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.
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.
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.
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| Regions covered | Asia Pacific, Europe, Middle East and Africa, North America, Latin America
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| Companies Covered | Bissell Incorporation, Dyson Limited, Electrolux Group, Eureka Forbes Limited, Haier Group, iRobot Corporation, LG Corporation, Oreck Corporation, Panasonic Corporation.
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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 Type:
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Canister
Central
Drum
Robotic
Upright
Wet/Dry
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By Distribution Channels:
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Supermarkets/Hypermarkets
Speciality Stores
Online
Others
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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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. 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. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. 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. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Residential Vacuum Cleaner Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2023-2033
7.2. Canister
7.3. Central
7.4. Drum
7.5. Robotic
7.6. Upright
7.7. 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, 2023-2033
8.2. Supermarkets/Hypermarkets
8.3. Speciality Stores
8.4. Online
8.5. 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. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada
12.6.2. Mexico
12.6.3. United States
12.7. Latin America
12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America
13. Company Profile
13.1. Bissell Incorporation
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Dyson Limited
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Electrolux Group
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Eureka Forbes Limited
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Haier Group
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. iRobot Corporation
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. LG Corporation
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Oreck corporation
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Panasonic Corporation
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope