The global vacuum cleaner market is expected to show tremendous growth owing to innovation, developments, and improved efficiency. Growing need for hygiene in both commercial and residential applications is expected to fuel demand over the specified period of time.
Automatic and programmable vacuum cleaners are expected to be key revenue driver over the forecast period. Benefit of robotic product such as reduction in manpower & work may drive its growth. The Industry players are anticipated to make huge investments in research & development to offer innovative solution. Rising wages of domestic workers is also anticipated to boast industry growth.
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Devices equipped with advanced technology such as voice recognition technology and touch control will enhance customer value proposition intelligent or smart product will boast industry growth. Products with integrated security feature such as fire and intruder alert is expected to attain popularity over the forecast period.
The vacuum cleaner market can be classified based on end-use as commercial and residential. Increase in the disposable income is also expected to surge demand over the forecast period. In-house robots are programmed to perform sweeping, floor washing, and mopping. While out-house robots are programmed to perform window washing, pool cleaning, and other tasks.
High cost and low battery life may hinder industry growth. Inability to efficiently clean complex structure is anticipated to pose a challenge to market growth over the specified period of time.
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North America and Europe is expected to be key region over the next seven years owing to growing concern for hygiene, rising disposable income, and decreasing time for household activity. Asia-Pacific may witness significant growth owing to presence of large number market participants in Japan.
Key industry players include Alfred Krecher, iRobot Corp., Neato, Robotics Inc., LG Electronics Inc., Dyson, Bissel, and Samsung Electronics. Other prominent vendors include ECOVACS, Eureka Forbes, Electrolux, Hanool Robotics, Philips, Haier, and Panasonic. Samsung Electronics announced the launch of new Power VR9000 with various features such as enlarged drum brush covers, smart digital inverter technology, and equipped with CycloneForce technology for stronger suction power. In November 2013, iRobot Corporation launched its new iRobot Roomba 800 series. In January 2014, iRobot Corporation announced launceh of iRobot Scooba 450 its wet floor scrubbing system. In April 2014, AB Electrolux launched third generation of Ergorapido with more time and power saving capabilities. In September 2014, AB Electrolux announced acquisition of appliances business division of General Electronic to enhance its product capability.
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