Market Size of Handheld Vacuum Cleaners Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 8.54 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Handheld Vacuum Cleaners Market Analysis
The handheld vacuum cleaner market has generated gross revenue of USD 28.34 Billion in the current year and is poised to register a CAGR of more than 8.54% for the forecast period. The vacuum cleaner market has observed an increase in sales, with 29.8% of its sales made through online channels last year. Handheld vacuum cleaners are lightweight, easily portable, and small enough to clean difficult spaces. With continuous innovation in the products, new cordless handheld vacuum cleaners are launched in the market, which are run by rechargeable batteries. These vacuum cleaners have 50% more reach than the general vacuum cleaner and require less effort for bending over various spaces.
With the advent of COVID-19, sales of vacuum cleaners observed an increase, rising to the market value of which most of the sales were from the household segment as people were spending more time in homes due to the restrictions. Globally, China and India emerged as leading markets for sales of Vacuum cleaners, driving the market for handheld vacuum cleaners as well.
Post-COVID-19, with a continuous increase in Online sales of vacuum cleaners through e-commerce companies, demand for handheld vacuums is expected to rise. Handheld cordless vacuums have proved to be more energy efficient in comparison to corded ones by drawing energy only when they're charged. With this energy efficiency and flexibility to clean properties, handheld vacuum cleaners are in growing demand.
Handheld Vacuum Cleaners Industry Segmentation
A handheld vacuum cleaner is a lightweight cordless vacuum cleaner with a cleaning head, dirt storage, and vacuum generator integrated into a compact device, allowing the cleaner to be held and operated while being held in one hand. Handheld vacuum cleaners provide quick cleaning for smaller spaces and masses without much heavy lifting and tackle dry spills, tracked-in dirt, and pet hair stuck to everything. The handheld Vacuum Cleaners Market is segmented by Type (Corded, Cordless), By Application (Residential, Commercial), By Distribution Channel (Online and Offline), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa and Rest of the World). The report offers Market size and forecasts for the Handheld Vacuum Cleaner Market in value (USD) for all the above segments.
by Type | |
Corded | |
Cordless |
By Application | |
Residential | |
Commercial |
By Distribution Channel | |
Online | |
Offline |
By Region | |
North America | |
Europe | |
Asia Pacific | |
Latin America | |
Middle East and Africa | |
Rest of the World |
Handheld Vacuum Cleaners Market Size Summary
The handheld vacuum cleaner market is experiencing significant growth, driven by factors such as increased urbanization, a rising working population, and heightened awareness of health and hygiene. These vacuum cleaners, known for their lightweight and portable design, are becoming increasingly popular due to their ability to reach difficult spaces and their energy efficiency, particularly the cordless models. The market has seen a shift towards online sales, with e-commerce platforms playing a crucial role in expanding the reach of these products. The COVID-19 pandemic further accelerated this trend as more consumers prioritized cleanliness and spent more time at home, leading to increased demand for household cleaning appliances.
Globally, regions like North America, Latin America, and Europe are witnessing a rise in urbanization, which is contributing to the demand for technologically advanced cleaning devices. Countries such as China, India, and the United States are leading in revenue generation for the vacuum cleaner market, providing lucrative opportunities for manufacturers like Dyson, Bosch, and Xiaomi. The market is characterized by continuous innovation, with companies introducing new features to cater to the needs of the modern, busy consumer. As the workforce expands and the value of leisure time increases, handheld vacuum cleaners offer a convenient and efficient cleaning solution, further driving their market demand.
Handheld Vacuum Cleaners Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rise in demand of cordless, light-weight and small-sized vacuum cleaner
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1.2.2 Rise in share of working population globally
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1.3 Market Restraints
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1.3.1 Rise in price of electronic products post covid
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1.3.2 Limited share of vacuum market to selected regions globally
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1.4 Market Opportunities
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1.4.1 Technology and innovation leading to news features in handheld vacuum
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1.4.2 Rise in adoption of handheld vacuum in office and commercial spaces.
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Bargaining Power of Buyers
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1.5.2 Bargaining Power of Suppliers
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1.5.3 Threat of New Entrants
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1.5.4 Threat of Substitutes
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1.5.5 Intensity of Competitive Rivalry
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1.6 Technological Innovations in Global Handheld Vaccum Cleaners
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 by Type
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2.1.1 Corded
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2.1.2 Cordless
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2.2 By Application
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2.2.1 Residential
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2.2.2 Commercial
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2.3 By Distribution Channel
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2.3.1 Online
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2.3.2 Offline
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2.4 By Region
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2.4.1 North America
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2.4.2 Europe
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2.4.3 Asia Pacific
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2.4.4 Latin America
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2.4.5 Middle East and Africa
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2.4.6 Rest of the World
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Handheld Vacuum Cleaners Market Size FAQs
What is the current Handheld Vacuum Cleaners Market size?
The Handheld Vacuum Cleaners Market is projected to register a CAGR of 8.54% during the forecast period (2024-2029)
Who are the key players in Handheld Vacuum Cleaners Market?
Haier Group, Panasonic Holding Corporation, Kent Ro, Vczek and Dyson are the major companies operating in the Handheld Vacuum Cleaners Market.