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
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.