Developments in HEPA Filtration Technology to Drive Global Household Vacuum Cleaners Market to US$14.60 Billion by 2018

2024-11-23 12:24:45 Home and Family

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The global household vacuum cleaners market is expected to grow at a CAGR of 4.9% from 2012 to 2018. The market?s value by the end of this forecast period will be US$14.60 billion. Transparency Market Research has published a research report about this market, titled ?Household Vacuum Cleaners Market - Global Industry Analysis, Size, Share And Forecasts 2012 - 2018?. The report aims to offer a clear picture of the global household vacuum cleaners market by providing details on its key players, development in particular segments, and geographical distribution.

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According to the report, the global household vacuum cleaners market is primarily driven by increasing awareness amongst families about the benefits of using vacuum cleaners in place of traditional brooms or other such equipment. This holds true particularly in the Asia Pacific region, which is primarily driving the market.

Other major reasons for the market?s growth are listed as increasing disposable incomes of families and developments in creating energy-efficient and eco-friendly vacuum cleaners that can function well in smaller apartments.

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More than 35% of the 2012 global household vacuum cleaners market was held by the canister vacuum cleaner segment. This market share at the time was worth US$4.21 billion.

The fastest growing segment, however, is the robotic vacuum cleaners market, due to improvements and innovations in features such as acoustic sensors, automated mapping abilities, self-charging cleaners, and sweeping brushes.

There is a substantial push towards the creation of increasingly compact household vacuum cleaners that are also eco-friendly. This need has been created by increasing costs of electricity and government regulations that are aimed to reduce the noise made by vacuum cleaners.

The report describes the geographical segmentation of the global household vacuum cleaners market, which shows the Asia Pacific region as the largest regional segment. The Asia Pacific region held nearly 30.5% of the 2012 global household vacuum cleaners market.

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Emerging nations such as Brazil, China, and India are beginning to reap the benefits of increasing disposable incomes. This has also boosted sales in the global household vacuum cleaners market. The market?s growth in these countries is expected to be par excellence throughout the report?s forecast period.

The global household vacuum cleaners market is a highly fragmented one. Most of the top global players are currently looking to expand their market in developing regions. They are targeting countries from the regions of Asia Pacific, Latin America, and the Middle East.

Dyson leads the global household vacuum cleaners market in the segment of vacuum cleaners that cost more than US$200. Robotic vacuum cleaners are getting increasing preference in households in developed countries due to their utility in today?s busy lifestyle.

Many households are currently attempting to switch their old vacuum cleaners with new models that are eco-friendly, consume less power, and make less noise.

The key players in the global household vacuum cleaners market as listed and discussed in the report include TTI Floor Care, Bissell, Miele, and iRobot.

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