Residential Vacuum Cleaner Market Growth, Trends, Size, Revenue, Challenges and Future Outlook
Residential Vacuum Cleaner Market Size- By Type, By Distribution Channels- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2023 | Report ID: FMCG2380 | Pages: 1 - 245 | Formats*: |
| Category : Consumer & Retail | |||
Residential Vacuum Cleaner Market Introduction and Overview
According to SPER Market Research, the Global Residential Vacuum Cleaner Market is estimated to reach USD 46.51 billion by 2033 with a CAGR of 7.83%.
The report includes an in-depth analysis of the Global Residential Vacuum Cleaner Market, including market size and trends, product mix, distribution channels, and supplier analysis. A residential vacuum cleaner is a household appliance designed for the purpose of cleaning various surfaces within a home, such as floors, carpets, rugs, upholstery, and curtains. It utilizes suction power to effectively remove dirt, dust, pet hair, and other debris from these surfaces. Residential vacuum cleaners come in various types, including upright, canister, stick, robotic, and handheld models, each offering different features and functionalities. They typically consist of a motorized unit equipped with a suction mechanism, a dust collection system (such as a bag or dustbin), and various attachments and accessories for versatile cleaning tasks.
- Changing Lifestyles and Consumer Preferences: Evolving consumer lifestyles, busy schedules, and a desire for convenience influence the demand for residential vacuum cleaners. Consumers seek time-saving and efficient cleaning solutions that fit their modern lifestyles.
- Technological Advancements: Technological innovations in residential vacuum cleaners, such as cordless operation, smart features, improved suction power, and advanced filtration systems, attract consumers looking for enhanced cleaning performance and convenience.
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Market Opportunities and Challenges
The residential vacuum cleaner market presents several promising opportunities for growth and expansion.Firstly, the increasing focus on health and hygiene, particularly in the wake of the COVID-19 pandemic, creates a favourable environment for the market. Consumers are increasingly conscious of maintaining clean living spaces, leading to a higher demand for efficient vacuum cleaners. The rising trend of smart homes and connected devices opens avenues for innovation.
There is an opportunity to cater to niche markets and specific consumer needs. This includes developing specialized vacuum cleaners for pet owners, allergy sufferers, or households with specific flooring types. Additionally, the growing awareness of sustainability and environmental concerns presents a chance to introduce energy-efficient and eco-friendly vacuum cleaners.
The residential vacuum cleaner market faces several challenges that impact its growth and development. Intense market competition poses a challenge for manufacturers to differentiate their products and stand out in a crowded marketplace. With numerous brands and models available, gaining consumer attention and loyalty requires effective marketing strategies and product innovation.
Economic factors such as fluctuations in disposable incomes and purchasing power can influence consumer spending on non-essential appliances like vacuum cleaners. Economic downturns or recessions can lead to decreased demand and slower market growth.
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Market Competitive Landscape
The competitive landscape of the residential vacuum cleaner market is characterized by intense competition among various players striving to gain market share. Key manufacturers in the market include established brands such as Dyson, Shark Ninja, iRobot, Miele, Electrolux, Bissell, and Hoover, among others. These companies compete based on factors such as product performance, innovation, brand reputation, pricing, and distribution networks. They invest heavily in research and development to introduce technologically advanced vacuum cleaners with features like cordless operation, smart connectivity, and improved suction power.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Distribution Channels. |
| Regions covered | Asia Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | Bissell Incorporation, Dyson Limited, Electrolux Group, Eureka Forbes Limited, Haier Group, iRobot Corporation, LG Corporation, Oreck Corporation, Panasonic Corporation. |
COVID-19 Impact on Global Residential Vacuum Cleaner Market
The COVID-19 pandemic has had a significant impact on the residential vacuum cleaner market. On one hand, the increased focus on hygiene and cleanliness as a result of the pandemic is in demand for residential vacuum cleaners. With more people spending time at home and prioritizing cleanliness, the need for cleaning solutions has grown. Consumers have become more conscious of maintaining clean living spacesto increased sales of vacuum cleaners.On the other hand, the pandemic has also brought about some challenges for the market. Economic uncertainties and financial constraints faced by individuals and households during the pandemic have affected purchasing power.
