Household Vacuum Cleaners Market Growth and Analysis By Top Key Players: Dyson, Hoover, Bissell, Oreck, LG, Electrolux, Haier, Miele, iRobot Corporation, Panasonic, Samsung, Vax Ltd.
Household Vacuum Cleaners Market global shipments are forecast to surpass 130 million units by 2024
(EMAILWIRE.COM, August 03, 2018 ) Market Overview: -
Global Household Vacuum Cleaners Market is expected to surpass USD 17.5 billion by 2024 with around 3% CAGR. Increasing industrialization has resulted in more employment opportunities in various regions, especially in Asia Pacific. Rising working population in urban areas result in surging demand for home appliances, to save consumer’s time and provides ease of doing household chores. Better infrastructure, sophisticated technology and communication facility characterize urbanization. Increasing urbanization in emerging countries such as Brazil, India and Korea will surge the demand for technologically advanced household appliances. High living standard will lead to increase in the adoption of more sustainable living measures.
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Top Key Players: -
The household vacuum cleaners market is characterised by a few established key players acquiring major industry share. Offering differentiated products is the prime strategy followed by companies. Dyson, Hoover (TTI), Bissell, Oreck, LG, Electrolux, Haier, iRobot Corporation, Panasonic Corporation, Samsung, Vax Ltd. and Miele are some of the industry participants.
Market share calculation in this report is not done based on companies covered in it. The calculation of household vacuum cleaners market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentation: -
According to U.S. Energy Information Administration (EIA), annual average cost of residential electricity will increase by 3% in 2017 and 2.4% by 2018. As per Institute of Energy Research (IER), U.S. residential electricity prices has increased by 34% between 2005 to 2015.
Vacuum cleaners with high power consumes more electricity and increase the power bill. Increasing price in residential electricity discourage the consumers to buy appliances. This decreases the vacuum cleaners buying decision and negatively affect the household vacuum cleaners market growth.
Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/709
Partial Chapter of the Table of Content
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope & assumptions
1.2. Data Sources
1.2.1. Primary Sources
1.2.2. Secondary Sources
Chapter 2. Executive Summary
2.1. Household vacuum cleaners industry 360º synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Product trends
Browse Full Report @ https://bit.ly/2dizxN5
Dyson, Bissel, and Dirt Devil are competitors developing stick vacuum cleaners with advanced cleaning ability and with competitive pricing. The companies are introducing high technology stick vacuum cleaners for addressing quick cleaning need. For instance, in December 2016, Hoover introduced LiNX Signature Cordless stick vacuum cleaner.
In 2014, 82% of the population were living in urban areas of North America. Latin America & Caribbean had 80% urbanized population whereas, in Europe, 73% of people were leaving in urban areas. Asia Pacific region dominated in terms of population density and includes 53% of world’s urban population. Rising awareness towards adoption of eco-friendly products, and cleanliness in residential and surrounding areas will drive household vacuum cleaner market growth over the forecast years.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Global Household Vacuum Cleaners Market is expected to surpass USD 17.5 billion by 2024 with around 3% CAGR. Increasing industrialization has resulted in more employment opportunities in various regions, especially in Asia Pacific. Rising working population in urban areas result in surging demand for home appliances, to save consumer’s time and provides ease of doing household chores. Better infrastructure, sophisticated technology and communication facility characterize urbanization. Increasing urbanization in emerging countries such as Brazil, India and Korea will surge the demand for technologically advanced household appliances. High living standard will lead to increase in the adoption of more sustainable living measures.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/709
Top Key Players: -
The household vacuum cleaners market is characterised by a few established key players acquiring major industry share. Offering differentiated products is the prime strategy followed by companies. Dyson, Hoover (TTI), Bissell, Oreck, LG, Electrolux, Haier, iRobot Corporation, Panasonic Corporation, Samsung, Vax Ltd. and Miele are some of the industry participants.
Market share calculation in this report is not done based on companies covered in it. The calculation of household vacuum cleaners market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentation: -
According to U.S. Energy Information Administration (EIA), annual average cost of residential electricity will increase by 3% in 2017 and 2.4% by 2018. As per Institute of Energy Research (IER), U.S. residential electricity prices has increased by 34% between 2005 to 2015.
Vacuum cleaners with high power consumes more electricity and increase the power bill. Increasing price in residential electricity discourage the consumers to buy appliances. This decreases the vacuum cleaners buying decision and negatively affect the household vacuum cleaners market growth.
Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/709
Partial Chapter of the Table of Content
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope & assumptions
1.2. Data Sources
1.2.1. Primary Sources
1.2.2. Secondary Sources
Chapter 2. Executive Summary
2.1. Household vacuum cleaners industry 360º synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Product trends
Browse Full Report @ https://bit.ly/2dizxN5
Dyson, Bissel, and Dirt Devil are competitors developing stick vacuum cleaners with advanced cleaning ability and with competitive pricing. The companies are introducing high technology stick vacuum cleaners for addressing quick cleaning need. For instance, in December 2016, Hoover introduced LiNX Signature Cordless stick vacuum cleaner.
In 2014, 82% of the population were living in urban areas of North America. Latin America & Caribbean had 80% urbanized population whereas, in Europe, 73% of people were leaving in urban areas. Asia Pacific region dominated in terms of population density and includes 53% of world’s urban population. Rising awareness towards adoption of eco-friendly products, and cleanliness in residential and surrounding areas will drive household vacuum cleaner market growth over the forecast years.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Information:
Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results