Household Vacuum Cleaners: A Global Strategic Business Report
San Jose, California (PRWEB) June 02, 2014
Follow us on LinkedIn – In this era of electronic home appliances, household vacuum cleaners represent indispensable and essential tools for maintaining clean homes. Growing consumer awareness over the importance of indoor air quality, and rising incidence of asthma are key factors driving sales of vacuum cleaners. Especially poised to gain are vacuum cleaners with efficient filters that help remove dirt, dust and contaminants from indoor air. Expanding middle class population with high disposable incomes represents a major trend that supports demand in the market. Increasing number of dual income households, growing emphasis on hygiene, hectic lifestyles, time constraints and shortage of domestic help, are factors driving demand for innovative and advanced household vacuum cleaners. Production of vacuum cleaners is concentrated in low-cost developing nations. Developing countries are forecast to drive growth in the market supported by rising GDP rates, growing employment opportunities, rising standards of living, and increasing per capita spending on electronic appliances.
With increasing number of consumers focusing on vacuum cleaner efficiency, especially filtration efficiency in removing allergens, manufacturers are developing technologically advanced products that comply with consumers’ uncompromising standards of cleaning. Demand for vacuum cleaners with high efficiency particulate air (HEPA) filtration technology is therefore poised to grow in the coming years. Unlike vacuum cleaners equipped with standard filters, HEPA filters prevent the spread of dirt and dust during cleaning and also effectively trap fine particles such as pet dander or pollen. Shift to bagless vacuum cleaning devices is a noteworthy trend in the household vacuum cleaners market. Robotic vacuum cleaners that can autonomously perform cleaning tasks with higher efficiency and in lesser time are poised to grow in popularity.
Escalating electricity costs worldwide and growing government emphasis on reducing energy consumption are expected to result in strong demand for energy efficient vacuum cleaners. In Europe, for instance, stringent energy saving norms is helping encourage efficient engineering innovation in terms of energy consumption, performance, durability and noise levels.
As stated by the new market research report on Household Vacuum Cleaners, Asia-Pacific represents the largest and the fastest growing market worldwide. The region is projected to grow at a compounded annual rate of 5.6% in terms of dollar sales led by population growth, lifestyle changes, increasing number of smaller nuclear families, rapid urbanization and compact living that raise the risk of allergies and asthma, and increasingly self-reliant lifestyles led by empty nest baby boomers.
Major players covered in the report include AB Electrolux, BISSELL, BSH Bosch und Siemens Hausgeräte GmbH, Dongbu Daewoo Electronics Corporation, Dyson Ltd., Emer Vacuums USA, Eureka Forbes Ltd., Groupe SEB, Haier Group, Hitachi Appliances Inc.,
iRobot Corporation, Koninklijke Philips NV, LG Electronics, Morphy Richards, Neato Robotics, Panasonic Corporation, Samsung Electronics Co. Ltd., Stanley Black & Decker Inc., Techtronic Industries Co Ltd., Vax Ltd., and Toshiba Home Appliance, among others.
The research report titled “Household Vacuum Cleaners: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, regulations, issues, challenges, mergers, acquisitions, and other strategic industry activities of major players worldwide. The report provides market estimates and projections in dollars and units terms for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea and Rest of Asia-Pacific), Middle East and Latin America (Argentina, Brazil, Chile, Mexico and Rest of Latin America).
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Household_Vacuum_Cleaners_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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