As per the report published by The Brainy Insights, the vacuum cleaner market is expected to grow from USD 12.8 billion in 2022 to USD 32.23 billion by 2032, at a CAGR of 9.70% during the forecast period 2023-2032. Asia Pacific region emerged as the largest market for the vacuum cleaner with a 35.8% share of the market revenue in 2022. Asia Pacific currently dominates the vacuum cleaner market due to the increasing demand from construction industries and household units in the Middle East and Asia and Southeast Asia Pacific (SEAP), countries will be a significant factor in fuelling growth in these regions over the projection years. However, the sales of vacuum cleaners are anticipated to promote worldwide shortly, particularly in Europe, owing to the comfort of lockdowns and the opening of educational institutions are promoting the region’s growth. Supporting high hygiene standards to control and decrease the spread of coronavirus is predicted to push several institutions, including schools and businesses, to invest vacuum cleaners.
Furthermore, the vacuum cleaner market is expected to witness significant growth in the coming years due to the rising adoption of smart homes and the integration of IoT technology into vacuum cleaners. The integration of sensors, voice control, and mobile applications allows consumers to operate the vacuum cleaners remotely and monitor the cleaning process in real-time. The growing demand for energy-efficient and eco-friendly vacuum cleaners is also driving the market growth. Manufacturers are introducing products with improved energy ratings and eco-friendly features such as reusable dustbins and HEPA filters. The emerging trend of rental and subscription-based models for vacuum cleaners is also expected to create new opportunities for market growth. Overall, the vacuum cleaner market is expected to continue its growth trajectory in the coming years, driven by innovation and evolving consumer needs.
Leading companies in the industry include Snow Joe LLC, Panasonic Holdings Corporation, Nilfisk Group, Neato Robotics, Inc., iRobot Corporation, Haier Group, Emerson Electric Co., ECOVACS, Dyson, DEWALT, CRAFTSMAN, BISSELL Inc., Alfred Karcher SE & Co. KG, among others which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.
The product segment is divided into drum, robotic, wet & dry, canister, upright, central, and others. The canister segment dominated the market, with a market share of around 18% in 2022. In 2022, the market was categorized into three application segments, namely residential, commercial, and industrial. Among these segments, the residential category had the largest market share of approximately 36%. The distribution channel segment is divided into online channel, and offline channel. The online channel segment dominated the market, with a market share of around 55% in 2022.
The current outbreak of Covid-19 had a substantial effect on the vacuum cleaner market. The market has profited mainly from the coronavirus pandemic, with growing demand from home end-users. Market participants said the need for vacuum cleaners improved immensely during the covid. The rising need was described as high customer awareness of the significance of cleanliness and germ protection in the house due to the virus’s fast spread. The importance of maintaining hygiene consumers in 2020 focused on purchasing products to keep their homes hygienic. During the pandemic, customers in Europe, Asia-Pacific, and North America ordered vacuum cleaners through the online channel. Due to total lockdowns and barriers to import and export in European and Asian countries, manufacturing companies were forced to shut down manufacturing and supply chain operations temporarily.