Market Forecast By Products (Canister, Robotics, Upright & Others), By Distribution Channel (Online, Offline), By End Users (Industrial, Commercial, Residential), and Competitive Landscape
|Product Code: ETC004462||Publication Date: Jul 2022||Product Type: Report|
|Publisher: 6Wresearch||No. of Pages: 70||No. of Figures: 35||No. of Tables: 5|
In the year 2021, China was the largest exporter in terms of value, followed by Malaysia. It has registered a growth of 24.57% over the previous year. While Malaysia registered a growth of 27.54% as compare to the previous year. In the year 2017 China was the largest exporter followed by Viet Nam. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Thailand has the Herfindahl index of 3867 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of 5805 which signifies high concentration in the market.
Thailand vacuum cleaners market report thoroughly covers the market by products, distribution channels, end-users, and key regions including the central region, western region, southern region, and eastern region. The Thailand vacuum cleaners market outlook report provides an unbiased and detailed analysis of the ongoing Thailand vacuum cleaners market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Thailand vacuum cleaners market is anticipated to register progressive growth in the upcoming six years as a result of an increase in the concerns regarding maintaining a clean ambiance and promoting hygiene which plays a crucial role in the wellbeing of the population. The increase in the suburban migration in search of better livelihood is not only creating a population base for the future employment and development of the country but is also leading to an increase in the shift towards better standards of living, which is leading to an increased demand for premium house appliances and a vacuum cleaner is becoming one of them and is expected to augment successive demand projections for itself in the coming years and instigate potential growth of the Thailand vacuum cleaners market in the upcoming six years and the timeframe thereafter.
According to 6Wresearch, the Thailand Vacuum Cleaners Market size is anticipated to register growth during 2020-2026. Growing urbanization coupled with improvement in the standard of living is driving the demand for vacuum cleaners. Moreover, the growing disposable income is leading to the adoption of vacuum cleaners as regular household appliances which is further proliferating the development of the industry. A busy lifestyle coupled lack of availability of time due to work from home policy is adding to the Thailand Vacuum Cleaners Market Growth.
The COVID-19 spread has created a lot of business interruptions and has caused a significant decline in the performance of many businesses across the world. The Thailand vacuum cleaners market had been impacted by the rising effect of COVID-19 due to the government combating the effect of the novel coronavirus which has interrupted the manufacturing process of vacuum cleaners in the country and has led to a decline in the market growth of the Thailand vacuum cleaners market and a substantial drift in the revenues for the local manufacturers. However, the rising need for cleanliness and hygiene to prevent the spread of the pathogen of the disease is expected to drive demand for vacuum cleaners in the country in the coming years and benefit the vacuum cleaners manufacturers to regain growth potential in the coming years.
Thailand vacuum cleaner market is anticipated to register sound revenues in the coming timeframe backed by the rising expansion of the food processing industry. Further, Thailand is attributed as the top packed food exporter in entire Southeast Asia, and the top packed food exporting categories are canned tuna, frozen shrimp, confectioneries, and snacks coupled with surging demand for bakery product consumption in the country. On the other hand, the increased foreign direct investment is also helping in the expansion of the food processing sector, where vacuum cleaners have proven evident in the cleaning process during food preparation and are estimated to bolster the substantial growth of the Thailand vacuum cleaners market in the impending period.
On the basis of products, handheld vacuum cleaners are anticipated to gain traction in the overall Thailand vacuum cleaners market as a result of increased durability and advanced technical aid produced by the product. A boom in the real estate sector is leading to an increased and enhanced household infrastructure and as a result, is shifting trends towards an increased standard of living. This would, further, contribute towards the growth of the advent of increased demand for premium household products and is anticipated to benefit the Thailand vacuum cleaners market seeking potential growth in the coming years.
On the basis of distribution channels, the online segment dominated the overall Thailand Vacuum Cleaner Market Growth during the past years.
The Thailand Vacuum Cleaners Market report provides a detailed analysis of the following market segments:
|1. Executive Summary|
|2.1 Report Description|
|2.2 Key Highlights of The Report|
|2.3 Market Scope & Segmentation|
|2.4 Research Methodology|
|3. Thailand Vacuum Cleaners Market Overview|
|3.1 Thailand Country Indicators|
|3.2 Thailand Vacuum Cleaners Market Revenues and Volume 2016-2026F|
|3.3 Thailand Vacuum Cleaners Market Revenue Share, By-Products, 2019 & 2026F|
|3.4 Thailand Vacuum Cleaners Market Revenue Share, By Distribution Channel, 2019 & 2026F|
|3.5 Thailand Vacuum Cleaners Market Revenue Share, By End User, 2019 & 2026F|
|3.6 Thailand Vacuum Cleaners Market Revenue Share, By Regions, 2019 & 2026F|
|3.7 Thailand Vacuum Cleaners Market - Industry Life Cycle|
|3.8 Thailand Vacuum Cleaners Market - Porter’s Five Forces|
|4. Thailand Vacuum Cleaners Market Dynamics|
|4.1 Impact Analysis|
|4.2 Market Drivers|
|4.3 Market Restraints|
|5. Thailand Vacuum Cleaners Market Trends|
|6. Thailand Vacuum Cleaners Market Overview, By-Products|
|6.1 Thailand Vacuum Cleaners Market Revenues and Volume, By Canister, 2016-2026F|
|6.2 Thailand Vacuum Cleaners Market Revenues and Volume, By Upright, 2016-2026F|
|6.3 Thailand Vacuum Cleaners Market Revenues and Volume, By Robotics, 2016-2026F|
|6.4 Thailand Vacuum Cleaners Market Revenues and Volume, By Others, 2016-2026F|
|7. Thailand Vacuum Cleaners Market Overview, By Distribution Channel|
|7.1 Thailand Vacuum Cleaners Market Revenues and Volume, By Online, 2016-2026F|
|7.2 Thailand Vacuum Cleaners Market Revenues and Volume, By Offline, 2016-2026F|
|8. Thailand Vacuum Cleaners Market Overview, By End User|
|8.1 Thailand Vacuum Cleaners Market Revenues and Volume, By Industrial, 2016-2026F|
|8.2 Thailand Vacuum Cleaners Market Revenues and Volume, By Commercial, 2016-2026F|
|8.3 Thailand Vacuum Cleaners Market Revenues and Volume, By Residential, 2016-2026F|
|9. Thailand Vacuum Cleaners Market - Key Performance Indicators|
|10. Thailand Vacuum Cleaners Market - Opportunity Assessment|
|10.1 Thailand Vacuum Cleaners Market Opportunity Assessment, By-Products, 2026F|
|10.2 Thailand Vacuum Cleaners Market Opportunity Assessment, By Distribution Channel, 2026F|
|10.3 Thailand Vacuum Cleaners Market Opportunity Assessment, By End User, 2026F|
|11. Thailand Vacuum Cleaners Market Competitive Landscape|
|11.1 Thailand Vacuum Cleaners Market Revenue Share, By Company|
|11.2 Thailand Vacuum Cleaners Market Competitive Benchmarking, By Operating & Technical Parameters|
|12. Company Profiles|
|13. Key Recommendations|