Residential Vacuum Cleaner Market Growth, Trends, Size, Revenue, Challenges and Future Outlook: SPER Market Research

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Published: Jul 2023	Report ID: FMCG2380	Pages: 1 - 245	Formats^*:
Category : Consumer & Retail

Residential Vacuum Cleaner Market Introduction and Overview

According to SPER Market Research, the Global Residential Vacuum Cleaner Market is estimated to reach USD 46.51 billion by 2033 with a CAGR of 7.83%.

The report includes an in-depth analysis of the Global Residential Vacuum Cleaner Market, including market size and trends, product mix, distribution channels, and supplier analysis. A residential vacuum cleaner is a household appliance designed for the purpose of cleaning various surfaces within a home, such as floors, carpets, rugs, upholstery, and curtains. It utilizes suction power to effectively remove dirt, dust, pet hair, and other debris from these surfaces. Residential vacuum cleaners come in various types, including upright, canister, stick, robotic, and handheld models, each offering different features and functionalities. They typically consist of a motorized unit equipped with a suction mechanism, a dust collection system (such as a bag or dustbin), and various attachments and accessories for versatile cleaning tasks.

Changing Lifestyles and Consumer Preferences: Evolving consumer lifestyles, busy schedules, and a desire for convenience influence the demand for residential vacuum cleaners. Consumers seek time-saving and efficient cleaning solutions that fit their modern lifestyles.

Technological Advancements: Technological innovations in residential vacuum cleaners, such as cordless operation, smart features, improved suction power, and advanced filtration systems, attract consumers looking for enhanced cleaning performance and convenience.

Market Opportunities and Challenges

The residential vacuum cleaner market presents several promising opportunities for growth and expansion.Firstly, the increasing focus on health and hygiene, particularly in the wake of the COVID-19 pandemic, creates a favourable environment for the market. Consumers are increasingly conscious of maintaining clean living spaces, leading to a higher demand for efficient vacuum cleaners. The rising trend of smart homes and connected devices opens avenues for innovation.

There is an opportunity to cater to niche markets and specific consumer needs. This includes developing specialized vacuum cleaners for pet owners, allergy sufferers, or households with specific flooring types. Additionally, the growing awareness of sustainability and environmental concerns presents a chance to introduce energy-efficient and eco-friendly vacuum cleaners.

The residential vacuum cleaner market faces several challenges that impact its growth and development. Intense market competition poses a challenge for manufacturers to differentiate their products and stand out in a crowded marketplace. With numerous brands and models available, gaining consumer attention and loyalty requires effective marketing strategies and product innovation.

Economic factors such as fluctuations in disposable incomes and purchasing power can influence consumer spending on non-essential appliances like vacuum cleaners. Economic downturns or recessions can lead to decreased demand and slower market growth.

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Market Competitive Landscape

The competitive landscape of the residential vacuum cleaner market is characterized by intense competition among various players striving to gain market share. Key manufacturers in the market include established brands such as Dyson, Shark Ninja, iRobot, Miele, Electrolux, Bissell, and Hoover, among others. These companies compete based on factors such as product performance, innovation, brand reputation, pricing, and distribution networks. They invest heavily in research and development to introduce technologically advanced vacuum cleaners with features like cordless operation, smart connectivity, and improved suction power.

Scope of the Report:

Report Metric	Details
Market size available for years	2019-2033
Base year considered	2022
Forecast period	2023-2033
Segments covered	By Type, By Distribution Channels.
Regions covered	Asia Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered	Bissell Incorporation, Dyson Limited, Electrolux Group, Eureka Forbes Limited, Haier Group, iRobot Corporation, LG Corporation, Oreck Corporation, Panasonic Corporation.

COVID-19 Impact on Global Residential Vacuum Cleaner Market

The COVID-19 pandemic has had a significant impact on the residential vacuum cleaner market. On one hand, the increased focus on hygiene and cleanliness as a result of the pandemic is in demand for residential vacuum cleaners. With more people spending time at home and prioritizing cleanliness, the need for cleaning solutions has grown. Consumers have become more conscious of maintaining clean living spacesto increased sales of vacuum cleaners.On the other hand, the pandemic has also brought about some challenges for the market. Economic uncertainties and financial constraints faced by individuals and households during the pandemic have affected purchasing power.

Key Target Audience

Homeowners
Apartment Dwellers
Allergy and Asthma Sufferers
Eco-Conscious Consumers
Professional Cleaners

Our in-depth analysis of the Residential Vacuum Cleaner Market includes the following segments:

By Type:	Canister Central Drum Robotic Upright Wet/Dry
By Distribution Channels:	Supermarkets/Hypermarkets Speciality Stores Online Others

