Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2025
Harrisburg, NC -- (SBWIRE) -- 10/16/2020 -- The household vacuum cleaner manufacturing market consists of sales of vacuum cleaners which are home appliances used to remove dirt and soil from carpets, floors, and furniture. Residential vacuums are generally designed for aesthetics, usability, and affordability.
The global household vacuum cleaners market was worth $16 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 7.16% and reach $21.1 billion by 2023
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The prominent players in the global Household Vacuum Cleaners market are:
AB Electrolux, Miele & Cie. KG, Samsung Electronics Co., Ltd., Dyson Ltd., Bissell Inc., iRobot Corporation, Panasonic Corporation, Koninklijke Philips N.V., Haier Group Corporation, LG Electronics
Global Household Vacuum Cleaners Market Overview
In 2019, North America was the largest region in household vacuum cleaners market.
The household vacuum cleaner market covered in this report is segmented by type of product into upright, canister, central, robotic, drum, wet/dry, and other. The household vacuum cleaner market in this report is segmented by mode of sale into offline, and online. The household vacuum cleaner market in this report is segmented by type of use into floor vacuum cleaner, window vacuum cleaner, and pool vacuum cleaner. The household vacuum cleaner market in this report is segmented by operation mode into self-drive, and remote control
The rise in awareness for hygiene contributed to the growth of the household vacuum cleaners market in the historic period. There has been an increase in pathogens and infectious diseases. This has led to an increasing awareness on the importance of maintaining hygiene in care, nursing and residential areas, which in turn has driven the market for household vacuum cleaners. In 2018, according to a poll conducted by Hygiene Company SCA in the UK, 47% of people spend more than five hours a week on domestic cleaning tasks. Increase in awareness for hygiene coupled with the rise in disposable income drove the market for household vacuum cleaners.
Rise in awareness about the adverse effects of high energy consumption, and the carbon footprint associated with the usage of vacuum cleaners is expected to restrain the market in the forecast period. Several factors such as increasing internet penetration led to an increase in awareness about the consumption of energy, rising cost of energy and adverse effects associated with the usage of several household appliances such as vacuum cleaners. In 2019, European Union banned the sale of vacuum cleaners containing motors more powerful than 900W. These factors will limit the growth of the household vacuum cleaners.
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Household vacuum cleaner manufacturers are increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient appliances can be attributed to the stringent government regulations on electric home appliances and advances in technology. Energy efficient vacuum cleaners are designed to utilize minimum energy to complete the required task. Currently, over 80 countries have standards and labels for energy efficient appliances. For example, European Commission- Eco design requirements for Vacuum Cleaners contains eco-design requirements for several types of vacuum cleaners.
In July 2017, CDH Fund V, L.P., a private equity fund bought a significant stake in SharkNinja Operating LLC for an undisclosed amount. This partnership is expected to accelerate the growth of SharkNinja brand of products globally. Shark Ninja is a USA based manufacturer of home and kitchen electrical appliances including vacuum cleaners.
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Furthermore, Global Household Vacuum Cleaners Market following points are involved along with a detailed study of each point: –
– Global Household Vacuum Cleaners Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
– Global Household Vacuum Cleaners Market competition by Manufacturers (2020-2025)
– Production and Consumption by Regions
– Complete profiling and analysis of Manufacturers (2020-2025)
– Manufacturing cost analysis, Materials analysis, Region-wise manufacturing expenses
– Industrial Chain, Sourcing Strategy and Downstream Buyers
– Marketing Strategy Analysis, Distributors/Traders
– Global Household Vacuum Cleaners Market Effect Factors Analysis (2020-2025)
– Global Household Vacuum Cleaners Market Forecast (2020-2025)
– Global Household Vacuum Cleaners Market Research Findings and Conclusion
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyses key emerging trends and their impact on present and future development.
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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