Global Steam Cleaner Market 2017-2021
About Steam Cleaner
Steam cleaners are electrical appliances that are mainly used to clean floors, rugs, and furniture by suction. With modern innovations, these steam cleaners are also used to clean garments. Different types of steam cleaners are available and are adopted depending on the surface to be cleaned. Due to developments in technology and improvements in the efficiency of these steam cleaners, the demand for these appliances is expected to increase during the forecast period. By end-users, the global steam cleaner market is dominated by the commercial segment, followed by the residential segment.
Technavio’s analysts forecast the global steam cleaner market to grow at a CAGR of 10.16% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global steam cleaner market for 2017-2021. To calculate the market size, the report considers the revenue generated from the revenue generated from the retail sales of steam cleaners worldwide.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Steam Cleaner Market 2017-2021
Technavio recognizes the following companies as the key players in the global steam cleaner market: Bissell, HAAN Corporation, and The Hoover Company (TTI Floor Care North America)
Other Prominent Vendors in the market are: Dyson, Electrolux, Kärcher, LG, Miele, Oreck, Koninklijke Philips, SALAV USA, Samsung, Sony, Vax, and Vapamore
Commenting on the report, an analyst from Technavio’s team said: “The market is witnessing increased expenditure by vendors on R&D activities, and therefore the development of many innovative solutions, such as the inclusion of room memory, improved battery life, and improved efficiency in steam cleaners. In addition, vendors are working to reduce the cost of upgrades and maintenance. Rapidly changing technology and changes in consumer preferences are forcing vendors to deliver innovative household vacuum cleaning solutions with high efficiency to survive the commoditization in the market.”
According to the report, the proportion of the dual income households are increasing globally: 69.55 % of the global population in 2015 compared with 36.77 % in 1976. With the growth in dual income households, the median income rises. This growth of dual income households reduces the time to carry out household chores and thus drives the demand for steam cleaners.
Further, the report states that low cost labor in developing countries is a major challenge for the steam cleaner market. In countries such as India and China, people prefer maids to vacuum cleaners to clean their houses because of the availability of low-cost labor. Housemaids also allow for the customization of the cleaning process. Therefore, the demand for steam cleaners remains low in these countries.
Bissell, HAAN Corporation, The Hoover Company (TTI Floor Care North America), Dyson, Electrolux, Kärcher, LG, Miele, Oreck, Koninklijke Philips, SALAV USA, Samsung, Sony, Vax, and Vapamore