Vacuum Cleaner Market By Product Type (Canister, Central, Drum, Robotic, Upright, Others) , By Bucket Type (Bagless, Bagged) By Power Type (Cordless, Corded) By Application (Residential, Commercial, Industrial) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Vacuum Cleaner Market
The vacuum cleaner market was valued at $13.8 billion in 2023 and is projected to reach $33.9 billion by 2033, growing at a CAGR of 9.6% from 2024 to 2033.
A vacuum cleaner is a cleaning equipment that removes dirt, debris, and particulate matter from various surfaces through the power of suction. The key elements that form a vacuum cleaner include a motor, suction mechanism, filtration system, dust collector, cleaning head, hoses, nozzles, and controls. The major benefit of using the equipment is that it offers efficient & deep cleaning in a short duration, thereby helping to curb allergies and respiratory issues.
Increase in fast-paced lifestyles and hectic schedules has fueled the requirement for vacuum cleaners due to their quick, efficient cleaning. This acts as a key driver of the vacuum cleaner market. In addition, surge in urbanization and rise in disposable income of individuals is propelling the development of the market. A notable trend gaining prominence in the vacuum cleaner market is the integration of smart technologies into the equipment. The assimilation of robotics & Wi-Fi connectivity has resulted in the emergence of innovative features such as mapping & navigation, self-charging, and intelligent cleaning. Therefore, smart technologies are transforming the cleaning experience for users.
However, the high cost of the latest models with advanced attributes deters several budget-sensitive consumers from their adoption, thereby hampering the development of the vacuum cleaner market. Moreover, upsurge in environmental concerns associated with the usage of vacuum cleaners such as high energy consumption and components created from non-recyclable plastics, limit their utility & restrain the market growth. Contrarily, with exponentially deteriorating air quality due to pollution, the development of innovative vacuum cleaners with air purification abilities due to embedded high-efficiency particulate air filters is poised to present lucrative opportunities for the market. According to the 2024 State of Global Air report, 8.1 million of the total deaths in 2021 were due to air pollution, with deaths from household air pollution accounting for 38% of the total share. Therefore, the development of such ingenious vacuum cleaners is poised to open new avenues for the market.
Segment ReviewThe vacuum cleaner market is segmented into product type, bucket type, power type, application, and region. On the basis of product type, the market is divided into canister, central, drum, robotic, upright, and others. Depending on bucket type, it is bifurcated into bagless and bagged. As per power type, it is classified into cordless and corded. According to application, it is categorized into residential, commercial, and industrial. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of product type, the upright segment is expected to dominate the market during the forecast period.
Depending on bucket type, the bagged segment is projected to acquire a high stake in the market from 2024 to 2033.
As per power type, the corded segment is predicted to be the highest shareholder throughout the forecast period.
According to application, the residential segment is anticipated to account for a high share of the market during the forecast period.
Region wise, North America is predicted to be the highest revenue generator by 2033.
Competition AnalysisThe major players in the global vacuum cleaner market include LG Electronics, Stanley Black & Decker Inc., Dyson Ltd., Panasonic Corporation (Panasonic Holdings Corporation), Haier Group Corporation, Samsung Electronics Co. Ltd., Bissell Homecare Inc., Eureka Forbes Ltd., Koninklijke Philips N.V., and Miele & Cie. KG. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.
Key Market SegmentsBy Product TypeCanister
Central
Drum
Robotic
Upright
Others
By Bucket TypeBagless
Bagged
By Power TypeCordless
Corded
By ApplicationResidential
Commercial
Industrial
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Argentina
Rest of LAMEA
Key Market PlayersLG Electronics
Stanley Black & Decker Inc.
Dyson Ltd.
Panasonic Corporation (Panasonic Holdings Corporation)
Haier Group Corporation.
Samsung Electronics Co. Ltd.
Bissell Homecare Inc
Eureka Forbes Ltd.
Koninklijke Philips N.V.
Miele & Cie. KG