Posted On: 2020-11-17
Deep Cleaner or Carpet Cleaner segment acquired the largest revenue share in the overall India Vacuum Cleaner market in 2019 – 6Wresearch
India vacuum cleaner market is expected to witness a significant growth in the coming years on account of increasing income of Indians and demand for a better lifestyle Additionally, the outbreak of COVID-19 has highlighted the importance of vacuum cleaners in India as unavailability of domestic help made people to switch to modern ways of cleaning and this would act in favor of the vacuum cleaner industry in the coming years as well.
According to 6Wresearch, India Vacuum Cleaner Market size is projected to grow at a CAGR of 9.2% during 2020-26F. Rising income and changing urban lifestyle would play an important role in the overall growth of demand for vacuum cleaners in the country. Additionally, government initiatives such as the “100% FDI”, which allows 51% of foreign direct investment in multi-brand retail and 100% foreign direct investment in single brand retail would attract a lot of foreign players in the years to come.
According to Mansi Bisht, Research Analyst, Research and Consulting, 6Wresearch, “By Region, Southern Region dominated the market of Vacuum Cleaner recording the highest revenue share for the year 2019 owing to an increased awareness amongst the population and maintaining a higher standard of living by upgrading to conventional things. Further, Western region holds the highest potential during the forecast period on account of upcoming development and maximum number of Tier-II cities present in the region.”
According to Ravi Kumar Gupta, Research Associate, Research and Consulting, 6Wresearch, “By types, Deep cleaner or carpet cleaner holds the highest share in vacuum cleaner market for the year 2019 owing to its special advantage of powerful suction, large storage and capabilities to clean wet and dry surfaces. Also, its high cleaning capacity makes it useful for both residential and commercial purposes. Further, Handheld vacuum cleaner are also preferred by the consumers since they occupy less space and are effective for hard-to-reach places.”
Some of the major companies in India Vacuum Cleaner market include Eureka Forbes (A subsidiary of Shapoorji Pallonji and Company Private Limited), Alfred Kärcher SE & Co. KG, Stanley Black & Decker Inc., Dyson Technology India Pvt Ltd., and Philips India Limited.
"India Vacuum Cleaner Market (2020-2026)" provides an in-depth analysis with 20 figures covered in 73 pages. The report estimates and forecasts the overall India Vacuum Cleaner market by types, distribution channel, and regions. The report provides an unbiased and detailed analysis of the India Vacuum Cleaner market on-going trends, outlook, 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.