Global Household Vacuum Cleaner Market 2017-2021
About Household Vacuum Cleaner
Vacuum cleaners are electrical appliances that use an air pump to suck up dirt and dust from floors and other surfaces. The dust is secured in a dust bag that can be emptied later. Different types of vacuum cleaners are available depending on the type of surface to be cleaned. Vacuum cleaners clean surfaces with ease over a short time.
Technavio’s analysts forecast the global household vacuum cleaner market to grow at a CAGR of 4.79% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global household vacuum cleaner market for 2017-2021. To calculate the market size, the report considers the retail sales of products considered in the scope, by volume and value.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Household Vacuum Cleaner Market 2017-2021
Technavio recognizes the following companies as the key players in the global household vacuum cleaner market: BISSELL, Dyson, Electrolux, and Techtronic Industries.
Other Prominent Vendors in the market are: BSH Home Appliances, Haier, iRobot, Koninklijke Philips, LG Electronics, Miele, NEATO ROBOTICS, Panasonic, and SAMSUNG, and SharkNinja Operating.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is availability of smart, connected vacuum cleaners. The growing adoption of smart homes is encouraging manufacturers to introduce smart features in cleaning tools. The introduction of smart, connected vacuum cleaners for the residential segment can be cited here as an example of such a development. The high demand for sophisticated and smart household cleaning tools will, therefore, have a positive impact on the growth of the global market in the coming years. Most consumers, especially in developed countries, have been quick to adopt the latest technologies, mostly because of their hectic lifestyles and the resultant need for convenient and efficient products.”
According to the report, one of the major drivers for this market is economies of scale reduce selling price. The market for household vacuum cleaners is more globalized compared to kitchen and laundry appliances. Due to the economies of scale, the price of vacuum cleaners has come down. The availability of vacuum cleaners in the market has also increased in both and developed and developing countries. Due to the growing affluence of the middle class population in APAC, more people are investing in home appliances such as vacuum cleaners. The growing awareness about allergies is another factor encouraging the purchase of vacuum cleaners. Vacuum cleaners are equipped with HEPA filters that trap airborne bacteria and viruses.
Further, the report states that one of the major factors hindering the growth of this market is increasing competition from alternative technology products like floor scrubbers and polishers. Manufacturers of vacuum cleaners are facing competition from alternative technology products like floor scrubbers and polishers. A floor scrubber is used to clean large areas in a short span of time. Innovation in technology and design for improved performance, less noisy operation, ease of use, energy and water efficiency, ease in maneuvering, effective dust filtering, and multi-functional and configurable cleaning are some factors that are driving the market for floor scrubbers and polishers.
BISSELL, Dyson, Electrolux, Techtronic Industries, BSH Home Appliances, Haier, iRobot, Koninklijke Philips, LG Electronics, Miele, NEATO ROBOTICS, Panasonic, and SAMSUNG, and SharkNinja Operating.