What Has Been the Growth of the Cordless Vacuum Cleaners Market So Far?
The cordless vacuum cleaners market has seen considerable growth due to a variety of factors.
• In recent times, the market size of cordless vacuum cleaners has seen a substantial increase. Its growth is projected to elevate from $8.12 billion in 2024 to $8.63 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%.
This growth during the historic timeframe can be linked to influences from the pandemic, shifting competitive landscapes, an increase in disposable income, efforts in marketing and branding, the convenience and simplicity of product use, and factors relating to urbanization and limited space.
What Are The Estimated Market Size And Expected Annual Growth Rates For Globa Cordless Vacuum Cleaners Market?
The cordless vacuum cleaners market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for cordless vacuum cleaners is anticipated to experience robust expansion in the forthcoming years, reaching a valuation of $11.29 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 6.9%.
The predicted growth within this period is due to the variegated functionality, sleek and modular configurations, improved filtration systems, and the proliferation of smart properties along with wireless charging capabilities. Predominant trends during this forecast period encompass advancements in battery technology, improved suction strength, the ability to clean multiple surfaces, along with compact and portable designs and hepa filtration systems.
What Are The Core Factors Supporting Growth In Cordless Vacuum Cleaners Market?
The growth of the cordless vacuum cleaners market is stimulated by rising disposable income and increasing health and hygiene awareness among city-dwellers. People's escalating income allows greater expenditure on health and hygiene items. In June 2022, for instance, a Bureau of Economic Analysis report stated that US personal income grew by $113.4 billion, or 0.5 percent, in May 2022. Disposable personal income increased by $96.5 billion (0.5%). Additionally, enhanced understanding of vacuum cleaner advantages such as easy mobility and time efficiency is driving demand in the global cordless vacuum cleaners market. This results in a surge in revenues for cordless vacuum cleaners.
What Are The Key Segments Within The Global Cordless Vacuum Cleaners Market?
The cordless vacuum cleaners market covered in this report is segmented –
1) By Product Type: Handheld , Canister, Upright, Stick, Other Product Types
2) By Distribution Channel: Offline, Online
3) By Application: Household, Commercial
Subsegments:
1) By Handheld: Mini Handheld Vacuum Cleaners, High-Power Handheld Vacuum Cleaners
2) By Canister: Bagged Canister Vacuum Cleaners, Bagless Canister Vacuum Cleaners
3) By Upright: Traditional Upright Vacuum Cleaners, Compact Upright Vacuum Cleaners
4) By Stick: Lightweight Stick Vacuum Cleaners, Multifunctional Stick Vacuum Cleaners
5) By Other Product Types: Robotic Cordless Vacuum Cleaners, Wet And Dry Cordless Vacuum Cleaners
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How Are New Trends Impacting The Size Of The Cordless Vacuum Cleaners Market?
Leading entities in the market are progressively concentrating on creating technologically superior products to cater to consumer demands. There is an expanded emphasis on the production of next-generation vacuum cleaners with intelligence and cordless technology, aimed at enhancing user experience and simplifying the cleaning process. Smart vacuum cleaners, fitted with battery, floor, and filter sensing capabilities, stand as a key trend in the cordless vacuum cleaner industry. For instance, in May 2022, Samsung, an electronics corporation based in South Korea, introduced the high-performance premium Jet Cordless Stick Vacuum Cleaners in India, capable of trapping roughly 99.999% of minute dust particles and allergens. The device is equipped with a robust digital inverter motor, which, combined with ultrasonic welded airfoil blades, effectively optimizes airflow. The Samsung Jet comes with a variety of highly efficient motorized brushes, offering numerous cleaning options to match different customer lifestyles, cleaning routines, and floor varieties.
Who Are the Key Players in the Cordless Vacuum Cleaners Market?
Major companies operating in the cordless vacuum cleaners market include:
• Samsung Electronics Co. Ltd.
• Robert Bosch GmbH
• Panasonic Corporation
• Midea Group Co. Ltd.
• Haier Group Corporation
• Xiaomi Inc.
• LG Corporation
• Koninklijke Philips N.V.
• Stanley Black & Decker Inc.
• AB Electrolux
• Dyson Ltd.
• Makita Corporation
• Brigii Tech Co. Ltd.
• SharkNinja Operating LLC
• TTI Floor Care North America
• Beko plc
• BISSELL Homecare Inc.
• Taurus Group BV
• Oreck Corporation
• Miele & Cie. KG
• iRobot Corporation
• Kent RO Systems Ltd.
• Glen Dimplex Home Appliance Ltd.
• Hoover Inc.
• Neato Robotics Inc.
• Suzhou Puppy Pet Products Co. Ltd.
• Grey Technology Ltd.
What are the Regional Insights into the Cordless Vacuum Cleaners Market?
Asia-Pacific was the largest region in the cordless vacuum cleaners market share in 2024. Western Europe was the second-largest region in the global cordless vacuum cleaners market. The regions covered in the cordless vacuum cleaners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
