The global household vacuum cleaners market was valued at $15,313.3 million in 2020 and is estimated to reach $29,133.8 million by 2031, registering a CAGR of 6.1% from 2022 to 2031.
Household vacuum cleaners are electrical appliances utilized to clean floors and carpets using suction. Vacuum cleaners are available in different sizes and models, including handheld devices, battery-powered, central vacuum cleaners, and others. The household vacuum cleaners market is a part of the household appliances industry, which is growing steadily owing to the increase in purchasing power, rise in health & hygiene concerns, and growth in working population.
The market is driven by high disposable income, better infrastructural facilities, and rise in demand for automated & less time-consuming cleaning solutions. Increase in urban population and improved standards of living in developing economies supplement the market growth. Increase in tech-savvy population and innovation in conventional household vacuum cleaners is expected to boost the demand for energy-efficient products in the market. Vacuum cleaners help improve efficiency and are eco-friendly in nature, thus preventing dust allergies in asthma patients. However, low awareness in remote areas and high energy consumption inhibit the growth of the market. Manufacturers have developed small handheld and robotic cleaners to tackle this situation.
Lockdown practices during the COVID-19 pandemic impelled people to stay at their home and work from their homes, which majorly influenced the growth of the household vacuum cleaner market in 2020. Vacuum cleaners were majorly purchased in homes to gain high comfort in regular cleaning activities.
According to the household vacuum cleaners market analysis, the household vacuum cleaners market is segmented into product, type, sales type, and region. By product, the market is categorized into upright, canister, central, drum, wet/dry, robotic, and others. By Type, it is bifurcated into corded and cordless. By sales channel, it is segregated into online and offline. By Region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Netherlands, Spain, Russia and Rest of Europe), Asia-Pacific (China, Australia, Japan, South Korea, India and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, South Africa, Saudi Arabia and Rest of LAMEA).
EU regulation that restricts the usage of vacuum cleaners above 900 watts, is also expected to affect the sales of the powerful upright, canister, and drum vacuum cleaners in the European market. Government initiatives for hygiene and cleanliness across India and China are expected to facilitate the adoption of household vacuum cleaners in the coming years. In addition, low product differentiation and presence of a significant number of market players have resulted in reduction of prices in these products. Rise in concerns on energy consumption by the Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) is expected to positively impact the industry growth as the companies are expected to focus on manufacturing environment-friendly products.
The major players operating in the market are Bissell, Inc., Dyson Ltd., Electrolux AB, Haier, Electronics Group Co., Ltd., iRobot Corporation, Koninklijke Philips N.V., LG Electronics, Inc., Miele & Cie. KG, Panasonic Corporation, and Samsung Electronics Co., Ltd.
Household vacuum cleaners are electrical appliances utilized to clean floors and carpets using suction. Vacuum cleaners are available in different sizes and models, including handheld devices, battery-powered, central vacuum cleaners, and others. The household vacuum cleaners market is a part of the household appliances industry, which is growing steadily owing to the increase in purchasing power, rise in health & hygiene concerns, and growth in working population.
The market is driven by high disposable income, better infrastructural facilities, and rise in demand for automated & less time-consuming cleaning solutions. Increase in urban population and improved standards of living in developing economies supplement the market growth. Increase in tech-savvy population and innovation in conventional household vacuum cleaners is expected to boost the demand for energy-efficient products in the market. Vacuum cleaners help improve efficiency and are eco-friendly in nature, thus preventing dust allergies in asthma patients. However, low awareness in remote areas and high energy consumption inhibit the growth of the market. Manufacturers have developed small handheld and robotic cleaners to tackle this situation.
Lockdown practices during the COVID-19 pandemic impelled people to stay at their home and work from their homes, which majorly influenced the growth of the household vacuum cleaner market in 2020. Vacuum cleaners were majorly purchased in homes to gain high comfort in regular cleaning activities.
