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.
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 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 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?
Vacuum Cleaner Market Report Highlights
By Product Type
By Distribution Channel
Key Market Players
Eureka Forbes Ltd., Samsung Electronics Co. Ltd., Miele & Cie. KG, Koninklijke Philips N.V., Dyson Ltd., Panasonic Corporation, Stanley Black & Decker Inc., LG Electronics, iRobot Corporation, Haier Group Corp, Bissell Inc.