Vacuum Cleaners Market Share, Analysis, Segmentation, Industry Report, 2024

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Global Household Vacuum Cleaners Market to grow
at 4.6 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

• Household Vacuum Cleaners industry size is
  expected to grow at a rate of 4.6 over the
  period of 2016-2024. Changing urban lifestyles
  and demand for precise real time technologies
  will mainly drive the household vacuum cleaners
  market size over the coming timeframe. Tight
  schedule and active lifestyle makes time saving
  mandatory. Dual-earning families and middle
  income groups will face time-constraints to
  manage household chores. Therefore, accomplishing
  everyday domiciliary tasks besides the hectic
  work schedule will propel household vacuum
  cleaners industry growth.
• Rising living standards and enhanced consumer
  spending capacity on luxury appliances will
  further drive household vacuum cleaners industry
  revenue. Increasing awareness pertaining to
  time-efficiency, convenience and benefits derived
  due to vacuum cleaners use is expected to promote
  household vacuum cleaners market trends over the
  coming years. Moreover, swift advancements in
  technology supporting innovations will make it
  more energy efficient, economical, and
  user-friendly.

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Continued...

• Major household vacuum cleaners comprise Upright,
  Canister, Central, Drum, Wet/Dry, and Robotic
  cleaners. Robotic household vacuum cleaners
  market share will reach USD 3.5 billion by 2024,
  owing to its innovative features such as acoustic
  sensors, automated mapping capabilities,
  self-charging, and sweeping brushes. High demand
  for mobile support applications is expected to
  drive its growth over the coming years.
• Upright vacuum cleaners led the product
  landscape, owing to its small size and high
  performance ratio. It is anticipated to
  contribute over 25 of the overall household
  vacuum cleaners industry share by 2024 and will
  register a CAGR of 3.2 over 2016-2024. The
  growth can be attributed to major features such
  as small size with high suction capabilities and
  large cleaning surface area which adds to its
  high performance. Canister vacuum cleaners market
  is expected to register a CAGR of 4 over the
  timeframe of 2016-2025, owing to its
  user-friendly features.

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APAC Household Vacuum Cleaners Market size, by
product, 2013-2024 (USD Million)

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Continued...

• North America household vacuum cleaners market is
  expected to witness a high growth over the next
  few years on account of rising time constraints
  for home-based cleaning along with heath
  hygiene awareness among consumers. U.S. is
  expected to contribute significantly towards the
  regional share.
• Asia Pacific household vacuum cleaners industry
  share worth USD 3.7 billion in 2015, is expected
  to grow at a CAGR of 5.2 over the coming eight
  years, owing to its high demand. India, Japan,
  and China are predicted to boost the regional
  revenue.
• Market players will try to grow their regional
  presence and ROI through mergers acquisitions
  and product differentiation. They will try to
  compete in terms of price, product branding,
  technology, performance, energy consumption and
  quality. The key industry participants include
  TTI Floor Care, Oreck, Dyson, Stanley Black
  Decker, Panasonic, Samsung, Royal Philips
  Electronics, Eureka Forbes, Haier Group, iRobot,
  and LG.

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