Asia Pacific Vacuum Cleaner Market Growth, Size, Share and Forecast 2020-2026

 

The Asia-Pacific vacuum cleaner market is anticipated to grow at a considerable CAGR of 5.6% during the forecast period (2020-2026). The growth of the market across the region is attributed to the growing urban population coupled with the increasing disposable income. Additionally, the adoption of vacuum cleaners as a luxury item is increasing in countries such as India, and China. Still, these countries hold immense potential for the penetration of vacuum cleaner’s in the upcoming years. Domestic companies have a significant market share in Asia Pacific. For instance, Eureka Forbes Ltd. occupies 89% of the Indian vacuum cleaner market in FY2019. Hence, the untapped potential of the market is attracting various global companies towards the Asia-Pacific. For instance, in 2019, Electrolux AB has opened a new office in Delhi, India which will aid the company is reaffirming its long-term strategic commitment to India.

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Furthermore, global companies are increasing their product offering in the regional market. For instance, in March 2018, Dyson Ltd. launched a cordless vacuum cleaner Cyclone V10 with advanced motor technology in Beijing, China. With this launch company is aiming to further strengthen its position across the region’s cleaning market.

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Market Coverage

• The market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered-

o   By Product Type

o   By Type

o   By Technology

o   By Distribution Channel

• Regions Covered-

o   India

o   China

o   Japan

o   Rest of Asia-Pacific

• Competitive Landscape- Alfred Karcher SE & Co. KG, Dyson Ltd., Electrolux AB, Eureka Forbes Ltd., Koninklijke Philips N.V, LG Electronics Inc., Panasonic Corp

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?

o             Deviation from the pre-COVID-19 forecast

o             Most affected segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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Asia-Pacific Vacuum Cleaner Market Report Segment

By Product Type

• Handheld Vacuum
• Canister Vacuum
• Upright Vacuum
• Stick Vacuum
• Autonomous / Robot Vacuum

By Type

• Bagged
• Bagless

By Technology

• Wet
• Dry

By Sales Channel

• Online
• Offline

Asia-Pacific Vacuum Cleaner Market Report Segment by Region

• India
• China
• Japan
• Rest of Asia-Pacific

Company Profiles

• Alfred Karcher SE & Co. KG
• Black+Decker Inc.
• BISSELL Inc.
• Dyson Ltd.
• Ecovacs Robotics, Inc.
• Electrolux AB
• Eureka Forbes Ltd.
• Haier Group Corp.
• iRobot Corp.
• Kent RO System Inc.
• Koninklijke Philips N.V
• LG Electronics Inc.
• Milagrow Business & Knowledge Solutions (Pvt.) Ltd.
• Panasonic Corp.
• Samsung Electronics Co., Ltd.
• TTK Prestige Ltd.
• Xiaomi Corp.

 

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