Busy lifestyle of people has led to the development of quick methods, such as bagless vacuum cleaners, for cleaning household as traditional cleaning not only takes time but also involves physical strain. With their cleaning applications across residential as well as commercial spaces, bagless vacuum cleaners are expected to witness significant surge in demand worldwide. In addition, stringent regulations laid by regulatory bodies, such as OSHA (Occupational Safety and Health Administration) and NFPA (National Fire Protection Association) regarding healthy atmosphere in indoors including home, commercial buildings and public entertainment spaces have led to significant adoption of advanced cleaning systems, consequently providing growth prospects for bagless vacuum cleaners market.
That said, increasing household size and commercial spaces benefitted by introduction of new technologies in the bagless vacuum cleaner space is anticipated to auger well for the bagless vacuum cleaner market during the period of forecast.
A new study by Fact.MR has revealed the growth prospects and provided an opportunistic scenario for bagless vacuum cleaner market at the global front. The report forecasts that the bagless vacuum cleaner market is projected to rise at a steady CAGR of 4.7% throughout the period of assessment, 2018-2028. In addition, it reveals that the demand for bagless vacuum cleaners in emerging economies of Asia Pacific excluding Japan (APEJ) region is anticipated to spur at a significant rate, making APEJ a highly attractive market for bagless vacuum cleaners with their sales concentrated in the APEJ revenue pockets such as China and India.
Bagless Vacuum Cleaner Market: Robotic Bagless Vacuum Cleaners to Foster Growth
In the era of automation, another autonomous product is no big deal as bagless vacuum cleaners go robotic. New age technological advancements have led manufacturers of bagless vacuum cleaners to develop advanced versions of their products that can carry out operations without human intervention, making tasks more convenient and simpler for users of bagless vacuum cleaners. Robotic bagless vacuum cleaners are expected to witness a meteoric demand, which has pushed their market to new heights, as a consequence supporting the growth of the bagless vacuum cleaners market. Robotic bagless vacuum cleaners come with unique characteristic features that distinguish them from traditional bagless vacuum cleaners. For instance, the multi-floor mop robotic cleaner is developed to carry out cleaning and mopping – a simultaneously performed dual operation by this robotic bagless vacuum cleaner.
Given the high traction received by robotic bagless vacuum cleaners, manufacturers have come up with robotic bagless vacuum cleaners intended to perform specific tasks such as cleaning pet hair along with other debris, dirt and fluff accumulated on floor. The iRobot 564 is one such robotic bagless vacuum cleaner developed for homes with pets that carries out aforementioned tasks with higher precision and efficiency.
In addition, another factor influencing the demand and sales of robotic vacuum cleaner is the application of smartphones. Robotic bagless vacuum cleaners have been designed that can be monitored using smartphone technology. iRobot Corporation has introduced Roomba 980 that combines visual localization and adaptive navigation with a cloud connected application control of ease of operation. Integration of smartphone technologies and cloud in robotic bagless vacuum cleaners can enable remote start and stop function as well as plan new cleaning schedules without the user’s physical presence. This aspect is expected to increase the demand and sales of robotic bagless vacuum cleaners, in turn fuelling the growth of the bagless vacuum cleaner market during the period of forecast.
Bagless Vacuum Cleaner Market: Canisters Have a Clear Advantage, Upright Bagless Vacuum Cleaners Witness Slack
Bagless vacuum cleaner market has witnessed a shift from traditional upright bagless vacuum cleaners to their canister counterparts. In the past, upright bagless vacuum cleaners dominated the bagless vacuum cleaner market as they were the most preferred choice for cleaning mattresses and carpets. However, manufacturers, understanding the cons of upright bagless vacuum cleaners such as increased noise and heavy design that compromises efficiency, have developed canister bagless vacuum cleaners that are more powerful than their upright equivalents, with a lighter design hence easy to maneuver, more silent and come with variety of tools such as crevice nozzle, mechanized brush and upholstery brush to enhance their cleaning efficiency, particularly for thick carpets and rugs. This has impacted the market for upright bagless vacuum cleaners by inducing a slack in their demand. However, with growing sales of canister bagless vacuum cleaners, this slack can be offset, with little negative influence on the growth of the overall bagless vacuum cleaner market.
