Household Vacuum Cleaners Market Share, Growth Forecast to 2028
The household vacuum cleaners market was valued at US$ 41,490.9 million in 2020 and is projected to reach US$ 58,439.6 million by 2028; it is expected to grow at a CAGR of 4.4% from 2021 to 2028.
Household vacuum cleaners is an electrical household appliance, which is used to the clean and remove debris from floors, upholstery, draperies, and other surfaces with the use of suction. The household vacuum cleaners are available in various sizes and shapes as well as in different type of models which is that includes upright, canister, handheld, and robotic, among others. To provide convenience, ease of use and efficient cleaning the household vacuum cleaners are available in cordless making it portable, which can be carried and used for cleaning different areas of the house.
Asia Pacific is the dominating as well as the fastest growing region for household vacuum cleaners market over the forecast period. This region is the centre for major manufacturers of household vacuum cleaners such as Eureka Forbes, Haier, Dyson, and Koninklijke Philips N.V, which is going to provide various growth opportunities for the household vacuum cleaners market in Asia Pacific. The hectic work life schedule along with the long working hours has increased the demand for smart home appliances, which will reduce manual effort of the households while doing the domestic chores. Along with this the shift in the consumer preference from traditional methods of cleaning to a modernized approach of cleaning is driving the growth of the household vacuum cleaner market in Asia Pacific. The increase in disposable income along with rapid urbanization in the region is driving the household vacuum cleaner market in Asia Pacific. Along with the consumer preference towards modernized cleaning approach the increase in the awareness related to the household hygiene, and rising trend of automation in day-to-day activities to save time are providing lucrative opportunities for the household vacuum cleaners market in Asia -Pacific.
COVID-19 outbreak pandemic has drastically altered the status of the household vacuum cleaners market. The outbreak has declined operational efficiency and interrupted value chains owing to the sudden closure of national and international boundaries, thereby creating revenue loss and damage. The disruptions in value chain has restricted the supply of raw material, which, in turn, is hindering the growth of the market and affecting the development of the end-use industries. However, as the economies are planning to revive their operations, the demand for household vacuum cleaners is expected to rise globally in coming months. The COVID-19 outbreak has emphasized the significance of cleanliness and hygiene practices among the populace. As per a microlearning course from the European Centre for Disease Prevention and Control, there is an evidence that SARSCoV-2 virus particles can be displaced by air and deposited onto other surfaces. Hence, cleaning of the floors becomes essential. Therefore, Oreck offers handheld and canister vacuum cleaners, which are lightweight, portable, and equipped with powerful and superior suction to tackle messes from room with ease. A few Oreck canister vacuums feature HEPA filtration to capture and trap dust, dirt, and other allergens so that messes cannot get released back into a home. Vacuuming will not eliminate SARS-CoV-2, but it will make it difficult for virus particles to get into the air, where they can be breathed in or transported onto high-touch surfaces. However, vacuuming can still significantly lessen the amount of virus by capturing and retaining debris, dust, and other particles. All these factors are anticipated to bolster the demand for household vacuum cleaners globally in coming years.
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Household Vacuum Cleaners Market: Strategic Insights
Market Size Value in US$ 41,490.9 Million in 2020 Market Size Value by US$ 58,439.6 Million by 2028 Growth rate CAGR of 4.4% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Household Vacuum Cleaners Market: Strategic Insights
| Market Size Value in | US$ 41,490.9 Million in 2020 |
| Market Size Value by | US$ 58,439.6 Million by 2028 |
| Growth rate | CAGR of 4.4% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Market Insights
Growing Preference for Vacuum Cleaners for Maintaining Hygiene
Cleaning houses manually has been a conventional method of maintaining hygiene and cleanliness at home. However, houses can be cleaned more effectively and in much less time with the help of household vacuum cleaners, compared to traditional ways of cleaning. However, the need for vacuum cleaners in the household is not just limited to cleaning, nowadays, as the devices are also being considered to keep the environment germ-free. Vacuum cleaners not only provide better and more effective means of cleaning floors but also purify the air. Companies are investing in R&D to introduce new household vacuum cleaners with advanced motor technologies to further enhance the machine's energyefficiency and performance. For instance, in September 2019, Miele announced its new cordless household vacuum cleaner with built-in high-efficiency particulate absorbing (HEPA) filters. The HEPA filters significantly enhance indoor air quality and reduce the chances of allergies and asthma by preventing the release of pollutants in air. As a result, the growing preference for household vacuum cleaners for maintaining hygiene is propelling the market growth.
