. Competitive landscape Some major industrial players in the global vacuum cleaner market are - L.G. Electronics, Haier Group corp, Alfred Karcher SE & Co. Nilfisk Group, Tennant Company, Comac SpA, Nederman Holding AB, Eureka Forbes, Depureco industrial vacuum Srl, Diversey Inc. , Numatic International Ltd., Micheal Willams Engineering Ltd., Pullman - Ermator, Quirepace Ltd, Panasonic Corporations, Samsung Electronics. co., iRobot Corporation, and other prominent players. Major initiatives such as strategic alliances, joint agreemen ts, innovative product development, and collaborations are expected to assist global players in gaining a foothold in underutilized potential markets. Global Vacuum Cleaner Market Thriving — Projected to Reach worth USD 16.86 billion in 2027 Scope of report Attribute Details Years Considered Historical data – 2017 - 2020 Base Year – 2020 Forecast – 2021 – 2027 Facts Covered Revenue in USD Billion Market Coverage U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Japan, India, South Korea, China, India, UAE, South Africa, Saudi Arabia, Turkey Product/Service Segmentation By Product Type, By Application, By Distribution Channel, By End - User, By Region Key Players L.G. Electronics, Haier Group corp, Alfred Karcher SE & Co. Nilfisk Group, Tennant Company, Comac SpA, Nederman Holding AB, Eureka Forbes, Depureco industrial vac uum Srl, , Diversey Inc., Numatic International Ltd., Micheal Willams Engineering Ltd., Pullman - Ermator, Quirepace Ltd, Panasonic Corporations, Samsung Electronics. co., iRobot Corporation, and other prominent players.  By Product type o Canister o Central o Drum o Robotic o Upright o Wet & Dry o Others  By Distribution Channel o Online o Offline  By Application o Industrial Global Vacuum Cleaner Market Thriving — Projected to Reach worth USD 16.86 billion in 2027 o Residential o Commercial  By End - use o Industrial § Manufacturing § Food & Beverages § Pharmaceuticals § Construction § Others · Commercial § Hospital § Retail Stores § Hospitality § Shopping Malls § Others By Region · North America § The U.S. § Canada · Europe § The U.K. § Germany § France § Italy § Spain § Rest of Europe · Asia - Pacific § China § India Global Vacuum Cleaner Market Thriving — Projected to Reach worth USD 16.86 billion in 2027 § Japan § South Korea § Rest of Asia - Pacific · Latin America § Brazil § Mexico § Rest of Latin America · Middle East & Africa o South Africa o U.A.E o Saudi Arabia o Turkey o Rest of Middle East & Africa Global Vacuum Cleaner Market Thriving — Projected to Reach worth USD 16.86 billion in 2027 About us Blueweave Consulting offers a one - stop solution for your market intelligence needs for any service or product. You get well - researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well informed and tim ely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk - return trade - off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successful. For more information, kindly visit our Website www.blueweaveconsulting.com contact us at info@blueweaveconsulting.com Global Vacuum Cleaner Market Thriving — Projected to Reach worth USD 16.86 billion in 2027