Market Research Reports: Transparency Market Research is a market intelligence company, providing global business information reports and services.
Transparency Market Research published new market report "Household Vacuum Cleaners Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018," the household vacuum cleaners market is expected to reach USD 14.60 billion by 2018, growing at a CAGR of 4.9% from 2012 to 2018. Increasing awareness about the benefits of using vacuum cleaners particularly in the Asia-Pacific market is primarily driving the demand for household vacuum cleaners. In addition, the market growth is expected to accelerate due to rising household disposable incomes, advent of eco-friendly and energy-efficient vacuum cleaners and smaller sized apartments.
Browse the full report at http://www.transparencymarketresearch.com/household-vacuum-cleaners-market.html
Canister vacuum cleaner segment had the largest share in the global household vacuum cleaners market in 2012, which accounted for more than 35% share and was valued at USD 4.21 billion. Robotic vacuum cleaner is expected to be the fastest growing segment in the overall household vacuum cleaners market owing to innovative features including acoustic sensors, sweeping brushes, self charging capabilities, and automated mapping capabilities. Rising electricity prices and stringent government regulations to reduce the noise level of vacuum cleaners are expected to increase the demand for eco-friendly and compact household vacuum cleaners.
Asia-Pacific was the largest market for household vacuum cleaners in 2012 and accounted for roughly 30.5% of the market. Growing number of households and rising disposable incomes increased the demand for household vacuum cleaners in emerging economies such as India, China and Brazil, These countries are expected to register substantial growth over the forecast period.
The household vacuum cleaner industry is moderately fragmented. Industry players are looking to strengthen their position in emerging markets such as Asia-Pacific, Middle East and Latin America. Electrolux was the largest player in the global household vacuum cleaners market in 2011 in terms of value. The other major players in the household vacuum cleaners market include Dyson, TTI Floor Care, Bissell and Miele among others.