1 / 5

Vacuum Cleaner Market Size Worth $16.7 Billion By 2025

The global vacuum cleaner market size is projected to reach USD 16.7 billion by 2025 and expected to grow with a CAGR of 9.1% during the forecast period, from 2019 to 2025 according to Million Insights.

Download Presentation

Vacuum Cleaner Market Size Worth $16.7 Billion By 2025

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Vacuum Cleaner Market Size Worth $16.7 Billion By 2025 “The global vacuum cleaner market size is projected to reach USD 16.7 billion by 2025 and expected to grow with a CAGR of 9.1% during the forecast period, from 2019 to 2025. Rapidly changing lifestyles among millennials and rising demand for smart devices are the major factors which are expected to drive the demand for technologically advanced cleaning equipment.” The global vacuum cleaner market size is projected to reach USD 16.7 billion by 2025 and expected to grow with a CAGR of 9.1% during the forecast period, from 2019 to 2025. Rapidly changing lifestyles among millennials and rising demand for smart devices are the major factors which are expected to drive the demand for technologically advanced cleaning equipment. In addition, the emergence of new technology such as IoT enabled devices is another factor to have a positive impact on the market growth. Manual cleaning is a convectional form to maintain hygiene and cleanliness in commercial and residential places. However, the demand for vacuum cleaner is increasing in commercial and residential places not only for cleaning but also to ensure germ-free living. Several government initiatives to maintain cleanliness and hygiene are playing an important role to propel the market growth. For instance, in India, government initiatives such as ‘Swachh Bharat Abhiyaan’, sweepers and automatic vacuum cleaners are playing a major role to maintain public health at commercial places. Factors such as robust distribution channel, availability of advanced featured electric suction sweeper and rising awareness about cleanliness and hygiene among people are fuelling the vacuum cleaner market growth. The introduction of canister vacuum cleaner along with the HEPA filter which is able to clean the smallest dirt and dust particles and reduces the risk of pulmonary side effects like asthma and allergies is anticipated to open new avenues for market growth in the next few years. Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/global-vacuum-cleaner-market/request-sample

  2. Constant technological development has resulted in developing cordless, intelligent, and energy-efficient cleaning equipment. The introduction of advanced robotic cleaning machines that are equipped with an automatic charging function is projected to have a positive impact on market growth. In addition, the emergence of smart vacuum cleaner along with voice assistance system and collision avoidance system that supports Amazon Alexa and Google Home is another key factor projected to propel the vacuum cleaners market growth during the forecast period. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/global-vacuum-cleaner-market Further key findings from the report suggest: • In vacuum cleaner, canisters associated with several features and advantages like bag less dirt cup, and micro particle filter along with HEPA 12 filter held the largest market share, in 2018. • The online distribution channel is projected to grow with fastest CAGR of more than 9.0% over the forecast period. This growth is characterized by rising popularity of e-commerce portals and advertisement over social media platforms. • The residential segment is anticipated to grow with the fastest CAGR due to the emergence of cordless, lightweight and compact cleaning equipment. • North America is projected to retain its leading position throughout the forecast period. Growing adoption of vacuum cleaner in restaurants, hospitals, and hotels for cleaning purpose is major factor to drive the regional market growth. • Alfred Kärcher GmbH & Co. KG, Haier Group Corporation, Koninklijke Philips N.V., Nilfisk Group, iRobot Corporation and Bissell are the prominent players operating in this market.

  3. Million Insights has segmented the global vacuum cleaner market based on product, distribution channel, application, end use and region: Vacuum Cleaner Product Outlook (Revenue, USD Billion, 2014 - 2025) • Canister • Central • Drum • Robotic • Upright • Wet & Dry • Others Vacuum Cleaner Distribution Channel Outlook (Revenue, USD Billion, 2014 - 2025) • Online • Offline Vacuum Cleaner Application Outlook (Revenue, USD Billion, 2014 - 2025) • Industrial • Residential • Commercial Vacuum Cleaner End-Use Outlook (Revenue, USD Billion, 2014 - 2025) • Industrial • Manufacturing • Food & Beverages • Pharmaceuticals • Construction • Others • Commercial • Hospital

  4. • Retail Stores • Hospitality • Shopping Malls • Others Vacuum Cleaner Regional Outlook (Revenue, USD Billion, 2014 - 2025) • North America • U.S. • Canada • Europe • U.K. • Germany • Asia Pacific • China • Japan • India • Latin America • Brazil • Middle East & Africa See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/consumer-electronics

  5. Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184

More Related