The global wet vacuum cleaner market was valued at $1.0 billion in 2018, and is projected to reach $1.4 billion by 2026, registering a CAGR of 4.1% from 2019 to 2026. Wet vacuum cleaners are electrical appliances that are used to collect liquid spills as well as dust and are far more flexible & versatile than the regular vacuum cleaners. The wet vacuum cleaners are considered to be one of the best tool in cleaning house as well as commercial premises in a much easier and simpler way. These wet vacuum cleaners have two different compartments that are suitable for collecting both dry dust and wet spills with an ease. There are two types of wet vacuum cleaners available in the market including cordless and wired or corded wet vacuum cleaners through different distribution channelss. Moreover, advanced technology is being used in developing innovative wet vacuum cleaner to make it more useful as well as convenient for the customers for cleaning purpose. Thus, this has fueled the growth of the wet vacuum cleaner market in terms of value sales.
The growth of the wet vacuum cleaner market is driven by increase in health & hygiene concerns, and a rise in the working population globally. This has resulted in growing demand for efficient, time saving and IOT infused cleaning devices including wet vacuum cleaners in the retail market; thereby, driving the growth of wet vacuum cleaner market. Moreover, the wet vacuum cleaners are widely used in the commercial sector including the manufacturing industry, HoReCa (hotel/restaurants/café) industry and others. Thus, this in turn is driving the growth of the wet vacuum cleaner market. However, the low penetration of vacuum cleaner in the household sector coupled with high retail price of wet vacuum cleaner is projected to restrict the growth of wet vacuum cleaner market during the forecast period.
Nevertheless, advancement in technology as well as rapid growth of online platform is anticipated to provide immense opportunity of the wet vacuum cleaner in terms of value sales during the forecast period.
The global wet vacuum cleaner market is segmented into product type, application, distribution channels, and region. On the basis of product type, the market is classified into cordless and wired. By application, it is bifurcated into household and commercial. Depending on the distribution channels, it is divided into supermarket/hypermarket, specialty store, E-commerce and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the wet vacuum cleaner industry are Alfred Kärcher SE & Co. KG, Tennant Company, Nilfisk Group, Koninklijke Philips N.V., AB Electrolux, Tineco Intelligent Technology, Delfins, Bissell Group, Hako Group, and Shop Vacs.
Key benefits for stakeholders
Key market segments
By Product Type
By Price Point
By distribution channels
By Region
The growth of the wet vacuum cleaner market is driven by increase in health & hygiene concerns, and a rise in the working population globally. This has resulted in growing demand for efficient, time saving and IOT infused cleaning devices including wet vacuum cleaners in the retail market; thereby, driving the growth of wet vacuum cleaner market. Moreover, the wet vacuum cleaners are widely used in the commercial sector including the manufacturing industry, HoReCa (hotel/restaurants/café) industry and others. Thus, this in turn is driving the growth of the wet vacuum cleaner market. However, the low penetration of vacuum cleaner in the household sector coupled with high retail price of wet vacuum cleaner is projected to restrict the growth of wet vacuum cleaner market during the forecast period.
Nevertheless, advancement in technology as well as rapid growth of online platform is anticipated to provide immense opportunity of the wet vacuum cleaner in terms of value sales during the forecast period.
The global wet vacuum cleaner market is segmented into product type, application, distribution channels, and region. On the basis of product type, the market is classified into cordless and wired. By application, it is bifurcated into household and commercial. Depending on the distribution channels, it is divided into supermarket/hypermarket, specialty store, E-commerce and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the wet vacuum cleaner industry are Alfred Kärcher SE & Co. KG, Tennant Company, Nilfisk Group, Koninklijke Philips N.V., AB Electrolux, Tineco Intelligent Technology, Delfins, Bissell Group, Hako Group, and Shop Vacs.
Key benefits for stakeholders
- The report provides an extensive analysis of the current and emerging market trends and opportunities in the global market.
- The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing market opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favourable growth.
