Household Vacuum Cleaners Market size, share, growth, trends and forecast by 2024

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Household Vacuum Cleaners Market Global
Industry Analysis Report, Share, Size, Growth,
Price Trends and Forecast, 2016 2023
Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Industry Insights

• Global Household Vacuum Cleaners Market size was
  evaluated at more than 11.6 million for 2015 and
  is projected to record CAGR of about 4.7 during
  forecast timeline. Increasing disposable income
  along with acceptance of modern lifestyle is
  predicted to encourage consumers for expending
  more on utilities and this will result in more
  demand for product.
• Further, rise in customer consciousness about
  benefits derived by using these items coupled
  with growing living standards can propel industry
  expansion.Furthermore, swift technological
  innovations in the global industry are expected
  to provide efficient durable items at
  reasonable costs. This aspect is predicted to
  boost global household vacuum cleaners industry
  trends during forecast timeline.
• However, high power supply charges per unit are
  predicted to hinder the global household vacuum
  cleaners market growth as these equipments
  utilize significant proportion of power for its
  functions. Countries with relatively low average
  disposable incomes (or low per capita incomes)
  are cost sensitive and hence high energy
  consumption by these items can discourage
  consumers to purchase these items. All these
  factors can also hinder the industry growth.

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Product Insights

• Global household vacuum cleaners industry is
  segmented into robotic, upright, drum, canister,
  wet or dry and central. Products with tiny size
  and high suction ability as well as capacity to
  cleanse big surface area are projected to fuel
  upright segment growth. It is predicted to
  contribute greater than 25.1 to the total
  industry share by end of forecast timeline.
• Canister segment is predicted to witness
  substantial expansion as the equipment is user
  friendly and can easily be handled. It is
  anticipated to evaluated at more than 4.6
  billion till end of forecast timeline and
  register CAGR of 3.91 during forecast timeframe.
• Robotic products segment is projected to
  experience substantial expansion in future. The
  growth can be credited to many innovative inbuilt
  or embedded features like mobile support,
  acoustic sensor, capacity to self-charge,
  sweeping brushes and automatic mapping abilities.
  It is predicted to experience good growth as the
  equipment requires less time and energy to
  operate. This segment contributed about 12.1 of
  the total household vacuum cleaners market share
  for 2015 and is predicted to contribute revenue
  of about 3.6 billion by end of forecast timeline.

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APAC Household Vacuum Cleaners Market size, by
product, 2013-2024 (USD Million)

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Regional Insights

• Global household vacuum cleaners market is
  segmented into geographical locations like Asia
  Pacific, Europe, North America, MEA and LATAM.
• Asia Pacific household vacuum cleaners industry
  revenue was worth 3.8 billion for 2015 and
  expected to record CAGR of 5.3 during forecast
  timeline. Heavy demand from nations like China,
  India and Japan are predicted to contribute
  towards regional industry expansion.
• Growing concerns about health and hygiene and
  time constraints for household cleaning
  activities are few of the factors anticipated to
  promote U.S. household vacuum cleaners market
  growth.

Competitive Insights

• Key industry participants profiled in the global
  household vacuum cleaners market research report
  include Oreck Corporation, Bissell Incorporation,
  Haier Group, Electrolux Group, Miele, Dyson
  Limited, Stanley Black Decker, Eureka Forbes
  Limited, TTI Floor Care, Royal Philips
  Electronics, LG Corporation, Panasonic
  Corporation, iRobot Corporation and Samsung.

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