High power supply charges per unit are predicted to hinder the global household vacuum cleaners market growth as these equipments utilize significant proportion of power for its functions. Countries with relatively low average disposable incomes (or low per capita incomes) are cost sensitive and hence high energy consumption by these items can discourage consumers to purchase these items. All these factors can also hinder the industry growth.
Global Household Vacuum Cleaners Market size was evaluated at more than $11.6 million for 2015 and is projected to record CAGR of about 4.7% during forecast timeline. Increasing disposable income along with acceptance of modern lifestyle is predicted to encourage consumers for expending more on utilities and this will result in more demand for product. Further, rise in customer consciousness about benefits derived by using these items coupled with growing living standards can propel industry expansion.Furthermore, swift technological innovations in the global industry are expected to provide efficient & durable items at reasonable costs. This aspect is predicted to boost global household vacuum cleaners industry trends during forecast timeline.
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Global household vacuum cleaners market is segmented into robotic, upright, drum, canister, wet or dry and central. Products with tiny size and high suction ability as well as capacity to cleanse big surface area are projected to fuel upright segment growth. It is predicted to contribute greater than 25.1% to the total industry share by end of forecast timeline.
Canister segment is predicted to witness substantial expansion as the equipment is user friendly and can easily be handled. It is anticipated to evaluated at more than $4.6 billion till end of forecast timeline and register CAGR of 3.91% during forecast timeframe.
Global household vacuum cleaners market is segmented into geographical locations like Asia Pacific, Europe, North America, MEA and LATAM.
Asia Pacific household vacuum cleaners industry revenue was worth $3.8 billion for 2015 and expected to record CAGR of 5.3% during forecast timeline. Heavy demand from nations like China, India and Japan are predicted to contribute towards regional industry expansion.
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Key industry participants profiled in the global household vacuum cleaners market research report include Oreck Corporation, Bissell Incorporation, Haier Group, Electrolux Group, Miele, Dyson Limited, Stanley Black & Decker, Eureka Forbes Limited, TTI Floor Care, Royal Philips Electronics, LG Corporation, Panasonic Corporation, iRobot Corporation and Samsung.
Glimpse of Table of Content (ToC)
Chapter 3. Household Vacuum Cleaners Market Insights
3.1. Industry segmentation
3.2. Industry size, and forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distribution channel analysis
3.4. Price trend, by product
3.5. Technology & innovation landscape
3.5.1. Robotic vacuum cleaners
3.5.2. HEPA filtration
3.6. Regulatory landscape
3.7. Consumer preference insights
3.8. Industry impact forces
3.8.1. Growth drivers
18.104.22.168. Rapid urbanization
22.214.171.124. Product availability and aftersales service
126.96.36.199. Increasing demand for stick & robotic vacuum cleaners
3.8.2. Industry pitfalls & challenges
188.8.131.52. Battery issues
184.108.40.206. Power consumption
3.9. Growth potential analysis
3.9.1. Business models
3.10. Porter’s analysis
3.11. Company market share analysis, 2015
3.11.1. Strategy dashboard
3.11.2. Europe company market share analysis, 2015
220.127.116.11. Major trends and outlook
3.11.3. North America company market share analysis, 2015
18.104.22.168. Major trends and outlook
3.12. PESTEL analysis
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