Vacuum Cleaner Market to Reach $32.74 Billion Globally by 2033 at 9.2% CAGR: The Brainy Insights

The vacuum cleaner market size has grown from $13.58 billion to $32.74 billion in 10 years. A vacuum cleaner equipped with state-of-the-art features creates a favorable market growth prospect.

Newark, Sept. 17, 2024 (GLOBE NEWSWIRE) — Brainy Insights estimates that the vacuum cleaner market will grow from $13.58 billion in 2023 to $32.74 billion by 2033. Today, vacuum cleaners have a number of advanced features that humans cannot even imagine. Advanced features in vacuum cleaners make cleaning easier. Government regulations and policies have a significant impact on the vacuum cleaner market as global governments set a regulatory framework for manufacturers to reduce energy consumption and create eco-friendly products. The implementation of regulations such as the European Energy Label requirement reduces the power from 1600 watts to 900 watts for vacuum cleaners sold or manufactured in European countries. Furthermore, mergers and acquisitions are influencing this industry, allowing companies to expand their customer base, increase market share, and enhance their product portfolio.

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Key insights into the vacuum cleaner market

Asia and Pacific will be the largest market during the forecast period

Asia Pacific is expected to hold the largest share of the vacuum cleaner market. The significant factors contributing to the growth of the vacuum cleaner market in the Asia Pacific region are the huge expansion of manufacturing capacity and rising consumer consumption in China, which have transformed the Chinese society and economy. China is one of the leading manufacturers of industrial and consumer products in the world. Moreover, China is the fastest growing market for goods and services in the world. The Chinese economy has maintained a high growth rate due to the steady increase in industrial production, consumer consumption, import and export, and capital investment for over two decades. Rapid consolidation among medium and large players is expected as the Chinese government has encouraged industry consolidation to regulate the industry and increase competitiveness in the global market.

The largest market share was held by the canister segment by 19% and market revenues of USD 2.58 billion in 2023.

The product segment is divided into drum, robotic, wet and dry, canister, upright, central, and others. The canister segment dominated with a market share of around 19% and a market revenue of $2.58 billion in 2023. The rise in the number of canister vacuums equipped with HEPA (high-efficiency particulate air) filter, which comes with a low risk of causing lung side effects like asthma and allergies, is the reason why it is expected to work in favor of the future growth opportunities of the segment.

The residential segment had the largest market share by 37% and market revenues of USD 5.02 billion in 2023.

The application segment is divided into residential, commercial, and industrial. The residential segment dominates the market with a market share of around 37% and a market revenue of USD 5.02 billion in 2023. Vacuum cleaners help in cleaning dust and removing allergens. They are also easy to use; save time and energy and are expected to drive the demand for home vacuum cleaners. Similarly, the increasing availability of cutting-edge products that can effectively capture fine contaminants is driving the growth of the market in residential applications.

The largest market share was held by the online channels segment at 56% and market revenues of USD 7.04 billion in 2023.

The distribution channel segment is divided into online channel and offline channel. Online channel segment dominated the market with a market share of around 56% and a market revenue of USD 7.60 billion in 2023. The growth is due to the introduction of lockdowns across the globe to contain the spread of COVID-19. However, cleaning has become a necessity in the daily routine across all application industries and companies have shifted to selling their products through online channels, which is supporting the growth of the segment.

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Progress on the market

In March 2022, Chinese robotics company ECOVACS launched its unique “DEEBOT X1 OMNI”, a robotic vacuum cleaner with realistic language processing technology that receives direct commands and speech without any smart device. It has an auto cleaning station that automatically washes, removes dirt, dries the mop and fills it with clean water. The device has a large water tank capacity of 4 l, cleans the smallest dirt up to 360 m2 and removes 99.9% of dust particles.

Market dynamics

Drivers: The vacuum cleaner saves energy and time

Vacuum cleaning is not only hygienic but also safer than manual cleaning with a broom. Vacuum cleaners are able to clean within a minute, while manual cleaning takes about hours. With the help of a vacuum cleaner, you can achieve the goal of thorough cleaning in the shortest time. They are quick and easy to use. In addition, a person needs less effort and energy to operate a vacuum cleaner.

Limitations: High electricity bill

Relying on a vacuum cleaner model uses hundreds to thousands of watts of electricity. Indeed, if someone uses a vacuum cleaner, the electricity bill starts to get high.

Features: The vacuum cleaner is equipped with the latest features

Vacuum cleaners nowadays have a number of advanced features that a person cannot even imagine. Advanced features of a vacuum cleaner make cleaning easier. Similarly, vacuum cleaners with advanced features will always have the advantage of having an automatic sensor that reveals the surface to determine and work effectively.

The main players operating in the vacuum cleaner market include:

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Key market segments:

By product:

• Drum

• Robotic

• Wet and dry

• Canister

• Vertically

• Central

• Others

By application:

• Housing

• Commercial

• Industrial

By distribution channel:

• Internet channel

• Offline channel

By region

• North America (USA, Canada, Mexico)

• Europe (Germany, France, UK, Italy, Spain, rest of Europe)

• Asia Pacific (China, Japan, India, rest of APAC)

• South America (Brazil and rest of South America)

• Middle East and Africa (UAE, South Africa, rest of MEA)

About the report:

The market is analyzed on the basis of value (USD Billion). All segments have been analyzed globally, regionally, and at the country level. The study covers the analysis of over 30 countries for each segment. The report analyzes the drivers, opportunities, restraints, and challenges to gain critical insights into the market. The study includes Porter’s Five Forces Model, Attractiveness Analysis, Product Analysis, Supply and Demand Analysis, Competitor Position Grid Analysis, Distribution and Marketing Channel Analysis.

About Brainy Insights:

Brainy Insights is a market research company that aims to provide actionable insights through data analysis to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients’ objectives of high-quality results in a short time. We provide both customized (client-specific) reports as well as syndicated reports. Our repository of syndicated reports is diverse across all categories and subcategories in various domains. Our customized solutions are tailored to the requirements of clients, whether they are looking to expand or are planning to launch a new product in the global market.

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