The Household Vacuum Cleaners market is anticipated to reach USD$ 14.67 billion by 2020, expanding at a CAGR of 4.9% between 2016 and 2020. Household vacuum cleaners market is segmented on the basis product into upright, canister, central, drum, wet/dry, and robotic devices. Robotic cleanerss are expected to hold high potential over the next seven years owing to innovative features including sweeping brushes, acoustic sensors, mobile support, automated mapping capabilities and self charging capabilities.
Canister vacuum cleanerss market is estimated to be valued at over USD 4 billion by 2022. Drum products are anticipated to grow at a CAGR of more than 4.0% over the forecast period. High cost and large size may hinder growth of the central product segment over the next seven years.
Asia Pacific vacuum cleaners market accounted over 30% of the overall revenue share in 2014. Strict energy regulations may hinder regional growth over the forecast period. The Asia Pacific household vacuum cleaners market is driven by the rapid urbanization in nations such as Malaysia, China, India, South Korea, and India. In these countries, consumers are increasingly able to afford vacuum cleaners, driving the APAC household vacuum cleaners market. EU banned the sales of vacuum cleanerss with power capacity above 1600 watts and this capacity restriction will reduce to 900 watts in September 2017.
In 2012, the global household vacuum cleaners market was dominated by the segment of canister household vacuum cleaners, which held a 35% share in the global household vacuum cleaners market and is projected to continue its dominance during the forecast period. The robotic household vacuum cleaners segment is projected to enjoy significant growth in the coming few years due to innovations such as acoustic sensors, automated mapping capacities, self-charging cleaners, and sweeping brushes.
The key players operating in the global household vacuum cleaners market are TTI Floor Care, Dyson, Stanley Black & Decker, Electrolux Group, LG Electronics, Haier Group, Eureka Forbes, Miele, and Panasonic Corporation.
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Joanna | Executive – International Business and partner Relations
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