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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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.
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