Type Insights
Based on type, the household vacuum cleaners market is segmented into corded and cordless. In 2020, corded vacuum cleaners segment dominated the household vacuum cleaners market. Corded vacuum cleaners feature high suction powers as they are plugged into the main power supply. Upright, stick, wet and dry, and canister vacuum cleaners are the major products that are offered in corded variants. The corded vacuum cleaners are a suitable choice for cleaning bigger spaces. The dust capacity of the corded vacuum cleaners is higher than the cordless ones. The corded vacuum cleaners are portable up to a certain extent, as the portable corded vacuum cleaner are available with power cord of considerable length such as the Eureka Forbes multiclean vacuum cleaner having a power cord of approximately 16 feet. Wrapping up the cord is one of the major issues faced by consumers while using this type of cleaner.
A few of the key market players operating in the household vacuum cleaners market are BISSELL; Electrolux; Koninklijke Philips N.V.; Stanley Black & Decker, Inc.; Haier Group; Dyson Limited; Eureka Forbes; Groupe SEB; Miele; and Oreck Corporation. Major players in the market are focusing on strategies such as mergers and acquisitions and product launches to expand the geographic presence and consumer base.
Report Spotlights
- Progressive trends in the household vacuum cleaners industry to help players develop effective long-term strategies
- Business growth strategies adopted by companies to secure growth in developed and developing markets
- Quantitative analysis of the global household vacuum cleaners market from 2019 to 2028
- Estimation of the demand for household vacuum cleaners across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and the demand for household vacuum cleaners
- Market trends and outlook coupled with factors driving and restraining the growth of the household vacuum cleaners market
- Understanding regarding the strategies that underpin commercial interest with regard to global household vacuum cleaners market growth, aiding in the decision-making process
- Household vacuum cleaners market size at various nodes of market
- Detailed overview and segmentation of the global household vacuum cleaners market as well as its industry dynamics
- Household vacuum cleaners market size in various regions with promising growth opportunities
Household Vacuum Cleaners Market Report Scope
Household Vacuum Cleaners Market, by Product
- Upright
- Canister
- Handheld
- Robotic
- Stick
- Others
Household Vacuum Cleaners Market, by Type
- Corded
- Cordless
Household Vacuum Cleaners Market, by Distribution Channel
- Offline
- Online
Company Profiles
- BISSELL
- Electrolux
- Koninklijke Philips N.V.
- Stanley Black & Decker, Inc.
- Haier Group
- Dyson Limited
- Eureka Forbes
- Groupe SEB
- Miele
- Oreck Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product , Type , and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Robotic vacuum cleaners are smart devices that handle cleaning chores with just a single click. These devices are a perfect choice for people that cannot make time for sweeping and cleaning. The robotic vacuum cleaners move around the house autonomously while collecting the dust and debris present on surfaces into an attached dustbin. These vacuum cleaners navigate around the furniture and come back to their docking station to recharge their batteries. The ease of usage of this product and its compact size has aided the demand growth of robotic household vacuum cleaners.
The major players operating in the global household vacuum cleaners market are BISSELL; Electrolux; Koninklijke Philips N.V.; Stanley Black & Decker, Inc.; Haier Group; Dyson Limited; Eureka Forbes; Groupe SEB; Miele; and Oreck Corporation among many others.
Household vacuum cleaner is an electrical household appliance which is used to clean and remove debris from floors, upholstery, draperies, and other surfaces with the use of suction. They are available in various shapes and sizes. Household vacuum cleaners market has been segmented into upright, stick, canister, robotic, handheld, and others based on product. On the basis of type, the market has been segmented into corded and cordless. The distribution channel segment includes offline and online.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Global Household Vacuum Cleaners Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.4 Asia Pacific
4.2.5 Middle East and Africa
4.2.7 South and Central America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Household Vacuum Cleaners Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Working Population
5.1.2 Growing Preference for Vacuum Cleaners for Maintaining Hygiene
5.2 Market Restraints
