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2020

Wet Vacuum Cleaner Market

Wet Vacuum Cleaner Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type, Application and Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2019-2026

CG : Consumer Electronics

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Author's: Priya and Roshan Deshmukh | Roshan Deshmukh
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The global wet vacuum cleaner market size was valued at $1.0 billion in 2018, and is projected to reach $1.4 billion by 2026, registering a CAGR of 4.1% from 2019 to 2026.Wet vacuum cleaners are cleaning devices used to collect liquid spills as well as dust. These are far more flexible & versatile than the regular vacuum cleaners. These have two different compartments that are suitable for collecting both dry dust and wet spills with ease. There are two types of products available in the wet vacuum cleaner market that include cordless and wired wet vacuum cleaners through various distribution channels. The wet vacuum cleaners were primarily used to clean commercial premises. However,new & compact models in various sizes have been introduced by the manufacturers for domestic use. In addition to this, IoT (Internet of Things) infused wet vacuum cleanersare being developed by manufacturers to make it more useful as well as convenient for cleaning purposes. Thus, this has fueled wet vacuum cleaner market growth in terms of value sales.

Wet-Vacuum-Cleaner-Market-2019-2026

 

According to wet vacuum cleaner market analysis, the market is segmented on the basis of product type, application, distribution channel, and region. On the basis of product type, the market is classified into cordless and wired. By application, it is bifurcated into household and commercial. Depending on distribution channel, wet vacuum cleaner marketis divided into supermarket/hypermarket, specialty store, E-commerce and others. Region wise, wet vacuum cleaner market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (India, Japan, China, New Zealand, Australia and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa).

Wet Vacuum Cleaner Market
By Product Type
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Wired segment dominates the global market and is expected to retain its dominance throughout the forecast period.

 
 

On the basis of product type, the wired segment accounted for the maximum share in the global wet vacuum cleaner marketin 2018. This wasattributed to better functionality of wired wet vacuum cleaner owing toits higher suction power and longer run time after it is plugged into the mains unit. Thereby, wired vacuum cleaners have a higher capacity of collecting dust as compared to the cordless wet vacuum cleaners. Moreover, the wired wet vacuum cleaner has a much bigger storage space for collecting dust and liquid spills. Thus, it can vacuum for a longer period without theneed of emptying it frequently.

Wet Vacuum Cleaner Market
By Application
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Household segment is expected to grow at a highest CAGR of 4.9% during the forecast period.

 

On the basis of application, the commercial segment accounted for more than half share in the market in 2018 and is expected to retain its dominance throughout the wet vacuum cleaner market forecast period. This is mainly attributed to rising concerns regarding developing and maintaining hygiene and clean surrounding in the commercial sector as it leads to increased health benefits for their employees. Moreover, a clean workplace boosts the efficiency of the employees. This in turn is increasingly encouraging the commercial sector to use cleaning devices such as wet vacuum cleaner, for keeping their premises clean and hygienic.

Wet Vacuum Cleaner Market
By Distribution Channel
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E-Commerce segment is expected to grow at a highest CAGR of 6.6% during the forecast period.

 

On the basis of distribution channel, specialty store was the prominent market in 2018 and accounted for the maximum share in the global wet vacuum cleaner market. Specialty stores provide high service quality with detailed product specification and offer expert guidance to the customers. Moreover, these stores promote the sales of international as well as private label brands in their stores. Voucher and coupon campaigns are trending now for building a brand and attracting more customers and increasing sales value. In addition, saving money is the topmost priority of the customers and thus, they prefer purchasing things on which they can get vouchers, discounts, or coupons. Thus, this fact is expected to offer numerous opportunities for the manufacturers to boost wet vacuum cleaners market through these stores.

Wet Vacuum Cleaner Market
By Region
2026
North America 
Europe
Asia Pacific
LAMEA

North America dominates the market and is expected to grow with a CAGR of 3.4% during the forecast period

 

The players in the global wet vacuum cleaner market have adopted new product launch as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in the wet vacuum cleaner industry includes Alfred Kärcher SE & Co. KG, Tennant Company, Nilfisk Group, Koninklijke Philips N.V., AB Electrolux, Tineco Intelligent Technology, Delfins, Bissell Group, Hako Group, and Shop Vacs.

Key Benefits For Stakeholders

  • The report provides a quantitative analysis of the current wet vacuum cleaner market trends, estimations, and dynamics of the market size from 2018 to 2026 to identify the prevailing opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis and the market size and segmentation assists in determining the prevailing wet vacuum cleaner market opportunities.
  • The major countries in each region are mapped according to their wet vacuum cleaner marketshare. 
  • A comprehensive analysis of the factors that drive and restrict the growth of the wet vacuum cleaner market is provided.
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the wet vacuum cleaner industry.

