Global Vacuum Cleaner market research 2024, Forecast To 2033
13 Feb, 2024
The vacuum cleaner market has shown robust growth, progressing from $9.67 billion in 2023 to $10.48 billion in 2024, with a compound annual growth rate (CAGR) of 8.5%. This growth in the historical period is attributed to the rise in dual-income households, improving living standards, growing awareness of allergen awareness, health, and hygiene, and changing lifestyles. Looking ahead, the market is expected to experience strong growth, reaching $14.65 billion in 2028 at a CAGR of 8.7%. Anticipated drivers include the growing demand for smart home integration, health and air quality concerns, HEPA and advanced filtration, rental and subscription services, and the growth of e-commerce. Major trends in the forecast period include robotics and AI, sustainability and eco-friendly models, cordless and lightweight designs, collaborative cleaning, and vacuum cleaners with UV light sanitization.
Global Vacuum Cleaner Market Key Driver
The vacuum cleaner market witnesses growth propelled by increasing disposable income. The U.S. Bureau of Economic Analysis reports a monthly increase in personal disposable income and spending in 2022. The growing disposable income allows consumers to invest in electronic gadgets, including vacuum cleaners, for a more comfortable lifestyle.
Get A Free Sample Of The Global Vacuum Cleaner Market ReportGlobal Vacuum Cleaner Market Segments
The global vacuum cleaner market covered in this report is segmented –
1) By Product: Canister, Central, Drum, Robotic, Upright, Wet and Dry, Other Products
2) By Application: Industrial, Residential, Commercial
3) By Distribution Channel: Online, Offline
By Geography: The regions covered in the Vacuum Cleaner market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacificwas the largest region in the vacuum cleaner market share in 2023. Asia-Pacificis expected to be the fastest-growing region in the forecast period. The regions covered in the vacuum cleaner market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Vacuum Cleaner Industry Players
Haier Group Corp., Electrolux AB, Samsung Electronics Co. Ltd., LG Electroncis Inc., Dyson Ltd., iRobot Corporation, Bissell Inc., Koninklijke Philips N.V., Panasonic Corporation, Techtronic Industries, Miele & Cie. KG, Oreck Corporation, EXAIR Corporation, Josef Kränzle GmbH & Co. KG, Stanley Black & Decker Inc, American Vacuum Company, Debus GmbH, Ghibli & Wirbel SpA, Pullman-Ermator, Goodway Technologies, VAC-U-MAX, CS Unitec Inc., SharkNinja, TTI Floor Care, SEB Group, Eureka Forbes, Numatic International, Quirepace Limited, Delfin Industrial Vacuums, Hoover Commercial, Polivac International Pty. Ltd.
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Vacuum Cleaner Market Overview
A vacuum cleaner is an electronic tool that uses electricity to collect dirt from surfaces. Vacuuming is the practice of cleaning with a vacuum cleaner to maintain floors and fabrics by removing dirt, soil, debris, and bad odors.
Vacuum Cleaner Global Market Report 2023 provides data on the global vacuum cleaner market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The vacuum cleaner market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.