Portland, OR, June 27, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global household vacuum cleaners market generated $15,313.3 million in 2021 and is estimated to reach $29,133.8 million by 2031, witnessing a CAGR of 6.1% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2023-2032 |
| Base Year | 2022 |
| Market Size in 2022 | $19.8 Billion |
| Market Size in 2032 | $30.9 Billion |
| CAGR | 4.5% |
| No. of Pages in Report | 280 |
| Segments Covered | Fabric, End User, Distribution Channel, and Region |
| Drivers | Product innovation in swimwear |
| Growth in demand for luxury swimwear by women | |
| Growth in interest in swimming as a fitness and recreational activity | |
| Expansion in the product line and innovations in men’s swimwear | |
| Incorporation of neoprene fiber to develop fabrics | |
| | Introduction of multifunctional cover-up swimwear and beachwear |
| Restraints | Volatility in raw material prices |
COVID-19 Scenario:
- The outbreak of COVID-19 had a positive impact on the growth of the global household vacuum cleaners market. Due to the lockdown imposed by government initiatives, people were impelled to stay at their homes, so they actively spent over household appliances to get more comfort, and this led to replacing their old appliances with smart and advanced appliances.
- Thus, COVID-19 pandemic had positively affected the overall growth of the household vacuum cleaners market.
The report offers a detailed segmentation of the global household vacuum cleaners market based on product, type, sales type, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants determine the sub-segments to be tapped on to achieve growth in the coming years.
Based on product, the canister segment held the largest share in 2021, garnering nearly one-third of the global household vacuum cleaners market revenue and is projected to maintain its dominance by 2031. However, the robotic segment would showcase the fastest CAGR of 8.6% during the forecast period. The upright, central, drum, wet/dry and others segments are also analyzed through the report.
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Based on type, the cordless segment held the largest share in 2021, contributing to more than two-thirds of the global household vacuum cleaners market revenue, and is projected to maintain its leadership throughout the forecast period. On the other hand, the corded segment would cite the fastest CAGR of 6.9% from 2022 to 2031.
Based on sales type, the offline segment held the largest share in 2021, accounting for more than two-thirds of the global household vacuum cleaners market revenue, and is expected to lead the trail during the forecast period. However, the online segment is likely to achieve the fastest CAGR of 7.2% by 2031.
Based on region, the market in Asia-pacific was the largest in 2021, garnering more than one-third of the global household vacuum cleaners market revenue. Simultaneously the same region is expected to manifest the fastest CAGR of 7.4% throughout the forecast period. The other provinces studied in the report include North America, Europe and LAMEA.
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The key players of the global household vacuum cleaners market analyzed in the research include Dyson Ltd., LG Electronics, Inc., Miele & Cie. KG, Electrolux AB, Haier, Electronics Group Co., Ltd., iRobot Corporation, Koninklijke Philips N.V., Bissell, Inc., Panasonic Corporation, and Samsung Electronics Co., Ltd. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry.
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
