Household Vacuum Cleaners Market size worth $17 billion by 2024 - PowerPoint PPT Presentation

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Household Vacuum Cleaners Market size worth $17 billion by 2024

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Household Vacuum Cleaners Market size was valued at over USD 11.5 billion in 2015, and is anticipated to grow at 4.6% CAGR from 2016 to 2024; according to a new research report by Global Market Insights, Inc. – PowerPoint PPT presentation

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Title: Household Vacuum Cleaners Market size worth $17 billion by 2024


1
Household Vacuum Cleaners Market size worth 17
billion by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Household Vacuum Cleaners
Market
  • Upright systems are forecast to continue its
    dominance owing to small size, high suction
    capability and large cleaning surface area. It is
    estimated to account for over 25 of the overall
    industry share by 2024, growing at 3.2 CAGR from
    2016 to 2024.
  • Robotic vacuum cleaners market share is predicted
    to record substantial growtn prospects owing to
    various state-of-the-art features such as
    automated mapping, acoustic sensors, mobile
    support, self-charging and sweeping brushes. The
    segment is forecast to be valued at over USD 3.5
    billion by 2024.
  • Asia Pacific household vacuum cleaners market
    share will grow at 5.2 CAGR estimations over the
    forecast timeframe. Regionl growth can be
    credited to existence of various emerging
    countries such as Japan, China and India.

3
Continued...
  • The North American industry will be benefitted by
    growing household cleaning time constraints and
    personal health as well as hygine concerns.
  • Key competitors contributing to household vacuum
    cleaners market size are Electrolux, Dyson,
    Stanley, TTI Floor Care, Miele and Oreck. Other
    leading industry players include Black Decker,
    Haier, Eureka Forbes, LG, Panasonic, iRobot,
    Bissell, Samsung, and Philips.

4
APAC Household Vacuum Cleaners Market size, by
product, 2013-2024 (USD Million)

5

Browse Full Market Research Report Household
Vacuum Cleaners Market _at_ http//goo.gl/qNv9Mt R
equest for a Sample of this Research report _at_
https//www.gminsights.com/request-sample/detail/7
09
6
360 Analysis
  • Application Analysis
  • Dynamic lifestyle provides customers with very
    limited time to manage household activities, and
    convenience, efficiency and time saving have
    become an important factor affecting their buying
    decision. Robotic vacuum cleaners market will
    witness growth, since these devices can be
    operated by using a mobile application, thus help
    in saving time as well as energy. Energy
    consumption rate will play a crucial role in
    product selection owing to rising energy prices.
    In addition, high electricity unit prices are
    expected to hamper growth as these devices
    consume considerable amount of energy for its
    operations.
  • Regional Analysis
  • Asia Pacific industry revenue was valued at USD
    3.7 billion in 2015 and is predicted to grow at
    5.2 CAGR from 2016 to 2024. Demand across
    countries such as India, Japan and China will
    benefit regional growth. Rising hygiene
    personal health concern and time constraints for
    household cleaning is predicted to drive U.S.
    household vacuum cleaners market size.
  • Competitive Market Share
  • Key players contributing to household vacuum
    cleaners market share include Dyson, Electrolux
    Group, Stanley Black Decker, TTI Floor Care,
    Oreck and Miele. Other prominent industry
    participants Eureka Forbes, Haier Group, LG,
    iRobot, Panasonic, Bissell, Royal Philips
    Electronics, and Samsung.


7
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