Household Vacuum Cleaners Market 2024 Development Status, Top-Vendors, Type and Application by 2033
The household vacuum cleaners market in India is experiencing notable growth, driven by increasing urbanization, rising disposable incomes, and heightened awareness of home cleanliness and hygiene. According to MarkNtel Advisors, the market was valued at approximately USD 42 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of about 2.18% during the forecast period of 2024-2029.
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Key Market Drivers:
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Urbanization and Lifestyle Changes: The rapid urbanization in India has led to a growing working population, resulting in increased demand for convenient and efficient household appliances like vacuum cleaners.
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Health and Hygiene Awareness: Post-pandemic, there is a heightened focus on maintaining cleanliness to prevent infections, further propelling the adoption of vacuum cleaners in households.
Product Segment Insights:
- Canister Vacuum Cleaners: This segment has dominated the Indian market due to its versatility in cleaning various areas, including stairs, under furniture, and hard-to-reach corners. It is expected to continue its dominance during the forecast period.
Global Market Perspective:
On a global scale, the household vacuum cleaners market was valued at USD 24.8 billion in 2023 and is anticipated to register a CAGR of 5.8% between 2024 and 2032. The Asia-Pacific region, including India, is expected to record a CAGR of 6% through 2032, driven by urbanization, rising disposable incomes, and increasing awareness of home cleanliness and hygiene.
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Future Outlook:
The Indian household vacuum cleaners market is poised for steady growth, supported by technological advancements and a growing preference for automated and efficient cleaning solutions. Manufacturers focusing on affordability, user-friendly features, and enhanced performance are likely to capture a larger market share in the coming years.
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