Published Date: 31-Jan-2023
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According to a new report, published by KBV research, The Global Vacuum Cleaner Market size is expected to reach $20.6 billion by 2028, rising at a market growth of 9.6% CAGR during the forecast period.
The Offline segment is showcasing a CAGR of 7.9% during (2022 - 2028). Growth is explained by the increase in specialist electronics and appliance stores, which has increased the amount of shelf space available for product marketing. Customers buy vacuum cleaners from brick-and-mortar retailers to discover the proper fit and to better comprehend the vacuum cleaner's operation. Additionally, a lot of stores on the market employ sales professionals who may recommend the best product based on customers' needs and give them a demonstration of how the items operate.
The Residential segment acquired maximum revenue share in the Global Vacuum Cleaner Market by Application in 2021 thereby, achieving a market value of $9.2 billion by 2028. People are restricted to their houses as a result of the WFH model's widespread adoption, making timely management of everyday chores necessary. As a result, there is presently more demand for household appliances, particularly cleaning supplies. Furthermore, the need to keep houses free of disease and rising cases of asthma and allergies brought on by the dust and grime in residential settings are likely to fuel demand for vacuum cleaners in residences.
The Robotic segment has shown the growth rate of 9.4% during (2022 - 2028). Due to COVID-19, new cleaning standards and demands have evolved, freeing up human personnel to perform other tasks, particularly in hospitals. These requirements have forced the business sector to use robotic or autonomous vacuum cleaners. Residential clients and end users are drawn to features like automatic charging, smart home movement, and voice-activated instructions enabled by digital voice assistants.
The Asia Pacific market dominated the Global Vacuum Cleaner Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7.7 billion by 2028. The Europe market is exhibiting a CAGR of 9.4% during (2022 - 2028). Additionally, The North America market would display a CAGR of 8.9% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/vacuum-cleaner-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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Unique Offerings from KBV Research
North America Vacuum Cleaner Market Future Scope & Opportunities 2022-2028
Europe Vacuum Cleaner Market Size & Growth Forecast 2022-2028
Asia Pacific Vacuum Cleaner Market Size, Share & Industry Outlook to 2028
LAMEA Vacuum Cleaner Market Growth, Trends & Forecasts 2022-2028