Vacuum Cleaner Market Report and Forecast 2023-2028

According to the report the global vacuum cleaner market reached a value of USD 27.6 billion in 2022. Aided by the rising hygienic consciousness and increasing prevalence of bacterial and viral infections, the market is projected to further grow at a CAGR of 5.40% between 2023 and 2028 to reach a value of USD 37.5 billion by 2028.

Vacuum cleaners, the electric devices designed to suction dirt and dust from floors and other surfaces, have transcended beyond being mere cleaning appliances. In today's fast-paced world, they symbolise a convergence of convenience, technology, and hygiene. They find diverse applications, from household chores to industrial cleaning, attributing to their efficacy in ensuring cleaner spaces and air quality. Apart from the primary function of cleaning, modern vacuum cleaners boast advanced filtration systems, ensuring the capture of minute particles, including allergens, thereby promoting a healthier living environment.

The growth trajectory of the global vacuum cleaner market dynamics is deeply intertwined with the changing trends of the urban lifestyle. As urban households grapple with time constraints, the emphasis on efficient and effective cleaning solutions has amplified. Vacuum cleaners, with their promise of rapid and thorough cleaning, are well-positioned to cater to these evolving demands, making them an indispensable household tool in modern settings.

Moreover, the expanding horizons of vacuum cleaner applications play an integral role in fuelling the vacuum cleaner market expansion. In commercial settings, such as hotels, offices, and shopping complexes, where maintaining cleanliness stands paramount, vacuum cleaners ensure pristine environments, enhancing the space's appeal and safety. The industrial sector too, with its specific requirements for maintaining dust-free environments, especially in sectors like electronics manufacturing, heavily relies on industrial-grade vacuum cleaners.

Additionally, technological advancements and innovations leading to the development of technically superior vacuum cleaners have further elevated the vacuum cleaner market growth. From robot vacuums that can be controlled via smartphone applications to cordless stick vacuums offering unparalleled mobility, the options are diverse, catering to varied consumer needs. These innovations not only promise enhanced cleaning but also ensure energy efficiency and sustainability.

Market Segmentation

The market can be divided based on product, distribution channel, application, and region.

Market Breakup by Product

• Canister
• Central
• Drum
• Robotic
• Upright
• Wet and Dry
• Others

Market Breakup by Distribution Channel

• Offline Stores
• Online Stores

Market Breakup by Application

• Industrial
• Residential
• Commercial

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global vacuum cleaner companies. Some of the major key players explored in the report are as follows:

• LG Electronics Inc.
• Haier Inc.
• Miele & Cie. KG
• Samsung Electronics Co., Ltd
• BISSELL Homecare, Inc.
• Panasonic Corporation
• iRobot Corporation
• Koninklijke Philips N.V
• Eureka Forbes Ltd
• SharkNinja Operating LLC
• Ecovacs Robotics, Inc.
• Beijing Roborock Technology Co., Ltd
• Others

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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.