Key Market Segments

  • By Product Type
    • Wired 

    • Cordless

  • By Application
    • Commercial sector

    • Household sector

  • By Distribution Channel
    • Hypermarket/Supermarket

    • Specialty stores

    • E-commerce

    • Others

  • By Region
  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific

    • India

    • Japan

    • China

    • New Zealand

    • Australia

    • Rest of Asia-Pacific

  • LAMEA

    • Latin America

    • Middle East

    • Africa

Wet Vacuum Cleaner Market Report Highlights

Aspects Details
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By Product Type
  • Cordless
  • Wired
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By Application
  • HOUSEHOLD
  • COMMERCIAL
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By Distribution Channel
  • SUPERMARKETS/HYPERMARKETS
  • SPECIALTY STORE
  • E-COMMERCE
  • OTHERS
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By Region
  • NORTH AMERICA  (US, CANADA, MEXICO)
  • EUROPE  (UK, GERMANY, France, ITALY, SPAIN, REST OF EUROPE)
  • ASIA-PACIFIC  (CHINA, JAPAN, India, New Zealand, Australia, Rest of Asia-Pacific)
  • LAMEA  (LATIN AMERICA, MIDDLE EAST, AFRICA)
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Key Market Players

HAKO GmbH, ALFRED KÄRCHER SE & CO. KG, HILTI CORPORATION, BISSELL, INC., SHOP-VAC CORPORATION, DELFIN INDUSTRIAL VACUUMS, NILFISK, TENNANT COMPANY, KONINKLIJKE PHILIPS N.V., AB ELECTROLUX

Analyst Review

The Key players operating in the global wet vacuum cleaner market have adopted developmental strategies such as new product launch to strengthen their foothold in the market, in terms of value sales. They emphasize on continuous innovation in formulating new products to gain a competitive edge in the global market and to boost the demand for wet vacuum cleaner. According to the key market players, changes in lifestyle and rise in consumer awareness regarding the negative health effects associated with unhygienic premises are encouraging end users to seek for cleaning device such as wet vacuum cleaners. Therefore, the market players are investing in R&D activities and making continuous effort in launching new & innovative wet vacuum cleaners that can perform multiple tasks, are user friendly, and saves time. Thereby, assisting household as well as commercial sectors in keeping their premises clean without investing much time on it. 

According to some of the key wet vacuum cleaners manufacturing companies, rise in trend of adopting IoT infused devices among the customers is expected to fuel the demand for robotics wet vacuum cleaner. This is attributable to the busy lifestyle and time constraints of the consumers and the emphasis of commercial sector to keep their premises clean that leads to increased health benefits to the employees; thus, this factor is anticipated to offer lucrative opportunities for the growth of the wet vacuum cleaner market in terms of value sales during the forecast period. Moreover, key market players in this market adopt new product launches by using new technologies such as IoT and continuous innovation, in their products to give their customers a better experience as well as to increase their revenue & footprint. Thus, this in turn is expected to drive the market in terms of value sales.

However, high retail price of wet vacuum cleaner and rise in counterfeit products in the market is projected to hamper the growth of the wet vacuum cleaner market during the forecast period.
 

Author Name(s) : Priya and Roshan Deshmukh | Roshan Deshmukh
Frequently Asked Questions?

The global wet vacuum cleaner market was valued at $1.0 billion in 2018.

The global wet vacuum cleaner market is projected to reach $1.4 billion by 2026.

You can get a sample report on (link)

The forecast period of wet vacuum cleaner market is from 2019 to 2026

The global wet vacuum cleaner market is segmented into product type, application, distribution channel, and region. On the basis of product type, the market is classified into cordless and wired. By application, it is bifurcated into household and commercial. Depending on distribution channel, it is divided into supermarket/hypermarket, specialty store, E-commerce and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the wet vacuum cleaner industry are Alfred Kärcher SE & Co. KG, Tennant Company, Nilfisk Group, Koninklijke Philips N.V. , AB Electrolux, Tineco Intelligent Technology, Delfins, Bissell Group, Hako Group, and Shop Vacs.

The Key players operating in the global wet vacuum cleaner market have adopted developmental strategies such as new product launch to strengthen their foothold in the market, in terms of value sales. They emphasize on continuous innovation in formulating new products to gain a competitive edge in the global market and to boost the demand for wet vacuum cleaner.

Asia-Pacific and LAMEA countries will provide lucrative growth opportunities for Wet Vacuum Cleaner products in coming years.

Asia-Pacific is estimated to reach $232.6 million by 2026, at a significant CAGR of 5.9%. Asia-Pacific and LAMEA are expected to witness considerable CAGRs of 5.9% and 5.3%, respectively, during the forecast period.

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Wet Vacuum Cleaner Market

Global Opportunity Analysis and Industry Forecast, 2019-2026