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Household Vacuum Cleaners Market Share

  • Report ID: GMI709
  • Published Date: Feb 2020
  • Report Format: PDF
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Household Vacuum Cleaners Market Share

Companies partaking in the household vacuum cleaners market share are focusing on developing new solutions to enhance their product portfolio and expand their global presence. For instance, in 2019, Haier announced the launch of its new platinum series household vacuum cleaners, equipped with a multifunctional charging post. These vacuum cleaners can be used as air purifiers while charging.

 

Major companies in this market are adopting several strategies, such as research and development, partnerships & collaborations, and mergers & acquisitions, to expand their business operations. For instance, in June 2018, CDH announced the acquisition of SharkNinja to expand its product portfolio and to strengthen its R&D capabilities. Moreover, this aided the company to enhance its market share in 2018.

 

Some of the key players operating in the market are :

  • Black + Decker
  • Bissell
  • Electrolux Group
  • Eureka Forbes Ltd
  • Haier Group
  • iRobot
  • LG Electronics
  • Miele
  • Panasonic
  • Philips
  • Robert Bosch
  • Samsung Electronics
  • TTI Floor Care
  • Toshiba
Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of household vacuum cleaners exceeded USD 20 billion in 2019.

The industry share of household vacuum cleaners to grow at a CAGR of over 6.5% between 2020 and 2026.

According to the forecast report by GMI, the global industry shipments are expected to reach 130 million units by 2026.

The increasing construction spending on modular homes in Asia Pacific countries including India, China, and Japan is expected to augment the regional market outlook.

Some of the key players operating in the market are Black + Decker, Bissell., Electrolux Group, Eureka Forbes Ltd, Haier Group, iRobot, LG Electronics, Miele, Panasonic, Philips, Robert Bosch, Samsung Electronics, TTI Floor Care, and Toshiba.

The online sales channel segment held over 35% revenue share in 2019. The companies operating in the market are offering a wide product range through online sales channels to enhance their customer base globally.

Household Vacuum Cleaners Market Scope

  • Household Vacuum Cleaners Market Size
  • Household Vacuum Cleaners Market Analysis
  • Household Vacuum Cleaners Market Share

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    Premium Report Details

    • Base Year: 2019
    • Companies covered: 16
    • Tables & Figures: 250
    • Countries covered: 15
    • Pages: 204
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