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Household Vacuum Cleaners - Global Market Trajectory & Analytics

  • ID: 1227786
  • Report
  • April 2021
  • Region: Global
  • 309 Pages
  • Global Industry Analysts, Inc
Global Household Vacuum Cleaners Market to Reach $23.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Household Vacuum Cleaners estimated at US$15.5 Billion in the year 2020, is projected to reach a revised size of US$23.4 Billion by 2027, growing at a CAGR of 6% over the analysis period 2020-2027. Upright, one of the segments analyzed in the report, is projected to record a 7% CAGR and reach US$7.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Canister segment is readjusted to a revised 6.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.2 Billion, While China is Forecast to Grow at 9.2% CAGR

The Household Vacuum Cleaners market in the U.S. is estimated at US$4.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5 Billion by the year 2027 trailing a CAGR of 9.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Robotic Segment to Record 7.1% CAGR

In the global Robotic segment, USA, Canada, Japan, China and Europe will drive the 6.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.9 Billion in the year 2020 will reach a projected size of US$2.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.1 Billion by the year 2027, while Latin America will expand at a 8.4% CAGR through the analysis period.

Select Competitors (Total 63 Featured):
  • AB Electrolux
  • BISSELL
  • Dongbu Daewoo Electronics Corporation
  • Dyson Ltd.
  • Groupe SEB
  • Haier Group
  • Hitachi Appliances Inc.
  • iRobot Corporation
  • Koninklijke Philips NV
  • LG Electronics
  • Midea Group
  • Morphy Richards
  • Neato Robotics
  • Panasonic Corp.
  • Samsung Electronics Co., Ltd.
  • Stanley Black & Decker Inc.
  • Techtronic Industries Co Ltd.
  • TTI Floor Care North America
  • Vax Ltd.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Market Overview
  • Recent Market Activity
  • Current and Future Analysis
  • Developed Markets Exhibit Modest Growth Prospects
  • Developing Regions to Lead Market Growth
  • Robotic Vacuum Cleaners Propel Growth in Household Vacuum Cleaner Market
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • AB Electrolux (Sweden)
  • BISSELL, Inc. (USA)
  • BSH Hausgeräte GmbH (Germany)
  • Dongbu Daewoo Electronics Corporation (South Korea)
  • Dyson, Ltd. (UK)
  • Eureka Forbes Ltd. (India)
  • Groupe SEB (France)
  • Haier Group (China)
  • Hitachi Appliances, Inc. (Japan)
  • iRobot Corporation (USA)
  • Midea Group (China)
  • Koninklijke Philips N.V. (Netherlands)
  • LG Electronics (South Korea)
  • Morphy Richards (UK)
  • Neato Robotics (USA)
  • Panasonic Corporation (Japan)
  • Samsung Electronics Co., Ltd. (South Korea)
  • Stanley Black & Decker, Inc. (USA)
  • Techtronic Industries Co., Ltd. (Hong Kong)
  • TTI Floor Care North America (North America)
  • Vax Ltd. (UK)
3. MARKET TRENDS & DRIVERS
  • Connected Vacuum Cleaners Gain Traction
  • Technological Innovations Stir Growth in the Market
  • Manufacturers Focus on Deep Cleaning Attributes
  • LED Lighting - An Additional Feature
  • Bagless Vacuum Cleaners Grow in Popularity
  • Cordless and Battery Powered Vacuum Cleaners Gain Growth
  • Demand on Rise for Vacuum Cleaners Especially Designed for Pet Owners
  • Upright Vacuum Cleaners Get less Noisy
  • Robotics Entities Eye on Artificial Intelligence to Develop Advanced Vacuum Cleaners
  • Rapidly Graying Population to Provide Traction for Robotic Vacuum Cleaners
  • Opportunity Indicator
  • Developing Countries Demonstrate Tremendous Potential for Robotic Vacuum Cleaners
  • Style Scores High
  • Increasing Demand for Compact Vacuums
  • Green Cleaning - Not Just About Chemicals
  • Growing Demand for Vacuum Cleaners Integrated with HEPA Filtration Technology
  • Factsheet
  • Replacement Demand Presents Sizeable Market Opportunity
  • Favorable Demographic Trends Push Demand
  • Rapid Urbanization & Increasing Standard of Living in India and China Drive Growth
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 63
Note: Product cover images may vary from those shown
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