Household Vacuum Cleaners Market SWOT Study, Sales Analysis, Technological Innovations and Competitive Landscape to 2028 - Digital Journal

2022-05-27 21:59:59 By : Ms. Cayla Liang

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Household Vacuum Cleaners market research report provides an in depth examination of the key factors stimulating market expansion. It also sheds light on the challenges or restraining factors that are poised to hinder industry growth over the forecast timeframe. Growth rate, market share captured, and valuation estimates for each region, segment, and company are documented as well.

The Household Vacuum Cleaners market document entails a detailed rundown of the impact of the key factors on the development and growth of the of the business sphere over the forecast timeframe. Promising opportunities in the Household Vacuum Cleaners market have also been mentioned in the study.

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The household vacuum cleaners market was valued at US$ 41,490.9 million in 2020 and is projected to reach US$ 58,439.6 million by 2028; it is expected to grow at a CAGR of 4.4% from 2021 to 2028.

Household vacuum cleaners is an electrical household appliance, which is used to the clean and remove debris from floors, upholstery, draperies, and other surfaces with the use of suction. The household vacuum cleaners are available in various sizes and shapes as well as in different type of models which is that includes upright, canister, handheld, and robotic, among others. To provide convenience, ease of use and efficient cleaning the household vacuum cleaners are available in cordless making it portable, which can be carried and used for cleaning different areas of the house.

A few of the key market players operating in the household vacuum cleaners market are BISSELL; Electrolux; Koninklijke Philips N.V.; Stanley Black & Decker, Inc.; Haier Group; Dyson Limited; Eureka Forbes; Groupe SEB; Miele; and Oreck Corporation. Major players in the market are focusing on strategies such as mergers and acquisitions and product launches to expand the geographic presence and consumer base.

Key Elements that the report acknowledges:

Growth rate and market size over the analysis timeframe.

Key factors stimulating and hindering market expansion.

Leading vendors and suppliers of the market.

Exhaustive SWOT analysis of each company.

Detailed PEST analysis by region.

Opportunities and threats faced by the existing vendors in Household Vacuum Cleaners market.

Strategic initiatives undertaken by leading players.

Growing Preference for Vacuum Cleaners for Maintaining Hygiene

Cleaning houses manually has been a conventional method of maintaining hygiene and cleanliness at home. However, houses can be cleaned more effectively and in much less time with the help of household vacuum cleaners, compared to traditional ways of cleaning. However, the need for vacuum cleaners in the household is not just limited to cleaning, nowadays, as the devices are also being considered to keep the environment germ-free. Vacuum cleaners not only provide better and more effective means of cleaning floors but also purify the air. Companies are investing in R&D to introduce new household vacuum cleaners with advanced motor technologies to further enhance the machine’s energyefficiency and performance. For instance, in September 2019, Miele announced its new cordless household vacuum cleaner with built-in high-efficiency particulate absorbing (HEPA) filters. The HEPA filters significantly enhance indoor air quality and reduce the chances of allergies and asthma by preventing the release of pollutants in air. As a result, the growing preference for household vacuum cleaners for maintaining hygiene is propelling the market growth.

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Furthermore, the Household Vacuum Cleaners market is segmented based on type, application, and region in order to study it exhaustively and provide the data in a systematic manner. Speaking of competitive landscape, the study includes a list of leading companies along with their product and service offerings, strategic decisions, SWOT analysis, latest developments, market share captured, growth rate, and valuation. The challenges faced by these companies are analyzed and solutions for them are given as well.

By Product (Upright, Stick, Canister, Robotic, Handheld, and Others)

Distribution Channel (Offline and Online)

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Essential points covered in Household Vacuum Cleaners report are:-

What will the market size and the growth rate be in 2028?

What are the key growth stimulants of Household Vacuum Cleaners market?

What are the key market trends impacting Household Vacuum Cleaners market valuation?

What are the challenges to market proliferation?

Who are the key vendors in the Household Vacuum Cleaners?

Which are the leading companies contributing to Household Vacuum Cleaners valuation?

What was the market share held by each region in 2021?

What is the estimated growth rate and valuation of Household Vacuum Cleaners in 2028?

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Food and Beverages, Consumers Goods, Chemicals and Materials.

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