According to the Graphical Research new growth forecast report titled “Asia Pacific Household Vacuum Cleaners Market Size By Product (Cordless/Stick, Upright, Canister, Central, Drum, Wet/Dry, Robotic), By Sales Channel (Offline, Online), Estimated To Be Over USD 12.5 Billion by 2026
Rapid increase in the rate of urbanization and population increase in Asia Pacific will support the household vacuum cleaners market in the region. According to the data published by the World Bank in 2019, the percentage of urban population in Japan was reported to be over 91.6%. A shift in consumer lifestyles and increasing awareness related to household hygiene will generate lucrative growth opportunities for OEMs to enhance their product portfolio, augmenting the industry share.
The rapid spread of the COVID-19 pandemic has impacted the growth of the Asia Pacific household vacuum cleaners market. Several Asian countries are facing a steady decline in economic indicators including GDP and employment rate. The electronics & media industry is adversely impacted owing to the decline in unit shipments of these products. The pandemic also impacted international trade activities in the first two quarters of 2020. The unavailability of labor and decrease in the market demand as a result of stringent lockdown measures have hampered the production processes. However, the market will grow significantly with the economic revival and containment of virus in 2021.
The increasing trend of automation in day-to-day activities to save time is augmenting the market share of household vacuum cleaners in the region. The conventional cleaning methods consume more time as they involve manual cleaning of all the surfaces in a room. Changing consumer lifestyles and hectic work hours create a scarcity of time to complete cleaning tasks manually. The adoption of vacuum cleaners in households to keep the surroundings clean while managing the time efficiently, will proliferate the industry size during the forecast timeline.
The offline sales channel for vacuum cleaners will witness a significant growth owing to the convenience of physically inspecting the products before purchase. Departmental stores and shopping malls offer an extensive range of products from different brands in order to gain customer footfall.
The prominent players in the Asia Pacific household vacuum cleaners market include Eureka Forbes Ltd, LG Electronics, Samsung Electronics Co., Ltd., Ecovacs, Toshiba Corporation, Dyson Ltd., Panasonic Corporation, iRobot Corporation, Electrolux Group, and Techtronic Industries Co. Ltd. These players are emphasizing on introducing technologically integrated robotic vacuum cleaners to enhance their product portfolio. For instance, in January 2019, Ecovacs launched its new AI-integrated robotic cleaner, Deebot Ozmo 960, designed for residential floor cleaning purpose.
Asia Pacific household vacuum cleaners market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2026 for the following segments:
- Asia Pacific Household Vacuum Cleaners Market By Product
- Asia Pacific Household Vacuum Cleaners Market By Sales Channel
The above information has been provided for the following regions and countries:
- South Korea