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Allied Market Research

Cleaning Appliance Market Type (Vacuum Cleaners, Steam Carpet Cleaners, Upholstery Cleaners, Others) Application (Residential, Industrial, Commercials) Sales Channel (Departmental Stores, Specialty Stores , Online Retail , Others) : Global Opportunity Analysis and Industry Forecast, 2020-2027

A10182
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Jun 2021 | 271 Views
 
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COVID-19

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The global cleaning appliance market is projecting a notable growth, and is expected grow exponentially in the coming years. Cleaning appliances are the electronic and mechanical equipment that is used for the cleaning. Cleaning appliance includes a wide range of appliances that are used for cleaning floor, sofa, and other things. These appliances are more proficient, eco-friendly, and require low maintenance. They are designed in a way that reduces hassle of cleaning for staff management. Cleaning appliances are efficient and cost-effective products that save time and energy. With the help of cleaning appliances, cleaning of large areas is done in minimum time. With introduction of cleaning appliances, there is a boost in cleaning services. Cleaning appliances increase hygiene and safety of consumers. They are preferred by household and commercial sectors. The cleaning appliance market is fragmented on the basis of type, application, distribution channels, and region.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($US)

  Segments covered

  Type, Application, Sales Channel, and Region

  Regions covered

North America (U.S, Mexico, and Canada), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

  Companies covered

LG Electronics, Haier Group Corp, Miele & Cie. KG, Samsung Electronics Co. Ltd., Bissell Inc., Panasonic Corporation, iRobot Corporation, Koninklijke Philips N.V., Eureka Forbes Ltd., Dyson Ltd., and Stanley Black & Decker Inc.

 

COVID-19 Scenario Analysis: 

  • The global appliance market is severely hit by COVID-19.
  • Demand for appliances has decreased, however demand for cleaning and hygiene products have shown substantial growth.
  • Boost in the e-commerce industry has positively influenced demand for cleaning appliances.
  • Lockdown has affected sales as retail stores are closed and caused losses.
  • China being the largest exporter of electronics, has also affected the logistic network.
  • The restriction on trade, import, and export of appliances has gone down rapidly.
  • The lack of raw material and labor has affected the working of domestic manufactures.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Growth in features of cleaning appliances such as time- efficiency, convenience, and energy-saving are the factors that boost demand for cleaning appliances. Rise in spending power of consumers, rapid digitalization, and increase in interest in high-tech appliances are key factors that drive growth of global cleaning appliances. Increase in productivity, eco-friendliness, and less fatigue during work support growth of the global market. Furthermore, cleaning appliances help in maintaining the hygiene that also drives the demand. However, rise in competition and substitute products hamper growth of the global cleaning appliances market. Fluctuation in prices, owing to cost of production also affects the global market growth. Less availability of spare parts and maintains issues that hinder demand for the cleaning appliances.

With growth in technology, cleaning appliance manufacturing has upgraded features such as automation to increase its performance to provide after-sales services to attract customers. Increase in various industries and infrastructure, such as healthcare, malls, manufacturing, and other large sectors has increased demand for cleaning appliances. 

Key Segments Covered:

Segments

Subsegments

   Type

  • Vacuum Cleaners
  • Steam Carpet Cleaners
  • Upholstery Cleaners
  • Others

  Application

  • Residential
  • Industrial
  • Commercials

  Sales Channel

  • Departmental Stores
  • Specialty Stores
  • Online Retail
  • Others

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global cleaning appliance industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global cleaning appliance market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global cleaning appliance market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global cleaning appliance market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Cleaning appliance Market Research Report:

  • What are the leading market players active in the cleaning appliance market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What would be the detailed impact of COVID-19 on the market?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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