Household Vacuum Cleaners Market – Global Industry Analysis Report, Share, Size, Growth, Price Trends and Forecast, 2016 – 2024: Fractovia.org
Industry Insights Global Household Vacuum Cleaners Market size was evaluated at more than $11.6 million for 2015 and is projected to record CAGR of about 4.7% during forecast timeline. Increasing disposable income along with acceptance of modern lifestyle is predicted to encourage consumers for expending more on utilities and this will result in more demand for product. Further, rise in customer consciousness about benefits derived by using these items coupled with growing living standards can propel industry expansion. Furthermore, swift technological innovations in the global industry are expected to provide efficient & durable items at reasonable costs. This aspect is predicted to boost global household vacuum cleaner’s industry trends during forecast timeline. However, high power supply charges per unit are predicted to hinder the global household vacuum cleaners market growth as these equipments utilize significant proportion of power for its functions. Countries with relatively low average disposable incomes (or low per capita incomes) are cost sensitive and hence high energy consumption by these items can discourage consumers to purchase these items. All these factors can also hinder the industry growth.
Product Insights Global household vacuum cleaner’s industry is segmented into robotic, upright, drum, canister, wet or dry and central. Products with tiny size and high suction ability as well as capacity to cleanse big surface area are projected to fuel upright segment growth. It is predicted to contribute greater than 25.1% to the total industry share by end of forecast timeline. Canister segment is predicted to witness substantial expansion as the equipment is user friendly and can easily be handled. It is anticipated to evaluated at more than $4.6 billion till end of forecast timeline and register CAGR of 3.91% during forecast timeframe. Robotic products segment is projected to experience substantial expansion in future. The growth can be credited to many innovative inbuilt or embedded features like mobile support, acoustic sensor, capacity to self-charge, sweeping brushes and automatic mapping abilities. It is predicted to experience good growth as the 1|Page