The global Vacuum Cleaners market was valued at USD 11.16 Billion in 2020 and is projected to reach USD 22.20 Billion by 2028, growing at a CAGR of 8.98% from 2021 to 2028.
Overview and Description
A vacuum cleaner, also known simply as a vacuum or a hoover, is a device that causes suction in order to remove debris from floors, upholstery, draperies, and other surfaces. It is generally electrically driven. The debris is collected by either a dustbag or a cyclone for later disposal.
This report provides an analysis of the Vacuum Cleaners market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report includes exhaustive analysis of segments, regions and countries comprising of market size and estimations in terms of revenue for the years 2016–2028. There regional section of the report is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Moreover, the report also covers exhaustive information on growth factors/drivers, restraints, opportunities, regulatory landscape and technology roadmap among others. Moreover, the report also includes exhaustive SWOT analysis, PEST analysis, value chain analysis, and Porter’s five forces analysis on Vacuum Cleaners market. This data is likely to help the industry stakeholders and stimulate the decision-making process.
COVID-19 Impact Analysis
The COVID-19 outbreak has affected various industries worldwide. The Vacuum Cleaners market is no exception. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop swift spread of COVID-19. These actions led to severe impact on the global economy. Industrialist across the globe were forced to halt their production, leading to supply chain disruptions and impairing of various industries. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.
The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:
o Impact Assessment of COVID-19 Pandemic
o Pre & Post COVID-19 Market Size
o Qualitative analysis on the short term & long-term impact of COVID-19 on the market
o The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.
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The changing lifestyles of consumers due to high disposable incomes along with growing working population and ease of usage is anticipated to augment the growth of the vacuum cleaners market during the forecast period.
The increasing technological innovations with the emergence of robotic vacuum cleaners is further expected to support the growth of the market over the forecast period.
The high energy consumption by vacuum cleaners and low product durability is expected to hamper the growth of the vacuum cleaners market in the years to come.
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The report delivers an acute breakdown of the market based on various segments such as Product, Application, , and region. The report includes market size and forecast for each segment by region/country for the years 2016–2028. Moreover, it also covers a thorough analysis of growth factors and opportunities impacting segmental growth.
On the basis of Product, the market is divided into Canister Vacuum Cleaners, Upright Vacuum Cleaners, Robotic Vacuum Cleaners, Others (Hand-held, Tank Mounted, etc.),. Canister Vacuum Cleaners dominated the global Vacuum Cleaners market in 2020 and is projected to witness the same trend during the forecast period.
About the Authors:
Vantage Market Research is a firm dedicated to delivering high-quality data and market research. The firm offers quantitative, high-quality B2B research on over 20,000 emerging markets. The firm provides in-depth reports on a variety of industries, including chemical materials and energy, food and drinks, healthcare, technology, and so on. Every year, the organisation adds more than 1,100 market research papers to its huge database, which employs over 125 analysts and consultants. The company’s customer includes 70% of the Fortune 500 corporations in the world.
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