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2020-02-06
685
Global
Vacuum cleaners have been in application for many years at both residential and commercial spaces. The continuous innovations, technological advancement, and urge for cleanliness inconvenient way are driving the growth of the market. Growth in demand for vacuum cleaners can be attributed to the urbanization of a region, the emergence of online portals and internet penetration and raising awareness towards the use of upcoming technologies. Among the entire floor cleaning equipment, vacuum cleaners are the oldest ones and also have the largest market share of nearly 40% in 2017. Goldstein Research analyst forecast that the global vacuum cleaners market is expected to reach USD 28 billion by 2025, growing at a CAGR of 4.7% during 2017-2025. In Europe, sales revenue from vacuum cleaners over the forecast period can be distributed as 55% from online channels and remain from the offline distributors. Further, the canister type of vacuum cleaners attracts the largest market share on account of its operability and maintenance. The robotic vacuum cleaner is the new generation product, growing on the back of the IoT environment and connected devices.
By Product Type
Canister vacuum cleaners segment accounted for the largest market share of 56.1% in 2017, followed by autonomous upright vacuum cleaners and robotic vacuum cleaners market share.
By Product Size
By Distribution Channel
By End-User
By Geography
Based on geography, the North America region harnessed the largest revenue share of 34.8% in 2017 of the global vacuum cleaners market on the back of high penetration among the residential users and an increasing number of commercial spaces increasing the demand for vacuum cleaners. North America is closely followed by Europe and APAC.
Global Vacuum Cleaners Market Outlook 2017-2025, has been prepared based on in-depth market analysis from farm market experts. The report covers the competitive landscape and current position of major players in the Global vacuum cleaners market space. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Vacuum Cleaners Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.
Our Global vacuum cleaners market report comprises of the following companies as the key players: AB Electrolux, LG Electroncis, Inc., Miele & Cie. KG, Haier Group Corp., Samsung Electronics Co., Ltd., iRobot Corporation, Panasonic Corporation, Koninklijke Philips N.V., Dyson Ltd., Bissell Inc., etc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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