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.
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.
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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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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
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