Vacuum Cleaners Market
Vacuum Cleaners Market - Global Industry Assessment & Forecast
Segments Covered
- By Product Canister, Central, Drum, Upright, Robotic, Wet & Dry, Others
- By Distribution Channel Online, Offline
- By Application Industrial, Residential , Commercial
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 41.52 Billion |
Revenue 2030: | USD 55.40 Billion |
Revenue CAGR (2023 - 2030): | 3.68% |
Fastest Growing Region (2023 - 2030) | Europe |
Largest Region (2022): | Asia Pacific |
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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.
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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 |
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Segments Covered |
By Product
By Distribution Channel
By Application
By Region
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Regions & Countries Covered |
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Companies Covered |
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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 |
Pricing and purchase options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
FAQ
Frequently Asked Question
What is the global demand for Vacuum Cleaners in terms of revenue?
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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%.
Which are the prominent players in the market?
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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..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 3.68% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Vacuum Cleaners include
- Increasing awareness of cleanliness and hygiene
Which region accounted for the largest share in the market?
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Asia Pacific was the leading regional segment of the Vacuum Cleaners in 2022.