Market Trends of Handheld Vacuum Cleaners Industry
Rising Urbanization Increasing Demand For Vacuum Cleaners
Urbanization share is observing a continuous increase globally, with North America having the highest increase, followed by regions of Latin America and Europe. With the advent of COVID-19, as more people were spending time indoors cleaning and a hygienic environment had become of utmost importance, driving the revenue per household of the Vacuum cleaner market, signifying an increased expenditure of people for vacuum cleaners.
With rising urbanization, concern for health and hygiene is rising globally, leading people to adopt more technologically advanced and efficient cleaning devices for which handheld vacuum has emerged as an efficient option. China, India, and America exist among the countries with the largest revenue generation for the vacuum cleaner market. These markets provide opportunities for handheld vacuum cleaner manufacturers such as Diason, Bosch, Xiaomi, and others to increase their sales.
Increase In Working Population and Income
With a rising share of the working population globally, people want their home cleaning experience to be convenient and fast, for which handheld vacuum cleaners exist as the perfect option. The number of people employed worldwide has observed a continuous increase, rising to 3.29 billion last year, leading to a rise in per capita income with increased spending on innovative household appliances. The rising working population is increasing the value of leisure time after work, and easy, fast-cleaning handheld vacuum cleaners are providing people with personal time in a hygienic environment.
The rising participation of women in the workforce is also leading to a shift from traditional cleaning methods to the adoption of vacuum cleaners, with manufacturers designing and equipping new features in vacuum cleaners to the needs of the working population.
