Vacuum Cleaner Market 2030: What Will Be Changes In Investment Ratio With Opportunity Analysis??Posted by Mrudula Anil Karmarkar on October 13th, 2023 The global vacuum cleaner market size is expected to reach USD 26.44 billion by 2030, registering a CAGR of 9.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing per capita income in developing countries is one of the key factors leading to the increased consumer demand for advanced vacuum cleaners. Moreover, the COVID-19 pandemic has made people pay more attention to cleanliness and hygiene in order to maintain a sense of safety in private and public spaces. This is estimated to drive market growth over the next few years. For instance, in November 2021, Kent RO Systems Ltd. launched a zoom vacuum cleaner with a bagless and cordless design. The vacuum cleaner has cyclonic technology with a 130W suction motor to properly clean all the dirt and dust. Further, it also has a HEPA filter to prevent air pollution and maintain hygiene and clean surroundings. COVID-19 lockdowns and related travel restrictions have restricted access to housekeeping services. The increased struggle to manage all household chores while maintaining high cleanliness and hygiene standards is driving the demand for household appliances such as vacuum cleaners. For instance, in June 2021, Dyson, a Singapore-based technology company, unveiled its “omni-glide” cord-free vacuum in the Indian market due to the absence of domestic help during COVID-19. The device has an omnidirectional fluffy cleaner that can move in all directions and a five-stage filtration technology to collect dust particles as small as 0.3 microns. The additional features of omni-glide include a washable bin, battery with a run time of 20 minutes, an ejection mechanism, and a two-counter rotating brush. Government initiatives such as ‘Swachh Bharat Mission’ and 100% FDI in India have further fueled the growth of the regional market. Automatic vacuum cleaners and sweepers play a key role in maintaining public health in commercial places. Several state governments in India have adopted road sweeping machines that work like vacuum cleaners to clean the roads. For instance, in April 2021, CSIR- Central Mechanical Engineering Research Institute in India where the researchers designed a sweeping vacuum machine that collects wastewater from the drain and cleans the streets. This machine is designed to maintain the hygiene and cleanliness of Indian roads. In addition, the market growth is influenced by the strong and well-established distribution channels and diversification of manufacturing and supply chain capabilities. The online distribution channel has also gained momentum in recent years and companies are emphasizing the direct-to-consumer sales channel. For instance, in July 2021, realme, a Chinese smartphone company, launched its tech-life vacuum cleaner robot with a LiDAR system on its global online store for an improved digital experience for its customers. Further, the company is investing in strengthening its direct-to-consumer sales channel, and it would also build a long-term relationship directly with customers. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/vacuum-cleaner-market/request/rs1 Reduction in the time left for doing household chores due to the Work from Home (WFH) model is one of the key factors driving the demand for vacuum cleaners in the residential sector. Changing lifestyles, high disposable incomes, a growing working population, rising purchasing power, and ease of usage are other significant factors catalyzing the market's growth worldwide. Vacuum Cleaner Market Report Highlights
The emergence of robotic vacuum cleaners, which can clean an area without human intervention, is also expected to work in the market’s favor, driving market growth. For instance, in April 2022, Xiaomi launched a new sweeping robotic vacuum named Mijia, which helps deep clean and remove tough stains without human intervention. The device controls through Xiao AI voice commands or the Mijia app. With the help of this app, the user can connect the robot vacuum to other smart home devices. Modern-day vacuum cleaners serve as a time-efficient and convenient solution to most cleaning tasks. The demand for all-sized innovative cleaning devices is soaring, encouraging manufacturers to develop products featuring the latest technology. For instance, in February 2022, Travelodge, U.K.’s largest hotel brand, partnered with Killis, a cleaning equipment manufacturer, to introduce an innovative robot vacuum cleaner, “robovac buddy,” in their hotel. The robot has advanced features and the latest technology inbuilt, which would help the housekeeping team to clean the room thoroughly, including under the bed, public spaces, hotel hallways, and bar cafes. Besides, in September 2021, realme, a Chinese smartphone company, launched two new smart technology vacuum robots, “realme tech-life robot vacuum” and “realme tech-life handheld vacuum.” Both devices have advanced cleaning features with a LiDAR navigation system for effectively cleaning and mapping the floor. They can also be connected to Alexa or Google Assistant and are voice-controlled. Moreover, companies are focusing on elevating the cleaning experience through digital capabilities with personalized recommendations and smartphone app-based cleaning solutions. An exponential rise in demand for vacuum cleaners was observed in both the residential and commercial sectors in 2020, primarily owing to the increased demand to maintain hygiene in hospitals and homes amid a surge in COVID-19 cases. Several companies have reported an increase in revenues in these sectors, whereas the demand for vacuum cleaners in the industrial sector witnessed a decline owing to the closure of industrial units globally. List of Key Players in Vacuum Cleaner Market
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