U.S. Vacuum Cleaners Market share grow at 4% CAGR from 2016 to 2024

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Vacuum Cleaners Market share to grow at 4.5 CAGR
from 2016 to 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Household Vacuum Cleaners
Market

• 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.
• Key participants in the industry include TTI,
  iRobot, Dyson, Bissel, and Electrolux. Other
  major participants include LG, Haier, Miele, etc.
  The household vacuum cleaners market is
  characterized with innovative product development
  and mergers acquisitions.

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Continued...

• Intense competitive scenario will compel players
  to invest heavily in RD to gain competitive
  edge. Industry participants are focusing to
  reduce overall cost as price remains a key
  influencing factor in the buying decision.
• Growing means of retailing channels, which
  include mail, telephone, catalogs, brick and
  mortar stores, websites, and social networking
  have led to increased consumer accesses to these
  products. Partnership establishments between
  manufacturers and these distribution channels
  will help the household vacuum cleaners market to
  gain high penetration over the forecast
  timeframe.

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Germany Household Vacuum Cleaners Market, By
Product, 2013-2024, (USD Million)

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360 Analysis

• Application Trends
• Vacuum cleaners are one of the handiest tools for
  cleaning homes. They offer an effective way for
  cleaning floors and reduce the risk of allergies
  by purifying the air quality. It utilizes an air
  pump for creating vacuum and extracting dust and
  dirt from upholsteries, draperies, and floors. It
  contains a dust bag or cycle, which has the
  capacity to store a significant amount of dust
  for disposal purpose.
• Regional Trends
• U.S. household vacuum cleaners market share will
  grow at over 4 CAGR. The popularity of bag-less
  and multi-surface products will support the
  industry demand. Increasing disposable income,
  rising health awareness, and improved standards
  of living will support the APAC industry demand.
  Rising consumer preference switch from
  conventional cleaning processes to automated
  cleaning solutions will also support the
  household vacuum cleaners market size.
• Competitive Market Share
• The household vacuum cleaners market is
  characterised by a few established players
  acquiring major industry share. Offering
  differentiated products is the prime strategy
  followed by companies. Dyson, Hoover (TTI),
  Bissell, Oreck, LG, Electrolux, Haier, and Miele
  are some of the industry participants.

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