Household Vacuum Cleaners Market: Production, Revenue, Gross Margin Analysis with Forecast to 2027

1. Household Vacuum Cleaners Market: Production, Revenue, Gross Margin Analysis with Forecast to 2027 The global household vacuum cleaners' market was valued at USD 13,814.1 Million in 2019 and is pro jected to reach USD 21,321.4 Million by 2027, expanding at a CAGR of 5.7% during the forecast perio d. Demand for household vacuum cleaners is high due to increase in the consumer expenditure and r ising working population across the globe. Additionally, adoption of technologically advanced produc ts, including robotic vacuum cleaners due to automatic operation and significant reduction in time dr ives the demand for household vacuum cleaners. Major household vacuum cleaners' applications include carpet cleaning, hard floor cleaning, and pet hair cleaning. In the global household vacuum cleaners' market, the carpet cleaning application segm ent holds a significant share of the market size, followed by the hard floor cleaning. Market share of t he pet hair cleaning segment and other segments is expected to grow during the forecast period. Rising adoption of technologies by vacuum cleaners' manufacturers is expected to boost their deman d in households. Additionally, limited time required to complete household chores is estimated to bo ost the demand for house hold vacuum cleaners. Increasing population and disposable income in Asi a Pacific, is anticipated to drive demand during the forecast period. Increase in competition owing to the presence of a large number of players, with a low degree of product differentiation, is expected t o reduce prices, thus making products affordable for the lower middle-class population. Get A Free Sample Report: https://growthmarketreports.com/request-sample/100 On the basis of types, the household vacuum cleaners' market has been divided into upright types, cylinder type, central, drum, wet/dry, robotic cleaners, and others. The upright type segment holds a significant market share. Innovations and developments are increasing applications of household vacuum cleaners in the developing and emerging countries. Diverse applications of upright vacuum cleaners are being introduced in the market due to its variant features. Additionally, the demand of eco-friendly vacuum cleaners has increased globally due to its low power consumption. About Growth Market Reports: Growth Market Reports provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. Growth Market Reports has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Contact Info: – Address: – 1st Floor, Kalpavruksha Office No 1, GK Lane Number 3, Ingawale Nagar, Pimple Nilakh, Pune, Maharashtra 411027 Phone No: – USA: +1 909 545 6473 Email: – sales@growthmarketreports.com •Website: – https://growthmarketreports.com/