Household Vacuum Cleaners Market size worth $17 billion by 2024

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Household Vacuum Cleaners Market size worth 17
billion by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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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.

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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.

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

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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.

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