The global household vacuum cleaners market is expected to
reach USD 16.1 billion by 2022, according to a new report by Grand View
Research, Inc. Increasing government initiatives to spread awareness about
cleanliness and hygiene worldwide is expected to contribute to revenue growth.
Rising disposable income and increasing
preference for new technologies worldwide is anticipated to favor industry
growth over the forecast period. Price is estimated to be a critical factor in
buying decision. Rising competition owing to presence of large industry players
and less differentiated product is expected to benefit Industry leading to
price reduction.
Technology developments play an important role
in revenue growth. Products such as bagless and robotic vacuum cleanerss have
gained popularity across the globe. Use of smartphone-based services is also
gaining popularity due to rising smartphone penetration worldwide. For
instance, in September 2015, iRobot Corporation announced the introduction of
Roomba 980 that combines adaptive navigation with visual localization, and
cloud connected app control for easy operation.
For full research report on Household
Vacuum Cleaners Market visit here: https://www.grandviewresearch.com/industry-analysis/household-vacuum-cleaners-market
Further key
findings from the report suggest:
- Household vacuum cleaners market is segmented
on the basis product into upright, canister, central, drum, wet/dry, and
robotic devices. Robotic cleanerss are expected to hold high potential
over the next seven years owing to innovative features including sweeping
brushes, acoustic sensors, mobile support, automated mapping capabilities
and self charging capabilities.
- Canister vacuum cleanerss market is estimated
to be valued at over USD 4 billion by 2022. Drum products are anticipated
to grow at a CAGR of more than 4.0% over the forecast period. High cost
and large size may hinder growth of the central product segment over the
next seven years.
- Asia Pacific vacuum cleaners market accounted
over 30% of the overall revenue share in 2014. Strict energy
regulations may hinder regional growth over the forecast period. EU banned
the sales of vacuum cleanerss with power capacity above 1600 watts and this
capacity restriction will reduce to 900 watts in September 2017.
- Key industry players include Stanley Black
& Decker, Electrolux Group, Dyson Ltd., TTI Floor Care, Miele, LG
Corporation, and Eureka Forbes Ltd. Other prominent vendors include Royal
Philips Electronics, Oreck Corporation, Haier Group, iRobot Corporation,
Bissell Inc., Panasonic Corporation, and Samsung.
- In July 2013, TTI Floor Care acquired Oreck
Corporation to enhance its product portfolio. The company offers these
products through four brands, Vax, Oreck, Dirt Devil, and Hoover. Dyson
offers upright, canister, cordless, and handheld products. In September
2015, iRobot Corporation announced the launch of Roomba 980, which is
equipped with high tech sensors for navigation, visual localization
technology, and app-based support.
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here : https://www.grandviewresearch.com/industry-analysis/household-vacuum-cleaners-market/request/rs1
Grand
View Research has segmented the household vacuum cleaners market on the basis
of product and region:
Household
Vacuum cleaners Product Outlook (Revenue, USD Million, 2012 - 2022)
- Upright
- Canister
- Central
- Drum
- Wet/dry
- Robotic
- Others
Household
Vacuum cleaners Regional Outlook (Revenue, USD Million, 2012 - 2022)
- North America
- Europe
- Asia Pacific
- RoW
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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