May 22, 2024
Global Canister Vacuum Cleaner Market

Global Canister Vacuum Cleaner Market is Estimated to Witness High Growth Owing to Rise in Disposable Incomes

Canister vacuum cleaners are electric vacuum cleaners that have a canister body separate from the vacuum head attached by a flexible hose. They are a popular choice for homes as the canister is lightweight, compact and easy to maneuver allowing for versatile cleaning around furniture and tight spaces. The separate canister body means the motor and dust collection bag are located away from the cleaning head reducing noise levels during operation. Rising disposable incomes in developing nations have increased spending power of consumers on home appliances that enhance quality of life.

The Global Canister Vacuum Cleaner Market is estimated to be valued at US$ 3.46 BN in 2024 and is expected to exhibit a CAGR of 9.6% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Global Canister Vacuum Cleaner Market Growth  are Kärcher North America, Inalsa, Delfinvacuums, Miele, Shark, Samsung, Dyson, Electrolux , LG Electronics., Hoover, Kenmore, Eureka, BISSELL, Panasonic, Hitachi, Makita, AEG, Nilfisk. Innovation in product features like advanced HEPA filtration, multi-floor cleaning setup and lightweight designs have increased the demand for canister vacuums among consumers. The Asia Pacific region especially China and India is witnessing strong growth in vacuum cleaner sales led by emerging middle class consumers. Major players are focusing on expanding into developing markets through online retail partnerships and establishing local manufacturing facilities to cater to the growing demand.

Market drivers

The key driver for the global canister vacuum cleaner market is rising income levels in developing nations. Higher disposable incomes have increased spending on home improvement and cleaning products. Canister vacuums offer superior cleaning performance compared to upright vacuums which is another driver for market growth. Their sleek design and detachable hoses make them convenient to use for a variety of floor surfaces like wood, carpet and tiles. Growing foreign direct investments in infrastructure and real estate industries have propelled sales of household appliances including canister vacuum cleaners.

PEST Analysis

Political: For the Global Canister Vacuum Cleaner market, politically stable regions such as North America and Western Europe offer opportunities for growth due to higher discretionary spending. Economic: The growing middle class in Asia Pacific coupled with increasing income levels boosts sales of higher-priced canister vacuum cleaners in the region. Social: Time-pressed consumers are preferring easy-to-use, efficient appliances such as canister vacuum cleaners for quick cleaning of households. Technological: Development of technologies such as self-driving/auto-mode operations and advanced filtration systems provide convenience and healthier indoor environments, driving demand.)

Geographical regions where market in terms of value is concentrated: North America and Western Europe currently account for the bulk of the global market value due to higher vacuum ownership levels and replacement sales in the developed markets. However, the Asia Pacific region excluding Japan provides immense opportunities for market expansion with rising living standards and discretionary spending.

The fastest growing region for the Global Canister Vacuum Cleaner market is Asia Pacific due to increasing awareness about hygienic indoor environments, rapid urbanization and growing middle class populations in countries such as China and India. Rising incomes along with innovative retail channels and modern interior infrastructure foster new purchases of both basic and high-end canister vacuum cleaners in Asia Pacific.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it