Vacuum Cleaner Market Size

The global household vacuum cleaners market size was valued at USD 11.2 billion in 2014. Improved living standards and concerns towards hygiene and cleanliness are anticipated to drive demand over the forecast period. Technological developments to minimize operational time and energy are expected to favor industry growth over the next seven years. Government initiatives for hygiene & cleanliness may benefit the household vacuum cleaners market. Rising trend for dual income families and limited time for domestic chores is also expected to favor industry demand. Increasing technically sound population, particularly in Asia Pacific, is anticipated to drive demand over the forecast period. The increase in competition owing to the presence of a large number of players with a low degree of product differentiation is expected to result in reducing prices; this has made these products affordable for the lower middle-class population. Rising energy consumption and price of electricity is expected to hinder household vacuum cleaners industry growth over the forecast period.

The inability of these devices to efficiently clean complex structure is also anticipated to restrain growth over the next seven years.
Metallic Purple Curtains Europe household vacuum cleaners market share by product, 2012 – 2022 (USD Million)
Gun Dogs For Sale Sc The industry can be segmented based on product into upright, canister, central, robotic, drum, and wet/dry vacuum cleaners.
Installing A Rv Ac UnitCentral products are easier to use and cause low noise. However, they take large storage space and require professional installation. Handheld products are small and used for quick cleaning; they have comparatively less power and capacity than other full-sized models, and can also be operated by a rechargeable battery. Robotic vacuum cleaners are more expensive than other available products.

These are automated and require least manual guidance; they have various innovative features to make cleaning a hassle-free process, including sweeping brushes, acoustic sensors, automated mapping, and self-charging capabilities. Limited time availability for residential cleaning activity is anticipated to drive demand over the forecast period. Robotic cleaners are also equipped with security features to alert people about fire or intrusion. The segment is expected to grow at a CAGR of 11.4% over the forecast period. Asia Pacific household vacuum cleaners market is anticipated to witness growth owing to increasing health awareness and rise in disposable income. Rising standard of living, particularly in China, Japan and India is anticipated to impact positively revenue growth. Further, Clean India Initiative of Indian government is also expected to contribute to regional industry demand. North America vacuum cleaners market is expected to grow at a significant rate owing to the popularity of bag-less and multi-surface products.

The region accounted for over 25% of the overall revenue share in 2014 and is expected to grow at a CAGR of 4.5% over the forecast period. Low consumer confidence and the depressed housing industry may pose a challenge to regional growth. Europe, household vacuum cleaners market, is anticipated to witness growth owing to decreasing lifetime of products and increasing new as well as replacement demand. Energy efficiency may play an important role owing to European Union concerns to curb energy consumption. Key vacuum cleaners manufacturers include Electrolux Group, Stanley Black & Decker, Dyson Ltd., Oreck Corporation, TTI Floor Care, Miele, Eureka Forbes Ltd, and Haier Group. Other prominent vendors include LG Corporation, iRobot Corporation, Panasonic Corporation, Bissell Inc., Royal Philips Electronics, and Samsung. In August 2014, Electrolux announced the launch of UltraOne Quattro, which is grade AAAA by EU energy labeling and eco-design regulations. In July 2013, TTI acquired Oreck Corporation to enhance its product portfolio.

The company offers its products through a number of a brand such as Hoover, Vax, Dirt Devil and Oreck. Eureka Forbes Ltd offers products through two brands Euroclean and Forbes. In September 2015, iRobot Corporation announced the launch of Roomba 980, which is equipped with features such as iAdapt 2.0 navigation technology, vSLAM technology for the creation of visual landmark in its map, AeroForce cleaning system, self-charging and app-based support.Vacuum cleaners are designed to absorb dust from floors and other surfaces, using suction created by an air pump in the unit. Besides the manually operated type, robotic or autonomous vacuum cleaners have also been designed to make the task easier. Vacuum cleaners are extensively used in the residential sector and demand for residential robotic vacuum cleaners is expected to increase substantially over the next five to six years. Residential robotic vacuum cleaners can be programmed to navigate around a specific space and then return to its respective docking station in order to recharge the unit’s batteries.

Components of robotic vacuum cleaners include programming software, power system, cleaning system and batteries. Besides floor cleaning capability, some units are able to absorb dust from the atmosphere, and even clean hard-to-reach corners. Robotic vacuum cleaners are also designed to perform tasks such as mopping and UV sterilization. Robotic vacuum cleaners offer ease of access, enhanced reliability and performance, and cost-effective cleaning solutions Rising awareness among consumers about a clean dust-free environment and the need for convenience is expected to fuel demand for residential robotic vacuum cleaners. Benefits such as removing allergens from the atmosphere, easier handling in terms of navigation and design support the demand for residential robotic vacuum cleaners across the globe. However, low customer awareness, product acceptance as compared to conventional vacuum cleaners in emerging countries and high price of product are among the key factors expected to hamper market growth.

In addition, battery issues could restrict adoption of robotic vacuum cleaners in the residential sector as consumers are becoming increasingly tech-savvy, with demand for effective products irrespective of price being a prime concern across the globe. Furthermore, development of sophisticated and advanced technology-equipped robotic vacuum cleaners is a major concern companies must consider while entering the market. To overcome price sensitivity, companies across the globe are innovating solutions such as touchscreen option, voice recognition control and automatic return to charging station, among others. These technological developments can be leveraged by companies entering the market in the near future, which is expected to enhance competition among existing players in the market. For instance, introduction of residential robotic vacuum cleaners equipped with home security functionality in South Korea is expected to drive large-scale adoption, due to which players are exploring options to enter the residential robotic vacuum cleaner market.

The residential robotic vacuum cleaner market is segmented on the basis of robot type, mode of charging and applications. Based on type of robot, the classification includes in-house robots and outdoor robots. Tasks such as sweeping, mopping and floor-washing inside the home are performed by in-house robots. Outdoor robots are used to perform tasks such as window-washing and automatic pool cleaning, among others. Residential robotic vacuum cleaners come with two modes of charging: manual and auto battery charging. On the basis of applications, the classification includes floor sweeping, removing hazardous particles from the air and dust filtering, among others. On the basis of geography, the market is segmented into North America, Latin America, Western Europe, Eastern Europe, Japan, the Middle East and Asia Pacific. IRobot Corp. has a wide product portfolio of robotic vacuum cleaners, which offer services such as room-to-room navigation, self-charging, edge-cleaning and self-adjusting cleaning head.

These devices are categorized on the basis of functionalities being performed for different cleaning patterns and modes. Recently, a new product – iRobot Bravaa – was launched, which is capable of providing assistance for cleaning hard surfaces effectively, as compared to other available products such as Roomba and Scooba. Apart from iRobot Corp., the prominent players in the residential robotic vacuum cleaner market include Electrolux, LG Electronics, Inc., Hanool Robotics, ECOVACS, Samsung Electronics Co. Ltd., Neato Robotics, Inc., Pentair Ltd., iRobot Corp., Metapo, Inc. and Mastsutek Enterprise Co. Ltd. This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, geographies, robot type, mode of charging and applications.