5.2.1 Elevated Spending on Electricity and Maintenance Costs of Vacuum Cleaners
5.3 Market Opportunities
5.3.1 Technological Innovations in Vacuum Cleaners
5.4 Future Trends
5.4.1 Emergence of Robotic Vacuum Cleaners
5.5 Impact Analysis of Drivers and Restraint
6. Global Household Vacuum Cleaners Market– Global Analysis
6.1 Global Market Overview
6.2 Household Vacuum Cleaners Market –Revenue and Forecast To 2028 (US$ Million)
6.3 Market Positioning – Global Market Players
7. Global Household Vacuum Cleaners Market Analysis – By Product
7.1 Overview
7.2 Global Household Vacuum Cleaners Market Breakdown, by Product, 2020 & 2028
7.3 Upright
7.3.1 Overview
7.3.2 Upright: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Stick
7.4.1 Overview
7.4.2 Stick: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Robotic
7.5.1 Overview
7.5.2 Robotic: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Handheld
7.6.1 Overview
7.6.2 Handheld: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Canister
7.7.1 Overview
7.7.2 Canister: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
8. Global Household Vacuum Cleaners Market Analysis – By Type
8.1 Overview
8.2 Global Household Vacuum Cleaners Market Breakdown, by Type, 2020 & 2028
8.3 Corded
8.3.1 Overview
8.3.2 Corded: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Cordless
8.4.1 Overview
8.4.2 Cordless: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
9. Global Household Vacuum Cleaners Market Analysis – By Distribution Channel
9.1 Overview
9.2 Global Household Vacuum Cleaners Market Breakdown, by Distribution Channel, 2020 & 2028
9.3 Offline
9.3.1 Overview
9.3.2 Offline: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Online
9.4.1 Overview
9.4.2 Online: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10. Household Vacuum Cleaners Market – Geographic Analysis
10.1 Overview
10.2 North America
10.2.1 North America: Household Vacuum Cleaners Market –Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Household Vacuum Cleaners Market, By Product Type
10.2.3 North America: Household Vacuum Cleaners Market, By Type
10.2.4 North America: Household Vacuum Cleaners Market, by Distribution Channel
10.2.5 North America: Household Vacuum Cleaners Market, by Key Country
10.2.5.1 US: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Household Vacuum Cleaners Market, by Product Type
10.2.5.1.2 US: Household Vacuum Cleaners Market, by Type
10.2.5.1.3 US: Household Vacuum Cleaners Market, by Distribution Channel
10.2.5.2 Canada: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Household Vacuum Cleaners Market, by Product Type
10.2.5.2.2 Canada: Household Vacuum Cleaners Market, by Type
10.2.5.2.3 Canada: Household Vacuum Cleaners Market, by Distribution Channel
10.2.5.3 Mexico: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Household Vacuum Cleaners Market, by Product Type
10.2.5.3.2 Mexico: Household Vacuum Cleaners Market, by Type
10.2.5.3.3 Mexico: Household Vacuum Cleaners Market, by Distribution Channel
10.3 Europe
10.3.1 Europe: Household Vacuum Cleaners Market –Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Household Vacuum Cleaners Market, By Product Type
10.3.3 Europe: Household Vacuum Cleaners Market, by Type
10.3.4 Europe: Household Vacuum Cleaners Market, by Distribution Channel
10.3.5 Europe: Household Vacuum Cleaners Market, by Key Country
10.3.5.1 Germany: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Household Vacuum Cleaners Market, by Product Type
10.3.5.1.2 Germany: Household Vacuum Cleaners Market, by Type
10.3.5.1.3 Germany: Household Vacuum Cleaners Market, by Distribution Channel
10.3.5.2 France: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 France: Household Vacuum Cleaners Market, by Product Type
10.3.5.2.2 France: Household Vacuum Cleaners Market, by Type
10.3.5.2.3 France: Household Vacuum Cleaners Market, by Distribution Channel
10.3.5.3 Italy: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Household Vacuum Cleaners Market, by Product Type
10.3.5.3.2 Italy: Household Vacuum Cleaners Market, by Type
10.3.5.3.3 Italy: Household Vacuum Cleaners Market, by Distribution Channel
10.3.5.4 UK: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Household Vacuum Cleaners Market, by Product Type
10.3.5.4.2 UK: Household Vacuum Cleaners Market, by Type
10.3.5.4.3 UK: Household Vacuum Cleaners Market, by Distribution Channel
10.3.5.5 Russia: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Household Vacuum Cleaners Market, by Product Type
10.3.5.5.2 Russia: Household Vacuum Cleaners Market, by Type
10.3.5.5.3 Russia: Household Vacuum Cleaners Market, by Distribution Channel
10.3.5.6 Rest of Europe: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Household Vacuum Cleaners Market, by Product Type
