The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of Vacuum Cleaner Market during the forecast period. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the Vacuum Cleaner Market on the basis of product type, application, technology, and region. To offer more clarity regarding the Vacuum Cleaner Market Industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.
Vacuum Cleaner Market Overview:
This study looks at the market growth drivers and roadblocks for the manufacturer, as well as an assessment of the market’s fir strategies, procedures, and financially sound and grow plan. Individual customer requirements can be satisfied through customization and a deep understanding of market opportunities. The Vacuum Cleaner Market provides a comprehensive overview of the market’s competitive landscape and key players. This report can assist with structural planning in light of current industry conditions.
Expected Growth Value Of Vacuum Cleaner Market :
Vacuum Cleaner Market was worth US$ 10.01 Bn in 2020 and total revenue is expected to grow at a rate of 9.6% CAGR from 2021 to 2027, reaching almost US$ 19.02 Bn in 2027.
Market Scope:
As per the forecast period 2021-2027, the Vacuum Cleaner market is expected to grow at a steady rate of between 2021 and 2027. This study covers the Vacuum Cleaner market and provides a value-based analysis and estimate. This study and analysis of market drivers, restraints, and opportunities affecting the growth of the Vacuum Cleaner Market is included in this report. The global market has been segmented into four categories: type, source, end-user, and geography (country-wise). The scope of the research is a strategic analysis of the Vacuum Cleaner market in terms of individual growth trends, future prospects, and the contributions of important sub-market stakeholders. Vacuum Cleaner market analyses and forecasts for five key regions: North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America, as well as country-by-country segmentation. Major industry participants’ profiles, as well as their strategic orientations, market positioning, and core competence analysis, are offered. The top players in the Vacuum Cleaner Market are also profiled, with details on their recent competitive advancements, investments, strategic growth, and competitive landscape.
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Vacuum cleaner Market Dynamics:
Most cleaning jobs may be completed more quickly and easily with today’s vacuum cleaners. The need for creative cleaning equipment of all sizes is on the rise, prompting manufacturers to create solutions that incorporate cutting-edge technology. In the aftermath of the COVID-19 pandemic, Brain Corp. teamed with AT&T Mobility LLC in April 2020 to explore IoT applications in their autonomous cleaning mobile robots. Prior to that, vacuum cleaner manufacturers such as Alfred Karcher SE & Co. KG and Nilfisk Group collaborated with Brain Corp. to produce self-driving vacuum cleaners based on the Brains AI platform.
In 2020, demand for vacuum cleaners grow at an exponential rate in both the residential and commercial sectors, to the increased requirement to maintain hygiene in hospitals and households in the wake of the COVID-19 outbreak. Several companies reported a rise in income in these areas, although demand for vacuum cleaners in the industrial sector decreased as a result of global plant closures. One of the most important growth drivers in the market is the rising importance of social media and online sales platforms.
Changes in customer dynamics and novel technologies are driving significant changes in the vacuum cleaner sector. Cleaning is becoming smarter as smart apps and robotic technology are used to extract new value from data generated by various industry verticals. Companies are working on developing sustainable products with reduced emissions and noise, in addition to digitally upgraded items. Furthermore, numerous prominent firms have produced items such as steam cleaners that would be used to disinfect surrounds to profit on the sales potential during the epidemic. Companies were able to improve their revenues thanks to the launch of these products.
Precision Farming Market Segmentation:
Based on Product type, the market is sub segmented into Handheld, Canister, Upright, Stick and Autonomous/Robot. Over the next few years, the robotics segment is likely to see a growth in demand. In response to the COVID-19 pandemic, new cleaning needs and demands have evolved in order to free up the human workforce for other tasks, particularly in hospitals. For the business sector, such expectations have prompted the adoption of autonomous or robotic vacuum cleaners. Residential clients and end-users are attracted to features such as automatic charging, the smart home trend, and voice-activated instructions provided by digital voice assistants such as Amazon Alexa and Google Assistant.
Canister vacuum cleaners are more efficient than upright vacuum cleaners. Canister vacuum cleaner offer better suction and flow-rate. Canister vacuum cleaner segment dominated the vacuum cleaner market and is estimated to grow at the faster rate. Canister vacuum cleaners are the costliest among other. Robotic vacuum cleaners market is projected to grow at moderate rate, with products being developed by leading companies that utilize intelligent programming and sophisticated components.
Based on End use, the market is sub-segmented into Commercial and Household. Household vacuum cleaner is leading segment having market share of 48 % in 2020. Increasing awareness of consumers towards hygiene, advent of efficient appliances, upsurge in consumer living standards, escalating income levels. Increasing awareness about advantages of vacuum cleaners usage is also encouraging the low-income households, to purchase vacuum cleaners. Commercial segment will show a moderate growth during forecast period.
Some prominent players in the Vacuum Cleaner Market:
• 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
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Regional Insights on Vacuum Cleaner Market :
The several sections on regional segmentation provide information on the regional characteristics of the Vacuum Cleaner Market. This chapter discusses the regulatory environment that will have an impact on the market. It highlights the market’s political landscape & anticipates its impact on the worldwide Vacuum Cleaner Market industry. Global brands’ presence and availability, as well as the problems they face from fierce competition from local & domestic brands, the influence of domestic tariffs, and trade channels, are all considered. The Vacuum Cleaner Market report examines the five areas & their distribution by country:
North America – (U.S., Canada, and Mexico)
Europe – (U.K., Germany, France, Spain, Italy, Sweden, CIS Countries, and Rest of Europe)
Asia Pacific – (China, India, Japan, South Korea, Australia, ASEAN, and Rest of APAC)
Middle East & Africa – (South Africa, GCC Countries, Nigeria, Egypt, and Rest of ME&A)
South America – (Brazil, Argentina, Colombia, and Rest of South America)
COVID-19 Impact Analysis on Vacuum Cleaner Market:
The recovery phase of the COVID-19 outbreak has come to an end over the world. Maximize Industry Research has released the Vacuum Cleaner Market Status, Trends, and COVID-19 Impact Report 2021, which gives a detailed look at the Vacuum Cleaner market in light of the present economic situation.
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The report provides insights on the following:
- Market Penetration: Offers complete information on the market offered by the key players
- Market Development: Provides in-depth information about emerging market trends and analyses the markets
- Competitive Assessment & Intelligence: Provides a comprehensive assessment of market shares, strategies, products, and manufacturing capabilities of the leading key players operating in the market
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