PUBLISHER: Grand View Research | PRODUCT CODE: 1446525
PUBLISHER: Grand View Research | PRODUCT CODE: 1446525
The global vacuum cleaner market size is expected to reach USD 26.44 billion by 2030, registering a CAGR of 10.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing emphasis on maintaining cleanliness and hygiene in private and public spaces is contributing to the market growth. Moreover, growing consumer expenditure on household appliances, considering the growing working population, changing lifestyle patterns, and increasing per capita income, especially in developing countries, is also creating lucrative growth prospects for the market.
The ongoing technological advancements in vacuum cleaners are significantly driving the product demand across commercial as well as industrial spaces, fueling market growth. The market players are striving to develop and introduce innovative cleaning solutions that can cater to a large customer base while strengthening their market position. For instance, in 2024, Dreame Technology launched various new smart cleaning solutions at the CES 2024. The new solutions include DreameBot L20 Ultra, DreameBot X30 Ultra, DreameBot L10s Pro Ultra, Dreame Z10 Station Cordless Vacuum Cleaner, and Dreame H13 Pro Wet and Dry Vacuum.
The stringent regulatory scenario in various countries to ensure cleanliness and hygiene in commercial and industrial environments is stimulating the adoption of vacuum cleaners further. These smart machines extract and vacuum the dust of different particle sizes and quantities, especially in the manufacturing and construction industries. In pharmaceutical companies, the production process involves high standards of hygiene, productivity, and safety to ensure a compliant, safe, and effective product. This necessitates the deployment of efficient vacuum cleaners that reduce dust dispersal and are equipped with HEPA filters. These factors are expected to transform the vacuum cleaner market outlook in the coming years.
In addition, the growth of the vacuum cleaner market is influenced by the strong and well-established distribution channels and diversification of manufacturing and supply chain capabilities. The online distribution channel has also gained momentum in recent years, and companies are emphasizing the direct-to-consumer sales channel. For instance, Ecovacs has collaborated with several e-commerce platforms, such as Amazon, Lazada, and Shopee, as well as key local e-commerce channels to expand in Singapore, India, Vietnam, and Indonesia. The company also focuses on the development of other distribution channels, including its offline retail channels, website, and mobile app.