A recent report published by Infinium Global Research on household vacuum cleaners market provides an in-depth analysis of segments and sub-segments in the global as well as regional household vacuum cleaners market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional household vacuum cleaners market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global household vacuum cleaners market. According to the report, the global household vacuum cleaners market is projected to grow at a CAGR of 4.5% over the forecast period of 2019-2025.
Nowadays, consumers are pursuing vacuum cleaners that offer flexibility and save time. The developments in technology-supporting improvement has resulted in more user-friendly vacuum cleaners. The busy lifestyles and increasing industrialization have led to a growth in demand for faster, more efficient methods of cleaning at home. Traditional cleaning methods take a long time to clean and have become comparatively tougher. There is also a surge in awareness of the health welfares of using a vacuum cleaner resulting in an augmented demand for vacuum cleaners. Innovative technologies and features are continually being integrated into vacuum cleaners. Recently, a cordless vacuum cleaner technology is trending in the market.
The rising disposable income and increasing living standard of consumers are the major driving factor of the household vacuum cleaners market. The demand for the household vacuum cleaners is rising due to its properties such as easy to use, low-cost tool, time & energy saving, and advanced features, etc. Furthermore, factors such as better infrastructural facilities, change in consumer lifestyles, and increasing awareness about indoor health and hygiene are other driving factors of the market growth. The rise in demand for automated & less time-consuming cleaning solutions is fueling the growth of the market. Growth in urban population is one of the impacting factors for the household vacuum cleaners market. However, increasing electricity prices hampers the growth of the household vacuum cleaners market. Moreover, increasing infrastructural and development activities are anticipated to provide growth opportunities to the market players.
Geographically, Asia-Pacific dominates the global household vacuum cleaners market owing to increasing population and urbanization in countries such as China, Japan, and India. Increasing living standard, particularly in China, Japan, and India are estimated to affect positively revenue growth. North America is the second-largest market for household vacuum cleaners due to increasing concerns about health & hygiene and time constraints for household cleaning activities in this region.
The report on global household vacuum cleaners market covers segments such as type, and mode of sale. On the basis of type, the sub-markets include upright, canister, central, robotic, drum, wet/dry, and other types. On the basis of mode of sale, the sub-markets include offline, and online.
The report provides profiles of the companies in the market such as Electrolux AB, Bissell Inc., Haier Group Corporation, HausVac Inc., iRobot Corporation, Samsung Electronics Co., Ltd., Koninklijke Philips N.V., LG Electronics Inc., Panasonic Corporation, Robert Bosch GmbH, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of household vacuum cleaners market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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