Tuesday 17 December 2019

Vacuum Cleaner Market Leading Manufacturers, Consumption, Supply, Demand & Growth Forecast From 2019 To 2025

The global vacuum cleaner market size is expected to reach USD 16.7 billion by 2025 at a CAGR of 9.1%, according to a new report by Radiant Insights, Inc. Rise in millennial population followed by lifestyle changes and demand for smart devices is triggering the consumer demand for advanced cleaning equipment. In addition, availability of IoT enabled cleaning devices are paving their way towards market growth.

Manual cleaning is a traditional form of maintaining cleanliness and hygiene in the residential and commercial places. However, with the rise in technological curve, vacuum cleaners are now witnessing a high adoption to not only maintain hygiene but also to ensure germ-free living. With the government initiatives such as 'Swachh Bharat Abhiyaan' in India, automatic vacuum cleaners and sweepers have a major stake in achieving public health in commercial places. Automatic cleaning equipment can therefore engage in a frugal approach to maintain a high cleanliness in public places.

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Vacuum Cleaner Market

In addition, the market growth is influenced by factors such as hygiene awareness among the public, availability of multiple variants of electric suction sweeper, and effectiveness in distribution channels. The development of canister vacuum cleaner equipped with the HEPA filter, which is able to clear the smallest dust or dirt particles and reduce chances of pulmonary side effects such as allergies and asthma, is expected to attract growth opportunities for the market over the forecast period. Moreover, significance of advertisements promoting hygiene and cleanliness are also shaping the market growth throughout the forecast period.

Recent technological developments have been carried out focusing on developing energy-efficient, intelligent, and cordless cleaning equipment. In addition, the introduction of various advanced technologies for robotic cleaning machines that are equipped with the automatic charging function is expected to accelerate the vacuum cleaner market growth. The development of advanced vacuum cleaners that are equipped with collision avoidance system and voice assistance system that support Google Home and Amazon Alexa is another factor expected to boost the growth of the market over the forecast period.

Further key findings from the report suggest:
• Robust features and advantages such as bag less dirt cup, equipped with HEPA 12 filter, and micro particle filter exhibited by canisters enabled the segment to lead with a high revenue share in 2018
• The online segment is anticipated to witness the highest CAGR of over 9.0% from 2019 to 2025. This growth can be attributed to the enormous growth in e-commerce and consumer reviews over social media platforms
• The residential segment is expected to register the highest growth rate owing to the introduction of compact, lightweight, and cordless cleaning equipment
• North America is expected to continue its dominance in the market over the forecast period. The increasing number of hotels, restaurants, and hospitals and growing adoption of vacuum cleaners in these places for cleaning purposes is expected to drive growth in the regional market
• The key players in the market are Bissell, Nilfisk Group, Dyson, Alfred Karcher GmbH & Co. KG, iRobot Corporation, Koninklijke Philips N.V., and Haier Group Corporation.

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Table of Contents

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources

Chapter 2 Executive Summary
2.1 Vacuum Cleaner Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025
2.2 Vacuum Cleaner Market, 2014 - 2025
2.2.1 Vacuum cleaner market, by region, 2014 - 2025
2.2.2 Vacuum cleaner market, by product, 2014 - 2025
2.2.3 Vacuum cleaner market, by distribution channel, 2014 - 2025
2.2.4 Vacuum cleaner market, by application, 2014 - 2025
2.2.5 Vacuum cleaner market, by end use, 2014 - 2025

Chapter 3 Vacuum Cleaner Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Vacuum Cleaner Market - Value Chain Analysis
3.3.1 Vendor landscape
3.4 Vacuum Cleaner Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Increasing need for hygiene in residential and commercial applications
3.4.1.2 Technological advancements
3.4.2 Market challenge analysis
3.4.2.1 Stringent government regulations
3.5 Vacuum Cleaner Market - Company Market Share Analysis, 2018
3.6 Penetration and Growth Prospect Mapping
3.7 Vacuum Cleaner Market - Porter's Five Forces Analysis
3.8 Vacuum Cleaner Market - PESTEL Analysis

Chapter 4 Vacuum Cleaner Product Outlook
4.1 Vacuum Cleaner Market Share by Product, 2018 & 2025
4.2 Canister
4.2.1 Canister vacuum cleaner market, 2014 - 2025
4.3 Central
4.3.1 Central vacuum cleaner market, 2014 - 2025
4.4 Drum
4.4.1 Drum vacuum cleaner market, 2014 - 2025
4.5 Robotic
4.5.1 Robotic vacuum cleaner market, 2014 - 2025
4.6 Upright
4.6.1 Upright vacuum cleaner market, 2014 - 2025
4.7 Wet & dry
4.7.1 Wet & dry vacuum cleaner market, 2014 - 2025
4.8 Others
4.8.1 Other vacuum cleaners market, 2014 - 2025

Chapter 5 Vacuum Cleaner Distribution Channel Outlook
5.1 Vacuum Cleaner Market Share by Distribution Channel, 2018 & 2025
5.2 Online
5.2.1 Online vacuum cleaner distribution channel market, 2014 - 2025
5.3 Offline
5.3.1 Offline vacuum cleaner distribution channel market, 2014 - 2025

Continued…

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About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.


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