Bagless Vacuum Cleaner Market Displays Higher Growth Inclinations during 2018-2028

Posted on 2019-04-17 by Mark Hub in Retail // 0 Comments

Fact.MR

Fact.MR portrays an in-depth and extensive analysis of the bagless vacuum cleaner market in a recently published research report. This report presents impact analysis of various forecast factors expected to impact the revenue growth of the bagless vacuum cleaner market over the period of assessment, 2018 – 2028. This study is an extensive take on the performance of the bagless vacuum cleaner market and reflects detailed acumen on the drivers fuelling the sales of bagless vacuum cleaners.

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Busy lifestyle of people has led to the development of quick methods, such as bagless vacuum cleaners, for cleaning household as traditional cleaning not only takes time but also involves physical strain. With their cleaning applications across residential as well as commercial spaces, bagless vacuum cleaners are expected to witness significant surge in demand worldwide. In addition, stringent regulations laid by regulatory bodies, such as OSHA (Occupational Safety and Health Administration) and NFPA (National Fire Protection Association) regarding healthy atmosphere in indoors including home, commercial buildings and public entertainment spaces have led to significant adoption of advanced cleaning systems, consequently providing growth prospects for bagless vacuum cleaners market.

That said, increasing household size and commercial spaces benefitted by introduction of new technologies in the bagless vacuum cleaner space is anticipated to auger well for the bagless vacuum cleaner market during the period of forecast.

A new study by FactMR has revealed the growth prospects and provided an opportunistic scenario for bagless vacuum cleaner market. The report forecasts that the bagless vacuum cleaner market is projected to rise at a steady CAGR of 4.7% throughout the period of assessment, 2018-2028. In addition, it reveals that the demand for bagless vacuum cleaners in emerging economies of Asia Pacific excluding Japan (APEJ) region is anticipated to spur at a significant rate, making APEJ a highly attractive market for bagless vacuum cleaners with their sales concentrated in the APEJ revenue pockets such as China and India.

Bagless Vacuum Cleaner Market: Robotic Bagless Vacuum Cleaners to Foster Growth

In the era of automation, another autonomous product is no big deal as bagless vacuum cleaners go robotic. New age technological advancements have led manufacturers of bagless vacuum cleaners to develop advanced versions of their products that can carry out operations without human intervention, making tasks more convenient and simpler for users of bagless vacuum cleaners. Robotic bagless vacuum cleaners are expected to witness a meteoric demand, which has pushed their market to new heights, as a consequence supporting the growth of the bagless vacuum cleaners market. Robotic bagless vacuum cleaners come with unique characteristic features that distinguish them from traditional bagless vacuum cleaners. For instance, the multi-floor mop robotic cleaner is developed to carry out cleaning and mopping – a simultaneously performed dual operation by this robotic bagless vacuum cleaner.

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Bagless Vacuum Cleaner Market: Canisters Have a Clear Advantage, Upright Bagless Vacuum Cleaners Witness Slack

Bagless vacuum cleaner market has witnessed a shift from traditional upright bagless vacuum cleaners to their canister counterparts. In the past, upright bagless vacuum cleaners dominated the bagless vacuum cleaner market as they were the most preferred choice for cleaning mattresses and carpets. However, manufacturers, understanding the cons of upright bagless vacuum cleaners such as increased noise and heavy design that compromises efficiency, have developed canister bagless vacuum cleaners that are more powerful than their upright equivalents, with a lighter design hence easy to maneuver, more silent and come with variety of tools such as crevice nozzle, mechanized brush and upholstery brush to enhance their cleaning efficiency, particularly for thick carpets and rugs. This has impacted the market for upright bagless vacuum cleaners by inducing a slack in their demand. However, with growing sales of canister bagless vacuum cleaners, this slack can be offset, with little negative influence on the growth of the overall bagless vacuum cleaner market.

Bagless Vacuum Cleaner Market: High Initial Cost Confining Sales

With technological advancement favoring convenience and efficiency, comes the pricing aspect that can have an impeding effect on the product’s sales as customer’s purchasing power influences reluctance. Albeit several steps ahead of traditional counterparts, bagless vacuum cleaners come at high initial price. This is expected to inhibit the growth of the bagless vacuum cleaner market by confining sales of the product to a limited class of users. By far, high pricing remains a key growth deterrent for the bagless vacuum cleaners market worldwide.

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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