Portable Vacuum Cleaner Market Growth and Insights by 2031
- A portable vacuum cleaner is an electronic device used to swoop up dirt and dust from every corner of residential and non-residential premises. It is also used in cleaning of cars, pet houses, and shades, among others.
- Key players operating in the market are emphasizing on the development of advanced cleaning solutions through pneumatic or vacuum technology as these are found to be fairly easy to use and cost effective. This is encouraging the growth of the portable vacuum cleaner market.
Rising Demand for Portable Vacuum Cleaners: A Key Driver
- Increasing disposable income of consumers coupled with rising urbanization and consumer awareness about cost-effective cleaning solutions is contributing to the growth of the portable vacuum cleaner market. Key players introducing their innovative products through smart technology are gaining attraction among consumers, encouraging them to opt for portable vacuum cleaners in the last few years. In addition, portable vacuum cleaners are gaining demand as a cleaning solution in residential and non-residential premises, which also drives the growth of the market.
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Presence of Alternative Solutions: A Key Restraint
- Worldwide acceptance of several cleaning solutions may restrain the growth of the portable vacuum cleaner market. Key players are continuously focusing on developing corded or hybrid vacuum cleaners across the globe which may be a major challenge for the growth of the portable vacuum cleaner market. In addition, fluctuations in the supply and pricing of raw materials required to manufacture portable vacuum cleaner products may also hinder the growth of the market. However, key players are emphasizing on developing innovative cleaning solutions made from eco-friendly energy sources such as solar or gas, which is likely to act as opportunity for the growth of the portable vacuum cleaner market.
Asia Pacific a Potential Market for Portable Vacuum Cleaners
- The global portable vacuum cleaner market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
- North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the portable vacuum cleaner market in Europe includes the U.K., Germany, France, and Rest of Europe. Similarly, the market in Asia Pacific comprises India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes GCC, South Africa, and Rest of Middle East & Africa. The portable vacuum cleaner market in South America has been segmented into Brazil and Rest of South America.
- Asia Pacific is expected to remain a potential market for the growth of portable vacuum cleaners during the forecast period, owing to strong presence of the cleaning industry and the continuous requirement for cleaning products in the region.
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Key Players Operating in the Global Portable Vacuum Cleaner Market
The global portable vacuum cleaner market is moderately fragmented in nature, due to presence of several regional and global players. Key players adopt new product development, acquisitions, mergers, and agreements as their key development strategy to remain competitive and enhance their customer base in the market.
A few of the key players operating in the global portable vacuum cleaner market are as follows:
- Dyson
- Ecovacs
- Electrolux AB
- iRobot Corporation
- Koninklijke Philips N.V.
- Nilfisk Group
- Panasonic Corporation
- Robert Bosch Power Tools GmbH
- Stanley Black & Decker, Inc.
- The Hoover Company
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