Tuesday, 12 August 2014

Household Vacuum Cleaners Market: CAGR of 4.9% by 2018

Worldwide household vacuum cleaners market is primarily driven by growing concerns towards hygiene and rise in living standards. There are different types of vacuum cleaners used depending on the surface to be cleaned. Developments in the vacuum cleaning technology and improvement in the efficiency of the vacuum cleaners is expected to increase the demand for household vacuum cleaners in coming years.

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household vacuum cleaners market is expected to reach USD 14.60 billion by 2018, growing at a CAGR of 4.9% from 2012 to 2018. Increasing awareness about the benefits of using vacuum cleaners particularly in the Asia-Pacific market is primarily driving the demand for household vacuum cleaners. In addition, the market growth is expected to accelerate due to rising household disposable incomes, advent of eco-friendly and energy-efficient vacuum cleaners and smaller sized apartments.

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The report titled “Household Vacuum Cleaners Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018,” provides in depth analysis, market size estimates, market shares and forecast covering the period 2012 – 2018 for the household vacuum cleaners market across the globe.

The market is analyzed based on types of vacuum cleaners and regional markets. Product analysis concludes that canister vacuum cleaner is the largest segment and robotic vacuum cleaner is the fastest growing segment. The value for different household vacuum cleaners is also estimated on the basis of retail selling price. Value chain analysis identifies the role of each participant throughout the manufacturing process. Porter’s five forces analysis gives an idea about the degree of competition across the value chain. The study also highlights key opportunity areas with market drivers and restraints. Trends prevalent in the household vacuum cleaners market have been identified and explained.

Detailed profiles of key players in household vacuum cleaners market are a part of the study with a focus on recent developments and key strategies adopted by them. These profiles will help suppliers, subcontractors, manufacturers, designers and distributors of household vacuum cleaners in tactical decision making and in formulating strategies.

The global household vacuum cleaners market is segmented by product type into upright vacuum cleaners, canister vacuum cleaners, central vacuum cleaners, robotic vacuum cleaners, drum vacuum cleaners, wet/dry vacuum cleaners and others (handheld, stick etc). According to retail selling price, these products are further segmented into retail selling price less than USD 200 and more than USD 200. The market is also segmented by major regions namely Asia-Pacific, North America, Europe and Rest of the World.

By product type
Upright vacuum cleaners
Canister vacuum cleaners
Central vacuum cleaners
Robotic vacuum cleaners
Drum vacuum cleaners
Wet/dry vacuum cleaners
Other vacuum cleaners (Handheld, stick etc)

By retail selling price
Price less than USD 200
Price more than USD 200

By geography
North America
Rest of the World

Source - MarketResearchReports.Biz

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