Household Vacuum Cleaners Market to hit $17.5bn by 2024: Global Market Insights Inc.
The global household vacuum cleaners market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers. Household vacuum cleaners industry size is expected to grow at a rate of 4.6% over the period of 2016-2024. Changing urban lifestyles and demand for precise & real time technologies will mainly drive the household vacuum cleaners market size over the coming timeframe. Tight schedule and active lifestyle makes time saving mandatory. Dual-earning families and middle income groups will face time-constraints to manage household chores. Therefore, accomplishing everyday domiciliary tasks besides the hectic work schedule will propel household vacuum cleaners industry growth.
Rising living standards and enhanced consumer spending capacity on luxury appliances will further drive household vacuum cleaners industry revenue. Increasing awareness pertaining to time-efficiency, convenience and benefits derived due to vacuum cleaners use is expected to promote household vacuum cleaners market trends over the coming years. Moreover, swift advancements in technology supporting innovations will make it more energy efficient, economical, and user-friendly. Increasing awareness pertaining to time-efficiency, convenience and benefits derived due to vacuum cleaners use is expected to promote household vacuum cleaners market trends over the coming years. Moreover, swift advancements in technology supporting innovations will make it more energy efficient, economical, and userfriendly. Major household vacuum cleaners comprise Upright, Canister, Central, Drum, Wet/Dry, and Robotic cleaners. Robotic household vacuum cleaners market share will reach USD 3.5 billion by 2024, owing to its innovative features such as acoustic sensors, automated mapping capabilities, self-charging, and sweeping brushes. High demand for mobile support applications is expected to drive its growth over the coming years. Upright vacuum cleaners led the product landscape, owing to its small size and high performance ratio. It is anticipated to contribute over 25% of the overall household vacuum cleaners industry share by 2024 and will register a CAGR of 3.2% over 20162024. The growth can be attributed to major features such as small size with high suction capabilities and large cleaning surface area which adds to its high 1|Page
performance. Canister vacuum cleaners market is expected to register a CAGR of 4% over the timeframe of 2016-2025, owing to its user-friendly features. APAC Household Vacuum Cleaners Market size, by product, 2013-2024 (USD Million)
North America household vacuum cleaners market is expected to witness a high growth over the next few years on account of rising time constraints for home-based cleaning along with heath & hygiene awareness among consumers. U.S. is expected to contribute significantly towards the regional share. Asia Pacific household vacuum cleaner’s industry share worth USD 3.7 billion in 2015, is expected to grow at a CAGR of 5.2% over the coming eight years, owing to its high demand. India, Japan, and China are predicted to boost the regional revenue. Market players will try to grow their regional presence and ROI through mergers & acquisitions and product differentiation. They will try to compete in terms of price, product branding, technology, performance, energy consumption and quality. The key industry participants include TTI Floor Care, Oreck, Dyson, Stanley Black & Decker, Panasonic, Samsung, Royal Philips Electronics, Eureka Forbes, Haier Group, iRobot, and LG.
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Browse key industry insights spread across 91 pages with 36 market data tables & 24 figures & charts from the report “Household Vacuum Cleaners Market Size By Product (Upright, Canister, Central, Drum, Wet/Dry, Robotic), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, Japan, India, China, Mexico, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”, in detail along with the table of contents: https://www.gminsights.com/industry-analysis/household-vacuum-cleaners-market
Table Content of Household Vacuum Cleaners Market:
Chapter 1. Methodology & Scope 1.1. Methodology 1.1.1. Initial data exploration 1.1.2. Statistical model and forecast 1.1.3. Industry insights and validation 1.1.4. Scope & assumptions 1.2. Data Sources 1.2.1. Primary Sources 1.2.2. Secondary Sources Chapter 2. Executive Summary 2.1. Household vacuum cleaners industry 360º synopsis, 2013 - 2024 2.1.1. Business trends 2.1.2. Regional trends 2.1.3. Product trends Chapter 3. Household Vacuum Cleaners Industry Insights 3.1. Industry segmentation
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3.2. Industry size, and forecast, 2013 - 2024 3.3. Industry ecosystem analysis 3.3.1. Vendor matrix 3.3.2. Distribution channel analysis 3.4. Price trend, by product 3.4.1. Cordless/Stick 3.4.2. Upright 3.4.3. Canister 3.4.4. Central 3.4.5. Drum 3.4.6. Wet/Dry 3.4.7. Robotic 3.5. Technology & innovation landscape 3.5.1. Robotic vacuum cleaners 3.5.2. HEPA filtration 3.6. Regulatory landscape 3.6.1. U.S. 3.6.2. EU 3.6.3. China 3.7. Consumer preference insights 3.8. Industry impact forces 3.8.1. Growth drivers
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3.8.1.1.
Rapid urbanization
3.8.1.2.
Product availability and aftersales service
3.8.1.3.
Increasing demand for stick & robotic vacuum cleaners
3.8.2. Industry pitfalls & challenges 3.8.2.1.
Battery issues
3.8.2.2.
Power consumption
3.9. Growth potential analysis 3.9.1. Business models 3.10. Porter's analysis 3.11. Company market share analysis, 2015 3.11.1. Strategy dashboard 3.11.2. Europe company market share analysis, 2015 3.11.2.1.
Major trends and outlook
3.11.3. North America company market share analysis, 2015 3.11.3.1.
Major trends and outlook
3.12. PESTEL analysis
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