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Vacuum Cleaners Market

Vacuum Cleaners Market

Vacuum Cleaners Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

182

Base Year:

2022

Date

Sep - 2024

Format:

PDF XLS PPT

Report Code:

VMR-VMR-2021-0886

Segments Covered
  • By Product By Product Canister, Central, Drum, Upright, Robotic, Wet & Dry, Others
  • By Distribution Channel By Distribution Channel Online, Offline
  • By Application By Application Industrial, Residential , Commercial
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 41.52 Billion
Revenue 2030Revenue 2030: USD 55.40 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 3.68%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Europe
Largest Region Largest Region (2022): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Vacuum Cleaners Market Share

The global Vacuum Cleaners Market is valued at USD 41.52 Billion in 2022 and is projected to reach a value of USD 55.40 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 3.68% between 2023 and 2030.

Premium Insights

The growth of the Vacuum Cleaners market is driven by various factors including urbanization, as more people opt for smaller living spaces, which increases the demand for compact and efficient vacuum cleaners. Additionally, rising incomes allow consumers to purchase premium models with improved features, leading to market expansion. The COVID-19 pandemic has also heightened awareness of health and hygiene, resulting in increased demand for advanced vacuum cleaners equipped with HEPA filters and UV sterilization. Moreover, the popularity of smart homes and IoT integration has contributed to the market's momentum, as consumers seek technologically advanced and connected vacuum cleaning solutions.

Vacuum Cleaners Market Size, 2022 To 2030 (USD Billion)

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  • Environmental concerns, such as energy efficiency and sustainability, are also influencing consumer choices, reflecting a broader societal shift towards vacuum cleaners
  • Asia Pacific generated more than 32.5% of revenue share in 2022
  • Europe is expected to grow at the quickest rate from 2023 to 2030
  • Canister segment accounted for the largest market growth. It contributed over 25.5% of the total revenue share in 2022 due to its superior suction power, versatility, and durability, making it the preferred choice for consumers seeking high-performance and adaptable vacuum cleaning solutions
  • Online segment accounts for the most significant market share of 57.2% in 2022
  • Residential segment dominated the Vacuum Cleaners market with market share of 45.5% in 2022

Economic Insights

The Vacuum Cleaners market is influenced by various economic factors, including consumer trends, technological advancements, and global economic conditions. The increased urbanization in rapidly developing regions has resulted in a higher demand for household appliances, including vacuum cleaners. As the middle class grows in emerging economies, they have more purchasing power, leading to a shift in market demand towards premium and technologically advanced vacuum cleaner models. Economic factors also play a role in consumer choices, with energy efficiency and sustainability being important considerations when making a purchase. The incorporation of smart technologies and IoT connectivity in vacuum cleaners aligns with the broader trend of smart homes, contributing to market growth and the overall economic landscape.

Report Coverage & Deliverables

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Top Market Trends

  • Growing Popularity of Smart Vacuum Cleaners: Controlling smart vacuum cleaners through a smartphone application or voice assistant allows for convenient initiation and termination of cleaning, setting cleaning schedules, and monitoring the current state of the vacuum cleaner.
  • Increasing Demand for Energy-Efficient Vacuum Cleaners: The increasing environmental consciousness among consumers is causing a surge in the demand for energy-efficient vacuum cleaners. As a result, manufacturers are actively creating innovative models that consume less energy and emit fewer pollutants to meet this growing market requirement.
  • The Rise of E-commerce: The rise in popularity of online shopping has resulted in a greater demand for vacuum cleaners on the internet.
  • Growing Focus on Pet-Friendly Vacuum Cleaners: Manufacturers are responding to the demand for vacuum cleaners that can effectively eliminate pet hair and dander by developing new models equipped with features like strong suction, specialized tools, and HEPA filters, as many households have pets and consumers are seeking such products.
  • Increasing Popularity of Wet and Dry Vacuum Cleaners: Versatile cleaning tools, wet and dry vacuum cleaners are suitable for both liquids and solids, making them sought after in commercial and industrial settings.

Market Segmentation

Vacuum Cleaners The global Vacuum Cleaners market can be categorized into Product , Distribution Channel, Application , Region. The Vacuum Cleaners market can be categorized into Canister, Central, Drum, Upright, Robotic, Wet & Dry, Others based on Product . The Vacuum Cleaners market can be categorized into Online, Offline based on Distribution Channel. The Vacuum Cleaners market can be categorized into Industrial, Residential , Commercial based on Application . The Vacuum Cleaners market can be categorized into North America, Europe, Asia Pacific, Latin America, Middle East & Africa based on Region.

