According to a new report, published by KBV research, 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).
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The Corded segment is registering a CAGR of 5.7 % during the forecast period. Corded cylinder vacuum cleaners are renowned for their consistent power supply, which ensures continuous and stable suction strength throughout the cleaning process. This reliability makes them exceptionally effective for deep cleaning tasks, particularly in households with pets or heavy foot traffic.
The Offline segment led the Global Household Vacuum Cleaners Market by Mode of Sales in 2023; thereby, achieving a market value of $17.9 billion by 2031. This dominance is largely due to the tangible shopping experience it offers, allowing consumers to physically interact with the product before purchasing. Consumers prefer to test vacuum cleaners firsthand to assess their feel, usability, and effectiveness.
The Cylinder Vacuum Cleaners segment is growing at a CAGR of 4.8 % during the forecast period. Cylinder vacuum cleaners are renowned for their powerful suction and adaptability, making them suitable for cleaning various surfaces and materials. These models typically come with a separate body and hose, making them light and maneuverable.
Full Report: https://www.kbvresearch.com/household-vacuum-cleaners-market/
The Asia Pacific region dominated the Global Household Vacuum Cleaners 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. The North America region is anticipated to grow at a CAGR of 5.7% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 5.9% during (2024 - 2031).
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)
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