The household vacuum cleaner market size was valued at $25.7 billion in 2023 and is expected to reach a market size of $47.3 billion by 2032, at a CAGR of 7.1%.
FORT COLLINS, Colo., April 9, 2024 (Globe Newswire) —
Consumer awareness and high spending on household items drive market demand
of Household vacuum cleaner market Growth in 2023 due to increased consumer awareness of hygiene and its associated health benefits. Increasing disposable income, rising income levels, and evolving urban lifestyles are accelerating consumer spending on home appliances such as vacuum cleaners. Furthermore, improving living standards and growing awareness about the benefits of vacuum cleaners are expected to propel the global market significantly. Changing consumer preferences, energy efficiency, and quality standards are creating new opportunities for market expansion.
Various organizations around the world, including the Environmental Protection Agency (EPA), U.S. Department of Energy (DOE), and ANEC, are introducing regulations to strengthen the energy ratings of new product categories while reducing greenhouse gas emissions. I am. These regulations contribute to environmental sustainability and save users long-term operational costs. As a result, the household vacuum cleaner market is expected to witness high growth in the coming years.
Additionally, the convenience and effectiveness of vacuum cleaners in household cleaning further boosts the market demand. With limited time to manage household chores, consumers prioritize convenience, efficiency, and time-saving features when purchasing vacuum cleaners. Advances in vacuum cleaner technology are responding to changing consumer needs with features such as robotic vacuums operated through mobile applications. These advances in interactive technology improve the user experience and keep pace with evolving household requirements.
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Segmentation overview:
The global household vacuum cleaner market is segmented by product, type, sales channel, and region.
Canister is expected to register significant growth in 2023 with positive growth.
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Based on product, the market segmentation of household vacuum cleaners consists of upright, canister, central, drum, wet/dry, robotic, etc. Canister segment held significant market share in 2023. Canister vacuum cleaners have a cleaning head separate from the vacuum generator and a flexible hose to collect dust into a dust bag.
The cordless vacuum cleaner segment achieved significant growth during the forecast period.
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The household vacuum cleaner market is divided into cordless and corded based on type. The cordless vacuum cleaner segment is expected to grow significantly during the forecast period. These vacuum cleaners are lightweight and portable, making them easy to carry and suitable for multi-purpose cleaning.
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Highlights of the Household Vacuum Cleaner Market Report:
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Household Vacuum Cleaners market share was high in Asia Pacific in 2023. This can be attributed to emerging economies such as India, Japan, and China. The growing consumer interest in a better lifestyle is expected to increase the demand for high-end vacuum cleaner products.
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Some of the prominent players in the Household Vacuum Cleaner market report include Samsung Electronics Co., Ltd., Panasonic Corporation, Miele & Cie. KG, LG Electronics, Inc., Koninklijke Philips NV, Haier Group, Electrolux AB, Bissell Inc., Includes Techtronic Industries. , iRobot Corporation, and Nilfisk Group.
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