Bagless Vacuum Cleaner Market is estimated to be US$ 30.26 billion by 2030 with a CAGR of 8.5% during the forecast period
Bagless Vacuum Cleaners have become relatively common in past few years. A bagless vacuum cleaning is a compact machine which uses a chamber or dust cup to store dirt and dust. The dust chamber used in the vacuum cleaner can be easily cleaned and emptied. Bagless vacuum cleaners has wide applications across residential as well as commercial spaces due to its cleaning features, thus is expected to witness significant surge in demand across the globe. Additionally, stringent regulations laid by regulatory bodies, such as NFPA (National Fire Protection Association) and OSHA (Occupational Safety and Health Administration) regarding healthy atmosphere in indoors including commercial buildings, home, and public entertainment spaces have led to significant adoption of advanced cleaning systems, subsequently providing growth prospects for bagless vacuum cleaners market.
The report "Global Bagless Vacuum Cleaner Market, By Type (Cord Vacuum Cleaner and Cordless Vacuum Cleaner), By Application (Residential, Offices, Restaurants, Hotels and Resorts, Supermarkets, Hospitals, and Industrial), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030.
Key Highlights:
· Eureka Forbes has developed Euroclean WD X2 Vacuum Cleaner. This cleaner is built with the ability to clean both wet and dry surfaces. It is manufactured with an improved suction and state-of-art Swiss design. On-board storage, wide range of accessories and advanced technology make it a great combination of performance and value.
· On December 2019, Bissell launched new BISSELL CrossWave Cordless Max multi-surface floor cleaner vacuums and washes together, cleaning sealed hard floors and refreshing area rugs, and is now cordless, giving a greater cleaning freedom and more time to deck the halls.
Analyst View:
Currently, there has been rise in the online sale of household appliances on account of its comfort, convenience, and variety offered. Furthermore, customers are adopted towards e-commerce due to availability of products at competitive prices. Nowadays, the online sale of vacuum cleaners is moderate. However, its share is projected to increase in the future due to the improvement in consumer shopping experience through e-commerce.
Launch of innovative products in the global bagless vacuum cleaner market such as eco-friendly and energy-efficient vacuum cleaners is expected to boost growth of the market over the forecast period. Further, rising awareness about advantages of vacuum cleaners among consumers such as time efficiency, convenience has been gaining demand for the product worldwide. Additionally, growing adoption of advanced vacuum cleaner in various industries, such as retail, manufacturing, healthcare, and consumer, to maintain protection against hazardous dust and hygiene is expected further boosting demand for vacuum cleaner in the global over the forecast period.
Key Market Insights from the report:
The Bagless Vacuum Cleaner Market accounted for US$ 13.4 billion in 2020 and is estimated to be US$ 30.26 billion by 2030 and is anticipated to register a CAGR of 8.5%. The market report has been segmented on the basis of type, application, and region.
· By type, the target market is segmented into cord vacuum cleaner and cordless vacuum cleaner
· By application, the target market is classified into residential, offices, restaurants, hotels and resorts, supermarkets, hospitals, and industrial. Residential application segment dominated the global market owing to growth in urban population and improved standards of living in developing economies.
· By region, Asia-pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as India and China, and technological advancements. Moreover, rising presence of industrial corridor is anticipated to increase demand for bagless vacuum cleaner in the region.
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Competitive Landscape:
The prominent player operating in the global bagless vacuum cleaner market includes Electrolux AB, TTI Floor Care, Haier Group, Eureka Forbes, Panasonic Corporation, Shark Ninja (Euro-Pro), Miele, Bissell, Nilfisk, and Philips.
The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.
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