Household Vacuum Cleaners Market Expands with Improving Disposable Income of People Globally, States TMR Study

• The household vacuum cleaners market is expected to gain the valuation of more than US$ 27.6 Bn by 2031
• Rising inclination among people toward the use of effective household vacuum cleaners in order to maintain indoor hygiene is fueling the global market
• Presence of many emerging nations is driving the Asia Pacific household vacuum cleaners market

ALBANY, N.Y., April 20, 2022 /PRNewswire/ -- An assessment by Transparency Market Research (TMR) states that the global household vacuum cleaners market is estimated to register growth at a CAGR of 4.6% during the forecast period of 2021 to 2031.

Rise in awareness on the possibility of lung diseases due to continuous exposure to dusty sofas and fabrics has resulted in an increase in the sales of vacuum cleaners across the globe. This, in turn, is generating exceptional expansion opportunities in the global household vacuum cleaners market. Moreover, the demand for vacuum cleaners has increased during the COVID-19 pandemic, as many medical researches have suggested that the dusty surrounding can have negative impact on human health. Hence, the global household vacuum cleaners market is projected to be valued at over US$ 27.6 Bn by 2031.

Companies operating in the global household vacuum cleaners market are increasing R&Ds in order to develop eco-friendly and highly efficient products that can be operated in comparatively low power. Such efforts are estimated to help in creating business opportunities in the household vacuum cleaners market during the forecast period, according to the TMR study.

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Household Vacuum Cleaners Market: Key Findings

• Household vacuum cleaners are gaining traction, owing to their eco-friendly nature and ability to assist in improving efficiency. These devices help in avoiding dust allergies in patients suffering from asthma. Owing to these advantages, there has been a surge in the demand for such devices, which in turn, is propelling the global household vacuum cleaners market, notes the report by TMR.
• Surge in understanding on the importance of cleanliness among people from across the globe is resulting in increase in demand for household vacuum cleaners. Furthermore, technological advancements in household vacuum cleaning solutions are fueling sales in the market, according to analysts at TMR.

Household Vacuum Cleaners Market: Growth Boosters

• The global household vacuum cleaners market is estimated to gain lucrative opportunities during the forecast period, owing to factors such as increasing awareness about indoor health and growth in women working population
• Improving spending power of people across the globe is estimated to drive demand opportunities in the global household vacuum cleaners market

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Household Vacuum Cleaners Market: Regional Analysis

• The household vacuum cleaners market in Asia Pacific is projected to gain promising business opportunities during the forecast period, due to the presence of many emerging economies such as Japan, South Korea, and China wherein household vacuum cleaners are being increasingly adopted
• The Europe household vacuum cleaners market is expected to observe lucrative avenues, owing to factors such as rising demand for stick household vacuum cleaners due to growing inclination among regional population toward buying cordless and lightweight household vacuum cleaners

Household Vacuum Cleaners Market: Competition Landscape

• Players are focusing on increasing their production capabilities in canister vacuum cleaners, central vacuum cleaners, and upright vacuum cleaners in order to fulfil the rising demand for such products
• Several enterprises are strengthening their online distribution channels in order to capitalize on rising trend of online shopping amid COVID-19 pandemic

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Household Vacuum Cleaners Market: Key Players

Some of the key players profiled in the report are:

• Bissell Inc.
• AB Electrolux
• Haier Group Corp.
• Dyson Ltd
• Koninklijke Philips, N.V.
• iRobot Corporation
• Panasonic Corporation
• LG Electronics, Inc.
• Techtronic Industries
• Samsung Electronics Co., Ltd.

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Household Vacuum Cleaners Market Segmentation

Product         

• Handheld
• Canister
• Upright
• Stick
• Autonomous/Robot

Filter  

• With Bag
• Bagless

Type   

• Wired
• Wireless

Pricing

• Low
• Medium
• High

Distribution Channel           

• Online
• Company Owned Website
• E-commerce
• Offline
• Multi-Brand Store
• Flagship Stores

Region           

• North America
• U.S.
• Canada
• Rest of North America
• Europe
• Germany
• U.K.
• France
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
• Middle East & Africa
• GCC Countries
• South Africa
• Rest of Middle East & Africa
• South America
• Brazil
• Rest of South America

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