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Bagless Vacuum Cleaner Market

Household Segment to Account for 45% market Share for Bagless Vacuum Cleaners: Fact.MR Study

Published : 09 Nov 2021 Industry: Consumer Goods

Fact.MR states the global sales of bagless vacuum cleaners to surpass US$ 31 Bn, registering a CAGR of 8% across the 2021-2031 forecast period. Growing preference for quick and efficient cleaning solutions is expected to auger well for the bagless vacuum cleaner market, given the higher customer inclination towards convenient household cleaning options.

Historically, from 2016 to 2020, sales of bagless vacuum cleaners exceeded expanded at a CAGR of 4.7%. Prospects further widened during the COVID-19 pandemic, as spending on residential and commercial grade health and hygiene products augmented exponentially. By 2021-end, sales are expected to total US$ 14.5 Bn.

Considering the existing challenges associated with bagless vacuum cleaners, including unhygienic removal of dust and exposure to allergens causing respiratory problems to people suffering from asthma and sorts of diseases, manufacturers of bagless vacuum cleaners have been focusing on developing efficient systems that facilitate powerful cleaning and hygienic dust and dirt disposal.

Key Takeaways from the Market Study

  • Household sector expected to possess over 45% market share for bagless vacuum cleaners.
  • Cordless vacuum cleaners to account for more than 2 out of 5 sales through 2031
  • Nearly 3/10th of global revenue to be spearheaded by robotic bagless vacuum cleaners
  • Europe is expected to generate more than a third of global bagless vacuum cleaner revenue
  • Asia expected to possess around 45% market share for bagless vacuum cleaners.

 “Advancement in technology along with increasing importance towards keeping indoor environment clean is boosting sales of bagless vacuum cleaners,” states a Fact.MR analyst. 

Competitive Landscape

Prominent manufacturers of bagless vacuum cleaners have assumed sustainability as their cornerstone for introducing new product lines. In addition, players are reliant on other expansion strategies, including capacity enhancement via mergers, acquisitions and partnerships. Some key developments in the bagless vacuum cleaner landscape are as follows:

  • In October 2020, Electrolux AB began developing a vacuum cleaner made from 100% recycled and reused material. These majorly include discarded plastics and components from consumer electronic products, such as hairdryers and computers. For this, the company has partnered with Stena Recycling in its Circular Initiative
  • In September 2021, Eureka Forbes Limited announced the conclusion of a definitive agreement with Shapoorji Pallonji Group and Advent International wherein the latter two will acquire a controlling stake in the former, at an enterprise value worth ? 4,400 crores (US$ 594 million). The transaction is likely to aid the company expand its water purification, vacuum cleaning and other emerging categories

More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the global bagless vacuum cleaners market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.

The study indulges essential insights on the market on the basis of product type (handheld, canister, upright, stick, robotic), power type (cord and cordless) price range (less than US$100, US$ 100-US$ 200, US$ 200-US$ 400 and above US$ 400), sales channel (online and offline) and end use (residential, theatres, resorts, hospitals, restaurants and industrial) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa)

Fact.MR’s Domain Knowledge in Consumer Products

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned consumer products team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the consumer goods industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

For more information, refer to our market research report or contact the PR author.

Sanjeevani Dubey

Fact.MR

Sr. Consultant - Consumer Products

E-mail: sanjeevani@factmr.com

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Bagless Vacuum Cleaner Market

Bagless Vacuum Cleaner Market
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Bagless Vacuum Cleaner Market Report By Product Type (Handheld, Canister, Upright, Robotic), By Power Type (Cord-powered, Cordless), By Price Range (Less than US$100, US$ 100-US$ 200, US$ 200-US$ 400), By End Use (Residential, Hospitals, Restaurants, Industrial), By Distribution Channel (Offline & Online) - Regional Forecast, 2021-2031