Cordless Vacuum Cleaner Market worth USD 9,736.98 million by 2027

The Market Statsville Group (MSG) publishes the new report on the "Cordless Vacuum Cleaner Market by Category (Floor, Window and Pool and Others), by Product Type (Upright, Canister, Stick, Handheld, and Others), by Distribution Channel (Online, and Offline), by End User (Residential, Commercial), and by Region - Global Trends, Market Share, and Forecast to 2027". The global cordless vacuum cleaner market was valued at USD 5,380.32 million in 2020 to USD 9,736.98 million by 2027, at a CAGR of 10.39% from 2021 to 2027. Advancement in technology is a major threat for any product manufacturing company in the industry. The technology is evolving continuously, and to survive in the competitive market, various vendors are spending a huge sum on R&D and emphasizing continuous innovation to meet customers' ever-changing needs. As a result, vendors are trying to upgrade their current offerings with the following features: The increasing size of bins, developing more compact vacuum cleaners, Emphasizing lightweight, manufacturing energy-efficient vacuum cleaners that consume less power, Minimizing charging time, Improving suction power. The above factors are expected to enjoy sizeable demand and are likely to drive the market for cordless vacuum cleaners during the forecast period. The need for technologically advanced products is rising continuously due to the emergence of a tech-savvy population and dependence on more convenient options available in the market. Vacuum cleaners built with LED lights to reach the dark corners, a digital motor, and higher operating times are creating a threat for vendors who lack these features in their offerings. This is expected to pose a danger for vendors, which lag in terms of product improvement and innovation.

Global Cordless Vacuum Cleaner Market Segmentation

The overall cordless vacuum cleaner market has been segmented into categories, product type, distribution channel, end user, and regions.

• By Category (Floor, Window and Pool and Others)
• By Product Type (Upright, Canister, Stick, Handheld, and Others)
• By Distribution Channel (Online and Offline)
• By End User (Residential, Commercial)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Upright, by product, is estimated to hold the largest market share during the forecast period

Based on the product, the global cordless vacuum cleaner market has been segmented into upright, canister, stick, handheld, and others. In 2020 Software accounted for the largest market share of 46.132% in the global cordless vacuum cleaner market and had a CAGR of 31.83% during the forecast period.

Upright vacuum cleaners account for the highest share in the cordless vacuum cleaner market. These vacuum cleaners are self-standing vacuum cleaners and have a cleaning head attached to the cleaner housing. These vacuum cleaners are bulky but are very helpful in cleaning high pile carpets. Moreover, their wide-body design helps in cleaning large areas in no time. It isn't easy to clean stairs with the help of these cleaners as they are heavier than other cordless vacuum cleaners such as stick, handheld, and others. The rising electricity and labor costs in countries such as Germany, the UK, and others are driving the market for upright cordless vacuum cleaners. They are expected to boost sales during the forecast period further. Upright cordless vacuum cleaners are more popular among residential and generate higher demand than the commercial sector.

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North America accounts for the largest market share during the forecast period in the cordless vacuum cleaner market

Based on the regions, the global cordless vacuum cleaner market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, North America was accounted for the highest market share of 36.12% in the global cordless vacuum cleaner market. It was anticipated to maintain its dominance throughout the forecast period, followed by Europe and the Asia Pacific. Such a high concentration of the market in the US and Canada is a high purchasing power and a higher standard of living. Moreover, the rising concern among individuals concerning various allergies and respiratory problems is leading to greater demand.

North America is the leading market for cordless vacuum cleaners due to the higher standard of living. The majority of the population in this region is professionally engaged, due to which they do not get enough time for cleaning activities. As a result, they are looking for more comfortable and more accessible options for home cleaning. So the demand for cordless vacuum cleaners is expected to see growth in this region during the forecast period. In February 2021, there were more than 770,000 new houses sold in the country. The expansion of the residential sector in the US is expected to drive the cordless vacuum cleaner market in the country. The rising number of asthma cases and other respiratory diseases in the region increases consciousness among the population concerning their health. Many people are taking extra care to keep their surroundings free from allergens and dust. This is expected to increase the sales of cordless vacuum cleaners in the market.

Some of the major companies that operate in the global cordless vacuum cleaner market are LG, Pro Team, Hoover, GlenDimplex, Haier, Puppyoo, SharkNinja, Stanley Black & Decker, BISSELL, TTI, Electrolux, Dyson, Miele, Neato Robotics, Oreck, Bosch, Dyson, Philips, Eureka, Dirt Devil, Gtech, and IRobot.

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