Global vacuum cleaners market is expected to represent a value of over US$ 29,000 Mn by the end of 2026.
Albany, NY -- (SBWIRE) -- 12/14/2017 -- The vacuum, as an appliance, is one of the single most useful machines that any household can have. In recent years, vacuum cleaner technology has perceived some of the important advancements. Manufacturers are constantly focusing on developing next-generation vacuum cleaners that are smart, cordless, and enhance the user experience, making cleaning effortless. Although demand has remained steady over the years, a number of factors continue to influence the global market in the coming years, finds a new study broadcasted to the wide repository of Market Research Hub (MRH). The study is titled as "Vacuum Cleaner Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026" which offers major insights, analysis, and valuable guidance on the prospects of global vacuum cleaner market.
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According to the report highlights, the global vacuum cleaner market is expected to witness moderate growth, registering 4.3% CAGR during 2017-2026. The market is also estimated to reach US$ 29,704.1 million revenue by the end of 2026. As customers are becoming progressively aware about the harmful impact of the chemical components, sales of vacuum cleaners are likely to rev up during the forecast period.
Vacuum cleaners are being used on a large scale in residential as well as commercial spaces. While there are various alternatives for cleaning the house and floors, customers prefer adopting the vacuum cleaners. Apart from that, they are in demand because innovative technologies and features such as voice recognition, and Internet of Things (IoT) are being integrated into vacuum cleaners. In the present time, the robotic vacuum cleaners continue to witness increasing demand among the customers attributed to various advanced features. These vacuum cleaners are furnished with the sensors that smartly track the sequential path in order to avoid obstacles while cleaning the floor.
Moreover, increasing incidence of asthma and other breathing problems is boosting the demand for vacuum cleaners equipped with High-Efficiency Particulate Air (HEPA) filters.
In a bid to give readers seamless and detailed information, the vacuum cleaner market has been segmented on the basis of product type, end use, filter, sales channel, and region. Geographically, the market is segmented into Latin America, North America, Europe, Asia Pacific Excluding Japan (APEJ), Japan, and the Middle East and Africa (MEA). APEJ is likely to remain dominant in the global vacuum cleaner market during the forecast period 2017-2026.
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Upright Vacuum Cleaner Accounted for Top-Selling Products
Among various types of vacuum cleaner available in the market, such as handheld, upright, canister, stick and autonomous/robot, the upright vacuum cleaner is expected to emerge as one of the top-selling products in the global vacuum cleaner market during the forecast period 2017-2026. On the other hand, canister products are anticipated to generate significant revenues due to the growing need for cleaning the carpets and floor quickly.
Moving further, the study includes the profiles of key players in the market and the strategies adopted by them to sustain in the competition. The subsequent section also present company details, market performance, SWOT analysis, sales, volume and revenue forecast till 2026. Some of the key players profiled in the report include Panasonic Corporation, AB Electrolux, Haier Group Corp., Samsung Electronics Co., Ltd., LG Electronics, Inc., Bissell Inc., iRobot Corporation, Koninklijke Philips N.V., Dyson Ltd., and Techtronic Industries.
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