Based on Product

Canister holds the largest share

Canister vacuum cleaners are the leading choice in the global Vacuum Cleaners market due to several key advantages. They are known for their exceptional suction power and high performance, due to their powerful motors and spacious dustbins. This makes them highly effective in getting rid of dirt, dust, and allergens. Another reason for their dominance is their unmatched versatility, as they come with a wide range of attachments that can be used to clean different surfaces, such as carpets, hard floors, upholstery, and curtains. Moreover, canister vacuum cleaners are highly durable and can withstand heavy use better than other vacuum types.

Based on Distribution Channel

Online will account for largest market share

Online distribution channels are expected to dominate the Vacuum Cleaners market. The convenience of online shopping makes it easy for consumers to browse and buy vacuum cleaners from the comfort of their homes, and doorstep delivery adds to this appeal. Compared to physical stores, online retailers offer a wider range of choices, giving consumers more options to choose from. The lower prices offered by online retailers, due to lower operating costs, also encourage consumers to choose digital platforms.

Based on Application

Residential will account for largest market share

The largest share in the Vacuum Cleaners market is expected to be held by the residential segment in 2022 due the essential role vacuum cleaners in households. Urbanization is a key factor as more people are living in compact spaces such as apartments and condos, leading to a demand for smaller and easy-to-use vacuum cleaners. The increasing disposable incomes of consumers also drive the market, as they are able to invest in high-quality vacuum cleaners that offer better performance and advanced features. Additionally, there is a growing awareness of health and hygiene, resulting in a demand for vacuum cleaners with innovative features like HEPA filters and UV sterilization, indicating a stronger focus on maintaining clean and allergen-free home environments.

Based on Region

Asia Pacific will lead the market

Asia Pacific region is expected to dominate the Vacuum Cleaners market in 2022. The region's rapid urbanization, making it one of the fastest urbanizing areas in the world, has created a higher demand for household appliances including vacuum cleaners. The increasing affluence of the middle class in the region has resulted in greater purchasing power, enabling them to invest in premium vacuum cleaner models. Additionally, there is a growing awareness of health and hygiene among consumers in the Asia Pacific region, leading to a rising demand for advanced vacuum cleaner features like HEPA filters and UV sterilization. This reflects a collective focus on maintaining clean and allergen-free home environments in the region.

Competitive Landscape

The Vacuum Cleaners market is highly competitive, with key players like Dyson, SharkNinja, and BISSELL competing fiercely for market share and leadership in innovation. These established brands use technological advancements to introduce advanced features and improve cleaning efficiency. Key players adopt competitive strategies such as global expansion, product diversification, and a focus on sustainability. As consumer preferences shift towards environmentally-friendly and connected home solutions, the competitive landscape is defined by continuous innovation, strategic partnerships, and user-friendly designs to cater to a diverse customer base.

The players in the global Vacuum Cleaners market include Kärcher, Brady Industries, Dirt Devil, Gtech, Diversey, Electrolux Home Care Products NA, Alfred Karcher GmbH & Co KG, Aerus LLC, Betco, Goblin Vacuum Cleaners, BSH Bosch und Siemens Hausgeräte. among others.

Recent Market Developments

  • March 2022: Dyson, the inventor of the bagless vacuum cleaner, disclosed its plans to invest SGD 1.5 billion (~USD 1.1 Billion) in Singapore within the next four years. This initiative is part of a larger global investment plan totaling SGD 4.9 billion (~USD 3.5 billion).

Segmentation of the Global Vacuum Cleaners Market

Parameter Details
Segments Covered

By Product

  • Canister
  • Central
  • Drum
  • Upright
  • Robotic
  • Wet & Dry
  • Others

By Distribution Channel

  • Online
  • Offline

By Application

  • Industrial
    • Manufacturing
    • Food & Beverages
    • Pharmaceuticals
    • Construction
    • Others
  • Residential
  • Commercial
    • Hospital
    • Retail Stores
    • Hospitality
    • Shopping Malls
    • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Kärcher
  • Brady Industries
  • Dirt Devil
  • Gtech
  • Diversey
  • Electrolux Home Care Products NA
  • Alfred Karcher GmbH & Co KG
  • Aerus LLC
  • Betco
  • Goblin Vacuum Cleaners
  • BSH Bosch und Siemens Hausgeräte.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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FAQ
Frequently Asked Question
  • The global Vacuum Cleaners valued at USD 41.52 Billion in 2022 and is expected to reach USD 55.40 Billion in 2030 growing at a CAGR of 3.68%.

  • The prominent players in the market are Kärcher, Brady Industries, Dirt Devil, Gtech, Diversey, Electrolux Home Care Products NA, Alfred Karcher GmbH & Co KG, Aerus LLC, Betco, Goblin Vacuum Cleaners, BSH Bosch und Siemens Hausgeräte..

  • The market is project to grow at a CAGR of 3.68% between 2023 and 2030.

  • The driving factors of the Vacuum Cleaners include

    • Increasing awareness of cleanliness and hygiene

  • Asia Pacific was the leading regional segment of the Vacuum Cleaners in 2022.