Asia Pacific Household Vacuum Cleaners Market is expected to reach US$ 37,675.92 Million by 2028


PRESS RELEASE BY The Insight Partners 06 Sep 2021

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Canister Segment to Dominate Asia Pacific Household Vacuum Cleaners Market during 2021-2028

According to The Insight Partners market research study on “Asia Pacific Household Vacuum Cleaners Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Product, Type, Distribution Channel and Country,” is expected to reach US$ 37,675.92 million by 2028 from US$ 24,965.21 million in 2021. The market is estimated to grow at a CAGR of 6.1% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific household vacuum cleaners market along with the drivers and restraints pertaining to the market growth. Growth in the number of working population and rising preference for vacuum cleaners for hygiene maintenance are major factors driving the growth of the Asia Pacific household vacuum cleaners market. However, the increments in the spending on electricity and maintenance costs of vacuum cleaners hinder the growth of Asia Pacific household vacuum cleaners market.

Asia Pacific, especially India, witnessed an unprecedented rise in number of coronavirus cases, which led to the downfall of household vacuum cleaners manufacturing activities during the early years of 2020. However, the COVID-19 outbreak has emphasized the significance of cleanliness and hygiene practices among the populace. Cleaning of the floors has become essential. Vacuuming can significantly lessen the amount of virus by capturing and retaining debris, dust, and other particles. This factor is anticipated to bolster the demand for household vacuum cleaners in Asia Pacific in coming years.

The market for Asia Pacific household vacuum cleaners is segmented into product, type, distribution channel and country. Based on product, the market is segmented into upright, stick, canister, robotic, handheld, and others. In 2020, the canister segment held the largest share in Asia Pacific household vacuum cleaners market. Based on type, the Asia Pacific household vacuum cleaners market is divided into corded and cordless. The cordless segment is expected to be the fastest growing segment over the forecast period.  Based on distribution channel, the market is bifurcated into offline and online. In 2020, the offline segment held the largest share in Asia Pacific household vacuum cleaners market. Based on country, the Asia Pacific household vacuum cleaners market is divided into Australia, China, India, Japan, South Korea and rest of Asia Pacific. China is expected to be the fastest growing country over the forecast period.  Furthermore, in this present scenario of COVID 19 pandemic, the Asia Pacific household vacuum cleaners market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Asia Pacific countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for household vacuum cleaners.

Bissel Inc., Electrolux, Koninklijke Philips N.V., Stanley Black & Decker, Inc., Haier Group, Dyson Limited, Eureka Forbes, Groupe SEB, and Miele are some of the leading companies in the Asia Pacific household vacuum cleaners market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

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