Key market segments
By Product Type
- Cordless
- Wired
By Price Point
- Household
- Commercial
By distribution channels
- Supermarket/Hypermarket
- Specialty Stores
- E-commerce
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- New Zealand
- Rest of Asia-Pacific
- LAMEA
- Middle East
- Latin America
- Africa
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Wet Vacuum Cleaner Market, by Product Type
Chapter 5: Wet Vacuum Cleaner Market, by Application
Chapter 6: Wet Vacuum Cleaner Market, by Distribution Channel
Chapter 7: Wet Vacuum Cleaner Market, by Region
Chapter 8: Competitive Landscape
Chapter 9: Company Profiles
Executive Summary
According to the report titled, 'Wet Vacuum Cleaner Market by Product Type, Applicationand Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026', the global wet vacuum cleaner market size was valued at $1.0 billion in 2018, and is projected to reach $1.4 billion by 2026, registering a CAGR of 4.1% from 2019 to 2026.The wired segment was the highest contributor to the market, with $606.8 million in 2018, and is estimated to reach $799.8 million by 2026, at a CAGR of 3.6% during the forecast period.Wet vacuum cleaners are electrical appliances that are used to collect liquid spills as well as dust and are far more flexible & versatile than the regular vacuum cleaners. The wet vacuum cleaner is a cleaning device that is designed to collect liquid spills as well as dry dust. Wet vacuum cleaners were primarily used for heavy duty jobs majorly in the commercial sector. However, new & compact models of wet vacuum cleaner in various sizes have been designed by manufacturers for domestic use. Moreover, due to advancements in technology and rise in demand for convenient and time-saving cleaning devices, a great change has taken place in the structure and design of the wet vacuum cleaner. Furthermore, they are easily accessible to the consumers through different distribution channels that include hypermarket / supermarket, specialty stores, online stores and others. Thus, this in turn has contributed in driving the growth of the wet vacuum cleaner market in terms of value sales.
The E- commerce segment in the wet vacuum cleaner market is anticipated to be the fastest growing segment during the forecast period. This is attributable to the easy accessibility, heavy discounts & offers on electronic devices by these online platforms, which boosts their adoption in the wet vacuum cleaner market, thus becoming a popular medium for the purchase of wet vacuum cleaners. Moreover, easy availability of different types of wet vacuum cleaners along with the information about the products coupled with the facility of home delivery contribute to the increase in sales of wet vacuum cleaner through online platform. Thus, this in turn is expected to propel the growth of the wet vacuum cleaner market in terms of value sales during the forecast period.
The global demand for wet vacuum cleaner is expected to increase due to rising concern toward hygiene among household as well as commercial sectors, owing to rise in health concern and emphasis on maintaining clean premises in the commercial sectors.
The global wet vacuum cleaner market is segmented into product type, application, distribution channel, and region. On the basis of product type, the market is classified into cordless and wired. By application, it is bifurcated into household and commercial. Depending on distribution channel, wet vacuum cleaner marketis divided into supermarket/hypermarket, specialty store, E-commerce and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings of the Study
The cordless segment is expected to grow at a CAGR of 4.8% during the forecast period.
Asia-Pacific regionis anticipated to dominate the wet vacuum cleaner marketgrowth, registering a CAGR of 5.9% during the forecast period.
North America is projected to exhibit exponential growth throughout 2026, registering aCAGR 3.4% during the forecast period.
The Specialty store distribution segment is anticipated to dominate the global s wet vacuum cleaner market analysis,with a CAGR of 3.6%during the forecast period.
The E-commerce segment is estimated to grow at a CAGR of 6.6%during the wet vacuum cleaner market forecast period.
The key players operating in the wet vacuum cleaner industry are Alfred Kärcher SE & Co. KG, Tennant Company, Nilfisk Group, Koninklijke Philips N.V. , AB Electrolux, Tineco Intelligent Technology, Delfins, Bissell Group, Hako Group, and Shop V
Companies Mentioned
- Alfred Kärcher SE & Co. KG
- Tennant Company
- Nilfisk Group
- Koninklijke Philips N.V.
- AB Electrolux
- Tineco Intelligent Technology
- Delfins
- Bissell Group
- Hako Group
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 225 |
| Published | April 2020 |
| Forecast Period | 2018 - 2026 |
| Estimated Market Value ( USD | $ 1 billion |
| Forecasted Market Value ( USD | $ 1.4 billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
