Market Overview
The Global Vacuum Cleaner Market is expected to grow at a Significant CAGR during the forecast period 2024-2031.
Vacuuming is critical in maintaining a clean, inviting space to entertain, receive unexpected guests or sustain a clean living. The accumulation of dead skin cells, dirt, dander and bacteria affects the home's smell and has implications for poor personal hygiene. Modern-day vacuum cleaners serve as a time-efficient and convenient solution to most cleaning tasks. The demand for innovative cleaning devices is soaring, prompting companies to develop products featuring the latest technology. The market has observed an unpredicted spike in demand from the residential and commercial sectors in 2020, chiefly owing to the heightened demand to maintain hygiene in homes and hospitals during the covid-19 pandemic. The vacuum cleaners have also boosted with the growing working population and the decreasing time for household activities. By product type, robotic vacuum cleaners market has grown significantly because of its easy convenience as these cleaners can vacuum independently.
Market Scope
Metrics | Details |
Market CAGR | Prominent Growth |
Segments Covered | By Product Type, By Energy and Performance, By Charging Type, By Distribution Channel, By End-Users and Region |
Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
Fastest Growing Region | Asia Pacific |
Largest Market Share | North America |
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Market Dynamics
Rising demand for effective home cleaning solutions
One of the most important aspects of sustaining excellent mental health is keeping the house clean and neat. With millions of skin cells and thousands of hairs shed each day, the need to eliminate pathogens, allergies, dust, dander and pollen from our homes is constant and no method is as complete or effective as vacuuming. The germs have the potential to cause serious respiratory and health problems if left unattended. A vacuum can assist the individual and family health by improving the indoor air quality of your home by removing dust, dirt and grime. Furthermore, vacuum cleaners help reduce indoor allergens that cause illnesses, hypersensitivities and aggravate existing asthma and emphysema symptoms. Various leading companies are launching new products to keep the home safe and clean from harmful germs. For instance, in 2021, Dyson launched two new vacuum cleaners equipped with dust-detecting laser technology as the company tries to expand sales amid the pandemic-induced stay-at-home trend. The vacuum cleaners have laser technology on the cleaning head that exposes micro dust and dirt particles on the floor. Moreover, in 2020, Samsung Electronics introduced a new lineup of the Jet cordless stick vacuum cleaner that can deliver the ultimate end-to-end cleaning solution for the home. The Jet's s 5 Layered HEPA Filtration System reflects the company's engagement to secure the safety and health of its users. The product is certified and verified by the British Allergy Foundation and its filter captures 99.999% of dust particles that would escape back into the air through the vacuum exhaust.
Market Segmentation Analysis
The robotic vacuum cleaner market was valued at US$ XX million in 2020 and is estimated to grow at a CAGR of XX% over the forecast period to reach US$ XX million by 2028. The robotic vacuum cleaner is an automated vacuuming cleaning device integrated with intelligent programming and limited vacuum for cleaning purposes. The devices offer remote-controlled or independent cleaning of floors, pools, gardens and windows across the household and commercial localities. Robotic vacuum cleaner offers pre-programmed artificial intelligence-based products that efficiently clean floors, windows, pools and gardens without any human effort. It is comprised of a smart navigation system, adjustable suction power and a scheduling mechanism. Robot vacuum cleaners have gained popularity in recent years, mainly because they require little effort on your end. Various new products have been recently launched with advanced features to attract consumers in emerging countries. For instance, in 2021, INALSA has launched its Robot Vacuum Cleaner in India and it will be available through Flipkart. The Robot cleaner highlights 2-in-1 mopping and sweeping functionalities and six cleaning modes. The robotic floor cleaner's anti-fall and anti-shock sensors shield it from any damage due to the appliance's unexpected fall and shock. The robot vacuum cleaner makes universal cleaning automatic, but its collected dust and trash in the dust bin get consumer hands dirty when they empty the dust bin manually. Hence, companies are focusing on automating all the operations through their new product launches. For instance, in 2021, BONA Robot demonstrated its two latest products, BL900-AI LDS robot vacuum cleaner and BV332AL-self-cleaning LDS robot vacuum cleaner with automatic dust collection docking station
Market Geographical Share
The North America vacuum cleaner market was valued at US$ XX million in 2020 and is estimated to grow at a CAGR of XX% over the forecast period to reach US$ XX million by 2028. Today, nearly every home in U.S. has at least one vacuum cleaner. With most vacuums sold at around US$ 200-US$ 250, approximately 40 to 50 million vacuums are sold each year in U.S. The government regulations regarding safety and hygiene in the various industries prove to be a major driver for the growth of the vacuum cleaner market in the region. For instance, FDA prescribes pharmaceutical producers to use ULPA vacuums, HEPA vacuums and cleanroom vacuums as part of standard operating procedures. Other industries may not need ULPA filtration but would profit from specialized main filters that work better with certain types of waste. However, the amendments to international trade policy and trade war with China are set to affect the market growth in the region. in 2019, the round of duties imposed by U.S. affected many consumer products made in China and sold in the U.S, including vacuum cleaners, handbags and lighting fixtures. U.S. raised duties on US$ 200 billion in Chinese imports from 10% to 25%, causing global markets to tremble. Americans have become more conscious regarding keeping their play areas and workspaces sanitized, clean, and free from hazardous pathogens (such as allergens, bacteria, and viruses), which brings robust opportunities for the companies to launch new products in the market. For instance, In 2021, Sirena Inc. launched a new residential vacuum cleaner, which emphasizes a combination of HEPA and water filtration for the most efficient way to clean an indoor environment.
Market Key players
Major players are Irobot Corporation, Samsung, Ecovacs, Panasonic Corporation, Maytronics, Hayward Industries, Inc., Electrolux, Black & Decker Inc., Bobsweep, Dyson.