Global Wet Vacuum Cleaner Market to Grow at a CAGR of 4.9% during 2023 –2031

Introduction

A "wet vacuum cleaner" cleaning tool is designed to collect dry dust and liquid spills. Wet vacuum cleaners were typically used for heavy-duty tasks, mostly in the commercial sector. Manufacturers have produced modern, small wet vacuum cleaner models in a variety of sizes for domestic use. Due to technological advancements and the rising demand for practical and time-saving cleaning tools, the structure and design of the wet vacuum cleaner have undergone significant changes. Customers can easily access them through various distribution channels, including supermarkets, specialty stores, online retailers, hypermarkets, and supermarkets.

Market Dynamics

Superior Performance Compared to a Regular Vacuum Cleaner Drives the Global Market

Wet vacuum cleaners are much more versatile and adaptable than regular vacuum cleaners. Contrary to conventional vacuum cleaners, wet vacuum cleaners have two separate compartments that can be used to gather both wet spills and dry dust. In addition, they include a waterproof spill collector. They are also designed to be used inside as well as on lawns. These wet vacuum cleaners can also be used as a mop and broom and are quicker at clearing away dust and debris with less effort. They consequently enjoy rising popularity among end-users. As a result, wet vacuum cleaner sales are increasing.

Expanding Online Platform Quickly Creates Tremendous Opportunities

E-commerce also called online retail, is a sizable economic sector booming globally. Customers of all ages enjoy shopping at various e-stores, including members of Generation X, millennials, and Generation Z. Customers can find anything in online stores more easily than in physical stores thanks to the rise in retailers focusing on e-commerce, making online shopping more practical than going to a physical store. As a result, it is anticipated that wet vacuum cleaner manufacturers will have great opportunities to advertise their products online, helping increase consumer awareness of the wet vacuum cleaner, providing product information, and making these wet vacuum cleaners easily accessible to users abroad. Therefore, the market for wet vacuum cleaners is expected to grow in value sales during the forecast period.

Regional Analysis

North America is the most significant global wet vacuum cleaner market shareholder and is anticipated to grow at a CAGR of 3.3% during the forecast period. Research is being done on the wet vacuum cleaner market in the United States, Canada, and Mexico. The wet vacuum cleaner market is best established in North America due to a rise in consumers who are more concerned with preserving hygiene, health, and safety at home and work. In addition, the demand for small and large household appliances is higher than average in this region compared to other regions because of consumers' busy lifestyles. Customers are therefore seeking high-tech products that are easier to use, quicker, and more convenient. Additionally, middle-class American homes frequently use wet vacuum cleaners. In Canada, upright vacuum cleaners are present in about 80% of houses. For instance, BISSELL, one of Canada's top floor care companies, offers a wide range of products and an extensive distribution system.

Europe is anticipated to exhibit a CAGR of 3.6% over the forecast period. Due to innovation and the economic recovery in this region, the market for wet vacuum cleaners is growing. Top countries with a high robot density include Germany, Finland, Italy, and Sweden. The adoption of household vacuum cleaners is significant in Europe. The manufacturers of a wet battery-powered vacuum cleaner with IOT features were motivated by the September 2014 implementation of the new European Directive on the energy efficiency of vacuum cleaners. Additionally, middle-class to affluent homes, eateries, and workplaces are using robotic wet vacuum cleaners more frequently in the European region. The market for wet vacuum cleaners in the commercial sector gradually grew as industrialization and construction activities increased in this region. The presence of market participants like Dirt Devil & Vax and Royal Appliance International GmbH, who offer innovative wet vacuum cleaners with attractive designs, is also assisting in fueling this market's expansion.

Key Highlights

• The global wet vacuum cleaner market was valued at USD 1,177.9 million in 2022. It is estimated to reach USD 1,806.5 million by 2031, growing at a CAGR of 4.9% during the forecast period (2023–2031).
• Based on product type, the global wet vacuum cleaner market is bifurcated into cordless and wired. The wired segment is the largest contributor to the market and is expected to exhibit a CAGR of 3.5% over the forecast period.
• Based on application, the global wet vacuum cleaner market is bifurcated into household and commercial. The commercial segment owns the highest market share and is anticipated to exhibit a CAGR of 3.6% over the forecast period.
• Based on the distribution channel, the global wet vacuum cleaner market is bifurcated into specialty stores, supermarkets/hypermarkets, others, and e-commerce. The specialty store segment is the largest contributor to the market and is expected to exhibit a CAGR of 3.5% over the forecast period.
• North America is the most significant global wet vacuum cleaner market shareholder and is anticipated to grow at a CAGR of 3.3% during the forecast period.

Competitive Players

1. Ab Electrolux
2. Alfred Kärcher Se & Co. Kg
3. Bissell Inc
4. Delfin Industrial Vacuums
5. Hako Gmbh
6. Hilti Corporation
7. Koninklijke Philips N.V
8. Nilfisk
9. Shop-Vac Corporation
10. Tennant Company

Recent Developments

Recent Developments

• May 2024 - A new wet/dry vacuum, the Dyson WashG1, was released by Dyson. Thanks to its dedication to quality and cutting-edge innovation, Dyson has become an industry leader in Hoover cleaners. Dyson has become the go-to brand for people looking for powerful and dependable Hoover cleaners thanks to its history of innovative cleaning technologies.
• January 2024 - Dreame Technology, a well-known home appliance manufacturer that is a part of Xiaomi's ecological chain, introduced the H12 Core, a revolutionary wet and dry Hoover cleaner, in India. The typical wet and dry vacuum cleaners on the market are not the same as the H12 Core. The organization, which is part of a massive technology company, has used technology to simplify tasks.

Segmentation

1. By Product Type
   1. Cordless
   2. Wired
2. By Type
   1. Cylinder
   2. Handheld
   3. Upright
   4. Stick
   5. Robotic
   6. Backpack
   7. Others
3. By Weight
   1. < 10 kg
   2. 10-20 kg
   3. > 20 kg
4. By Technology
   1. Automatic 
   2. Semi-Automatic
5. By Application
   1. Residential
   2. Commercial
6. By Distribution Channel
   1. Online
   2. Offline