The global household vacuum cleaners market is
expected to reach USD 16.1 billion by 2022, according to a new report by Grand
View Research, Inc. Increasing government initiatives to spread awareness about
cleanliness and hygiene worldwide is expected to contribute to revenue growth.
Rising disposable income and increasing
preference for new technologies worldwide is anticipated to favor industry
growth over the forecast period. Price is estimated to be a critical factor in
buying decision. Rising competition owing to presence of large industry players
and less differentiated product is expected to benefit Industry leading to
price reduction.
Technology developments play an important
role in revenue growth. Products such as bagless and robotic vacuum cleanerss
have gained popularity across the globe. Use of smartphone-based services is
also gaining popularity due to rising smartphone penetration worldwide. For
instance, in September 2015, iRobot Corporation announced the introduction of
Roomba 980 that combines adaptive navigation with visual localization, and
cloud connected app control for easy operation.
Full Research Report On household vacuum
cleaners market Analysis: http://www.grandviewresearch.com/industry-analysis/household-vacuum-cleaners-market
Further key findings from the report suggest:
·
Household vacuum cleaners market is
segmented on the basis product into upright, canister, central, drum, wet/dry,
and robotic devices. Robotic cleanerss are expected to hold high potential over
the next seven years owing to innovative features including sweeping brushes,
acoustic sensors, mobile support, automated mapping capabilities and self
charging capabilities.
·
Canister vacuum cleanerss market is
estimated to be valued at over USD 4 billion by 2022. Drum products are
anticipated to grow at a CAGR of more than 4.0% over the forecast period. High
cost and large size may hinder growth of the central product segment over the
next seven years.
·
Asia Pacific vacuum cleaners market
accounted over 30% of the overall revenue share in 2014. Strict energy
regulations may hinder regional growth over the forecast period. EU banned the
sales of vacuum cleanerss with power capacity above 1600 watts and this
capacity restriction will reduce to 900 watts in September 2017.
·
Key industry players include Stanley Black
& Decker, Electrolux Group, Dyson Ltd., TTI Floor Care, Miele, LG
Corporation, and Eureka Forbes Ltd. Other prominent vendors include Royal
Philips Electronics, Oreck Corporation, Haier Group, iRobot Corporation,
Bissell Inc., Panasonic Corporation, and Samsung.
·
In July 2013, TTI Floor Care acquired Oreck
Corporation to enhance its product portfolio. The company offers these products
through four brands, Vax, Oreck, Dirt Devil, and Hoover. Dyson offers upright,
canister, cordless, and handheld products. In September 2015, iRobot
Corporation announced the launch of Roomba 980, which is equipped with high
tech sensors for navigation, visual localization technology, and app-based
support.
View
More Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/pharmaceuticals
Grand View Research has segmented the household vacuum cleaners market
on the basis of product and region:
Household Vacuum cleaners Product Outlook
(Revenue, USD Million, 2012 - 2022)
·
Upright
·
Canister
·
Central
·
Drum
·
Wet/dry
·
Robotic
·
Others
Household Vacuum cleaners Regional Outlook
(Revenue, USD Million, 2012 - 2022)
·
North America
·
Europe
·
Asia Pacific
·
RoW
View
Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-household-vacuum-cleaners-market
About
Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
