Vacuum cleaners are gaining traction owing to their ability to remove tough stains and deposits, operate continuously, and reduce manual labor. Various technologies such as robotic vacuum cleaners have gained significant momentum in the last few years. Changing lifestyles and rising tech-savviness are accelerating the adoption of robotic vacuum cleaners.
The vacuum cleaner market is considered to be in the maturity stage, owing to the widespread adoption of these devices by various end-users. Manufactures are primarily focusing on product advancements and modifications to gain a competitive edge. Companies are also decreasing product prices via online sales in order to attract more customers.
The global vacuum cleaners market is experiencing significant growth, owing to the increase in the women workforce, coupled with the change in customers’ standard of living. The working population is increasing around the globe and, therefore have time constraints. Vacuum cleaners are cost-effective, convenient, provide time efficiency, and are easily accessible, thereby attracting customers and augmenting the market growth.
The rising demand for energy-efficient and eco-friendly vacuum cleaners is creating various opportunities for market growth. Energy-efficient automated vacuum cleaners are highly preferred by the residential sector. Customers prefer energy-efficient and low maintenance products, and therefore, manufacturers are concentrating on such types of devices. In addition to this, the introduction of cleaning devices that are compatible with virtual assistants such as Google Home and Alexa is also envisaged to increase the demand for the vacuum cleaners during the forecast timeline. Rising incidents of allergy, asthma, and the increasing need to maintain clean and disease-free houses is also catalyzing market progression. In addition to this, to attract modern and advanced customers, manufacturers are focusing on intelligent residential vacuum cleaners, which exhibit properties such as AI-enabled workflow, customization, and integrated security features. These factors are projected to create lucrative opportunities for market growth in the near future. Furthermore, the increasing adoption of vacuum cleaners among various end-user industries, such as healthcare, manufacturing, retail, and others, in order to maintain hygiene and protection against hazardous dust, is also anticipated to propel the market growth.
The canisters segment dominates the market as these devices are highly flexible, and it is effective on the corners of the cleaning area. The upright model also holds a significant share in the market, owing to the different technology. These types of cleaners are preferred by users who require small size, lightweight, and portable cleaners. The robotic vacuum cleaner segment is growing at a faster rate as they are incorporated with advanced and modern features such as voice control, remote control and navigation technology. The advanced features help the user to refrain from supervision and save time, thereby increasing the demand for the segment. Robotic vacuum cleaners can be controlled remotely from anywhere by using a smartphone application.
High penetration of e-commerce among the users leads to online channels holding the lion’s share of the global vacuum cleaner market. The reviews of the customers significantly impact the buying decision of the customers. In addition to this, the utilization of smartphone and IoT are also increasing market demand. Moreover, manufacturers are also adopting a new method named as concept testing for the innovative practices in online space. This is based on feedback analysis and helps to gain a potential customer base.
The industrial segment is further divided into food and beverages, manufacturing, pharmaceuticals, construction, and others. On the other hand, the commercial segment is further classified into retail stores, hospitals, hospitality, shopping malls, and others.
The industrial segment is considered as the key shareholder of the market owing to the increased usage of vacuum cleaners in the offices, buildings, manufacturing industries, and many others. An increase in the number of buildings and office spaces is also affecting the market growth in a positive manner. Rising concerns regarding the health and hygiene among the end-user sectors are propelling the market growth. Clean and hygienic workplaces increases are estimated to increase the productivity and work efficiency of the employees. Dirty and unhygienic areas in office spaces can negatively impact the health of employees. Occupational Safety and Health Administration (OSHA), an agency associated with the U.S Department of Labour, has implemented various rules and regulations for clean and hygienic workplaces. Hence, many of the manufacturers are providing vacuum cleaners that meet the guidelines of the OSHA standards. The metal industry also contributes significantly to the market, as it is a key utilizer of rugged vacuum cleaners and requires the continuous removal of dust and debris produced during milling and grinding operations. During these processes, very small metal particles accumulate in the machines, which is needed to be cleaned regularly. Hence, the aforementioned factors are significantly contributing to market growth in the industrial sector.
Increasing industrial applications in Asia-Pacific are estimated to result in hold the lion’s share of the market owing to. The manufacturing sector in this region is expanding as the majority of the overseas manufacturers are setting up their plants in countries such as India and China. The manufacturing sector produces large amounts of dust particles and efficient vacuum cleaners are required to clean them. The surging internet retail trend of this region also contributes to market growth. Internet retailing helps the manufacturers to reduce the rental costs of physical stores and staff. Owing to the proliferation of online sales, it is expected that the unit price of vacuum cleaners will drop, further increasing the sales of the devices. In Japan, the increase in the number of women workforce has significantly contributed to the growth of vacuum cleaners. Increased demand for vacuum cleaners in Japan led Panasonic Corporation to launch robotic vacuum cleaners in 2015.
Key players in the market are investing significantly in research and development activities to manufacture portable lightweight and intelligent vacuum cleaners. For instance, iRobot Corporation invested USD 140 million in 2018 in research and development to manufacture advanced robotic vacuum cleaners.
Some of the key manufacturers of vacuum cleaners are Oreck Corporation, Haier Group Corporation, Bissell Inc., Dyson Limited, AB Electrolux, LG Electronics Inc., Samsung Electronics Co., Ltd, iRobot Corporation, and Koninklijke Philips N.V.
|Market Size||USD in Billion By 2030|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends|
|Segments Covered||by Type (Canister, Central, Robotic, Drum, Upright, Wet and Dry), Distribution Channel (Online, Offline), End-User|
|Geographies Covered||North America, Europe, Asia-Pacific, LAME and Rest of the World|
|Key Companies Profiled/Vendors||Oreck Corporation, Haier Group Corporation, Bissell Inc., Dyson Limited, AB Electrolux, LG Electronics Inc., Samsung Electronics Co., Ltd, iRobot Corporation, and Koninklijke Philips N.V.|
|Key Market Opportunities||Rapid Growth In Semiconductor & Electronics Industry Enhances Vacuum Cleaner Market|