“Global Household Vacuum Cleaners Market to reach a market value of USD 28 Billion by 2031 growing at a CAGR of 6.4%”
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.
Based on the Analysis presented in the KBV Cardinal matrix; Samsung Electronics Co. Ltd. is the forerunner in the Market. In September, 2023, Samsung Electronics Co. Ltd launched the Jet™ Cordless Vacuum range, including models 65, 75E, 85, and 95. With lightweight designs, increased power, and standard pet tools, these vacuums offered a hygienic cleaning solution. The Digital Inverter Motor provided suction power up to 210W, while the aerodynamic air system and multi-cyclonic filtration efficiently trapped fine dust particles. Companies such as LG Electronics, Inc., Haier Smart Home Co., Ltd., Panasonic Corporation are some of the key innovators in Market.
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 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.
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.
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.
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.
Free Valuable Insights: Global Household Vacuum Cleaners Market size to reach USD 28 Billion by 2031
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.
The competition in the Market is intense, driven by key players focusing on innovation, smart technology integration, and energy efficiency. Brands compete on features like suction power, filtration systems, and versatility across surfaces. The market sees rivalry from traditional vacuum cleaners to advanced robotic models, enhancing consumer choices.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 17.2 Billion |
| Market size forecast in 2031 | USD 28 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 6.4% from 2024 to 2031 |
| Quantitative Data | Volume in Thousand Units, Revenue in USD Billion, and CAGR from 2020 to 2031 |
| Number of Pages | 788 |
| Number of Tables | 1719 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Type, Mode of Sales, Product, Region |
| Country scope |
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| Companies Included | Panasonic Holdings Corporation, AB Electrolux (Electrolux), LG Electronics, Inc. (LG Corporation), Samsung Electronics Co. Ltd, Koninklijke Philips N.V., Miele & amp; Cie. KG, Dyson Limited, iRobot Corporation, Haier Smart Home Co., Ltd. (Haier Group Corporation) and BISSELL, Inc. |
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)
The Market size is projected to reach USD 28 billion by 2031.
Technological advancements in vacuum cleaners are driving the Market in coming years, however, Significant challenge posed by market saturation restraints the growth of the Market.
Panasonic Holdings Corporation, AB Electrolux (Electrolux), LG Electronics, Inc. (LG Corporation), Samsung Electronics Co. Ltd, Koninklijke Philips N.V., Miele & amp; Cie. KG, Dyson Limited, iRobot Corporation, Haier Smart Home Co., Ltd. (Haier Group Corporation) and BISSELL, Inc.
The expected CAGR of this Market is 6.4% from 2024 to 2031.
The Offline segment led the Market by Mode of Sales in 2023; thereby, achieving a market value of $17.9 billion by 2031.
The Asia Pacific region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $10 billion by 2031.
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