NEW
YORK, June 17, 2024 /PRNewswire/ -- The global
high-end stick vacuum cleaner market size is estimated to grow by
USD 1.71 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a
CAGR of 4.6% during the forecast period. Increasing
popularity of luxury home appliances is driving market
growth, with a trend towards growing demand from online
retailing. However, availability of low-cost manual labor in
developing countries poses a challenge. Key market players
include AB Electrolux, Alfred Karcher SE and Co KG., Atrix
International Inc., BISSELL, Dyson Group Co., iVision Vacuum srl,
JS Global Lifestyle Co. Ltd., Koninklijke Philips N.V., LG Corp.,
Midea Group Co. Ltd., Miele and Cie. KG, Numatic International
Ltd., Panasonic Holdings Corp., Proscenic, Robert Bosch GmbH,
Samsung Electronics Co. Ltd., SEB Developpement SA, Stanley Black and Decker Inc., Techtronic
Industries Co. Ltd., Tineco Intelligent Technology Co. Ltd., and
Xiaomi Communications Co. Ltd..
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segments, customer landscape, and companies- View the
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High-End Stick
Vacuum Cleaner Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
4.6%
|
Market growth
2024-2028
|
USD 1712.7
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
4.18
|
Regional
analysis
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 35%
|
Key
countries
|
China, US, Germany,
Japan, and France
|
Key companies
profiled
|
AB Electrolux, Alfred
Karcher SE and Co KG., Atrix International Inc., BISSELL, Dyson
Group Co., iVision Vacuum srl, JS Global Lifestyle Co. Ltd.,
Koninklijke Philips N.V., LG Corp., Midea Group Co. Ltd., Miele and
Cie. KG, Numatic International Ltd., Panasonic Holdings Corp.,
Proscenic, Robert Bosch GmbH, Samsung Electronics Co. Ltd., SEB
Developpement SA, Stanley Black and Decker Inc., Techtronic
Industries Co. Ltd., Tineco Intelligent Technology Co. Ltd., and
Xiaomi Communications Co. Ltd.
|
Market Driver
The global high-end stick vacuum cleaner market is experiencing
significant growth due to the increasing adoption of online
shopping. Factors such as the growing number of Internet users,
trust in online retailing, and availability of quick shipping
contribute to this trend. Major e-commerce platforms offer a wide
range of high-end stick vacuum cleaners from brands like Dyson,
Shark, and Tineco. Secure transactions and cash-on-delivery options
further boost sales. In the US, online retail sales are projected
to reach USD1.14 trillion by 2023,
presenting cost-saving opportunities for vendors. This growth in
online retailing is expected to continue driving the high-end stick
vacuum cleaner market.
The high-end stick vacuum cleaner market is experiencing
significant growth due to increasing consumer demand for efficient
and convenient cleaning solutions. Features such as powerful
suction, lightweight design, and cordless functionality are driving
the trend. Popular brands offer various models with advanced
technologies like HEPA filtration, adjustable power settings, and
rechargeable batteries.
The market is competitive with companies continually releasing
new and innovative products. Consumers are looking for stick
vacuums that provide excellent performance, ease of use, and long
battery life. Additionally, the integration of smart technology and
Wi-Fi connectivity is becoming a desirable feature in high-end
stick vacuum cleaners. Overall, the market is expected to continue
growing as consumers seek out premium cleaning solutions for their
homes.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The global high-end stick vacuum cleaner market faces
challenges in developing countries due to the availability of
low-cost labor. Manual workers, including housemaids and commercial
cleaners, are preferred over high-end vacuum cleaners. The informal
economy, which accounts for a significant portion of the labor
force, presents issues such as high youth unemployment and skills
shortages. Additionally, child labor remains prevalent in some
regions, potentially hindering market growth. These factors
collectively impact the demand for high-end stick vacuum cleaners
in the affected markets.
- The high-end stick vacuum cleaner market faces several
challenges. Homeowners seek powerful suction and versatility in
their vacuum cleaners. Lightweight design is another essential
factor. However, maintaining a balance between power and
portability can be difficult. Components like filters and batteries
require regular maintenance. Cost is also a significant challenge,
as high-end stick vacuums can be pricey.
- Competition from other types of vacuums, such as canister and
upright models, adds to the market's complexity. Additionally,
consumers expect long battery life, effective filtration, and
easy-to-use features. Corners and tight spaces can be hard to
reach, making maneuverability a key consideration. Overall, meeting
these demands while keeping costs reasonable and maintaining a
competitive edge is a significant challenge for manufacturers in
the high-end stick vacuum cleaner market.
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challenges - Request a sample report!
Segment Overview
- Distribution Channel
- Application
- 2.1 Residential
- 2.2 Commercial
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Offline- The high-end stick vacuum cleaner
market encompasses sales through various offline channels, such as
specialty stores, department stores, hypermarkets, supermarkets,
and convenience stores. Specialty stores, including brand-specific
and multi-branded outlets, cater to consumers' preference for
purchasing high-end stick vacuum cleaners. Department stores, like
Tesco, Lowes, and Home Depot, offer a wide range of home appliances
and provide personal assistance, driving demand. Hypermarkets and
supermarkets, known for discounted prices and knowledgeable sales
personnel, anticipate increased demand for high-end stick vacuum
cleaners.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The high-end stick vacuum cleaner market caters to modern
households seeking time-saving, powerful, and versatile cleaning
solutions. These devices, featuring sleek designs and cordless
operation, offer quick cleaning technology through advanced
filtration systems and intelligent sensors.
International e-commerce platforms facilitate online
transactions for these upgraded vacuums, which may include
rechargeable batteries and powerful suction for various surfaces
such as floors, draperies, cushions, and upholstery. Heavier
vacuums have been replaced by these lightweight structures,
providing high-performance cleaning solutions without the
constraint of a wire. The battery-operated cordless vacuum cleaners
have revolutionized vacuuming jobs, offering convenience and
efficiency for users.
Market Research Overview
The High-End Stick Vacuum Cleaner market represents a
significant segment in the broader vacuum cleaner industry. These
advanced devices offer superior suction power, lightweight design,
and versatile functionality. High-end stick vacuums utilize various
technologies such as lithium-ion batteries, cyclonic filtration,
and intelligent sensors for optimal performance.
They are designed to cater to various floor types, including
hardwood, tile, and carpet. The market for these vacuums is driven
by consumer demand for convenience, effectiveness, and aesthetics.
Additionally, the increasing popularity of cordless and compact
appliances contributes to the growth of this market. The high-end
stick vacuum cleaner market is expected to continue its expansion
due to ongoing technological advancements and evolving consumer
preferences.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Distribution Channel
-
- Application
-
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio