GLOBAL CANISTER VACUUM CLEANER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global canister vacuum cleaner market is estimated to be valued at USD 3.46 Bn in 2024 and is growing at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2031.

Global canister vacuum cleaner market has been gaining significant traction over the past few years, owing to growing awareness about hygiene and cleanliness. Canister vacuum cleaners are not only helpful in residential applications for cleaning carpets and rugs but also find demand from commercial facilities like hospitals, hotels, retail stores and others. This type of vacuum cleaner consists of a powered head attached to a canister by a flexible hose which allows cleaning of difficult to reach areas. The rising working professional population and growing disposable income have been favoring the sales of high-performance and easy to use cleaning appliances like canister vacuum cleaners. Moreover, ongoing innovations led by key players to introduce advanced features like bagless operation, multi-layer filtration and self-propelled movement are further supporting the market growth.

Market Dynamics:

Global canister vacuum cleaner market is witnessing remarkable growth driven by some key factors. Rising health concerns among consumers regarding hygienic homes and the need to control allergens and dust mites is a major driver. Growing awareness about various respiratory diseases caused due to indoor pollutants has compelled households to invest in efficient cleaning equipment. Furthermore, rapid urbanization leading to small living spaces especially in developed nations has boosted demand for compact and powerful vacuum cleaners. Busy lifestyle has made convenience a pivotal purchasing criterion, propelling sales of bagless, cordless and automatic cleaning variants. However, high initial costs as compared to other vacuums continues to remain a growth challenging factor. Increasing product innovations focusing on improved filtration, extended runtime and automatic features are creating lucrative opportunities.

Key features of the study:

• This report provides in-depth analysis of the global canister vacuum cleaner market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global canister vacuum cleaner market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Kärcher North America, Inalsa, Delfinvacuums, Miele, Shark, Samsung, Dyson, Electrolux, LG Electronics., Hoover, Kenmore, Eureka, BISSELL, Panasonic , Hitachi, Makita, AEG, and Nilfisk
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global canister vacuum cleaner market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global canister vacuum cleaner market

Market Segmentation:

• By Type
• • Wet-Dry Canister Vacuum
  • Dry Canister Vacuum
•  By Application
  • Industrial
  • Commercial
    • Hotel/Restaurant
    • Corporate Offices
    • Retail Shops
    • Hospitals
    • Others
  • Residential
•  By Distribution Channel
  • Online
  • Offline
• By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
• Key Players
  • Kärcher North America
  • Inalsa
  • Delfinvacuums
  • Miele
  • Shark
  • Samsung
  • Dyson
  • Electrolux
  • LG Electronics.
  • Hoover
  • Kenmore
  • Eureka
  • BISSELL
  • Panasonic
  • Hitachi
  • Makita
  • AEG
  • Nilfisk