The Asia Pacific Vacuum Cleaner Market would witness market growth of 9.8% CAGR during the forecast period (2022-2028).
One of the important growth drivers is the increasing importance of online sales channels and social media platforms. These channels have been crucial in spreading information about technologically enhanced products and new launches, as well as raising awareness of the importance of maintaining hygiene.
Due to shifting consumer dynamics and cutting-edge technologies, the vacuum cleaner market is going through substantial changes. With the rising adoption of smart connectivity apps and robotic technologies, cleaning has become more efficient and intelligent. Many companies are also focusing on developing sustainable products with features like reduced emissions and noise production.
South Asian countries have the potential to change their economies through urbanization and catch up to richer nations in terms of income and livability. Cities will combine in various locations to form urban communities on a scale that has never been seen before. Mega-regions, urban corridors, and city regions are some of these novel structures. Due to low major appliance spending per capita in the Asia-Pacific region, major home appliance growth has historically been slow. As a result, the industry offers enormous development potential. The key driving forces behind market innovation are an increase in housing stock, an increase in housing income, and a rise in premiumization among consumers in the region. All these factors are aiding in the growth of the regional vacuum cleaners market in the coming years.
The China market dominated the Asia Pacific Vacuum Cleaner Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,200.3 million by 2028.The Japan market is estimated to grow a CAGR of 9.1% during (2022 - 2028). Additionally, The India market would display a CAGR of 10.5% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Online and Offline. Based on Application, the market is segmented into Residential, Industrial and Commercial. Based on Industrial Type, the market is segmented into Manufacturing, Food & Beverages, Construction, Pharmaceuticals and Others. Based on Commercial Type, the market is segmented into Hospital, Hospitality, Retail Stores, Shopping Malls and Others. Based on Product, the market is segmented into Canister, Robotic, Drum, Wet & Dry, Upright, Central and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Vacuum Cleaner Market is Projected to reach USD 20.6 Billion by 2028, at a CAGR of 9.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Alfred Karcher SE & Co. KG, Dyson Limited, Ecovacs Robotics Co., Ltd., Emerson Electric Co., Haier Group Corporation, iRobot Corporation (Amazon.com, Inc.), Neato Robotics, Inc. (Vorwerk & Co. KG), Nilfisk Holding A/S, Panasonic Holdings Corporation, and BISSELL, Inc.
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