Household Vacuum Cleaners Market Overview
The global Household Vacuum Cleaners market size was estimated at USD 18.3 billion in 2023 and is projected to reach USD 28.2 billion in 2030 at a CAGR of 6.3% during the forecast period 2023-2030.
Household vacuum cleaners are electrical devices employed to cleanse floors and carpets through the process of suction. The market for such cleaners is a constituent of the household appliances industry, which experiences gradual growth due to the escalation in purchasing capabilities, upsurge in health and hygiene apprehensions, and expansion of the working population. The vacuum cleaners are obtainable in a variety of sizes and patterns, comprising portable gadgets, battery-powered, central vacuum cleaners, and other variations. Vacuum cleaners have the potential to enhance efficiency and exhibit eco-friendly characteristics, thereby mitigating the prevalence of dust-induced allergies in individuals suffering from asthma. Nevertheless, the expansion of the market is impeded by inadequate awareness in remote regions and high energy consumption. In response to this challenge, manufacturers have introduced compact handheld and automated vacuum cleaners. Furthermore, EU regulations limiting the utilization of vacuum cleaners with wattage exceeding 900 is projected to influence the sales of upright, canister, and drum vacuum cleaners in the European market.
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Vacuum cleaners possess the potential to augment efficacy and manifest environmentally sustainable characteristics, thereby assuaging the pervasiveness of dust-induced allergies in individuals who suffer from asthma. Nevertheless, the expansion of the market is hindered by inadequate awareness in remote regions and elevated energy consumption. In response to this challenge, manufacturers have introduced compact, handheld, and automated vacuum cleaners. Additionally, European Union regulations that restrict the utilization of vacuum cleaners with wattage beyond 900 are anticipated to impact the sales of upright, canister, and drum vacuum cleaners in the European market.
Delvens Industry Expert's Standpoint
The growth of the household vacuum cleaners’ market is fuelled by a number of factors. Chief among these is the high disposable income of consumers in many countries, which allows them to invest in high-quality cleaning solutions. In addition, the market is benefiting from better infrastructural facilities that make it easier for consumers to purchase and use these products. Another key driver is the increasing demand for automated and less time-consuming cleaning solutions, which are becoming increasingly popular among busy consumers who want to keep their homes clean without spending too much time on this task. The growth of urban populations in many developing economies is also playing a significant role in driving the household vacuum cleaners’ market forward. As more people move into cities and improve their standards of living, they are more likely to invest in high-quality cleaning solutions that can help them keep their homes clean and comfortable. At the same time, the growing number of tech-savvy consumers is leading to innovation in conventional household vacuum cleaners, which is helping to boost the demand for energy-efficient products in this market.
Overall, the household vacuum cleaners’ market is poised for continued growth in the coming years, thanks to a range of factors that are supporting demand for these products. As consumers become more affluent and as technology continues to advance, we can expect to see continued innovation and growth in this important market. At the same time, it will be important for manufacturers to focus on developing energy-efficient products that can meet the needs of today's environmentally conscious consumers. By doing so, they will be well-positioned to take advantage of the many opportunities that lie ahead in this dynamic and rapidly evolving market.
Key Findings
- On the basis of product, Upright vacuum cleaners have become increasingly popular in large households due to their ability to cover a significant amount of surface area. These conventional vacuum cleaners have been adopted since earlier days and continue to be a popular choice for households worldwide. A primary reason for this growing trend is the desire to improve health standards and introduce a higher level of cleaning precision in household chores. The upright vacuum cleaner segment has gained significant market share in the global household vacuum cleaners’ market due to its small size, ability to cover large surface areas, and high suction power. With these factors in mind, it is no surprise that the demand for upright vacuum cleaners continues to grow. As technology continues to advance, we can expect even further improvements in the features and capabilities of these essential household appliances.
- On the basis of type, Cordless household vacuum cleaners are battery-operated and exhibit remarkable features such as multifunctionality, flexibility, and speed, which render them highly versatile in comparison to their corded counterparts. In addition to their superior agility, they are also less bulky and therefore more portable, making them a convenient option for use. Consequently, cordless vacuum cleaners have become exceedingly popular in the household sphere, demonstrating their efficacy in meeting the cleaning needs of consumers. As a result, these innovative appliances have revolutionized the cleaning industry, providing a more efficient and effortless solution to household cleaning.
- On the basis of sales type, Conventional retail stores are projected to remain as the dominant choice for shopping in the coming years, albeit with a sluggish growth rate. Consumers continue to seek an in-depth understanding of products, particularly household appliances, prior to committing to a purchase. As a result, retailers have the opportunity to enhance the consumer experience by providing an added value proposition that exceeds their expectations. Furthermore, the benefits that come with the offline sales channel, such as the ability to physically experience the product, the inherent trust established with the retailer, and the wealth of product knowledge provided by salespeople, have contributed to the growth of sales. Consequently, these factors are expected to propel the market's growth through the offline segment. In summary, the retail landscape is evolving, yet offline retail stores still hold significant advantages that can be leveraged to drive sales growth.
- The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Asia-Pacific garnered the major household vacuum cleaners market share in 2020, and is expected to maintain its market share throughout household vacuum cleaners market forecast period.
Household Vacuum Cleaners Market Regional Analysis
Asia Pacific to Dominate the Market
- Asia-Pacific garnered the major household vacuum cleaners market share in 2020, and is expected to maintain its market share throughout household vacuum cleaners market forecast period.
- Asia-Pacific garnered the major household vacuum cleaners market share in 2020, and is expected to maintain its market share throughout household vacuum cleaners market forecast period.
Household Vacuum Cleaners Market Competitive Landscape
- Electrolux AB
- Bissell Inc.
- Dyson Ltd.
- Haier Group
- iRobot Corporation
- Koninklijke Philips, N.V.
- LG Electronics, Inc.
- Panasonic Corporation
- Samsung Electronics Co., Ltd.
- Techtronic Industries
- Miele & Cie. KG
- Riccar (Tacony Corporation)
- Rexair LLC (Tacony Corporation)
- Sebo Stein & Co. GmbH
- SharkNinja Operating LLC
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Household Vacuum Cleaners Market Recent Developments
- In June 2022, Haier Group introduced a new product, the Haier Th27u1-smart robot vacuum cleaner. It has advanced features such as 2.4 GHz Wi-Fi and Google Home Assistant. The company only develops advanced equipment with the latest technology in order to gain a competitive advantage over others.
- In March 2022, Panasonic Corporation launched a new tangle-free hair cordless stick vacuum cleaner, MC-SB85KH047, in Malaysia, in order to target households with young kids and pets.
Household Vacuum Cleaners Market Reasons to Acquire
- Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
- Gain authentic and granular data access for the Household Vacuum Cleaners Market to understand the trends and the factors involved in changing market situations.
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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