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Steam Cleaners Market - Global Industry Analysis, Size, Share, Growth, Trends, Forecast 2016 - 2024

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The steam cleaners market has been expanding speedily in recent times, due to the exponential increase in the number of dual-income households. Increase in the income of dual-income households has decreased the time to carry out household tasks. This fuels the demand for steam cleaners. Increasing popularity of steam cleaning or vacuum cleaning among working women is likely to drive the global steam cleaners market during the forecast period. Adoption of different kinds of lifestyles by households has augmented the market for steam cleaners across several regions of the world. Research and development activities have promoted the growth of the steam cleaners market, with the introduction of various kinds of new and innovative products. Global manufacturers are innovating different kinds of products and improving the existing products so as to enhance their efficiency of. Introduction of new and innovative steam cleaners with improved battery life, added room memory, and better efficiency is projected to fuel the steam cleaners market during the forecast period. Advancement in technology and change in consumers’ preference are the key trends that are likely to create more growth opportunities in the steam cleaners market. 

On the basis of end-users, the steam cleaners market has been segmented into residential and commercial. The commercial segment dominated the steam cleaners market in 2015 and is expected to continue its dominance during the forecast period. Growth of the hospitality industry if one of the key factors driving the commercial segment of the market. The residential segment holds a considerable share of the steam cleaners market, due to the increasing popularity of steam cleaners among working women.

Geographically, the steam cleaners market has been segmented into Europe, North America, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for a major share of the steam cleaners market in 2015 and the trend is projected to continue during the forecast period. Rise in the disposable income, increasing purchasing power of people, growth in the number of smart homes and dual-income households are the factors driving the steam cleaners market in the region. Australia accounts for a dominant share of the market in Asia Pacific. The market in China and India is experiencing significant growth, owing to the rise in standards of living and growth in residential construction in these countries. North America accounts for steady demand for steam cleaners, owing to the changing consumer preference to steam cleaners used for commercial purposes. The U.S. accounts for a major share of the market in this region. Europe is a mature market for steam cleaners, due to the increasing popularity of smart homes and increase in the number of dual-income households. Germany and Italy account for a major share of the steam cleaners market in Europe. The share held by Latin America in the global steam cleaners market is expected to increase in the near future, due to introduction of new and innovative products. Brazil accounts for a significant share of the steam cleaners market in Latin America. Middle East & Africa is an emerging market for steam cleaners, owing to the rising popularity of various types of steam cleaners. The global steam cleaners market is highly competitive with a large number of vendors operating in different parts of the world. 

Major players operating in the global steam cleaners market include HAAN Corporation, Bissell, and The Hoover Company. Some of the key vendors in the global steam cleaners market are Electrolux, LG, Karcher, Dyson, Samsung, Oreck, Vax, Vapamore, SALAV USA, Koninklijke Phillips, and Miele. 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

 


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