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Global Household Vacuum Cleaners Market to Reach US$14.6 bn by 2018, Propelled by Developments in HEPA Filtration Technology - Transparency Market Research

Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- The global household vacuum cleaners market has seen considerable development in the recent past due to the introduction of the latest vacuum cleaner technology by leading players. The traditional brooms are now taken over by advanced household vacuum cleaners and other such equipment. The global household vacuum cleaners market is segmented on the basis of geography, product type, and retail selling price. Increasing disposable incomes and growing encouragement to creating eco-friendly and energy-efficient vacuum cleaners are some of the major reasons of rapid development of the global household vacuum cleaners market.

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By product type, the global household vacuum cleaners market is divided into canister vacuum cleaners, upright, central, robotic, drum, wet/dry, and other vacuum cleaners such as handheld and stick operated. In 2012, the global household vacuum cleaners market was led by the canister household vacuum cleaner segment, which held a 35% market share. This segment was valued at US$4.21 bn in 2012 and is expected to maintain its dominant position by 2018. However, the robotic household vacuum cleaner segment is expected to be the fastest growing segment till 2018. Innovations such as automated mapping capacities, acoustic sensors, sweeping brushes, and self-charging cleaners will drive the robotic household vacuum cleaners segment during the forecast period.

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Leading companies in the global household vacuum cleaners market are constantly taking efforts to introduce eco-friendly house vacuum cleaners that are compact as well as easy to operate. Some of the leading players in the global household vacuum cleaners market are TTI Floor Care, Miele, and Bissell. Geographically, the global household vacuum cleaners market is divided into regions such as North America, Asia Pacific, Europe, and Rest of the World. The Asia Pacific regional market was the largest segment of the global market in 2012. The Asia Pacific household vacuum cleaners market held a 30.50% market share in 2012 and is expected to remain a market leader till and beyond 2018. The spread of urbanization in countries such as India, China, South Korea, Indonesia, and Malaysia and the consequent rise in the number of people requiring and being able to afford vacuum cleaners is beneficial for the APAC household vacuum cleaners market.

By retail selling price, the global household vacuum cleaners market is divided into vacuum cleaners sold at a price less than US$200 and more than US$200. In the segment of vacuum cleaners costing more than US$200, Dyson dominates the global household vacuum cleaners market. Considering their features and ease of use, most families are attempting to replace their old brooms and vacuum cleaners with new eco-friendly vacuum cleaners. As new household vacuum cleaners consume less power and hardly make any noise, their demand is increasing rapidly across the globe. Developments in the technology of household vacuum cleaners will drive the global household vacuum cleaners market during the forecast period.

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Key segments of Global Household Vacuum Cleaners Market

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

Europe

Asia-Pacific

Rest of the World

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Source:Transparency Market Research