Vacuum Cleaners Market shall reach a value of $20,147. Million in 2027, growing with a CAGR of 9.1% during the forecast period of 2020 to 2027.
The rising realisation of the benefits of vacuum cleaners such as convenience, time-efficiency, coupled with a greater population of working women and betterment of consumer’s standard of living has led to the tremendous demand for the product. Manufacturing, healthcare, hospitality, service and retail commercial sectors also drive the vacuum cleaner market due to the growing requirement of maintaining hygiene and elimination of dust at the workplace and related areas. The emergence of eco-friendly and energy-efficient vacuum cleaners are opening up even more opportunities for market growth.
The emergence of smart gadgets and an increase in corporate offices coupled with innovation of small-sized, handheld and battery-operated devices has led to widespread commercial use of vacuum cleaners. The wave of social media and e-commerce operators propelled market growth even further. Consumer reviews on social media and facilitation of the same by e-com operators help market available products with authenticity and great reach. In addition to that, technical support calls as after-sales service is expected to augment to the growth of the market even further. Retail avenues and marketing campaigns spreading awareness of hygiene and availability of model variants with automated modes as well as compatibility with virtual assistants push the demand owing to technological advancements.
On the flip side, fake products under the identical brand name, unskilled post-sale service and unavailability of spare parts and high price pose as major threats to the growth of the demand of vacuum cleaners. Further, with the onset of COVID-19, disruption in availability of raw materials used to manufacture devices, logistics and distribution are going to negatively impact the demand-supply gap to a great extent. However, key players operating in the market are investing heavily in research and development activities and also encouraging local markets to develop and offer intelligent, portable, and lightweight vacuum cleaners to counter demand and price fluctuations over the coming years.
Vacuum Cleaners Market Competition
Key companies operating in this industry are iRobot, Ecovacs, Proscenic, Matsutek, Neato Robotics, LG, Samsung, Sharp, Philips, Mamibot, Funrobot (MSI), Yujin Robot, Vorwerk, Infinuvo (Metapo), Fmart, Xiaomi and Miele.
• Vacuum Cleaners Market Revenue Estimation and Forecast (2020 – 2027)
• Production Estimation and Forecast (2020 – 2027)
• Sales/Consumption Volume Estimation and Forecast (2020 – 2027)
• Breakdown of Revenue by Segments (2020 – 2027)
• Breakdown of Production by Segments (2020 – 2027)
• Breakdown of Sales Volume by Segments (2020 – 2027)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
Vacuum Cleaners Market Segmentation
Product Outlook (Revenue, USD Million, 2020 - 2027)
• Below 150 USD
• 150 USD to 300 USD
• 300 USD to 500 USD
• Above 500 USD
Application Outlook (Revenue, USD Million, 2020 - 2027)
• Vacuum Cleaners Breakdown Data by Application
Country (Revenue, USD Million, 2020 - 2027)
• United States
• South Korea
• Rest of Asia Pacific
• Rest of Europe
• Rest of South America
Middle East and Africa
• Saudi Arabia
Vacuum Cleaners Market Companies
• Neato Robotics
• Funrobot (MSI)
• Yujin Robot
• Infinuvo (Metapo)
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