According to the household vacuum cleaners market analysis, the household vacuum cleaners market is segmented into product, type, sales type, and region. By product, the market is categorized into upright, canister, central, drum, wet/dry, robotic, and others. By Type, it is bifurcated into corded and cordless. By sales channel, it is segregated into online and offline. By Region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Netherlands, Spain, Russia and Rest of Europe), Asia-Pacific (China, Australia, Japan, South Korea, India and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, South Africa, Saudi Arabia and Rest of LAMEA).
EU regulation that restricts the usage of vacuum cleaners above 900 watts, is also expected to affect the sales of the powerful upright, canister, and drum vacuum cleaners in the European market. Government initiatives for hygiene and cleanliness across India and China are expected to facilitate the adoption of household vacuum cleaners in the coming years. In addition, low product differentiation and presence of a significant number of market players have resulted in reduction of prices in these products. Rise in concerns on energy consumption by the Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) is expected to positively impact the industry growth as the companies are expected to focus on manufacturing environment-friendly products.
The major players operating in the market are Bissell, Inc., Dyson Ltd., Electrolux AB, Haier, Electronics Group Co., Ltd., iRobot Corporation, Koninklijke Philips N.V., LG Electronics, Inc., Miele & Cie. KG, Panasonic Corporation, and Samsung Electronics Co., Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global household vacuum cleaners market with current trends and future estimations to elucidate the imminent investment pockets in the market
- The report provides information regarding drivers, restraints, and opportunities with impact analysis
- A quantitative analysis from 2020 to 2031 is provided to showcase the financial competency of the market
- Porter’s five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain
- Competitive intelligence highlights business practices followed by leading market players across various regions
KEY MARKET SEGMENTS
By Product
- Upright
- Canister
- Central
- Drum
- Wet/dry
- Robotic
- Others
By Type
- Corded
- Cordless
By Sales Type
- Online
- Offline
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Netherlands
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Australia
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Landscape
Chapter 4: Household Vacuum Cleaners Market, by Type
Chapter 5: Household Vacuum Cleaners Market, by Type
Chapter 6: Household Vacuum Cleaners Market, by Sales Type
Chapter 7: Household Vacuum Cleaners Market, by Region
Chapter 8: Company Profiles
List of Tables
List of Figures
Executive Summary
According to a new report titled, “Household vacuum cleaners Market by Product, and Sales Type: Global Opportunity Analysis and Industry Forecast, 2021-2031,”The global household vacuum cleaners market was valued at $15,313.3 million in 2020 and is estimated to reach $29,133.8 million by 2031, registering a CAGR of 6.1% from 2022 to 2031.
Vacuum cleaner, a household appliance that uses suction to collect dust and small particles, is used for cleaning house floors and other surfaces. Today, the household vacuum cleaners gain a steady demand among customers due to concerns such as hygiene and improved living standards. Growing respiratory diseases due to dust and small particles fuel the sale of vacuum cleaners across the developed nations. Increase in population of tech-savvy consumers globally, especially in the Asia-Pacific region, has accounted for the increase in demand in the recent past. The countries in the Middle East and African region are expected to also witness increase in demand among middle to high income class households, seeking to adopt convenient and sophisticated solutions.
The household expenditure on consumer electronics products has increased in the recent past due to prosperous economic growth. The growing trend for dual income families and limited time for household chores are anticipated to fuel the market growth.
However, the increase in energy bills due to household appliances such as vacuum cleaners has limited the adoption of household vacuum cleaners among middle class consumers. The industry players focus on R&D to reduce the operation time and energy consumption.
The COVID-19 outbreak has positively impacted the overall growth of the household vacuum cleaners market. During the lockdown period, people were actively involved in replacing the old household appliances with new and advanced appliances.
