Offline Segment to Dominate South and Central America Household Vacuum Cleaners Market during 2021-2028

According to a new market research study on “South and Central America Household Vacuum Cleaners Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Product, Type, Distribution Channel and Country,” is expected to reach US$ 3,046.10 million by 2028 from US$ 2,444.62 million in 2021. The market is estimated to grow at a CAGR of 3.2% from 2021 to 2028. The report provides trends prevailing in the South and Central America household vacuum cleaners market along with the drivers and restraints pertaining to the market growth. Rapid Increase in working population and shift in the preference towards vacuum cleaners for maintaining hygiene are major factors driving the growth of the South and Central America household vacuum cleaners market. However, huge investments on electricity and maintenance costs of vacuum cleaners hinder the growth of South and Central America household vacuum cleaners market.

Brazil reported the highest number of COVID-19 confirmed cases in South America and Central America, followed by Argentina, Peru, Chile, and Ecuador. The government of South America and Central America has taken an array of actions to protect their citizens and contain the spread of novel coronavirus. It is anticipated that South America and Central America will face lower export revenues in coming months, both from the drop in commodity prices and reduction in export volumes—especially to China, Europe, and the US, which are important trade partners. Containment measures in several countries of South America and Central America would reduce economic activities in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.

The market for South and Central America household vacuum cleaners is segmented into product, type, distribution channel and country. Based on product, the market is segmented into upright, stick, canister, robotic, handheld, and others. The robotic segment is expected to be the fastest growing segment over the forecast period. Based on type, the South and Central America household vacuum cleaners is divided into corded and cordless. In 2020, the corded segment held the largest share in South and Central America household vacuum cleaners market.  Based on distribution channel, the market is bifurcated into offline and online. The online segment is expected to be the fastest growing segment over the forecast period. Based on country, the South and Central America household vacuum cleaners is divided into Brazil, Argentina and Rest of South and Central America. In 2020, the Brazil held the largest share in South and Central America household vacuum cleaners market.  Furthermore, in this present scenario of COVID 19 pandemic, the South and Central America household vacuum cleaners market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the South and Central America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for household vacuum cleaners.

Bissel Inc.; Electrolux; Koninklijke Philips N.V.; Stanley Black & Decker, Inc.; Haier Group; Dyson Limited; Groupe SEB; and Miele are some of the leading companies in the South and Central America household vacuum cleaners market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

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