Global Cordless Vacuum Cleaners Market Sluggish Growth Rate Foreseen by 2022-2028

The global cordless vacuum cleaners market is anticipated to grow at a significant CAGR of 6.3% during the forecast period (2022-2028). The global cordless vacuum cleaner market is driven by huge demand for less time-consuming cleaning and automated solution for cleaning to maintain hygiene for better infrastructural facilities. The cordless vacuum cleaners are self-cleaning, and floor cleaners can determine their cleaning track and cordless vacuum cleaners are eco-friendly which is expected to upsurge the market growth. Nevertheless, the increase in urban population and improving standards of living are creating lucrative opportunities for the market key players. In addition, the cordless vacuum cleaner can work without any electric connection this makes the vacuum cleaner handy that in turn increase the product demand by large customer base is the market.

The cordless vacuum cleaners market is gaining momentum and is anticipated to show strong growth due to the rise of smart home appliances, growing concerns about energy consumption, and more. Additionally, the introduction of innovative technologies especially artificial intelligence (AI), machine learning, Internet of Things (IoT), in new technological advanced products have positive impact on this market growth. In addition to innovating, key retailers are focused on increasing their local presence in all developed and emerging countries in order to increase their sales in unregulated markets and compete in the vacuum cleaners business. Similarly, internet providers also play a significant role in expanding this business. For instance, in June 2020, Flipkart introduced the ROIDMI cordless vacuum cleaner to gain momentum in the Indian Market. However, the outbreak of COVID-19 has finally reversed trends that continue due to a declining supply chain ecosystem, high unemployment rates, cancellation or delays in smart cities and housing construction, closure of production and retail properties, and more.

Some major players in the market include Bissell Inc., Dyson Ltd., Glen Dimplex Home Appliances Ltd., Haier Group Co., Robert Bosch GmbH, Stanley Black & Decker Inc., Samsung Electronics Co., Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in January 2019, ECOVACS introduced a new robotic vacuum cleaner the DEEBOT OZMO 960,that uses AI to recognize the stuff on floor. and also launched its own charging station.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Bissell Inc., Dyson Ltd., Glen Dimplex Home Appliances Ltd., Haier Group Co., Robert Bosch GmbH, Stanley Black & Decker Inc., Samsung Electronics Co., Ltd., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Cordless Vacuum Cleaners Market Report by Segment

By Type

• Pet Type
• Non-Pet Type

By Application

• Household Use
• Commercial Use