Global Canister Vacuum Cleaner Market Size to hit $6.58 Billion Globally by 2031 at a 9.6% CAGR, says Coherent Market Insights

The global Canister Vacuum Cleaner market is estimated to be valued at US$ 3.46 Bn in 2024 and is expected to exhibit a CAGR of 9.6% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights. Companies covered: Kärcher North America, Inalsa, Delfinvacuums, Miele, Shark, Samsung, Dyson, Electrolux , LG Electronics., Hoover, Kenmore, Eureka, BISSELL, Panasonic, Hitachi, Makita, AEG, Nilfisk

/EIN News/ -- Burlingame, Aug. 20, 2024 (GLOBE NEWSWIRE) -- The global Canister Vacuum Cleaner Market Size to Grow from USD 3.46 Billion in 2024 to USD 6.58 Billion by 2031, at a Compound Annual Growth Rate (CAGR) of 9.6% during the forecast period, as highlighted in a new report published by Coherent Market Insights. Growing environmental consciousness among consumers has boosted the sales of products that consume less energy. Furthermore, introduction of innovative technologically advanced products with features like HEPA filters, self-propelling cleaning heads, and cordless operations are also fueling market growth. Strict government regulations regarding carbon footprint of household appliances will further propel the demand for energy-saving canister vacuum cleaners.

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Market Dynamics:

The global Canister Vacuum Cleaner market is primarily driven by increasing penetration of canister vacuum cleaners in commercial spaces such as hotels, hospitals, shopping malls and others. Canister vacuum cleaners are ideal for commercial cleaning as they are lightweight, easy to maneuver and have long power cords which makes them convenient to use for large areas. Moreover, canister vacuum cleaners come with various attachments such as upholstery nozzle, crevice tool etc. which allows deep cleaning of carpets, upholstery and hard to reach areas which is an important requirement in commercial cleaning.

Another major factor fueling the growth of the market is increasing adoption of robotic canister vacuum cleaners among households. Robotic vacuum cleaners can work automatically without any human intervention and are ideal for busy consumers.

Global Canister Vacuum Cleaner Market Report Coverage

Report Coverage	Details
Market Revenue in 2023	$3.46 billion
Estimated Value by 2031	$6.58 billion
Growth Rate	Poised to grow at a CAGR of 9.6%
Historical Data	2019–2023
Forecast Period	2024–2031
Forecast Units	Value (USD Million/Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Type, By Application, By Distribution Channel
Geographies Covered	North America, Europe, Asia Pacific, and Rest of World
Growth Drivers	• Growing Importance of Hygiene and Cleanliness • Innovation in Features and Designs
Restraints & Challenges	• Availability of Cheaper Alternatives • Rapid Changes in Consumer Preferences

Market Trends:

Owing to convenience of use, wireless/cordless canister vacuum cleaners are gaining increasing traction among consumers. Cordless models are not constrained by the power cord and offer freedom of movement around the house without frequent charging of outlets. Major players are focusing on improving battery life and developing ultra-lightweight cordless canister vacuum cleaners with powerful suction to meet consumer needs.

Canister vacuum cleaners manufacturers are focusing on incorporating advanced technologies such as HEPA filters, automatic carpet detection and automatic suction adjustment to offer enhanced cleaning experience. HEPA filters help in deeply cleaning allergens and ultra-fine dust particles from air. Sensors enable automatic increase or decrease in suction power based on floor surface. These new features are gaining wide acceptance among consumers.

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Wet-dry canister vacuum cleaners allow users to pick up both dry debris and liquid spills. They are commonly used for household tasks like vacuuming carpets and hard floors as well as cleaning up pet accidents, dirt, and water spills. The ability to easily convert between dry and wet pickup modes makes wet-dry canister vacuums very versatile. They are expected to remain the dominant type of canister vacuum cleaner through 2031.

Industrial cleaning applications consist of factories, warehouses, and other commercial spaces that require effective vacuuming of large areas. Canister vacuums are well-suited for industrial use due to their powerful suction, HEPA or ULPA filtration, and ability to efficiently clean large surface areas. The industrial segment accounted for over 35% of global canister vacuum cleaner sales in 2023 and is anticipated to continue dominating the market over the forecast period.

The advent of e-commerce has significantly increased online purchases of household appliances like vacuum cleaners in recent years. Canister vacuum cleaners appeal to online shoppers as they allow comparing multiple options based on suction power, filtration, accessories, and price. The online purchase channel held a 40% market share in 2023 and is predicted to grow at a faster rate than offline retail through 2031.

Key Market Takeaways:

The global canister vacuum cleaner market is anticipated to witness a CAGR of 9.6% during the forecast period 2024-2031, owing to growing demand for effective and versatile cleaning appliances for both residential and commercial use. On the basis of type, wet-dry canister vacuum cleaners are expected to hold a dominant position, owing to their ability to pick up both dry debris and liquid spills.

On the basis of application, the industrial segment is expected to hold a dominant position over the forecast period, due to requirement for powerful vacuums to clean large areas in factories and warehouses. On the basis of region, North America is expected to hold a dominant position over the forecast period, due to high spending power and rapid adoption of smart appliances.

Key players operating in the global canister vacuum cleaner market include Kacher North America, Insala, Delfinvacuums, Mile, Shark, Samsung, Dyson, Electrolux, LG Electronics, Hoover, Kenmore, Eureka, BISSELL, Panasonic, Hitachi, Makita, AEG, and Nilfisk. These players are focusing on new product launches and strategic partnerships to strengthen their market position.

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Recent Developments:

In April 2022, Electrolux, has expanded its canister vacuum range with launch of 1800W Ultimate Home 700 Canister Vacuum.

In April 2023, INALSA, expanded its current range of vacuum cleaners with launch of 3 new modes of wet & dry vacuum cleaners.

Market Segmentation:

By Type:

• Wet-Dry Canister Vacuum
• Dry Canister Vacuum

By Application:

• Industrial
• Commercial
  • Hotel/Restaurant
  • Corporate Offices
  • Retail Shops
  • Hospitals
  • Others
• Residential

By Distribution Channel:

• Online
• Offline

By Region:

North America:

• U.S.
• Canada

Latin America:

• Brazil
• Argentina
• Mexico
• Rest of Latin America

Europe:

• Germany
• U.K.
• Spain
• France
• Italy
• Russia
• Rest of Europe
  

Asia Pacific:

• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
  

Middle East:

• GCC Countries
• Israel
• Rest of Middle East
  

Africa:

• South Africa
• North Africa
• Central Africa
  

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Author Bio:

Ravina Pandya, PR Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.

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