Growing purchasing power and disposable income will drive the household vacuum cleaners market demand.

Sellbyville, DE -- (SBWire) -- 01/24/2019 --Global Household Vacuum Cleaners Market is expected to reach $17.5bn by 2024 and is projected to record CAGR of about 4.5% during forecast timeline. Increasing disposable income along with acceptance of modern lifestyle is predicted to encourage consumers for expending more on utilities and this will result in more demand for product.

Furthermore, swift technological innovations in the global industry are expected to provide efficient & durable items at reasonable costs. This aspect is predicted to boost global household vacuum cleaners industry trends during forecast timeline.

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Global household vacuum cleaners industry is segmented into robotic, upright, drum, canister, wet or dry and central. Products with tiny size and high suction ability as well as capacity to cleanse big surface area are projected to fuel upright segment growth. It is predicted to contribute greater than 25.1% to the total industry share by end of forecast timeline.

Robotic products segment is projected to experience substantial expansion in future. The growth can be credited to many innovative inbuilt or embedded features like mobile support, acoustic sensor, capacity to self-charge, sweeping brushes and automatic mapping abilities. It is predicted to experience good growth as the equipment requires less time and energy to operate. This segment contributed about 12.1% of the total household vacuum cleaners market share for 2015 and is predicted to contribute revenue of about $3.6 billion by end of forecast timeline.

Increasing infrastructural and development activities in Mexico will present opportunistic landscape for the household vacuum cleaners market share, with gains at over 5% till 2024. Improving living standards in China, India, and Mexico have led to increased investments which further supports household vacuum cleaners market growth. Moreover, presence of major industry participants in these regions will enhance aftersales service capabilities.

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Key industry participants profiled in the global household vacuum cleaners market research report include Oreck Corporation, Bissell Incorporation, Haier Group, Electrolux Group, Miele, Dyson Limited, Stanley Black & Decker, Eureka Forbes Limited, TTI Floor Care, Royal Philips Electronics, LG Corporation, Panasonic Corporation, iRobot Corporation and Samsung.

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