London, 16 September 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Household Vacuum Cleaner Market 2014-2018, which is expected to grow at a CAGR of 3.35 percent during the period 2013-2018.
“The market is witnessing many innovative applications and solutions, such as the inclusion of room memory, improved battery life, and improved efficiency,”says Faisal Ghaus, Vice President of TechNavio.
“Rapidly changing technology and changes in consumer preferences are forcing vendors to deliver innovative household vacuum cleaning solutions with high efficiency to survive the commoditization in the market.”
Key Market Drivers
- Rise in Disposable Income
- Increase in Adoption of Robotic Vacuum Cleaners
- Increase in Small-sized Apartments
- Increase in Tech-savvy Population
Key Market Trends
- Advent of Eco-friendly and Energy-efficient Vacuum Cleaners
- Increase in R&D Innovations
- Change in Lifestyle and Preferences
- Advanced Features
Key Market Vendors
- Bissell Inc.
- Dyson Ltd.
- Electrolux AB
- TTI Floor Care North America Inc.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
