Vacuum Cleaner Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Vacuum Cleaner Market
The vacuum cleaner market size was valued at USD 41.59 billion in 2022, and the market is now projected to grow from USD 44.24 billion in 2023 to USD 74.98 billion by 2030, exhibiting a CAGR of 7.8% during the forecast period of 2023-2030.
The COVID-19 pandemic certainly influenced the progression of market due to mounting customer awareness about the usage of technologically progressive domestic and commercial cleaning tools. The occurrence of the pandemic led individuals to successfully clean their homes and an upsurge in customer awareness about cleaning and disinfection.
The growing product demand in both residential and commercial sectors due to growing awareness among the inhabitants about the implementation of technologically progressive products for upholding cleanliness and hygiene across locations. The internationally growing industrialization and urbanization, which surge demand for vacuums to maintain hygiene and sanitation at numerous places, consequently motivate the vacuum cleaner market growth. Additionally, growing disposable income of end users among developing nations is creating the demand for the product.
The use of Artificial Intelligence (AI) and IoT technology has boosted the productivity of cleaning systems, letting them to study and develop their performance over time. Features such as instantaneous dust finding, automatic power control, and machine learning procedures are now combined into these cleaning wonders. These are specific of the modern vacuum cleaner market developments.
Comprehensive Analysis of Vacuum Cleaner Market
The market can be segmented in various ways, depending on the focus of analysis such as by product type, by bucket type, by end user and by power type. Based on product type, the market is segmented into canister, upright, robot, handheld, and others. Based on bucket type, the market is segmented into bag less and bagged. Based on power type, the market is categorised into cordless and corded. Based on end user, the market is segmented into residential, commercial, and industrial.
Asia Pacific region is dominating the vacuum cleaner market share due to mounting urbanization, surge in disposable proceeds, and intensifying implementation of technologically progressive products.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include LG Electronics (South Korea), Stanley Black & Decker Inc (U.S.), Miele & Cie KG (Germany), Electrolux AB (Sweden), Bissell Homecare Inc (U.S.), Panasonic Corporation (Japan), Karcher (Germany), Techtronic Industries Co. Ltd (Hong Kong), Haier Group (China), Ecovacs Robotics Inc (China) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In August 2022, China-based UWANT launched X-100 cleaner, enabled with progressive hair cutting technology, and roller technology. The solution can gather wet dirt as well as dehydrated dirt.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 7.8% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Product Type
Canister
Upright
Robot
Handheld
Others (Stick)
By Bucket Type
Bagless
Bagged
By Power Type
Cordless
Corded
By End User
Residential
Commercial
Industrial
By Region
North America (By Product Type, By Bucket Type, By Power Type, By End User, and By Country)
U.S. (By Product Type)
Canada (By Product Type)
Mexico (By Product Type)
Europe (By Product Type, By Bucket Type, By Power Type, By End User, and By Country)
Germany (By Product Type)
U.K. (By Product Type)
France (By Product Type)
Italy (By Product Type)
Spain (By Product Type)
Nordics (By Product Type)
Benelux (By Product Type)
Rest of Europe
Asia Pacific (By Product Type, By Bucket Type, By Power Type, By End User, and By Country)
China (By Product Type)
Japan (By Product Type)
India (By Product Type)
Australia (By Product Type)
Southeast Asia (By Product Type)
Rest of Asia Pacific
Middle East & Africa (By Product Type, By Bucket Type, By Power Type, By End User, and By Country)
GCC (By Product Type)
South Africa (By Product Type)
Rest of the Middle East & Africa
South America (By Product Type, By Bucket Type, By Power Type, By End User, and By Country)
Brazil (By Product Type)
Argentina (By Product Type)
Rest of South America
Please Note: It will take 5-6 business days to complete the report upon order confirmation.