The global vacuum cleaner market is expected to grow at a significant CAGR during the forecast period on account of growing urbanization, rising awareness towards the use of upcoming technologies, and increasing concerns regarding health and hygiene.
In terms of product types, the vacuum cleaner market is categorized into handheld, canister, upright, stick and others. Among them, canister is the dominant segment in the global vacuum cleaner market and is anticipated to maintain its dominance during the forecast period as well due to its operability and maintenance. In terms of region, the global vacuum cleaner market is categorized into North America, South America, Europe, Asia-Pacific and Middle East & Africa. Among these regions, North America dominated the global vacuum cleaner market until 2021 and is anticipated to maintain its leading position throughout the forecast period owing to increasing disposable income, rising concern for hygiene, and decreasing time for household activity.
Market players in the global vacuum cleaner are AB Electrolux, Haier Group Corp., LG Electroncis, Inc., Samsung Electronics Co., Ltd., Bissell Inc, Dyson Ltd., Panasonic Corporation, Koninklijke Philips N.V., iRobot Corporation, and Techtronic Industries. The leading companies in the market are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Objective of the Study
- To analyse and forecast the market size of global vacuum cleaner market.
- To forecast global vacuum cleaner market based on product type, end use, distribution channel and regional distribution.
- To identify drivers and challenges for global vacuum cleaner market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in global vacuum cleaner market.
- To conduct the pricing analysis for global vacuum cleaner market.
- To identify and analyse the profile of leading players operating in the global vacuum cleaner market.
Click here to download the sample
Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of vacuum cleaner manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the suppliers which could not be identified due to the limitations of secondary research. Market insights research analyzed the product types, application types and presence of all major vacuum cleaner manufacturers across the globe.
Market insights research calculated global vacuum cleaner market size by using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. Market insights research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Market insights research.
Key Target Audience
- Vacuum cleaner manufacturers
- Vacuum cleaner suppliers and distributors
- Government bodies such as regulating authorities and policy makers
- Industry associations
- Organizations, forums and alliances related to vacuum cleaner market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers and partners, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