Bagless Vacuum Cleaner Market: High Initial Cost Confining Sales
With technological advancement favoring convenience and efficiency, comes the pricing aspect that can have an impeding effect on the product’s sales as customer’s purchasing power influences reluctance. Albeit several steps ahead of traditional counterparts, bagless vacuum cleaners come at high initial price. This is expected to inhibit the growth of the bagless vacuum cleaner market by confining sales of the product to a limited class of users. By far, high pricing remains a key growth deterrent for the bagless vacuum cleaners market worldwide.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR
Comprehensive Analysis of the Bagless Vacuum Cleaner Market Based on Recent and Projected Forecast Factors
Fact.MR portrays an in-depth and extensive analysis of the bagless vacuum cleaner market in a recently published research report. This report presents impact analysis of various forecast factors expected to impact the revenue growth of the bagless vacuum cleaner market over the period of assessment, 2018 – 2028. This study is an extensive take on the performance of the bagless vacuum cleaner market and reflects detailed acumen on the drivers fuelling the sales of bagless vacuum cleaners; the different restraining aspects hindering the revenue growth of the bagless vacuum cleaner market; several opportunities that manufacturers of bagless vacuum cleaners can grab across regions; as well as numerous trends that are likely to influence growth of bagless vacuum cleaner market in terms of sales revenue and demand generation.
Extensive Methodology of Research to Draw Precise Inferences of the Bagless Vacuum Cleaner Market
Fact.MR leverages a one-of-its-kind research methodology to arrive at key assessments and projections of the bagless vacuum cleaner market. Weighted secondary research is used to assess and study different facets of the bagless vacuum cleaner market and the key market dynamics are inferred based on these aspects. When deducing various metrics such as growth in terms of CAGR, market share and value with respect to US$ Million, volume in terms of absolute units, and an year-on-year growth, various forces influencing the bagless vacuum cleaner market are taken into consideration. This market intelligence gathered from secondary research process is then validated using a systematic procedure of primary research, where the analysts get in touch with key industry players and stakeholders to ratify information and data collated from the secondary research.
Organized Report Structure for Ease of Understanding With Convenient Access to Vital Information and Data on the Bagless Vacuum Cleaner Market
To expedite easy understanding of the different aspects of the bagless vacuum cleaner market, the report is divided into several sections, each representing a volley of insights on the bagless vacuum cleaner market based on a comprehensive market segmentation. Dedicated sections on the product type, power type, pricing, sales channel and sales channel present key intelligence on these segments across various regional bagless vacuum cleaner markets. For all these segments, the report tracks the key metrics of the market as well as highlights the market attractiveness that quantifies the segmental acumen presented in the bagless vacuum cleaner report.
An extensive executive summary concisely captures the highlights presented in this comprehensive study on the bagless vacuum cleaner market. The abstract provides information on the bagless vacuum cleaner market valuation, push and pull factors governing market growth, top segments with respect to valuation, and important regional markets to focus on. The executive summary also captures the essential aspects of the bagless vacuum cleaner market in a nutshell thus serving as a valuable reference point for readers.
Geographical Analysis of the Bagless Vacuum Cleaner Market With Country Level Analysis to Provide Appropriate Market Insights
A few key sections of the report on bagless vacuum cleaner market presents the regional insights on bagless vacuum cleaners across the top regions in the globe. These sections encompass an assessment of the various regional aspects driving the sales and adoption of bagless vacuum cleaner in various emerging ad developed countries. Regional market share of bagless vacuum cleaners along with year on year growth estimates and capacity analysis is also highlighted in this section. Each regional section scrutinizes the performance of the bagless vacuum cleaner market in the respective region with a large focus on the growth of each segment of the market across the top countries in the region.
Sector-Specific Macros Included in the Report for a More Accurate Data Forecasting and Analysis of the Bagless Vacuum Cleaner Market
Besides highlighting generic macros that influence the growth trajectory of any market, this report on the bagless vacuum cleaner market takes into consideration various sector specific macros associated with the consumer goods sector that are anticipated to impact growth in sales of bagless vacuum cleaners. Dynamics such as consumer preferences and perceptions, growth in per capita income and purchasing power parity, and consumer demand for bagless vacuum cleaners have been compiled to derive deeper insights on the consumption scenario of bagless vacuum cleaners across different assessed regions.
Detailed Competitive Assessment to Support Key Stakeholders Fathom the Current Bagless Vacuum Cleaner Market Landscape
One of the most prominent additions of the report is a detailed analysis of the present market structure of the bagless vacuum cleaner market. This section highlights top companies leading the bagless vacuum cleaner market. Detailed information with respect to company vision and business overview, growth strategies, current market share, and other key metrics pertaining to these key participants is enclosed in this section. A SWOT analysis of key market players further adds more value to the basic understanding of the dominant and second-in-line players active in the bagless vacuum cleaner market. This section can be useful for both market entrants and established companies as it provides a comprehensive picture of the bagless vacuum cleaner market from a competitive standpoint.
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