July 02, 2021
According to the recent research report titled ‘Europe Household Vacuum Cleaners Market Size By Product, By Sales Channel, Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020-2026’, available with Market Study Report, Europe household vacuum cleaners market is expected to garner substantial returns over 2020-2026.
Increasing emphasis on energy efficiency, in tandem with key players engaging in research & development activities to invent or innovate existing cleaning technologies to meet evolving customer demands are the key factors driving Europe household vacuum cleaners market growth.
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In fact, the European Union has established minimum energy efficiency criteria for many home appliances, such as televisions, refrigerators, and lighting among others, which has to be adhered to by all industry players.
Growing automation will also industry share, with more people shifting from traditional to automatic vacuum cleaners, as they offer several benefits such as less human effort, faster cleaning in less time, and many more.
Speaking of recent developments, the outbreak of COVID-19 pandemic had a significant influence on vacuum cleaner manufacturing since production lines were temporarily shut down during the lockdown period. Besides, lack of manpower and limited raw material availability also impacted the production, posing a challenge to businesses in this domain.
As per product type, Europe household vacuum cleaners market share from cannister segment is poised to multiply over the coming years, creditable to surging demand for these vacuum cleaners for their flexibility and versality, along with their application on various surfaces. These appliances can be employed in areas that are difficult to reach. They are equally adept at picking up dry & wet spills, even oil spills, and are easy to use.
Based on sales channel, offline segment is expected to amass high profits over 2020-2026, owing to convenience for consumers to conduct physical inspection and quality checks of products before making a purchase.
Major contenders swaying Europe household vacuum cleaners market dynamics are Samsung Electronics Co. Ltd., Koninklijke Philips N.V., Panasonic Corporation, Oreck Corporation, LG Electronics Inc., iRobot Corporation, Haier Group Corp., Eureka Forbes Ltd., Electrolux Group, Dyson Ltd., Techtronic Industries Co. Ltd. (TTI Group or TTI), and Toshiba Corporation among others.