A $ 22.3 Billion Global Household Vacuum Opportunity by 2026
FACTS AT A GLANCE
Edition: 19; Approved: April 2021
Executive pool: 3854
Companies: 33 – Players covered include AB Electrolux; BISSELL; Dongbu Daewoo Electronics Corporation; Dyson Ltd .; Group SEB; Haier Group; Hitachi Appliances Inc .; iRobot Corporation; Royal Philips NV; LG electronics; Midea Group; Morphy Richards; Neato robotics; Panasonic Corp .; Samsung Electronics Co., Ltd .; Stanley Black & Decker Inc .; Techtronic Industries Co. Ltd .; TTI Floor Care North America; Vax Ltd. and other.
Cover: All major regions and key segments
Segments: Type (upright, canister, robot, drum, wet / dry, central, other types); Sales mode (offline, online)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and rest Europe); Asia Pacific (Australia; India; South Korea; and rest Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest Latin America); middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest middle East); and Africa.
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Reaching Global Household Vacuum Cleaner Market $ 22.3 billion by 2026
In the midst of the COVID-19 crisis, the global market for household vacuum cleaners is estimated at $ 15.5 billion in 2020 is expected to reach a revised size of $ 22.3 billion until 2026 with a CAGR of 6% in the analysis period. Upright, one of the segments analyzed in the report, is expected to have a CAGR and reach of 7% $ 7.2 billion until the end of the analysis period. After a thorough analysis of the business impact of the pandemic and the economic crisis it caused, growth in the Canister segment will be adjusted to a revised CAGR of 6.1% for the next 7 year period.
The US market is estimated at $ 4.5 billion in 2021, while China is expected to reach $ 4.7 billion by 2026
The US domestic vacuum cleaner market is estimated at $ 4.5 billion in 2021. China, the second largest economy in the world, is expected to reach a market size of $ 4.7 billion by 2026 with a CAGR of 9.3% in the analysis period. Other notable geographic markets include Japan and Canada, which will grow by 3.2% and 5.4% respectively over the analysis period. Within Europe, Germany is forecast to grow around 3.8% CAGR.
To achieve robot segment $ 3.8 billion by 2026
In the global robotics segment United States of America, Canada, Japan, China and Europe will drive the estimated CAGR of 6.6% for this segment. These regional markets make a combined market size of $ 1.9 billion in 2020 will reach a projected size of $ 2.9 billion until the end of the analysis period. China will be one of the fastest growing in this cluster of regional markets. More
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