North America Household Vacuum Cleaners Market

1. North America Household Vacuum Cleaners Market Revenue to Surpass USD 6.5 Billion by 2026: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

2. According to a recent study from market research firm Graphical Research, the North America household vacuum cleaners market size is poised to expand at substantial CAGR during the forecast period. The North America household vacuum cleaners market size saw an incredible increase as it had reportedly surpassed $4 billion in the year 2019. This is expected to further increase between the forecast years of 2020 to 2026, as per reports. The World Bank published data reportedly showed a considerable increase in the per capita income of the average American consumer, i.e. from $62,996 to $65,297, in the years 2018 and 2019 respectively. This, together with the general public awareness about the benefits of clean and hygienic environment, has resulted in the sudden increase of the demand of household appliances, including vacuum cleaners, in the North American market. An important driver for the growth of North America household vacuum cleaners market size is the different types of products available in the market for the customers. Right from cordless to canister, from upright and pet to robotic vacuum cleaners, there is a product to suit every need. For example, cordless vacuum cleaner brands like Bissell, Miele Triflex, and others are reported to see an upward trend in sales in the North American houses. It is much more convenient to handle a cordless vacuum cleaner as opposed to a corded one. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

3. Browse detailed statistical insights from the report, “North America Household Vacuum Cleaners Market” along with the table of contents (ToC) @https://bit.ly/3rPGR6s Get sample copy of this research report @ https://www.graphicalresearch.com/request/1684/sample ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

4. Another reason to expect further increase in share of the North America household vacuum cleaners market is increase in consumer buying from offline stores. Offline stores such as departmental stores and shopping malls help the customer in physical inspection of the product before making a purchase. Buying from offline store is not just convenient but reliable too. Despite expanding online presence, the revenue from these offline stores is reported to increase at a steady pace. Tech-smart household vacuum cleaners are entering the market, with North America’s affinity towards using tech-savvy products. This not only reflects their demand for convenience but is also a sign of rise in the standard of living and the increasing need to have a lavish lifestyle. A good example of this can be cited from LG Electronics, which launched its AI-enabled CordZero R9 Thinq. It uses robotics and laser sensors to store data on the surfaces it has cleaned. This has been another important contributor towards the increase in sales figures for North America’s household vacuum cleaners market. However, it is important to keep in mind the adverse effects of the COVID pandemic on the overall growth and sales of the industry in North America. The industry faced significant supply chain issues, thanks to little-to-no supply of raw materials and manpower. Countries like the USA and Canada have especially suffered in the pandemic because of the complete halt on the import of vital electric parts from their main exporter, China. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

5. The element of fear and worry of contracting the virus among the North American population is expected to be a significant driver of an increased demand for household vacuum cleaners in the North American industry. There are different brands leading the North American household vacuum cleaners market, in terms of their revenue and sales, such as Haier, Eureka Forbes, Toshiba, Electrolux, LG Electronics, Samsung Electronics, Panasonic Corporation, Dyson Ltd, Black & Decker, SharkNinja Operating LLC, among others. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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