Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 17.49 Billion | USD 29.59 Billion | 6.14% | 2023 |
The global household vacuum cleaners market size was worth around USD 17.49 billion in 2023 and is predicted to grow to around USD 29.59 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.14% between 2024 and 2032.
The report covers a forecast and an analysis of the household vacuum cleaners market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on both volume (Million Units) and revenue (USD Billion).
Household vacuum cleaners are electric appliances that are employed to clean carpets and floors and remove pet hair from furniture. The major component of a vacuum cleaner is a suction pump, which through its action, sucks-in all the dust and dirt from floors and other surfaces. Vacuum cleaners reduce cleaning time and provide better results as compared to other cleaning methods along with being a boon for people with dust allergies. Household vacuum cleaners have become a major component of the small household appliances category.
The study includes drivers and restraints of the household vacuum cleaners market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the household vacuum cleaners market on a global level.
To understand the competitive landscape in the market, an analysis of Porter’s Five Forces Model for the household vacuum cleaners market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The household vacuum cleaners market is experiencing positive growth, due to the rising hygiene and health concerns and the rising working population around the globe. However, the limited awareness among people living in remote areas and growing concerns regarding high power usage may obstruct the household vacuum cleaners market globally over the forecast time period. Alternatively, the rising awareness regarding health benefits and efficient cleaning and technological upgrades are expected to further boost the household vacuum cleaners market growth in the years ahead.
The study provides a decisive view of the household vacuum cleaners market by segmenting it on product type, distribution channel, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
By product type, the household vacuum cleaners market includes canister, upright, central, drum, wet/dry vacuum cleaner, robotic vaccum cleaners, and others. Each of these products performs a slightly different function than the rest. Canisters are in higher demand, as compared to other vacuum cleaner types, due to their compact size and long hoses that make them suitable for a variety of cleaning applications. Upright vacuum cleaners are expected to witness a steady market growth in the future, as these are less expensive and can be stored easily storage apart from being easy to use, as compared to canister vacuum cleaners. Robotic vacuum cleaners are the latest kind of vacuum cleaners, which require low or no manual supervision and are more efficient in cleaning apart from possessing various remarkable features like self-charging capability, giving fire/intrusion alerts, etc. These factors are likely to boost the robotic household vacuum cleaners segment over the forecast timeline.
On the basis of distribution channel, the household vacuum cleaners market is fragmented into offline and online. As online retailing is on a rise worldwide, offline sales are anticipated to grow at a slower rate. Thus, technological advancements and innovative marketing strategies by e-commerce platforms coupled with ease of online buying are expected to fuel the online segment growth over the forecast period.
Report Attributes | Report Details |
---|---|
Report Name | Household Vacuum Cleaners Market Research Report |
Market Size in 2023 | USD 17.49 billion |
Market Forecast in 2032 | USD 29.59 billion |
Growth Rate | CAGR of 6.14% |
Number of Pages | 110 |
Key Companies Covered | Electrolux, Eureka Forbes, Haier Group, HausVac, iRobot Corporation, Koninklijke Philips, LG Electronics, Panasonic Corporation, Robert Bosch, and Samsung Electronics. |
Segments Covered | By Product Type, By Distribution Channel, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America held the largest household vacuum cleaners market share in 2023, followed by Europe. The Asia Pacific household vacuum cleaners market is expected to grow rapidly in the upcoming years. China and Japan are currently leading the household vacuum cleaners market in the Asia Pacific.
The key players operating in the global household vacuum cleaners market are:
Global Household Vacuum Cleaners Market: Product Type Analysis
Global Household Vacuum Cleaners Market: Distribution Channel Analysis
Offline
Global Household Vacuum Cleaners Market: Regional Analysis
FrequentlyAsked Questions
Household vacuum cleaners are electric appliances that are employed to clean carpets and floors and remove pet hair from furniture.
According to study, the Household Vacuum Cleaners Market size was worth around USD 17.49 billion in 2023 and is predicted to grow to around USD 29.59 billion by 2032.
The CAGR value of Household Vacuum Cleaners Market is expected to be around 6.14% during 2024-2032.
North America has been leading the Household Vacuum Cleaners Market and is anticipated to continue on the dominant position in the years to come.
The Household Vacuum Cleaners Market is led by players like Electrolux, Eureka Forbes, Haier Group, HausVac, iRobot Corporation, Koninklijke Philips, LG Electronics, Panasonic Corporation, Robert Bosch, and Samsung Electronics.
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