Key Topics Covered in the Report

Global Residential Vacuum Cleaner Market Size (FYâ€™2023-FYâ€™2033)
Overview of Global Residential Vacuum Cleaner Market
Segmentation of Global Residential Vacuum Cleaner Market By Type (Upright, Canister, Central, Drum, Wet/Dry, Robotic)
Segmentation of Global Residential Vacuum Cleaner Market By Distribution Channels (Supermarket/Hypermarkets, Speciality Stores, Online, Others)
Statistical Snap of Global Residential Vacuum Cleaner Market
Expansion Analysis of Global Residential Vacuum Cleaner Market
Problems and Obstacles in Global Residential Vacuum Cleaner Market
Competitive Landscape in the Global Residential Vacuum Cleaner Market
Impact of COVID-19 and Demonetization on Global Residential Vacuum Cleaner Market
Details on Current Investment in Global Residential Vacuum Cleaner Market
Competitive Analysis of Global Residential Vacuum Cleaner Market
Prominent Players in the Global Residential Vacuum Cleaner Market
SWOT Analysis of Global Residential Vacuum Cleaner Market
Global Residential Vacuum Cleaner Market Future Outlook and Projections (FYâ€™2023-FYâ€™2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERâ€™s internal database
2.1.4. Premium insight from KOLâ€™s

2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the Global Residential Vacuum Cleaner Market

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTERâ€™s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Residential Vacuum Cleaner Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Residential Vacuum Cleaner Market

7. Global Residential Vacuum Cleaner Market, By Type (USD Million)

7.1. Global Residential Vacuum Cleaner Market Value Share and Forecast, By Type, 2023-2033
7.2. Canister
7.3. Central
7.4. Drum
7.5. Robotic
7.6. Upright
7.7. Wet/Dry

8. Global Residential Vacuum Cleaner Market, By Distribution Channels (USD Million)

8.1. Global Residential Vacuum Cleaner Market Value Share and Forecast, By Distribution Channels, 2023-2033
8.2. Supermarkets/Hypermarkets
8.3. Speciality Stores
8.4. Online
8.5. Others

9. Global Residential Vacuum Cleaner Market Forecast, 2019-2033 (USD Million)

9.1. Global Residential Vacuum Cleaner Market Size and Market Share

10. Global Residential Vacuum Cleaner Market, By Type, 2019-2033 (USD Million)

10.1. Global Residential Vacuum Cleaner Market Size and Market Share By Type (2019-2026)
10.2. Global Residential Vacuum Cleaner Market Size and Market Share By Type (2027-2033)

11. Global Residential Vacuum Cleaner Market, By Distribution Channels, 2019-2033 (USD Million)

11.1. Global Residential Vacuum Cleaner Market Size and Market Share By Distribution channels (2019-2026)
11.2. Global Residential Vacuum Cleaner Market Size and Market Share By Distribution Channels (2027-2033)

12. Global Residential Vacuum Cleaner Market, By Region, 2019-2033 (USD Million)

12.1. Global Residential Vacuum Cleaner Market Size and Market Share By Region (2019-2026)
12.2. Global Residential Vacuum Cleaner Market Size and Market Share By Region (2027-2033)
12.3. Asia-Pacific

12.3.1. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific

12.4. Europe

12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe

12.5. Middle East and Africa

12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Rest of Middle East & Africa

12.6. North America

12.6.1. Canada
12.6.2. Mexico
12.6.3. United States

12.7. Latin America

12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America

13. Company Profile

13.1. Bissell Incorporation

13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments

13.2. Dyson Limited

13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments

13.3. Electrolux Group

13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments

13.4. Eureka Forbes Limited

13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments

13.5. Haier Group

13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments

13.6. iRobot Corporation

13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments

13.7. LG Corporation

13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments

13.8. Oreck corporation

13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments

13.9. Panasonic Corporation

13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments

14. List of Abbreviations

15. Reference Links

16. Conclusion

17. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3

Frequently Asked Questions About This Report

How big is the Residential Vacuum Cleaner Market?

Residential Vacuum Cleaner Market is projected to reach USD 46.51 billion by 2033, growing at a CAGR of 7.83% during the forecast period.

What is the growth rate of the Residential Vacuum Cleaner Market?

Residential Vacuum Cleaner Market grew in market size from 2022. The Market is expected to reach USD 46.51 billion by 2033, at a CAGR of 7.83% during the forecast period.

What is the anticipated CAGR of the Residential Vacuum Cleaner Market?

Residential Vacuum Cleaner Market CAGR of 7.83% during the forecast period.

How can I get a sample report on the Residential Vacuum Cleaner Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the Residential Vacuum Cleaner Market?

Residential Vacuum Cleaner Market size is USD 46.51 billion from 2023 to 2033.

Which segment is expected to Residential Vacuum Cleaner Market?

Residential Vacuum Cleaner Market Segment is covered By Type, By Distribution Channels.

Which region is expected to have the highest market share in the Residential Vacuum Cleaner Market?

The North America region is anticipated to have the highest market share in the Residential Vacuum Cleaner Market.

Who are the key players in Residential Vacuum Cleaner Market?

The key players in the market include Companies Covered Bissell Incorporation, Dyson Limited, Electrolux Group, Eureka Forbes Limited, Haier Group, iRobot Corporation, LG Corporation, Oreck Corporation, Panasonic Corporation.

What is the conclusion of the Residential Vacuum Cleaner Market?

Residential Vacuum Cleaner Market, including market size and trends, product mix, distribution channels, and supplier analysis. A residential vacuum cleaner is a household appliance designed for the purpose of cleaning various surfaces within a home, such as floors, carpets, rugs, upholstery, and curtains.