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Global Vacuum Cleaner Market to Reach USD 16.7 Billion by 2025, Growing with a CAGR of 9.1%

Strategic Insights

— 2 min read

The global vacuum cleaner market is projected to reach USD 16.7 billion by 2025, growing with a compound annual growth rate (CAGR) of 9.1% during the forecast period from 2019 to 2025. The market is driven by rapidly changing lifestyles among millennials and the rising demand for smart devices, according to a new report by Million Insights. The report suggests that the emergence of new technology, such as IoT-enabled devices, is also having a positive impact on the market growth.

Key Takeaways:

  • The global vacuum cleaner market size is projected to reach USD 16.7 billion by 2025 and expected to grow with a CAGR of 9.1% during the forecast period, from 2019 to 2025.
  • The introduction of canister vacuum cleaner along with the HEPA filter, which is able to clean the smallest dirt and dust particles and reduces the risk of pulmonary side effects like asthma and allergies, is anticipated to open new avenues for market growth in the next few years.
  • Constant technological development has resulted in developing cordless, intelligent, and energy-efficient cleaning equipment.
  • The introduction of advanced robotic cleaning machines that are equipped with an automatic charging function is projected to have a positive impact on market growth.
  • The emergence of smart vacuum cleaner along with voice assistance system and collision avoidance system that supports Amazon Alexa and Google Home is another key factor projected to propel the vacuum cleaners market growth during the forecast period.
  • In vacuum cleaner, canisters associated with several features and advantages like bag less dirt cup, and micro particle filter along with HEPA 12 filter held the largest market share, in 2018.
  • The online distribution channel is projected to grow with the fastest CAGR of more than 9.0% over the forecast period, driven by rising popularity of e-commerce portals and advertisement over social media platforms.
  • The residential segment is anticipated to grow with the fastest CAGR due to the emergence of cordless, lightweight, and compact cleaning equipment.
  • North America is projected to retain its leading position throughout the forecast period, with growing adoption of vacuum cleaner in restaurants, hospitals, and hotels for cleaning purposes.
  • Major players operating in this market include Alfred Kärcher GmbH & Co. KG, Haier Group Corporation, Koninklijke Philips N.V., Nilfisk Group, iRobot Corporation, and Bissell.

Statistics:

  • Global vacuum cleaner market size: projected to reach USD 16.7 billion by 2025 (Million Insights)
  • CAGR: 9.1% during the forecast period, from 2019 to 2025 (Million Insights)
  • Canister vacuum cleaner market share: held the largest market share in 2018 (Million Insights)
  • Online distribution channel CAGR: projected to grow with the fastest CAGR of more than 9.0% over the forecast period (Million Insights)
  • Residential segment CAGR: anticipated to grow with the fastest CAGR due to the emergence of cordless, lightweight, and compact cleaning equipment (Million Insights)

Sources:

  • Million Insights - Global Vacuum Cleaner Market Report
  • Million Insights - Industry Reports (Global Vacuum Cleaner Market)
  • Million Insights - Harmonic Filter Market (Global Market Size and Growth Rate, 2017-2025)
  • Million Insights - Unified Communications Market (Global Market Size and Growth Rate, 2018-2025)

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