Global Vacuum Cleaner Market 2023-2027

Global Vacuum Cleaner Market 2023-2027
The vacuum cleaner market is forecasted to grow by USD 6966.72 mn during 2022-2027, accelerating at a CAGR of 10.94% during the forecast period. The report on the vacuum cleaner market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing number of smart cities, emergence of robotic vacuum cleaners, and lucrative offers from online channels.

Technavio's vacuum cleaner market is segmented as below:

By ApplicationResidentialCommercialIndustrialBy Distribution ChannelOfflineOnlineBy Geographical LandscapeNorth AmericaEuropeAPACMiddle East and AfricaSouth AmericaThis study identifies the social factors driving adoption of robot vacuum cleaners in urban areas as one of the prime reasons driving the vacuum cleaner market growth during the next few years. Also, advancements in vacuum cleaners and growing concern about efficient air filtration systems in homes and offices will lead to sizable demand in the market.

The report on the vacuum cleaner market covers the following areas:Vacuum cleaner market sizingVacuum cleaner market forecastVacuum cleaner market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading vacuum cleaner market vendors that include Alfred Karcher SE and Co KG, American Vacuum Co., Beijing Roborock Technology Co. Ltd., BISSELL, Dyson Group Co., Emerson Electric Co., Haier Smart Home Co. Ltd., Irobot Corp., JS Global Lifestyle Co. Ltd., Koninklijke Philips N.V., LG Corp., Midea Group Co. Ltd., Miele and Cie. KG, NKT AS, Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Stanley Black and Decker Inc., Tata Sons Pvt. Ltd., Vac-U-Max, and Snow Joe LLC. Also, the vacuum cleaner market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.