Key Target Audience
- Homeowners
- Apartment Dwellers
- Allergy and Asthma Sufferers
- Eco-Conscious Consumers
- Professional Cleaners
Our in-depth analysis of the Residential Vacuum Cleaner Market includes the following segments:
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| By Distribution Channels: |
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Key Topics Covered in the Report
- Global Residential Vacuum Cleaner Market Size (FY’2023-FY’2033)
- Overview of Global Residential Vacuum Cleaner Market
- Segmentation of Global Residential Vacuum Cleaner Market By Type (Upright, Canister, Central, Drum, Wet/Dry, Robotic)
- Segmentation of Global Residential Vacuum Cleaner Market By Distribution Channels (Supermarket/Hypermarkets, Speciality Stores, Online, Others)
- Statistical Snap of Global Residential Vacuum Cleaner Market
- Expansion Analysis of Global Residential Vacuum Cleaner Market
- Problems and Obstacles in Global Residential Vacuum Cleaner Market
- Competitive Landscape in the Global Residential Vacuum Cleaner Market
- Impact of COVID-19 and Demonetization on Global Residential Vacuum Cleaner Market
- Details on Current Investment in Global Residential Vacuum Cleaner Market
- Competitive Analysis of Global Residential Vacuum Cleaner Market
- Prominent Players in the Global Residential Vacuum Cleaner Market
- SWOT Analysis of Global Residential Vacuum Cleaner Market
- Global Residential Vacuum Cleaner Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Residential Vacuum Cleaner Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Residential Vacuum Cleaner Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Residential Vacuum Cleaner Market
7. Global Residential Vacuum Cleaner Market, By Type (USD Million)
7.1. Global Residential Vacuum Cleaner Market Value Share and Forecast, By Type, 2023-20337.2. Canister7.3. Central7.4. Drum7.5. Robotic7.6. Upright7.7. Wet/Dry
8. Global Residential Vacuum Cleaner Market, By Distribution Channels (USD Million)
8.1. Global Residential Vacuum Cleaner Market Value Share and Forecast, By Distribution Channels, 2023-20338.2. Supermarkets/Hypermarkets8.3. Speciality Stores8.4. Online8.5. Others
9. Global Residential Vacuum Cleaner Market Forecast, 2019-2033 (USD Million)
9.1. Global Residential Vacuum Cleaner Market Size and Market Share
10. Global Residential Vacuum Cleaner Market, By Type, 2019-2033 (USD Million)
10.1. Global Residential Vacuum Cleaner Market Size and Market Share By Type (2019-2026)10.2. Global Residential Vacuum Cleaner Market Size and Market Share By Type (2027-2033)
11. Global Residential Vacuum Cleaner Market, By Distribution Channels, 2019-2033 (USD Million)
11.1. Global Residential Vacuum Cleaner Market Size and Market Share By Distribution channels (2019-2026)11.2. Global Residential Vacuum Cleaner Market Size and Market Share By Distribution Channels (2027-2033)
12. Global Residential Vacuum Cleaner Market, By Region, 2019-2033 (USD Million)
12.1. Global Residential Vacuum Cleaner Market Size and Market Share By Region (2019-2026)12.2. Global Residential Vacuum Cleaner Market Size and Market Share By Region (2027-2033)12.3. Asia-Pacific
12.3.1. Australia12.3.2. China12.3.3. India12.3.4. Japan12.3.5. South Korea12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France12.4.2. Germany12.4.3. Italy12.4.4. Spain12.4.5. United Kingdom12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia12.5.2. United Arab Emirates12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada12.6.2. Mexico12.6.3. United States
12.7. Latin America
12.7.1. Argentina12.7.2. Brazil12.7.3. Rest of Latin America
13. Company Profile
13.1. Bissell Incorporation
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Dyson Limited
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Electrolux Group
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. Eureka Forbes Limited
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. Haier Group
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. iRobot Corporation
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. LG Corporation
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. Oreck corporation
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. Panasonic Corporation
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Residential Vacuum Cleaner Market is projected to reach USD 46.51 billion by 2033, growing at a CAGR of 7.83% during the forecast period.
Residential Vacuum Cleaner Market grew in market size from 2022. The Market is expected to reach USD 46.51 billion by 2033, at a CAGR of 7.83% during the forecast period.
Residential Vacuum Cleaner Market CAGR of 7.83% during the forecast period.
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Residential Vacuum Cleaner Market size is USD 46.51 billion from 2023 to 2033.
Residential Vacuum Cleaner Market Segment is covered By Type, By Distribution Channels.
The North America region is anticipated to have the highest market share in the Residential Vacuum Cleaner Market.
The key players in the market include Companies Covered Bissell Incorporation, Dyson Limited, Electrolux Group, Eureka Forbes Limited, Haier Group, iRobot Corporation, LG Corporation, Oreck Corporation, Panasonic Corporation.
Residential Vacuum Cleaner Market, including market size and trends, product mix, distribution channels, and supplier analysis. A residential vacuum cleaner is a household appliance designed for the purpose of cleaning various surfaces within a home, such as floors, carpets, rugs, upholstery, and curtains.
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