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Vacuum Cleaner Market Product Type (Canister, Central, Drum, Robotic, Upright, Wet & Dry, Others) Distribution Channel (Offline Stores, Online Stores) End-Use (Industrial, Commercial, Households) : Global Opportunity Analysis and Industry Forecast, 2020-2027

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Oct 2020 | 355 Views
 
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A vacuum cleaner is an electronic device that is used to remove dust or debris from floors, upholstery, draperies, and other surfaces. Vacuum cleaner collects the dust in an attached dust bag for later disposal. Low-pressured air goes inside the vacuum cleaner that helps the vacuum cleaner to suck the dust and dirt. This dust and dirt then gets trapped in a bag, filter, or canister inside the vacuum cleaner. The vacuum cleaners have many benefits like, it is a time-saving method of cleaning and dusting, it is energy-saving, easy to use, removes allergens & pet hair, and is a low-cost product. Technological advancements have now enabled vacuum cleaners to clean autonomously. It is a very beneficial device for people who are allergic to dust or are asthmatic. Vacuum cleaners have many other features as well. These include fast cleaning, lightweight, and noise cancellation. Rise in demand and continuous innovation in the vacuum cleaners is expected to boost the growth of the global vacuum cleaner market during the forecast years.

 

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 ($U.S.)

  Segments covered

Product Type, Application, Distribution Channel, End Use, and Region

  Regions covered

North America (U.S. 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 electronic market including consumers and industrial electronic devices is expected to be badly affected due to COVID-19 pandemic.

  • China is the major supplier of raw material and the finished product for the electronic market. 

  • The supply chain has been disrupted, as many countries have stopped import from China.

  • The industry is facing a reduction in production and price fluctuations. 

  • The scarcity of raw material is posing a real challenge for the electronic goods industry globally. 

  • Along with this, sales of the industry is expected to get affected in the future as well. 

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

The growing awareness about the advantages of vacuum cleaners such as time-efficiency, energy-saving cleaning, and convenience promotes the demand for vacuum cleaners. Along with this rapid urbanization, increase in disposable income, improved standard of living, rise in population of working women, and surge in dependence on technology boost the demand for vacuum cleaners. 

The availability of cheaper vacuum cleaners with similar functionality hampers the growth of the vacuum cleaner market. Along with this, poor after-sales service and lesser availability of spare parts also disturbs the global market growth for vacuum cleaners. As the cost of production is high, the final price for the product also tends to rise, refraining the customers from buying the product. 

However, the adoption of vacuum cleaner is growing in various industries like manufacturing, healthcare, and retail, which can propel the market growth for the vacuum cleaners. Along with this, continuous innovation in the product and advent of eco-friendly and hands free, automatic vacuum cleaners can propagate the growth of the global vacuum cleaner market.
The global vacuum cleaner market trends are as follow:

Rise in Popularity of Robotic Vacuum Cleaners

There is a change in the lifestyle of consumers, and they are becoming more tech-savvy. In addition to this, the advent of robotic vacuum cleaners boosts the growth of the vacuum cleaner market globally. Also, the rise in popularity of smart houses has inclined customers toward smart appliances like robotic vacuum cleaners. The busy schedule of the people nowadays has forced them to look for convenient methods for cleaning and mopping tasks. Robotic automated vacuum cleaners solve this purpose and hence, have become so popular. To avoid obstacles in its path, robotic vacuum cleaners are backed with infrared sensors, which gives them a logical path to follow. They are wireless and are programmed in such a manner that when their battery gets low, they automatically return to the power source.

Key Segments Covered:

                 Segments

                                Sub-segments

  Product Type

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

  Application

  • Industrial
  • Residential
  • Commercial

  Distribution Channel

  • Offline Stores
  • Online Stores

  End-Use

  • Industrial
  • Manufacturing
  • Food & Beverages
  • Pharmaceuticals
  • Construction
  • Others
  • Commercial
    • Hospital
    • Retail Stores
    • Hospitality
    • Shopping Malls
    • Others
  • Households

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global vacuum cleaner 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 vacuum cleaner market share.

  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global vacuum cleaner market growth scenario.

  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 

  • The report provides a detailed global vacuum cleaner market analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions Answered in the Vacuum cleaner Market Research Report:

  • What are the leading market players active in the vacuum cleaner 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?

 
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