Published on : May 24, 2016
The increasing demand for better living standards and the introduction of the latest technologies in vacuum cleaning have been encouraging consumers from the household sector to purchase vacuum cleaners.
What are Vacuum Cleaners?
Vacuum cleaners are modern devices used to suck up dust and dirt from floors rugs, upholsteries, draperies, and other such surfaces. The devices is inbuilt with a high performing and strong air pump that helps it to such in dirt particles through a pipe attached to the machine. Some of the older models of vacuum cleaners however have centrifugal pumps in place of advanced air pumps. The dust thus sucked in by vacuum cleaners is then collected it an inbuilt airbag for later disposal. Due to the convenience these machines ensure and their intrinsic benefits they offer, vacuum cleaners are swiftly replacing traditional means of cleaning homes.
Global Household Vacuum Cleaners Market to Reach US$14.6 bn by 2018
According to a report recently published by Transparency Market Research, the global household vacuum cleaners market, which in 2012 stood at US$11.0 bn in 2012, is expected to reach US$14.6 bn by the end of 2018. The market will therefore exhibit a positive and steady CAGR of 4.90% between 2012 and 2018. The market is gaining significant impetus from the increasing disposable income of consumers living in developing nations and the subsequent rise in demand for better living standards. The development of new technologies and the improvements introduced to enhance the performance of vacuum cleaners will also positively impact the global household vacuum cleaners market.
Market to Gain from Launch of Latest Technologies
The leading companies operating in the global vacuum cleaners market are focusing on introducing eco-friendly and more compact vacuum cleaners that are easier to operate. Such improvements in the technology are intended to attract more customers. This however intensifies the competition prevailing in the market. Some of the prominent enterprises operating in the market include TTI Floor Care, Miele, Bissell, Electrolux Group, and others are focusing on product innovation to gain competitive edge in the market