Vacuum Cleaner Market Size Worth $20.66 Billion By 2028 | CAGR: 9.6%: Grand View Research, Inc.
Read 187 page research report with ToC on "Vacuum Cleaner Market Size, Share & Trends Analysis Report By Product (Canister, Central, Drum, Robotic, Upright, Wet & Dry), By Distribution Channel, By Application, By Region, And Segment Forecasts, 2021 - 2028" at:https://www.grandviewresearch.com/industry-analysis/vacuum-cleaner-market
The COVID-19 lockdowns and related travel restrictions have restricted access to housekeeping services. The increased struggle to manage all household chores while maintaining high cleanliness and hygiene standards is driving the demand for household appliances such as vacuum cleaners. To put this into perspective, Panasonic India has seen a growth of 20% in the sales of vacuum cleaners compared to pre-COVID times. Eureka Forbes Ltd. also witnessed strong demand for vacuum cleaners amidst the pandemic in India.
Government initiatives such as 'Swachh Bharat Mission' and 100% FDI in India have further fueled the growth of the regional market. Automatic vacuum cleaners and sweepers play a key role in maintaining public health in commercial places. Several state governments in India have adopted road sweeping machines that work like vacuum cleaners to clean the roads. In 2019, Anker Innovations, a Chinese electronics company, entered the Indian market under the FDI scheme with its Eufy range of robot vacuum cleaners and experienced positive growth in 2020.
The market growth is influenced by strong and well-established distribution channels and diversification of manufacturing and supply chain capabilities. For instance, in January 2020, iRobot Corporation expanded its manufacturing facilities in Malaysia to serve the growing demand for household vacuum cleaners in developing countries. In 2018, Snow Joe, LLC leased a Class A distribution center in New Jersey to expand its regional footprint and cater to the demand in the state. The online distribution channel has also gained momentum in recent years and companies are emphasizing the direct-to-consumer sales channel. In 2020, Nilfisk Group launched an e-commerce platform to provide a seamless and improved digital customer experience to its customers. iRobot Corp. is also investing a significant amount in strengthening its direct-to-consumer sales channel infrastructure.
Grand View Research has segmented the global vacuum cleaner market based on product, distribution channel, application, and region:
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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