The Asia-Pacific vacuum cleaner market is anticipated to grow at a considerable CAGR of 5.6% during the forecast period. 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 cleaners 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.
A full report of Asia Pacific Vacuum Cleaner Market is available at https://www.omrglobal.com/industry-reports/asia-pacific-vacuum-cleaner-market
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.
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
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region 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 region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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 Distribution Channel
- Online
- Offline
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