According to the recent research report titled ‘Asia Pacific Household Vacuum Cleaners Market Size By Sales Channel, By, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020-2026’, available with Market Study Report, Asia Pacific household vacuum cleaners market is expected to amass USD 12.5 billion by the year 2026.
 

Booming population and rapid urbanization are the key factors driving Asia Pacific household vacuum cleaners market growth. As per the data released by the World Bank in 2019, Japan's urban population was reported to be over 91.6%, meaning less 10% residents living in non-urban setting.
 

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Further, changing customer lifestyles and rising household hygiene awareness would provide OEMs with lucrative opportunities to expand their product range, hence facilitating the business scenario.
 

Growing trend of automating mundane tasks to save time is boosting Asia Pacific household vacuum cleaners industry share. Traditional cleaning methods take longer because they require manual cleaning of all surfaces in the house. The adoption of vacuum cleaners in households to keep the environment clean while managing time efficiently is likely to augment the industry size.
 

Speaking of recent developments, global spread of COVID-19 virus has hampered Asia Pacific household vacuum cleaners industry remuneration. Several Asian countries' economic indicators, such as GDP and employment rate, have been steadily declining. Plunge in unit shipments of goods has an adverse effect on the electronics and media industry. Lack of labor and a slump in demand as a result of the strict lockdown measures has negatively impacted the manufacturing processes.
 

Based on sales channel, Asia Pacific household vacuum cleaners marketplace is divided into online, and offline. Of these, offline segment is projected to gain decent traction over the coming years, creditable to the convenience of physically inspecting the products before buying them. Also, departmental stores and shopping centers sell a diverse selection of items from various brands to attract more customers.
 

Established players influencing Asia Pacific household vacuum cleaners market trends are Toshiba Corporation, Techtronic Industries Co. Ltd., Samsung Electronics Co. Ltd., BSH Hausgeräte GmbH, Koninklijke Philips N.V., Panasonic Corporation, Oreck Corp., Miele, LG Electronics Inc., iRobot Corporation, Haier Group Corp., Eureka Forbes Ltd., Electrolux AB, Dyson Ltd., Stanley Black & Decker Inc., and BISSELL Inc.