The Global Market for Household Vacuum Cleaners is Forecast to Reach US$15.8 Billion by 2024

Growing Emphasis on Efficient and Quick Cleaning Solutions Drives the Household Vacuum Cleaners Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market size, share and demand forecasts on the global Household Vacuum Cleaners market. The global market for Household Vacuum Cleaners is forecast to reach US$15.8 billion by 2024, driven by factors such as growing emphasis on indoor air quality and hygiene, fast-paced lifestyles and increasing need for efficient and quick cleaning solutions and technological advancements including the introduction of connected vacuum cleaners.

Household vacuum cleaner is an electrical device that uses an air pump to create vacuum to suck up dust and dirt from floors, upholsteries, draperies and other surfaces.  These devices provide a smart means of cleaning homes without any physical stress and also effectively minimize indoor air pollution and improve air quality. Population growth, rapid urbanization, fast-paced lifestyle and technological advancements continue to drive vacuum cleaner sales globally. In developed countries, particularly, environmental concerns and replacement purchases represent strong growth drivers. Growing consumer awareness about the convenience and benefits accrued using robotic vacuum cleaners is expected to sustain growth momentum in the household vacuum cleaner market in the coming years.

Household vacuum cleaner market, in particular, holds immense opportunities for innovations-led growth. Rising consumer awareness is compelling manufacturers to design and develop innovative household vacuum cleaners that address varying consumer demands. Innovative technologies and distinct features such as voice recognition, UV sterilization, interactive touchscreens, spinning brushes and security cameras are now common part of contemporary vacuum cleaners. High-end vacuum cleaning products reaching the market include cordless, sleek, rechargeable versions that also possess a long battery life, feature compact and light designs, quiet operation, and  use more effective filters and incorporate novel features that make it easier to clean pet hair and reach difficult areas. In the robotic vacuum cleaners segment innovations focus around effective connectivity, security cameras, longer-lasting batteries, and improved navigation features. Due to the economies of scale, robotic vacuum cleaners are becoming more affordable to address the needs of a wider customer base.

As stated by the new market research report on Household Vacuum Cleaners, Europe represents the largest market worldwide in terms of dollar sales. Asia-Pacific ranks as the fastest growing market at a compounded annual rate of 6.1% in terms of value sales. Growth in the market is driven by factors such as rising standards of living, increasing disposable income, growing emphasis on hygiene and indoor pollutants, and increasing population of time-pressed consumers on the look-out for convenient home appliances.

Major players in the market include AB Electrolux, BISSELL, BSH Bosch und Siemens Hausgeräte GmbH, Dongbu Daewoo Electronics Corporation, Dyson Ltd., Groupe SEB, Haier Group, Hitachi Appliances Inc.,iRobot Corporation, Midea Group, Koninklijke Philips NV, LG Electronics, Morphy Richards, Neato Robotics, Panasonic Corporation, Samsung Electronics Co Ltd., Stanley Black & Decker Inc., Techtronic Industries Co Ltd., TTI Floor Care North America, Vax Ltd. and Toshiba Home Appliance, among others.

The research report titled “Household Vacuum Cleaners: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, regulations, issues, challenges, mergers, acquisitions, and other strategic industry activities of major players worldwide. The report provides market estimates and projections in dollars and units terms for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea and Rest of Asia-Pacific), Middle East and Latin America (Argentina, Brazil, Chile, Mexico and Rest of Latin America).

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