The cordless vacuum cleaners market consists of sales of cordless vacuum cleaners and related services. The vacuum cleaner is a device that uses an air pump to create a partial vacuum to suck dust and dirt from the floor, sofas, and other upholstery. Cordless vacuum cleaners work on batteries and offer better portability and convenience when compared with the corded vacuum cleaners.
The global cordless vacuum cleaners market is expected to grow from $19.10 billion in 2019 to $20.33 billion in 2020 at a compound annual growth rate (CAGR) of 6.41%. The growth is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing and fear in the minds of people to allow household help inside. The market is then expected to grow and reach $24.15 billion in 2023 at CAGR of 5.92%.
