The global Vacuum Cleaner market size is expected to be worth around US$ 30.66 billion by 2030, according to a new report by Vision Research Reports.
The global Vacuum Cleaner market size was valued at US$ 15.01 billion in 2020 and is anticipated to grow at a CAGR of 18.6% during forecast period 2021 to 2030.
The COVID-19 lockdowns and related travel restrictions have restricted access to housekeeping services. The increased struggle to manage all household chores while maintaining high cleanliness and hygiene standards is driving the demand for household appliances such as vacuum cleaners.
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To put this into perspective, Panasonic India has seen a growth of 20% in the sales of vacuum cleaners compared to pre-COVID times. Eureka Forbes Ltd. also witnessed strong demand for vacuum cleaners amidst the pandemic in India.
The canister vacuum cleaner segment dominated the market in 2020 with a revenue share of over 25%. The development of canister vacuum cleaners equipped with a HEPA filter, which have a significantly low risk of causing pulmonary side effects such as allergies and asthma, is expected to work in favor of the segment’s future growth prospects.
The robotic segment is expected to witness an increase in demand over the next few years. New cleaning requirements and demands have emerged in response to the COVID-19 pandemic to free up the human workforce so that they can attain other duties, especially in hospitals. Such demands have necessitated the adoption of autonomous or robotic vacuum cleaners for the commercial sector.
The COVID-19 pandemic impacted the industrial and commercial business sector due to the long-term closure of manufacturing plants, shopping malls, restaurants, and other commercial spaces. As a result, the revenue for the industrial and commercial sectors declined in 2020. However, in the commercial sector, the hospital segment witnessed promising growth, chiefly owing to the labor shortage in hospitals and the need to maintain hygiene.
|Market Size||US$ 30.66 billion by 2030|
|Growth Rate||CAGR of 18.6% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Distribution, Application, Region|
|Companies Mentioned||iRobot Corporation, Dyson, Ecovacs, Nilfisk Group, Stanley Black & Decker, Inc., Panasonic Corporation|
- iRobot Corporation
- Nilfisk Group
- Stanley Black & Decker, Inc.
- Panasonic Corporation
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- Product Outlook
- Wet & Dry
- Distribution Outlook
- Application Outlook
- Food & Beverages
- Retail Stores
- Shopping Malls
- Regional Outlook
- North America
- The U.S.
- Asia Pacific
- Latin America
- North America
In this study, the years considered to estimate the market size of Vacuum Cleaner are as follows:
- History Year: 2017-2020
- Base Year: 2021
- Forecast Year 2021 to 2030
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– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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