Market Introduction
The Asia Pacific household vacuum cleaners market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The presence of major manufacturing companies such as Eureka Forbes, Haier, Dyson, and Koninklijke Philips N.V bolsters the growth of the household vacuum cleaners market in Asia Pacific. In 2019, Philips introduced the latest floor care innovation, the Philips SpeedPro Max Aqua, in Singapore. This innovation eliminated the need to switch between vacuum and mop for uninterrupted 3-in-1 cleaning. The Philips SpeedPro Max Aqua uses innovative technology to deliver a powerful cleaning experience with an enhanced speed and efficient airflow. Thus, due to the changing lifestyle of the consumers, rapidly growing urbanization, and increasing disposable income along with the presence of major manufacturers are accelerating the growth of the household vacuum cleaners in Asia Pacific.
Asia Pacific, especially India, witnessed an unprecedented rise in number of coronavirus cases, which led to the downfall of household vacuum cleaners manufacturing activities during the early years of 2020. However, the COVID-19 outbreak has emphasized the significance of cleanliness and hygiene practices among the populace. Cleaning of the floors has become essential. Vacuuming can significantly lessen the amount of virus by capturing and retaining debris, dust, and other particles. This factor is anticipated to bolster the demand for household vacuum cleaners in Asia Pacific in coming years.
Market Overview and Dynamics
The household vacuum cleaners market in Asia Pacific is expected to grow from US$ 24,965.21 million in 2021 to US$ 37,675.92 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028. Cleaning houses manually has been a conventional method of maintaining hygiene and cleanliness at home. However, houses can be cleaned more effectively and in much less time with the help of household vacuum cleaners, compared to traditional ways of cleaning. However, the need for vacuum cleaners in the household is not just limited to cleaning, nowadays, as the devices are also being considered to keep the environment germ-free. Vacuum cleaners not only provide better and more effective means of cleaning floors but also purify the air. Companies are investing in R&D to introduce new household vacuum cleaners with advanced motor technologies to further enhance the machine's energy-efficiency and performance. For instance, in September 2019, Miele announced its new cordless household vacuum cleaner with built-in high-efficiency particulate absorbing (HEPA) filters. The HEPA filters significantly enhance indoor air quality and reduce the chances of allergies and asthma by preventing the release of pollutants in air. As a result, the growing preference for household vacuum cleaners for maintaining hygiene is propelling the market growth.
Key Market Segments
Based on product, the canister segment accounted for the largest share of the Asia Pacific household vacuum cleaners market in 2020. Based on type, the corded segment accounted for the largest share of the Asia Pacific household vacuum cleaners market in 2020. Based on distribution channel, the offline segment accounted for the largest share of the Asia Pacific household vacuum cleaners market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Asia Pacific household vacuum cleaners market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Bissel Inc.; Electrolux; Koninklijke Philips N.V.; Stanley Black & Decker, Inc.; Haier Group; Dyson Limited; Eureka Forbes; Groupe SEB; and Miele.
Reasons to buy report
Asia Pacific Household Vacuum Cleaners Market Segmentation
Asia Pacific Household Vacuum Cleaners Market -By Product
Asia Pacific Household Vacuum Cleaners Market -By Type
Asia Pacific Household Vacuum Cleaners Market -By Distribution Channel
Asia Pacific Household Vacuum Cleaners Market – By Country
Asia Pacific Household vacuum cleaners Market – Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 24,965.21 Million |
| Market Size by 2028 | US$ 37,675.92 Million |
| CAGR (2021 - 2028) | 6.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Household Vacuum Cleaners Market is valued at US$ 24,965.21 Million in 2021, it is projected to reach US$ 37,675.92 Million by 2028.
As per our report Asia Pacific Household Vacuum Cleaners Market, the market size is valued at US$ 24,965.21 Million in 2021, projecting it to reach US$ 37,675.92 Million by 2028. This translates to a CAGR of approximately 6.1% during the forecast period.
The Asia Pacific Household Vacuum Cleaners Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Household Vacuum Cleaners Market report:
The Asia Pacific Household Vacuum Cleaners Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Household Vacuum Cleaners Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Household Vacuum Cleaners Market value chain can benefit from the information contained in a comprehensive market report.
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