Vacuum Cleaner Market Analysis, Size, Growth,
Vacuum Cleaner Market Growth & Trends
The global vacuum cleaner market size is expected to reach USD 26.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.8% from 2022 to 2030. The growing per capita income in developing countries is one of the key factors leading to the increased consumer demand for advanced vacuum cleaners. Moreover, the COVID 19 pandemic has made people pay more attention to cleanliness and hygiene to maintain a sense of safety in private and public spaces. This is estimated to drive the market over the next few years. For instance, in November 2021, Kent RO Systems Ltd. launched a zoom vacuum cleaner with a bagless and cordless design. The vacuum cleaner has a cyclonic technology with a 130W suction motor to properly clean all the dirt and dust. Further, it also has a HEPA filter to prevent air pollution and maintain hygiene and clean surroundings.
COVID 19 lockdowns and related travel restrictions have restricted access to housekeeping services. The increased struggle to manage all household chores while maintaining high cleanliness and hygiene standards is driving the demand for household appliances such as vacuum cleaners. For instance, in June 2021, Dyson, a Singapore based technology company, unveiled its “omni glide” cord free vacuum in the Indian market due to the absence of domestic help during COVID 19. The device has an omnidirectional fluffy cleaner that can move in all directions and a five stage filtration technology to collect dust particles as small as 0.3 microns. The additional features of omni glide include a washable bin,
battery with a run time of 20 minutes, ejection mechanism, and a two counter rotating brush.
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In addition, market growth is influenced by strong and well established distribution channels and diversification of manufacturing and supply chain capabilities. The online distribution channel has also gained momentum in recent years and companies are emphasizing the direct to consumer sales channel. For instance, in July 2021, realme, a Chinese smartphone company, launched its tech life vacuum cleaner robot with a LiDAR system on its global online store for an improved digital experience for its customers. Further, the company is investing in strengthening its direct to consumer sales channel, and it would also build a long term relationship directly with customers.
Vacuum Cleaner Market Report Highlights
The use of intelligent technologies such as Artificial Intelligence (AI) to develop autonomous cleaning solutions is expected to emerge as a major trend aiding the market growth
The robotic vacuum cleaner segment is expected to witness the fastest growth over the forecast period. The growth can be attributed to the advanced features offered by robotic cleaners that require minimum human intervention
In terms of distribution channel, the online segment is anticipated to register a CAGR of over 10% from 2022 to 2030. This growth can be attributed to the enormous developments in digitalization and e commerce platforms globally
The introduction of advanced technologies in robotic cleaners, such as automatic charging systems and voice assistance systems, is expected to drive market growth in the residential segment
In North America, the market is expected to retain its dominance over the forecast period. The increasing number of commercial places, demand for technology driven cleaning systems, and the rising popularity of smart home products in the region are driving the regional market growth
Vacuum Cleaner Market Segmentation
GrandViewResearchhassegmentedtheglobalvacuumcleanermarketbasedon product,distributionchannel,application,andregion:
Vacuum Cleaner Product Outlook (Revenue, USD Million, 2017 2030) Canister Central
Wet&Dry Others
Vacuum Cleaner Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)
Vacuum Cleaner Application Outlook (Revenue, USD Million, 2017 2030) Manufacturing &Beverages Pharmaceuticals Construction
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Vacuum Cleaner Regional Outlook (Revenue, USD Million, 2017 - 2030) America U.S.
LatinAmerica Brazil
MiddleEast&Africa
List of Key Players in Vacuum Cleaner Market AlfredKarcherSE&Co.KG
BISSELLInc., CRAFTSMAN
DEWALT
Dyson ECOVACS
EmersonElectricCo.
HaierGroup
iRobotCorporation
NeatoRobotics,Inc. NilfiskGroup PanasonicHoldingsCorporation SnowJoe,LLC
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Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.