Global Household Vacuum Cleaners Market to Expand At 4.90% CAGR till 2018 Due To High Demand from APAC

The featured report, titled “Household Vacuum Cleaners Market - Global Industry Analysis, Size, Share And Forecasts 2012 - 2018”, from Transparency Market Research (TMR) offers a 360-degree view of the global household vacuum cleaners market. According to the report, the global household vacuum cleaners market will progress at a 4.90% CAGR during the forecast period from 2012 to 2018. In 2012, the global household vacuum cleaners market was estimated at US$11.0 bn and by 2018, the market is projected to be worth US$14.6 bn.

The two key drivers of the global household vacuum cleaners market are the rising disposable income levels and advancement in technology. Rising disposable income is encouraging consumers to invest significantly in advanced home appliances in order to improve their lifestyles. Furthermore, the growing awareness about the benefits of using vacuum cleaners is rapidly encouraging households to invest in appliances that fulfill their cleaning needs. Advancement in technology has led to effective and affordable household vacuum cleaners. This had led to consumers increasingly replacing traditional brooms with advanced household vacuum cleaners and other related equipment.

In addition to this, innovation in the global household vacuum cleaners market will also be fueled by the growing demand for eco-friendly and energy-efficient household vacuum cleaners. Besides in-depth analysis of these key drivers, the study also offers analysis of the key constraints on the global household vacuum cleaners market. It studies the threat of new entrants and from substitutes and the rivalry among existing competitors, which will challenge the growth of the global household vacuum cleaners market.

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Product-wise, the global household vacuum cleaners market is divided into wet/dry vacuum cleaners, drum vacuum cleaners, robotic vacuum cleaners, central vacuum cleaners, canister vacuum cleaners, upright vacuum cleaners, and other vacuum cleaners such as handheld and stick vacuum cleaners. In 2012, the global household vacuum cleaners market was dominated by the segment of canister household vacuum cleaners, which held a 35% share in the global household vacuum cleaners market and is projected to continue its dominance during the forecast period. The robotic household vacuum cleaners segment is projected to enjoy significant growth in the coming few years due to innovations such as acoustic sensors, automated mapping capacities, self-charging cleaners, and sweeping brushes.

According to retail selling price, the global household vacuum cleaners market is segmented into those costing less than US$200 and over US$200. Dyson dominates the segment of household vacuum cleaners costing more than US$200 in the global market.

Region-wise, the global household vacuum cleaners market is classified into Asia Pacific, Europe, North America, and Rest of the World (RoW). Asia Pacific dominated the global household vacuum cleaners market with a 30.5% share in 2012 and will continue to be the market leader during the forecast period. The Asia Pacific household vacuum cleaners market is driven by the rapid urbanization in nations such as Malaysia, China, India, South Korea, and India. In these countries, consumers are increasingly able to afford vacuum cleaners, driving the APAC household vacuum cleaners market.

The Key Players operating in the global household vacuum cleaners market are TTI Floor Care, Dyson, Stanley Black & Decker, Electrolux Group, LG Electronics, Haier Group, Eureka Forbes, Miele, and Panasonic Corporation.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.  

U.S. HEPA Vacuum Filters Market to Exhibit 5.10% CAGR during 2010-2018, Demand from Residential Sector to Propel Growth

According to a market research report published by Transparency Market Research, the U.S. HEPA vacuum filters market is expected to expand at a CAGR of 5.10% during the period between 2010 and 2018. The report, titled “U.S. HEPA Vacuum Filters Market : United States Industry Analysis, Size, Share And Forecast, 2010 - 2018,” projects the U.S. HEPA vacuum filters market to reach a valuation of US$621.3 mn by 2018. The overall market was worth US$484.0 mn in 2013. In terms of volume, the U.S. HEPA vacuum filters market is expected to reach 31.88 kilo tons of filtration media by 2018.

High-efficiency particulate arresting vacuum filter, better known as HEPA vacuum filter, refers to a type of mechanical air filter that forces air through a fine mesh, thereby trapping harmful particles such as pet dander, dust mites, pollen, and tobacco smoke. According to the American Thoracic Society, HEPA filters are highly useful in trapping tiny particles that can be inhaled by humans. The rapidly rising air pollution has necessitated the usage of HEPA vacuum filters across homes and workplaces to prevent various airborne diseases.

The report points out that the growing prevalence of asthma and allergies in the U.S. has propelled the growth of the HEPA vacuum filters market in the country. According to the Asthma and Allergy Foundation of America (AAFA), asthma is ranked as the fifth leading allergic disorder in the United States. The growing awareness about airborne infections and support from various regulatory bodies regarding the usage of HEPA filters have also augmented the market growth. The enforcement of stringent standards within various industries such as aircraft and automobile will drive the market during the forecast horizon. The affordable pricing of HEPA vacuum filters will further increase their demand in the near future. The overall market has a huge opportunity to grow with the advancements of technology. The report assesses the impact of Porter’s five forces on the growth of the U.S. HEPA vacuum filters market.

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In terms of application, the U.S. HEPA vacuum filters market has been segmented into residential, commercial, electronics, power, metals, and others. In 2011, the residential sector accounted for 21.0% of the market. During the forecast horizon, the segment is anticipated to expand at a CAGR of 5.50% to reach a valuation of US$134.4 mn by 2018.

Describing the competitive landscape, the report profiles some of the key players in the U.S. HEPA vacuum filters market such as Filtrauto S.A., 3M, and Pall Corporation. The report provides insightful information about the key players including their product segmentation, business strategy, and financial overview. Using SWOT analysis, the report analyzes the various growth opportunities for the market players during the forecast horizon. Currently, 3M dominates the U.S. market for HEPA vacuum filters. The company held 47.60% of the market in 2013.

About Us :

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.