Household Vacuum Cleaners Market Dynamics, Growth Prospect and Consumption Analysis till 2022

Posted on 2021-10-06 by researchinsights in Electronics // 0 Comments

San Jose, California , USA, Oct 06, 2021 — /EPR Network/ —

The Household Vacuum Cleaners Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.

Market Insights

The Household Vacuum Cleaners Market size is expected to value at USD 16.1 billion by 2022. The market is subject to witness a substantial growth due to the recent developments, innovations, and increasing adoption in domestic cleaning services. Additional factors responsible for robust growth in the household vacuum cleaners market is attributed to the growing demand for better hygiene in residential applications and increasing need for cost-effective cleaning services. Introduction of automated and programmable vacuum cleaners has led to development of work-efficient services, thereby propelling market growth, in the recent years.

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Household vacuum cleaners enable no manual intervention to provide efficient cleaning for residential. Globally, the household vacuum cleaners industry is predicted to grow at high CAGR over the forecast period, providing numerous opportunities for market players to invest in research and development of the household vacuum cleaners. In addition, rising focus on lowering time consuming by automatic devices for various household activities are expected to drive the market growth of household vacuum cleaners in the upcoming years. Rise in reimbursement of domestic workers is anticipated foster industry growth over the forecast period.

The recent technological advancements and development of the novel products & technologies such as touch control and voice recognition systems in order to enhance user experience is also expected to fuel revenue growth in the upcoming years. Moreover, shifting trends towards adoption of automated and intelligent vacuum cleaners is positively impacting market growth, in the last few years.

Other factors such as cost effectiveness and time saving capabilities of are predicted to drive the growth of household vacuum cleaners market over the forecast period. The household vacuum cleaners have capability to work on the highly tight corners. The household vacuum cleaners are used in the applications involving mopping and sterilization applications. Development of devices consisting of highly advanced integrated security feature, are driving market growth over the specified period.

Household Vacuum cleaners Product Outlook (Revenue, USD Million, 2012 – 2022)

Upright
Canister
Central
Drum
Wet/dry
Robotic
Others

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Top Players Analysis covered in these report

Electrolux Group
Stanley Black & Decker
iRobot
Eureka Forbes
Samsung and many others

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