The Vacuum Cleaner Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Vacuum Cleaner Global Market Report 2024, The vacuum cleaner market size has grown strongly in recent years. It will grow from $9.67 billion in 2023 to $10.48 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to rise in dual-income households, improving living standards, growing awareness of allergen awareness, health and hygiene, changing lifestyles.
The vacuum cleaner market size is expected to see strong growth in the next few years. It will grow to $14.65 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to growing demand for smart home integration, health and air quality concerns, hepa and advanced filtration, rental and subscription services, e-commerce growth.. Major trends in the forecast period include robotics and ai, sustainability and eco-friendly models, cordless and lightweight designs, collaborative cleaning, vacuum cleaners with uv light sanitization.
Increasing disposable income is expected to propel the growth of the vacuum cleaner market going forward. The income available to be spent after deduction of taxes and social security charges is called disposable income. Increasing disposable income and lifestyle changes have fueled the market for vacuum cleaners steadily in the past few years. People are shifting towards electronic gadgets to make their lives easier and faster due to their changing lifestyles and increasing disposable income, which allows them to save more money and spend more money on products or gadgets to make their lives more comfortable. For instance, according to the U.S. Bureau of Economic Analysis (BEA), the official website of the United States government, in 2022, the personal disposable income of an American citizen has increased by 0.4% and spending has increased by 0.9% monthly. Therefore, the increasing disposable income is driving the demand for the vacuum cleaner market.
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The vacuum cleaner market covered in this report is segmented –
1) By Product: Canister, Central, Drum, Robotic, Upright, Wet and Dry, Other Products
2) By Application: Industrial, Residential, Commercial
3) By Distribution Channel: Online, Offline
Technological advancement is the key trend gaining popularity in the vacuum cleaner market. Major companies operating in the vacuum cleaner market are focused on developing technologically advanced products to strengthen their market position. For instance, in March 2022, Creative Newtech Ltd., an India-based company operating in the designing and developing of cleaning equipment, launched Dustor, a next-gen robotic vacuum cleaner with light detection and ranging (LIDAR) technology. The Dustor is a next-generation robotic vacuum cleaner that is capable of tracing the smallest particles of dust where human eyes cannot see them, cleaning surroundings with the intervention of humans, and crossing obstacles while cleaning.
The vacuum cleaner market report table of contents includes:
1. Executive Summary
2. Vacuum Cleaner Market Characteristics
3. Vacuum Cleaner Market Trends And Strategies
4. Vacuum Cleaner Market – Macro Economic Scenario
5. Global Vacuum Cleaner Market Size and Growth
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26. South America Vacuum Cleaner Market
27. Brazil Vacuum Cleaner Market
28. Middle East Vacuum Cleaner Market
29. Africa Vacuum Cleaner Market
30. Vacuum Cleaner Market Competitive Landscape And Company Profiles
Top Major Players:
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