- Opportunity and Forecast, 2016-2025
Household vacuum cleaner is a device in which an air pump creates a vacuum to suck up the dirt and dust from the floor or other surfaces. The dirt and dust is stored in a dust bag, which can be disposed later. Technological advancements have brought drastic changes in design, size, and functions of vacuum cleaners. Robotic and bag-less cleaners will be penetrated in the market in the future. Cleaners operating in association with smartphone are anticipated to gain prominence along with visual navigation technology installed in the devices. Smartphone apps that provide cleaning status, customer support, and tips for better cleaning are being developed.
Increase in disposable income, customer awareness regarding benefits of vacuum cleaners, and technological advancements drive the growth of the global household vacuum cleaners market. However, increase in energy consumption and high electricity prices per unit consumption are projected to hinder the industry growth. Adoption of smartphones and changes in lifestyle preferences are expected to create new avenues in the industry. The global household vacuum cleaners market is segmented into product and geography. Based on product, the market is segmented into upright, central, canister, wet/dry, drum, and robotic. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key manufacturers operating in the market are Dyson, Stanley Black & Decker, Electrolux Group, Oreck, TTI Floor Care, Miele, Haier Group, Eureka Forbes, iRobot, Royal Philips Electronics, Panasonic, LG, Bissell, and Samsung. These manufacturers have adopted new product launches, partnerships, expansion, mergers & acquisitions, joint ventures, collaborations, and other strategies to strengthen their position and gain competitive advantage in the global market.
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