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. Specialty Household Cleaners Market to Expand at Healthy 6.6% CAGR from 2012 to 2018

Transparency Market Research (TMR) has announced the release of a new market study on the U.S specialty household cleaners market. The report analyzes the drivers and restraints of the market and the impact of these factors on the demand for specialty household cleaners during the forecast period from 2012 to 2018. The report studies the attractiveness of the specialty household cleaners market on the basis of factors such as growth rate and market size in the U.S. According to the report, the specialty household cleaners market, which was valued at USS$5.1 bn in 2011, is projected to reach US$7.9 bn by 2018, exhibiting a CAGR of 6.6% from 2012 to 2018.The report is titled “Specialty Household Cleaners Market - U.S. Industry Analysis, Market Size, Share, Trends And Forecast 2012 - 2018” and can be availed from the company’s website.

The report states that the increasing awareness about hygiene among industries and amongst consumers in the U.S. will boost the specialty household cleaners market in the country. The increasing disposable incomes of consumers in the country and the rising number of working women drive the market. Furthermore, growing concerns among people regarding the spread of infections and diseases will help promote the specialty household cleaners market.

Specialty household cleaners help address the problems of maintaining hygiene and cleanliness in buildings of all varieties. Specialty household cleaners offer convenient cleaning solutions and eliminate the dependency of people on external housekeeping experts. An overall need for clean and hygienic surroundings will thus encourage healthy growth of the specialty household cleaners market in the U.S.

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The specialty household cleaners market rides on customer’s growing demand for innovative, eco-friendly, and chemical-free cleaners. Development of new and innovative products will increase the customer adoption of the products, thus boosting the market. However, the high pricing and health-related concerns regarding chemicals will challenge the specialty household cleaners market in the U.S.

The specialty household cleaners market is segmented on the basis of product and application. On the basis of product type, the market is segmented into toilet bowl cleaners, glass cleaners, auto polishes, hard surface cleaners, and others. Hard surface cleaners accounted for 44% of the specialty household cleaners market in 2011 and are expected to reach a value of US$3.6 bn in 2018, after being valued at US$2.3 bn in 2011.

On the basis of application, the specialty household cleaners market is segmented into bathroom, bedroom, kitchen, floor, and others. Out of these, the bathroom cleaners segment dominated the market in 2011, standing at US$1.8 bn. The bathroom cleaners segment is expected to reach US$2.9 bn by 2018, registering growth at a 6.9% CAGR between 2012 and 2018.

The report profiles several leading companies in the specialty household cleaners market such as: Dwight Co. Inc., Reckitt & Benckiser, SC Johnson and Son Inc., Kao Corporation, Unilever, Henkel KGAA, Procter & Gamble Co., and Church and Clorox Co.

The specialty household cleaners market is segmented as follows:

Product

• Glass cleaners
• Auto polishes
• Hard surface cleaners
• Toilet bowl cleaners
• Others

Application

• Bathroom
• Floor
• Kitchen
• Bedrooms
• Other areas of the house

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.