Published: Nov, 2017
Cleaning tight corners and hard-to-reach spaces, vacuum cleaners are being used on a large scale in residential as well as commercial spaces. In recent years, vacuum cleaner technology has witnessed some of the important advancements. Manufacturers are focusing on developing next-generation vacuum cleaners that are smart, cordless, and enhance the user experience, making cleaning effortless. Smart vacuum cleaners with filter sensing, floor sensing, and battery sensing technologies are also being developed. Increasing focus on sustainable lifestyle is also driving the demand for energy-efficient vacuum cleaners. Moreover, increasing incidence of asthma and other breathing problems is boosting the demand for vacuum cleaners equipped with High Efficiency Particulate Air (HEPA) filters.
In order to withstand competition, manufacturers are focusing on introducing low cost yet technologically advanced vacuum cleaners. Manufacturers are also developing two-in-one smart vacuum cleaners that can be easily converted from floor to handheld vacuum cleaners. The trend of scented filters in vacuum cleaners that dispense pleasant aroma while cleaning is also gaining traction.
The report also provides a detailed profile of some of the leading market players in the global vacuum cleaner market such as AB Electrolux, Haier Group Corp., LG Electronics, Inc., Samsung Electronics Co., Ltd., Dyson Ltd., Bissell Inc., iRobot Corporation, Panasonic Corporation, Koninklijke Philips N.V., and Techtronic Industries.
Global Vacuum Cleaner Market to Witness Moderate Growth during 2017-2026
According to the latest report compiled by Transparency Market Research (TMR), the global vacuum cleaner market is expected to witness moderate growth, registering 4.3% CAGR during 2017-2026. The market is also estimated to reach US$ 29,704.1 million revenue by the end of 2026.
The global vacuum cleaner market is segmented on the basis of product type, end use, filter, sales channel, and region. On the basis of product type, upright vacuum cleaner is expected to emerge as one of the top-selling products in the global vacuum cleaner market during the forecast period 2017-2026. On the basis of end-use, the market is segmented into commercial, and household. Among these, the household segment is expected to be the largest user of vacuum cleaner.
By filter, the market is segmented into with bag, and bagless. Bagless vacuum cleaners are likely to be the highly preferred vacuum cleaner in the global vacuum cleaner market. On the basis of sales channel, third party online channel is likely to emerge as one of the biggest sales channels for vacuum cleaner.
Geographically, the market is segmented into North America, Europe, Latin America, Asia Pacific Excluding Japan (APEJ), Japan, and the Middle East and Africa (MEA). APEJ is likely to remain dominant in the global vacuum cleaner market during the forecast period 2017-2026.
Rise in the Adoption of Robotic Vacuum Cleaners
Consumers are seeking robotic vacuum cleaners that offer flexibility and save time. Moreover, advancements in technology supporting innovation is resulting in more user-friendly vacuum cleaners. Key market players are developing automated vacuum cleaners that can perform cleaning tasks automatically, without any human assistance. Innovative technologies and features such as voice recognition, and Internet of Things (IoT) are also being integrated into vacuum cleaners. These vacuum cleaners are equipped with sensors that help it to navigate and connect. With the help of a smartphone, users can schedule the cleaning tasks and connect with the vacuum cleaner to perform various cleaning activities. Manufacturers are also focusing on introducing noise-cancellation technology in vacuum cleaners, self-charging feature, and energy-efficient vacuum cleaners. Meanwhile, cordless vacuum cleaner technology is also gaining traction in the market.
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