Albany, NY -- (SBWIRE) -- 11/23/2015 -- Transparency Market Research has published a new report on the global household vacuum cleaners market. According to the report, the global household vacuum cleaners market was valued at US$11.0 bn in 2012 and is predicted to expand at a 4.90% CAGR to reach US$14.6 bn by 2018. The report, titled 'Household Vacuum Cleaners Market - Global Industry Analysis, Size, Share And Forecasts 2012 - 2018', states that the global household vacuum cleaners market is expected to develop rapidly due to increasing awareness among people about the many benefits of vacuum cleaners.

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The global household vacuum cleaners market has seen considerable development in the recent past due to the introduction of the latest vacuum cleaner technology by leading players. The traditional brooms are now taken over by advanced household vacuum cleaners and other such equipment. The global household vacuum cleaners market is segmented on the basis of geography, product type, and retail selling price. Increasing disposable incomes and growing encouragement to creating eco-friendly and energy-efficient vacuum cleaners are some of the major reasons of rapid development of the global household vacuum cleaners market.

By product type, the global household vacuum cleaners market is divided into canister vacuum cleaners, upright, central, robotic, drum, wet/dry, and other vacuum cleaners such as handheld and stick operated. In 2012, the global household vacuum cleaners market was led by the canister household vacuum cleaner segment, which held a 35% market share. This segment was valued at US$4.21 bn in 2012 and is expected to maintain its dominant position by 2018. However, the robotic household vacuum cleaner segment is expected to be the fastest growing segment till 2018. Innovations such as automated mapping capacities, acoustic sensors, sweeping brushes, and self-charging cleaners will drive the robotic household vacuum cleaners segment during the forecast period.

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Leading companies in the global household vacuum cleaners market are constantly taking efforts to introduce eco-friendly house vacuum cleaners that are compact as well as easy to operate. Some of the leading players in the global household vacuum cleaners market are TTI Floor Care, Miele, and Bissell. Geographically, the global household vacuum cleaners market is divided into regions such as North America, Asia Pacific, Europe, and Rest of the World. The Asia Pacific regional market was the largest segment of the global market in 2012. The Asia Pacific household vacuum cleaners market held a 30.50% market share in 2012 and is expected to remain a market leader till and beyond 2018. The spread of urbanization in countries such as India, China, South Korea, Indonesia, and Malaysia and the consequent rise in the number of people requiring and being able to afford vacuum cleaners is beneficial for the APAC household vacuum cleaners market.

By retail selling price, the global household vacuum cleaners market is divided into vacuum cleaners sold at a price less than US$200 and more than US$200. In the segment of vacuum cleaners costing more than US$200, Dyson dominates the global household vacuum cleaners market. Considering their features and ease of use, most families are attempting to replace their old brooms and vacuum cleaners with new eco-friendly vacuum cleaners. As new household vacuum cleaners consume less power and hardly make any noise, their demand is increasing rapidly across the globe. Developments in the technology of household vacuum cleaners will drive the global household vacuum cleaners market during the forecast period.

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Key segments of Global Household Vacuum Cleaners Market

By Product Type
Upright vacuum cleaners
Canister vacuum cleaners
Central vacuum cleaners
Robotic vacuum cleaners
Drum vacuum cleaners
Wet/dry vacuum cleaners
Other vacuum cleaners (Handheld, stick etc)

By Retail Selling Price
Price less than USD 200
Price more than USD 200

By Geography
North America
Europe
Asia-Pacific
Rest of the World

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