Vacuum Cleaner Market to cross a valuation of US r
Vacuum Cleaner Market to cross a valuation of US$ 7019.60 mn by 2027
The Market Statsville Group (MSG) publishes the new report on the "Vacuum Cleaner Market by Product Type Outlook (Central Vacuum and Garage Vacuum), by Length Outlook (0-30 ft, 30-50 ft and 50+ft), by Capacity Outlook (0-1 Gallon, 1 - 2 Gallon, 2 - 5 Gallon and 5+ Gallon), by Function Outlook (With Blower and Without Blower), by Distribution Channel (Online, Independent Retailers, Dependent Retailers) and Offline (Supermarket & Hypermarket, Standalone Stores, Resellers, Independent Retailers and Others)), by End User (Residential, Commercial, Corporate Offices, Educational Sites and Industrial), and by Region - Global Trends, Market Share, and Forecast to 2027".
The global vacuum cleaner market was valued at USD 5,399.4 million in 2020 to USD 7019.60 million by 2027, at a CAGR of 3.82% from 2021 to 2027. The global Vacuum Cleaner Market refers to its usage mainly in the residential platform. The product may have minor specification-wise changes, but as a whole, there are very few chances of another system that can be introduced and may act as a substitute. It takes substantial time to test the alternate mechanism or system. The awareness and adoption of Vacuum Cleaner for residential units are driving this market. Multiple players are operating in this market. As the end user has multiple options to purchase, the pricing fluctuations and warranty offers are pushing buyer's bargaining power to the limit.
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Global Vacuum Cleaner Market Segmentation
The overall vacuum cleaner market has been segmented into the product, length, capacity, function, distribution channel, end user, and region.
By Product Type Outlook (Volume, Thousand Units, Revenue, USD Million, 2017-2027)
- Central Vacuum
- Garage Vacuum
By Capacity Outlook (Volume, Thousand Units, Revenue, USD Million, 2017-2027)
- 0-1 Gallon
- 1 - 2 Gallon
- 2 - 5 Gallon
- 5+ Gallon
By Length Outlook (Volume, Thousand Units, Revenue, USD Million, 2017-2027)
- 0-30 ft
- 30-50 ft
By Function Outlook (Volume, Thousand Units, Revenue, USD Million, 2017-2027)
- With Blower
- Without Blower
By End User Outlook (Volume, Thousand Units, Revenue, USD Million, 2017-2027)
- Corporate Offices
- Educational Sites
Direct Purchase Report: https://www.marketstatsville.com/buy-now/vacuum-cleaner-market?opt=2950
By Distribution Channel Outlook (Volume, Thousand Units, Revenue, USD Million, 2017-2027)
- Independent Retailers
- Dependent Retailers
- Supermarket & Hypermarket
- Standalone Stores
- Independent Retailers
By Region Outlook (Volume, Thousand Units, Revenue, USD Million, 2017-2027)
- North America (US, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
- The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)
Garage Vacuum, by Product Type, is estimated to hold the largest market share during the forecast period
The global vacuum cleaner market has been segmented into central vacuum and garage vacuum based on the component. In 2020, Garage Vacuum accounted for the largest market share of 69.53% in the global vacuum cleaner market and had a CAGR of 4.04% during the forecast period.
TheGarage vacuum cleaners come with wet/dry options. There are two types of upright/ canister vacuum. In the case of a good vacuum cleaner, the fan, motor, and filter bag are positioned upright directly above the suction intake. In the case of the canister model, these components are housed in a case, often cylindrical in shape and mounted on wheels, and these are connected to the suction intake by a long hose. Uprights are often referred to as dirty-air design vacuums, while canister models are referred to as clean-air design vacuums.
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North America accounts for the largest market share during the forecast period
Based on the regions, the global vacuum cleaner market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, North America is accounted for the highest market share of 39.78% in the global vacuum cleaner market and was anticipated to maintain its dominance throughout the forecast period, followed by Europe and the Asia Pacific.
North America garage vacuum cleaners’ market is expected to witness high growth over the next few years, as there is rising time of constraints for home-based cleaning along with growing health & hygiene awareness among consumers. Central vacuum cleaners are more popular in North America region, as there is huge market for the same because of the huge residential structures. The end-users from the North America region, especially from the US, are capable of adopting new high-end technologies. The economic conditions are also favorable to the industries in the North American vacuum cleaner market. The key drivers for demand for this product are advanced technology, houses with large structures, the number of high-end consumers for the end product, availability of key players, and strong distribution channels. As all these factors are favorable for both the central and garage vacuum cleaner, it is expected to witness a high growth rate in the forecasted period.
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Some of the major companies that operate in the global vacuum cleaner market Electrolux Group, Panasonic Corporation, Stanley Black & Decker, Dyson Ltd., Haier Group, Eureka Forbes Ltd, LG Corporation, Oreck Corporation, Whirlpool, Royal Philips Electronics, InterVac Design Corp., Bissell, VacuMaid, and Samsung.
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