Handheld Cordless Vacuum Cleaner Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 5.0 Billion by 2030, growing at a CAGR of 9.2% from 2024 to 2030.
The global handheld cordless vacuum cleaner market was valued at approximately USD 2.5 billion in 2022. This market is projected to experience a robust growth trajectory, with an expected Compound Annual Growth Rate (CAGR) of 8.2% from 2023 to 2030. The rising demand for convenient and efficient cleaning solutions, coupled with advancements in battery technology and suction power, is fueling this growth. Key drivers include the increasing preference for lightweight, easy-to-store appliances and a surge in household spending on home maintenance products. The market is witnessing a shift towards more technologically advanced models featuring smart connectivity and enhanced performance capabilities, catering to a growing segment of tech-savvy consumers.
Emerging opportunities within this market include expanding product lines to target niche applications such as pet hair removal and allergen filtration, which are increasingly important to consumers. Additionally, growth in emerging markets, where urbanization and disposable income are on the rise, presents significant potential for market expansion. Regions such as Asia-Pacific and Latin America are expected to see substantial market penetration due to improving living standards and increased awareness of home hygiene products. The evolution of e-commerce platforms also provides a valuable channel for reaching a broader consumer base, further supporting market growth.
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Bissell
Stanley Black & Decker
Dyson
Techtronic Industries
Bosch
Hoover
Electrolux
Philips
Gtech
GlenDimplex
SharkNinja
Puppyoo
Klinsmann
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Handheld Cordless Vacuum Cleaner Market
Online Sales
Offline Sales
Based on Types the Market is categorized into Below types that held the largest Handheld Cordless Vacuum Cleaner market share In 2023.
High-grade Vacuum Cleaner
Economical Vacuum Cleaner
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Handheld Cordless Vacuum Cleaner Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Handheld Cordless Vacuum Cleaner Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Handheld Cordless Vacuum Cleaner Market, By Type
6. Global Handheld Cordless Vacuum Cleaner Market, By Application
7. Global Handheld Cordless Vacuum Cleaner Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Handheld Cordless Vacuum Cleaner Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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