global household vacuum cleaners market size, share, development, growth and demand forecast to 2020
TRANSCRIPT
GLOBAL INDUSTRY INSIGHT: Household Vacuum Cleaners Market Size, Share, Development, Growth
and Demand Forecast to 2020
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Global Household Vacuum Cleaners Market Size, Share,
Development, Growth and Demand Forecast to 2020
The household vacuum cleaners market is growing, due to the increasing concerns of consumers towards
hygiene, advent of advanced and efficient appliances, upsurge in consumer living standards, escalating income
levels, and the widespread trend of keeping multiple vacuum cleaners in a household. The advent of energy
efficient and eco-friendly vacuum cleaners is one of the major trends, in the household vacuum cleaners market.
The enhancement within the efficiency of the vacuum cleaners is expected to provide ample growth opportunities,
for the household vacuum cleaners market, in the coming years. The increasing awareness about advantages of
vacuum cleaners usage is also encouraging the low-income households, to purchase vacuum cleaners.
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Asia-Pacific leads the household vacuum cleaners market, and is expected to retain its dominance, during the
forecast period. The consumers in developed markets, such as North America are replacing their conventional
vacuum cleaners, with energy efficient and eco-friendly vacuum cleaners, which, in turn is supporting the growth
of the household vacuum cleaners market in the region. The Middle East and Latin America household vacuum
cleaners market is also expected to grow, at an exponential rate, in the coming years due to increasing per capita
income, in these regions.
The household vacuum cleaners utilize an air pump for creating limited amount of vacuum to extract dirt and dust
from draperies, upholstery, and floors. The vacuum pump contains a cyclone or dustbag, which has the capacity
to store significant amount of dust, collect it and dispose, after the cleaning process.
The household vacuum cleaners market can be categorized on the basis of product type, and region. On the
basis of product type, the household vacuum cleaners market can be categorized, as robotic vacuum cleaners,
canister vacuum cleaners, wet or dry vacuum cleaners, upright vacuum cleaners, drum vacuum cleaners,
handheld vacuum cleaners, stick vacuum cleaners, and central vacuum cleaners. The canister vacuum cleaner
market is growing at the fastest rate, among the type of vacuum cleaners due to better cleaning solution offered
by them. The canister vacuum cleaners are the costliest, as compared to other types of vacuum cleaners, such
as robotic vacuum cleaners and upright vacuum cleaners. In Europe and North America, robotic vacuum cleaners
are gaining popularity among the consumers, due to their low cost, as compared to the canister vacuum cleaners.
The demand of vacuum cleaners using high efficiency particulate air filtration technology is increasing at a fast
pace, in the developed markets. This is mostly due to the inability of the vacuum cleaners using standard filters to
trap fine particles, such as pollen and pet dander, and also the dust and dirt spread in the air. On the other hand,
vacuum cleaners using high efficiency particulate air filtration technology provide compact cleaning solutions, to
avoid allergens from infecting lungs. According to World Health Organization, more than 250 million people suffer
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Global Household Vacuum Cleaners Market Size, Share,
Development, Growth and Demand Forecast to 2020
from asthma, and their number is expected to increase, in the coming years. Increasing electricity prices are one
of the major restraints, for the household vacuum cleaners market.
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Some of the competitors in the household vacuum cleaners market are Dyson Ltd., Eureka Forbes Ltd., BISSELL
Homecare LLC, Oreck Corporation, Stanley Black & Decker Inc., LG Electronics Inc., Panasonic Corporation, AB
Electrolux, Koninklijke Philips N.V., Haier Group, iRobot Corporation, Techtronic Industries Co. Ltd.; while Miele &
Cie KG, and iRobot Corporation dominates the robotic vacuum cleaner market.
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