APAC and Europe market for Vacuum Cleaners is forecast to reach US$3129.65 million and US$5138.91 million by 2022, driven by growing emphasis on managing indoor air pollution.
World population is increasing rapidly, a trend that translates into potential growth in demand for household vacuum cleaners, which are electrical devices that create partial vacuum in order to suck dirt and dust from floors and surfaces. Demand for household vacuum cleaner globally can be closely correlated with the increase in population. Growing global population and the ensuing rise in urban settlements brings to fore the need for effective cleaning solutions. Technologically advanced household vacuum cleaners are being perceived as the most convenient and efficient means to obtain desired cleaning results in an era of busy and rapidly changing consumer lifestyles. Growth in the global population is more skewed towards emerging markets, with Asia alone accounting for a majority of the addition. As a result growth remains tilted heavily in favor of emerging regions.
The market for vacuum cleaners is more globalized, as compared to laundry and kitchen appliances. A large number of vacuum cleaners available in the market today are manufactured in low-cost developing nations. Growing affluence of the middle-class population is a major factor encouraging people to invest in advanced home appliances to upgrade their lifestyles. Rising awareness regarding benefits of using vacuum cleaners is influencing households to purchase advanced vacuum cleaners to meet their routine cleaning needs.
To withstand competition and price sensitivity of cost wary consumers, manufacturers are focusing on developing low cost yet technologically advanced vacuum cleaning solutions. Especially poised to gain are vacuum cleaners that make use of high efficient^ particulate air (HEPA} filtration technology. Vacuum cleaners equipped with standard filters spread dirt and dust in air and are also incapable of trapping fine particles such as pet dander or pollen. Vacuum cleaners fitted with HEPA filters, on the other hand, provide compact and effective cleaning. Shift to bag less vacuum cleaning devices is another noteworthy trend in the market. Consumers are also seeking robotic vacuum cleaners that can automatically perform cleaning tasks with higher efficient and in lesser time.
Europe represents the largest market worldwide in terms of dollar sales. Asia-Pacific ranks as the largest and the fastest growing market in terms of unit sales. APAC region is projected to grow at a compounded annual rate of 3.74% in terms of value respectively, driven by rising standards of living, increasing disposable income, growing emphasis on hygiene and increasing need for efficient and quick cleaning solutions.
The Asia-Pacific Vacuum Cleaners Market Report 2018 report released by QYResearch provides a basic overview of the Vacuum Cleaners industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Vacuum Cleaners industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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