PUBLISHER: KBV Research | PRODUCT CODE: 1544201
PUBLISHER: KBV Research | PRODUCT CODE: 1544201
The Global Household Vacuum Cleaners Market size is expected to reach $28 billion by 2031, rising at a market growth of 6.4% CAGR during the forecast period. In the year 2023, the market attained a volume of 99,513.99 thousand units experiencing a growth of 13.9% (2020-2023).
Several factors, such as the widespread adoption of advanced technologies, a strong emphasis on hygiene, and high disposable incomes, can be attributed to this dominance. Consumers in North America are particularly keen on investing in high-quality home appliances that offer superior performance and convenience. Consequently, the North American region would acquire nearly 28% of the total market share by 2031. Also, the US market would consume 5,884.77 thousand units of cylinder vacuum cleaners by 2031.
The major strategies followed by the market participants are product launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, in August, 2023, Dyson Limited launched the V12s Detect Slim Submarine, its first all-in-one wet-and-dry cordless vacuum cleaner in India, priced at Rs. 62,900. The model featured new technologies for hard floor cleaning, including hydration, absorption, and extraction, along with Dyson's powerful suction, dust illumination, and anti-tangle capabilities, including a wet roller head for liquid spills. Moreover, in June, 2023, Puresight Systems, iRobot's exclusive distributor in India, introduced the Roomba Combo j7+ robot vacuum and mop at Rs 89,900, available from June 20. The company also launched the Roomba Combo j7 without the Clean Base Automatic Dirt Disposal, priced at Rs 69,900.
Market Growth Factors
Over the years, innovations in vacuum cleaner technology have not only improved the basic functionality of these devices but have also introduced features that align with the modern consumer's lifestyle and expectations for smart home appliances. Furthermore, the shift towards cordless designs has significantly impacted the market. Hence, technological advancements in the vacuum cleaner industry have greatly enhanced these household appliances' convenience, efficiency, and effectiveness, driving their demand.
Urbanization is a powerful global trend reshaping lifestyles and consumer behaviors, particularly in household appliances like vacuum cleaners. Handheld and stick vacuum cleaners are becoming particularly popular in these urban settings. Their lightweight and slim designs make them ideal for quick cleanups and easy storage in tight spaces, such as closets or under furniture. Thus, as urbanization continues to drive more people into smaller living spaces, the demand for compact and efficient vacuum cleaners is expected to grow.
Market Restraining Factors
Market saturation is a significant challenge facing the household vacuum cleaner industry, particularly in developed regions where the penetration rate of such appliances is exceptionally high. The high penetration rate means that most consumers are equipped with the necessary tools for home cleaning, reducing the frequency of vacuum cleaner purchases. Hence, market saturation in the household vacuum cleaner sector presents challenges.
Type Outlook
Based on type, the market is bifurcated into corded and cordless. The cordless segment procured 38% revenue share in the market in 2023. In terms of volume, the segment registered 32,106.29 thousand units in 2023. The appeal of cordless vacuum cleaners lies in their convenience and portability. By eliminating the need for a power cord, these models provide users with increased flexibility and convenience, enabling them to clean areas that are difficult to access with corded models, such as stairs, vehicles, and upholstery.
Mode of Sales Outlook
On the basis of mode of sales, the market is classified into offline and online. The online segment recorded 34% revenue share in the market in 2023. In terms of volume, the segment registered a volume of 37,817.51 thousand units in 2023. The growth of this segment is driven by the convenience and broad selection available through online platforms. Consumers can shop from various brands and models at competitive prices, often with access to customer reviews that help guide their purchasing decisions.
Product Outlook
By product, the market is divided into cylinder, upright, stick, steam, handheld, robotic, and others. The upright segment garnered 24% revenue share in the market in 2023. Upright vacuum cleaners offer numerous benefits, including efficient cleaning performance, ease of use, versatility, advanced filtration, and sturdy construction.
Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment recorded 35% revenue share in the market in 2023. According to the World Bank, urbanization rates in Asia have been rising steadily, leading to higher demand for household appliances that can efficiently maintain urban living spaces. In addition, the region's expanding e-commerce sector has facilitated the acquisition of a diverse selection of vacuum cleaners at competitive prices, which is a boon for consumers.
Recent Strategies Deployed in the Market
List of Key Companies Profiled
Global Household Vacuum Cleaners Market Report Segmentation
By Type (Volume, Thousand Units, USD Billion, 2020-2031)
By Mode of Sales (Volume, Thousand Units, USD Billion, 2020-2031)
By Product (Volume, Thousand Units, USD Billion, 2020-2031)
By Geography (Volume, Thousand Units, USD Billion, 2020-2031)