Vacuum Cleaner Market Overview:
The Vacuum Cleaner market report offers a thorough analysis of the opposition, together with information on market share and company profiles for the leading foreign rivals. The scope of the study includes a full examination of the Vacuum Cleaner Market as well as the factors influencing regional variations in the growth of the sector.
Vacuum Cleaner Market was worth US$ 10.97 Bn in 2021 and total revenue is expected to grow at a rate of 9.6% CAGR from 2022 to 2029, reaching almost US$ 22.84 Bn in 2029.
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Market Scope:
After market engineering, which involved market statistics calculations, market size predictions, market projections, market breakdown, and data triangulation, was complete, extensive primary research was carried out to collect data and check and validate important figures. Throughout the market engineering process, top-down, bottom-up, and other data triangulation methodologies were routinely employed to conduct market estimates and forecasting for the overall market segments and sub-segments outlined in this research. In order to provide vital information throughout the study, all data collected during the market engineering process is submitted to extensive qualitative and quantitative analysis.
Market Dynamics:
With today’s vacuum cleaners, most cleaning tasks can be completed more quickly and easily. As a result of the growing demand for innovative cleaning equipment of all sizes, manufacturers have been forced to develop products that use cutting-edge technology. Following the COVID-19 pandemic, Brain Corp. partnered with AT&T Mobility LLC in April 2020 to investigate IoT applications for their mobile cleaning robots that are autonomous. Before that, Brain Corp. worked with vacuum cleaner producers like Alfred Karcher SE & Co. KG and Nilfisk Group to create self-driving vacuum cleaners based on the Brains AI platform.
Market Segmentation:
The market is divided into Handheld, Canister, Upright, Stick, and Autonomous/Robot categories based on product type. Demand for robotics is anticipated to increase over the coming years. New cleaning requirements and needs have emerged in response to the COVID-19 pandemic in order to free up the labour force for other jobs, particularly in hospitals. Such expectations have led to the adoption of robotic or autonomous vacuum cleaners in the commercial sector. Automatic charging, the smart home trend, and voice-activated instructions offered by virtual assistants like Amazon Alexa and Google Assistant are features that appeal to residential clients and end users.
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Key Players:
To identify the market’s leaders and predict market revenue, both primary and secondary research are performed. CEOs, marketing executives, and seasoned front-line employees are just a few of the influential thought leaders and subject matter experts who are included in the main study’s in-depth interviews. As part of the primary research, extensive interviews with important thought leaders and business professionals, such as CEOs, marketing executives, and seasoned front-line staff, were conducted. As part of the secondary research, a review of the annual and financial reports of the major manufacturers was also done. Secondary data is employed to calculate percentage splits, market shares, growth rates, and market breakdowns. The results of these calculations are then compared to primary data. The Vacuum Cleaner market is dominated by the following businesses:
• Haier Group Corp.
• AB Electrolux
• Samsung Electronics Co., Ltd.
• LG Electroncis, Inc.
• Dyson Ltd.
• iRobot Corporation
• Bissell Inc.
• Koninklijke Philips
• Panasonic Corporation
• Techtronic Industries.
• Miele & Cie. KG,
• Dyson Ltd.
• Eureka Forbes Ltd.
• EXAIR Corporation
• Josef Kränzle GmbH & Co. KG
• Sibilia
• American Vacuum Company
• Debus GmbH
• Ghibli & Wirbel SpA
• Pullman-Ermator
• Goodway
• VAC-U-MAX
• CS Unitec Inc.,
• Oreck Corporation
• Stanley Black & Decker Inc
Regional Analysis:
The regional overview of market research for Vacuum Cleaner also discusses key market-influencing elements and legal developments that have an impact on current and future market trends. Current and upcoming trends are investigated in order to evaluate the whole market potential and find lucrative patterns in order to establish a better footing. The basis for evaluating the regional market is the current environment and expected trends.
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COVID-19 Impact Analysis on Vacuum Cleaner Market:
Owing to a halt in operations, the growth of end-user industries using Vacuum Cleaner decreased from January 2020 to May 2020. These countries included Spain, France, Italy, China, the United States, the United Kingdom, and Spain. As a result, the market for Vacuum Cleaner manufacturers as well as the profits of companies operating in these industries both experienced a sharp decline. This had an impact on the market’s expansion in 2020. Due to lockdowns and an increase in COVID-19 occurrences globally, end-user business need for Vacuum Cleaner has been severely decreased.
Key Questions Answered in the Vacuum Cleaner Market Report are:
- Which market segment accounted for the most percentage of Vacuum Cleaner in 2021?
- How competitive is the market environment?
- What are the primary factors influencing the Vacuum Cleaner market’s growth?
- Which region dominates the Vacuum Cleaner market in terms of market share?
- What is the expected market CAGR from 2022 to 2029?
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