According to the household vacuum cleaners market analysis, the household vacuum cleaners market is segmented into product, type, sales type, and region. On the basis of product, the market is categorized into upright, canister, central, drum, wet/dry, robotic and others. On the basis of type, it is bifurcated into corded and cordless. On the basis of sales channel, it is segregated into online and offline. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Netherlands, Spain, Russia and Rest of Europe), Asia-Pacific (China, Australia, Japan, South Korea, India and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, South Africa, Saudi Arabia and Rest of LAMEA).
According to the household vacuum cleaners market trends, on the basis of product, the robotic segment was valued at $2,596.8 million in 2020 and is projected to reach $6,418.1 million by 2031, growing at a CAGR of 8.6% from 2022 to 2031. Robotic vacuum cleaners are projected to grow at a significant CAGR of 11.6% during the forecast period, due to their automation capabilities and innovative features. Moreover, the ongoing technological advancement is expected to reduce their prices during the forecast period, which is expected to increase demand further.
According to type, the corded segment was valued at $4,615.1 million in 2020 and is expected to grow at $9,586.3 million by 2031, registering a CAGR of 6.9% during the forecast period. The corded segment accounted for the significant share in the global household vacuum cleaners market in 2020 and is expected to increase its share during the forecast period. This was attributed to its higher suction power and longer run time after it is plugged into the mains unit. Thereby, corded vacuum cleaners have a higher capacity of collecting dust as compared to the cordless vacuum cleaners. Corded household vacuum cleaners need bigger storage space in homes and are more expensive than cordless, thus gaining significant household vacuum cleaners market share.
On the basis of sales type, the online segment was accounted for a considerable share in the global household vacuum cleaners market and is expected sustain its share during the forecast period. Online mode of sale gains popularity globally due to the growing e-commerce market in both developed and developing countries. The availability of products at competitive prices attracts customers towards e-commerce. Sales of vacuum cleaners via the online mode is moderate nowadays, however its share is expected to grow in the future with improving consumer-shopping experience through e-commerce.
According to the household vacuum cleaners market opportunities, by region, North America has been gaining considerable share in household vacuum cleaners and is expected to sustain its share throughout household vacuum cleaners market forecast period. Technological advancement and high adoption rate for new technology are major attributes that drive the North America household vacuum cleaners market growth. The technological advancement in vacuum cleaners have made operation more user friendly. Since its invention, market players have invested significantly to reduce noise, increase battery backup, and reduce size. Robotic vacuum cleaner is the major advancement in the market, which is gaining widespread adoption among the consumers due to the convenience offered by them.
The players operating in the household vacuum cleaners industry have adopted product launch and business expansion as their key developmental strategies to expand market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Bissell, Inc., Dyson Ltd., Electrolux AB, Haier, Electronics Group Co., Ltd., iRobot Corporation, Koninklijke Philips N.V., LG Electronics, Inc., Miele & Cie. KG, Panasonic Corporation, and Samsung Electronics Co., Ltd.
Key Findings Of Study
- The household vacuum cleaners market size was valued at $15,313.3 million in 2020, and is estimated to reach $29,133.8 million by 2031, registering a CAGR of 6.1% from 2022 to 2031
- In 2020, depending on product, the central segment accounted for $1,110.0 million, garnering 72% of the global market share
- On the basis of type, the cordless segment acquired $10,698.20 million, exhibiting 699% of the global market share
China was the most prominent market in Asia-Pacific in 2020, and is projected to reach $3,089.3 million by 2031, growing at a CAGR of 6.7% during the forecast period.
Companies Mentioned
- Bissell, Inc.
- Dyson Ltd.
- Electrolux AB
- Haier
- Electronics Group Co., Ltd.
- iRobot Corporation
- Koninklijke Philips N.V.
- LG Electronics, Inc.
- Miele & Cie. KG
- Panasonic Corporation
- Samsung Electronics Co., Ltd..
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 | 129 |
| Published | February 2022 |
| Forecast Period | 2020 - 2031 |
| Estimated Market Value ( USD | $ 15313.3 million |
| Forecasted Market Value ( USD | $ 29133.8 million |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
