NEW
YORK, June 28, 2024 /PRNewswire/ -- The global
stick vacuum cleaner market size is estimated to grow by
USD 3.67 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 4.6% during the forecast period. Growing
number of smart cities is driving market growth, with a
trend towards growing demand via online retailing.
However, threat from counterfeit products poses a
challenge. Key market players include Alfred Karcher SE and Co KG.,
Beko A and NZ Pty Ltd., BISSELL, Dyson Group Co., Eastman Chemical
Co., Electrolux AB, JS Global Lifestyle Co. Ltd., KENT RO Systems
Ltd., klinsmann Intelligent Technology, Koninklijke Philips N.V.,
LG Electronics Inc., Makita Corp., Miele and Cie. KG, Nilfisk AS,
Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics
Co. Ltd., Stanley Black and Decker
Inc., Techtronic Industries Co. Ltd., and Xiaomi Communications Co.
Ltd..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application (Home and
Commercial), Distribution Channel (Offline and Online), and
Geography (APAC, North America, Europe, South America, and Middle
East and Africa)
|
Region
Covered
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
Alfred Karcher SE and
Co KG., Beko A and NZ Pty Ltd., BISSELL, Dyson Group Co., Eastman
Chemical Co., Electrolux AB, JS Global Lifestyle Co. Ltd., KENT RO
Systems Ltd., klinsmann Intelligent Technology, Koninklijke Philips
N.V., LG Electronics Inc., Makita Corp., Miele and Cie. KG, Nilfisk
AS, Panasonic Holdings Corp., Robert Bosch GmbH, Samsung
Electronics Co. Ltd., Stanley Black and Decker Inc., Techtronic
Industries Co. Ltd., and Xiaomi Communications Co. Ltd.
|
Key Market Trends Fueling Growth
The global increase in Internet and smartphone usage has
significantly grown the online shopping trend, particularly for
consumer goods like stick vacuum cleaners. Major e-commerce
platforms offer a wide selection of brands such as Dyson and
Makita, with secure transactions and delivery options driving
demand. Omnichannel retailing and cost savings for vendors
contribute to the industry's expansion, making the stick vacuum
cleaner market a key beneficiary of this online retail
growth.
The stick vacuum cleaner market is experiencing significant
growth with various companies offering innovative solutions.
Cordless technology is a major trend, allowing for increased
mobility and convenience. Features such as powerful suction,
lightweight design, and long battery life are key considerations
for consumers. Many models offer multiple attachments for various
cleaning needs. Charging docks and easy-to-empty containers are
also popular features. Brands are focusing on improving run time
and adding smart technology for enhanced user experience. Overall,
the stick vacuum cleaner market is competitive and continuously
evolving to meet consumer demands.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The global stick vacuum cleaner market faces significant
challenges from counterfeit products. These replicas, which mimic
authentic brands, are produced at low costs and feature deceivingly
similar packaging. Retailers and consumers are often misled into
purchasing these fake products, leading to revenue losses for
vendors. Dyson Group Co. Is among the companies that have issued
warnings against counterfeit stick vacuum cleaners with fake mop
heads. Combating counterfeiting requires financial resources and
time-consuming efforts. Vendors can protect their intellectual
property by providing certifications, monitoring B2B sites, and
contacting regulatory agencies. The threat of counterfeit products
is expected to continue negatively impacting market growth.
- The stick vacuum cleaner market faces several challenges. These
include the need for longer battery life and higher suction power.
Consumers desire lighter and more maneuverable devices, yet they
want effective cleaning performance. The market also requires
affordable pricing and easy-to-use technology. Additionally, there
is a growing demand for cordless models, but concerns over charging
time and maintenance costs persist. Furthermore, the market must
cater to various floor types and textures, offering versatile
cleaning solutions. Lastly, the market must keep up with
technological advancements, such as intelligent sensors and Wi-Fi
connectivity.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This stick vacuum cleaner market report extensively covers
market segmentation by
- Application
- Distribution Channel
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Home- The Stick Vacuum Cleaner market is
experiencing significant growth due to its convenience and
portability. These devices are popular among consumers due to their
ability to clean various floor types effectively. Major players in
the industry are investing in research and development to improve
suction power and battery life. Additionally, affordable pricing
and easy maintenance contribute to the market's expansion. Overall,
the Stick Vacuum Cleaner market is a thriving business sector that
caters to the increasing demand for efficient and easy-to-use
cleaning solutions.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Stick Vacuum Cleaner market encompasses battery-powered
cleaning gadgets designed for tidiness and maintaining a clean
atmosphere in both domestic and commercial sectors. These vacuum
cleaners, available as stick models or handheld variants, cater to
the needs of households and industries for sterility and hygiene.
Equipped with advanced technology, they effectively eliminate dust,
grime, and other impurities from floors, sofas, and upholstery.
Vacuum cleaning has become a convenient and portable solution for
household chores and commercial applications, making online
transactions and trading channels a popular choice for consumers
and businesses alike. The market for battery-powered tools
continues to grow, with vacuum cleaners being a significant
contributor to the household sector and the cleaning gadgets
industry.
Market Research Overview
The Stick Vacuum Cleaner market represents a significant segment
in the broader vacuum cleaner industry. These lightweight and
versatile cleaning solutions have gained immense popularity due to
their convenience and effectiveness. Stick vacuums are designed to
provide easy maneuverability, making them ideal for cleaning hard
floors, carpets, and stairs. They typically feature rechargeable
batteries, cordless operation, and various attachments for
different cleaning needs. The market for stick vacuum cleaners is
driven by factors such as increasing consumer preference for
cordless and portable cleaning solutions, growing urbanization, and
rising disposable income. Additionally, advancements in technology
have led to the development of more powerful and efficient stick
vacuums, further fueling market growth. Overall, the Stick Vacuum
Cleaner market is poised for continued growth and innovation in the
coming years.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Distribution Channel
-
- 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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