According to the research report titled ‘Global Vacuum Cleaner Market Size study, by Product (Canister, Central, Drum, Robotic, Upright, Wet & Dry and Others), by Distribution Channel (Online and Offline), by Application (Industrial, Residential and Commercial), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global vacuum cleaner market was worth USD 10.01 billion in 2020 and is anticipated to register a healthy CAGR of 9.6% over the forecast period to reach at a valuation of USD 19.2 billion by 2027.
 

Rising working population with lack of time for other activities, and ease of product usage are driving the growth of global vacuum cleaner market. In this context, the World Bank revealed that the worldwide working population has risen from 3.355 billion in 2016 to 3.468 billion in 2019.
 

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Additionally, new product launches, introduction of robotic vacuum cleaners, along with increasing purchasing power of individuals are injecting growth in the industry.
 

However, high cost of equipment, and strict government policies regarding noise & emission may act as restraining factors to the marketplace during the forecast timeline.
 

In terms of product, the industry is categorized into central, canister, robotic, drum, wet & dry, upright, and others. On the basis of distribution channel, global vacuum cleaner market is bifurcated into offline, and online. Based on application spectrum, the marketplace is divided into residential, industrial, and commercial.  Information pertaining to industry share held by each segment, alongside their growth rate and revenue contribution over study period is entailed in the report.
 

Considering the geographical outlook, the report thoroughly studies the market trends in Asia Pacific, North America, Europe, Latin America, and rest of the world. Among these, Asia pacific market is predicted to grow substantially during the analysis timeframe. The expansion is attributed to growing residential construction due to increasing population, and new product launches.
 

The key players in global vacuum cleaner market are Snow Joe LLC, Stanley Black & Decker, Inc., Panasonic Corporation, Haier Smart Home Co. Ltd., Nilfisk Group, Neato Robotics, Inc., iRobot Corporation, Emerson Electric Co., and Alfred Kärcher SE & Co. KG.