The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The vacuum cleaner market has witnessed robust growth in recent years, driven by factors such as rising disposable income, improving living standards, increasing awareness of health and hygiene, and changing lifestyles. This upward trajectory underscores the market’s resilience and potential for further expansion.

Current Market Landscape

Assessing Recent Growth

• In 2023, the market size reached $9.67 billion.
• Estimated growth to $10.48 billion in 2024 at a CAGR of 8.5%.

Forecasted Growth and Emerging Trends

Anticipating Future Expansion

• Expected growth to $14.65 billion by 2028 at a CAGR of 8.7%.
• Factors driving growth include smart home integration, health and air quality concerns, HEPA and advanced filtration, rental and subscription services, and e-commerce growth.
• Major trends include robotics and AI, sustainability and eco-friendly models, cordless and lightweight designs, collaborative cleaning, and UV light sanitization.

Rising Disposable Income Fuels Growth In The Vacuum Cleaner Market

Key Market Drivers

• Increasing disposable income propels demand for vacuum cleaners.
• Lifestyle changes and higher disposable income contribute to the adoption of electronic gadgets.
• The U.S. Bureau of Economic Analysis reports a steady increase in personal disposable income and spending.
• Major companies in the market include Haier Group Corp., Electrolux AB, Dyson Ltd., and others.

View More On The Vacuum Cleaner Market Report 2024 – https://www.thebusinessresearchcompany.com/report/vacuum-cleaner-global-market-report

Technological Advancements Drive Innovation In The Vacuum Cleaner Market

Exploring Technological Trends

• Technological advancement emerges as a key trend in the market.
• Companies focus on developing advanced products to strengthen their market position.
• Creative Newtech Ltd. introduces Dustor, a robotic vacuum cleaner with LIDAR technology.
• Advent International’s acquisition of Eureka Forbes aims to enhance the company’s consumer goods portfolio.

Market Segmentation and Regional Insights

Understanding Market Segments

• Product: Canister, Central, Drum, Robotic, Upright, Wet and Dry, Other Products
• Application: Industrial, Residential, Commercial
• Distribution Channel: Online, Offline
• Asia-Pacific leads the market in 2023 and is expected to be the fastest-growing region.

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The Vacuum Cleaner Global Market Report 2024 provides comprehensive insights on the vacuum cleaner market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the vacuum cleaner market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Vacuum Insulation Global Market Report 2024

Robotic Vacuum Cleaners Global Market Report 2024

Cordless Vacuum Cleaners Global Market Report 2024

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