June 13, 2024
Global Canister Vacuum Cleaner Market

The Global Canister Vacuum Cleaner Market is Gaining Traction due to Growing Demand for Cordless Vacuum Cleaners

The Global Canister Vacuum Cleaner Market is an essential part of residential cleaning solutions. Canister vacuum cleaners are bagless upright vacuums with a canister that houses the motor and collects dirt and dust. They typically feature brush rolls, extension wands, and HEPA filtration providing deeper cleaning. The motorized canister detaches from the hose, wand, and accessories, allowing for versatile above-floor and furniture cleaning.

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 To 2031.

Key Takeaways

Key players operating in the Global Canister Vacuum Cleaner Market Demand are Kärcher North America, Inalsa, Delfinvacuums, Miele, Shark, Samsung, Dyson, Electrolux , LG Electronics., Hoover, Kenmore, Eureka, BISSELL, Panasonic, Hitachi, Makita, AEG, Nilfisk. Growing demand for bagless, cordless options and innovations like adaptive cleaning heads and oscillation are fueling market growth. Manufacturers are expanding into new geographies to tap higher potential from Asia Pacific and Latin America.

The demand for canister vacuum cleaners is growing due to increasing purchasing power, small living spaces, and rising popularity of 2in1 stick vacuums and lightweight cordless options. Manufacturers are differentiating through advanced features, customization, and compact designs tailored for various cleaning needs.

Market key trends

One of the key trends gaining traction in the global canister vacuum cleaner market is the rising demand for cordless vacuum cleaners. Cordless vacuums are increasingly preferred over corded vacuums as they offer mobility and convenience of use without the hassle of power cords. Their lithium-ion battery technology provides sufficient runtime and quick recharge ability. This empowers users to clean freely anywhere and aids faster cleaning of stairs and furniture. Major players have launched innovative cordless canister models with intelligent features and superior suction to drive thecordless vacuum cleaner trend.

Porter’s Analysis

Threat of new entrants: New entrants face high initial capital requirements to enter this market as canister vacuum cleaners require significant R&D investments.

Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of product substitutes and price sensitivity of consumers.

Bargaining power of suppliers: Suppliers have moderate to high bargaining power due to differentiated components required for canister vacuum cleaners.

Threat of new substitutes: Substitutes like robotic vacuums, stick vacuums and handheld vacuums pose moderate threat to canister vacuum cleaners.

Competitive rivalry: The market is consolidated with intense competition among major players to gain market share through product innovations.

Geographical Regions

In terms of value, North America currently holds the largest share in the global canister vacuum cleaner market owing to high consumer spending and adoption of advanced cleaning appliances.

Asia Pacific is expected to be the fastest growing region during the forecast period. Rapid urbanization coupled with rising disposable incomes is positively impacting the sales of canister vacuum cleaners in countries like China and India. Changing lifestyles and growing preference for automation is also contributing to the market growth in Asia Pacific.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it