PUBLISHER: Lucintel | PRODUCT CODE: 1538267
PUBLISHER: Lucintel | PRODUCT CODE: 1538267
Cordless Vacuum Cleaner Trends and Forecast
The future of the global cordless vacuum cleaner market looks promising with opportunities in the household and commercial markets. The global cordless vacuum cleaner market is expected to reach an estimated $9.6 billion by 2030 with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are growing awareness of allergens and pollutants, increasing demand for quick and efficient cleaning solutions, and rising living standards and disposable income in many regions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Cordless Vacuum Cleaner by Segment
The study includes a forecast for the global cordless vacuum cleaner by product, category, distribution channel, end use, and region.
List of Cordless Vacuum Cleaner Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cordless vacuum cleaner companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cordless vacuum cleaner companies profiled in this report include-
Cordless Vacuum Cleaner Market Insights
Lucintel forecasts that upright will remain the largest segment over the forecast period because their wide-body shape makes it easier to clean vast areas quickly.
Within this market, household will remain larger segment due to expanding population and accelerating urbanization, along with widespread use of cordless vacuum cleaners in residential settings.
APAC is expected to witness the highest growth over the forecast period due to increasing demand convenience and technologically enhanced products, along with increase in the population living in cities and rising living standards in the region.
Features of the Global Cordless Vacuum Cleaner Market
Market Size Estimates: Cordless vacuum cleaner market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Cordless vacuum cleaner market size by product, category, distribution channel, end use, and region in terms of value ($B).
Regional Analysis: Cordless vacuum cleaner market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product, category, distribution channel, end use, and regions for the cordless vacuum cleaner market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cordless vacuum cleaner market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the cordless vacuum cleaner market size?
Answer: The global cordless vacuum cleaner market is expected to reach an estimated $9.6 billion by 2030.
Q2. What is the growth forecast for cordless vacuum cleaner market?
Answer: The global cordless vacuum cleaner market is expected to grow with a CAGR of 6.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the cordless vacuum cleaner market?
Answer: The major drivers for this market are growing awareness of allergens and pollutants, increasing demand for quick and efficient cleaning solutions, and rising living standards and disposable income in many regions.
Q4. What are the major segments for cordless vacuum cleaner market?
Answer: The future of the global cordless vacuum cleaner market looks promising with opportunities in the household and commercial markets.
Q5. Who are the key cordless vacuum cleaner market companies?
Answer: Some of the key cordless vacuum cleaner companies are as follows:
Q6. Which cordless vacuum cleaner market segment will be the largest in future?
Answer: Lucintel forecasts that upright will remain the largest segment over the forecast period because their wide-body shape makes it easier to clean vast areas quickly.
Q7. In cordless vacuum cleaner market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period due to increasing demand convenience and technologically enhanced products, along with increase in the population living in cities and rising living standards in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.