10.3.5.6.2 Rest of Europe: Household Vacuum Cleaners Market, by Type
10.3.5.6.3 Rest of Europe: Household Vacuum Cleaners Market, by Distribution Channel
10.4 Asia-Pacific: Household Vacuum Cleaners Market
10.4.1 Asia-Pacific: Household Vacuum Cleaners Market –Revenue and Forecast to 2028 (US$ Million)
10.4.2 Asia-Pacific: Household Vacuum Cleaners Market, By Product Type
10.4.3 Asia-Pacific: Household Vacuum Cleaners Market, by Type
10.4.4 Asia-Pacific: Household Vacuum Cleaners Market, by Distribution Channel
10.4.5 Asia-Pacific: Household Vacuum Cleaners Market, by Key Country
10.4.5.1 Australia: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 Australia: Household Vacuum Cleaners Market, by Product Type
10.4.5.1.2 Australia: Household Vacuum Cleaners Market, by Type
10.4.5.1.3 Australia: Household Vacuum Cleaners Market, by Distribution Channel
10.4.5.2 China: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 China: Household Vacuum Cleaners Market, by Product Type
10.4.5.2.2 China: Household Vacuum Cleaners Market, by Type
10.4.5.2.3 China: Household Vacuum Cleaners Market, by Distribution Channel
10.4.5.3 Japan: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 Japan: Household Vacuum Cleaners Market, by Product Type
10.4.5.3.2 Japan: Household Vacuum Cleaners Market, by Type
10.4.5.3.3 Japan: Household Vacuum Cleaners Market, by Distribution Channel
10.4.5.4 India: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 India: Household Vacuum Cleaners Market, by Product Type
10.4.5.4.2 India: Household Vacuum Cleaners Market, by Type
10.4.5.4.3 India: Household Vacuum Cleaners Market, by Distribution Channel
10.4.5.5 South Korea: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 South Korea: Household Vacuum Cleaners Market, by Product Type
10.4.5.5.2 South Korea: Household Vacuum Cleaners Market, by Type
10.4.5.5.3 South Korea: Household Vacuum Cleaners Market, by Distribution Channel
10.4.5.6 Rest of Asia-Pacific: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of Asia-Pacific: Household Vacuum Cleaners Market, by Product Type
10.4.5.6.2 Rest of Asia-Pacific: Household Vacuum Cleaners Market, by Type
10.4.5.6.3 Rest of Asia-Pacific: Household Vacuum Cleaners Market, by Distribution Channel
10.5 Middle East and Africa: Household Vacuum Cleaners Market
10.5.1 Middle East and Africa: Household Vacuum Cleaners Market –Revenue and Forecast to 2028 (US$ Million)
10.5.2 Middle East and Africa: Household Vacuum Cleaners Market, By Product
10.5.3 Middle East and Africa: Household Vacuum Cleaners Market, by Type
10.5.4 Middle East and Africa: Household Vacuum Cleaners Market, by Distribution Channel
10.5.5 Middle East and Africa: Household Vacuum Cleaners Market, by Key Country
10.5.5.1 South Africa: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Household Vacuum Cleaners Market, by Product Type
10.5.5.1.2 South Africa: Household Vacuum Cleaners Market, by Type
10.5.5.1.3 South Africa: Household Vacuum Cleaners Market, by Distribution Channel
10.5.5.2 Saudi Arabia: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 Saudi Arabia: Household Vacuum Cleaners Market, by Product Type
10.5.5.2.2 Saudi Arabia: Household Vacuum Cleaners Market, by Type
10.5.5.2.3 Saudi Arabia: Household Vacuum Cleaners Market, by Distribution Channel
10.5.5.3 UAE: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 UAE: Household Vacuum Cleaners Market, by Product Type
10.5.5.3.2 UAE: Household Vacuum Cleaners Market, by Type
10.5.5.3.3 UAE: Household Vacuum Cleaners Market, by Distribution Channel
10.5.5.4 Rest of Middle East and Africa: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of the Middle East and Africa: Household Vacuum Cleaners Market, by Product Type
10.5.5.4.2 Rest of the Middle East and Africa: Household Vacuum Cleaners Market, by Type
10.5.5.4.3 Rest of the Middle East and Africa: Household Vacuum Cleaners Market, by Distribution Channel
10.6 South and Central America
10.6.1 South and Central America: Household Vacuum Cleaners Market –Revenue and Forecast to 2028 (US$ Million)
10.6.2 South and Central America: Household Vacuum Cleaners Market, By Product
10.6.3 South and Central America: Household Vacuum Cleaners Market, By Type
10.6.4 South and Central America: Household Vacuum Cleaners Market, by Distribution Channel
10.6.5 South and Central America: Household Vacuum Cleaners Market, by Key Country
10.6.5.1 Brazil: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Household Vacuum Cleaners Market, by Product Type
10.6.5.1.2 Brazil: Household Vacuum Cleaners Market, by Type
10.6.5.1.3 Brazil: Household Vacuum Cleaners Market, by Distribution Channel
10.6.5.2 Argentina: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Household Vacuum Cleaners Market, by Product Type
10.6.5.2.2 Argentina: Household Vacuum Cleaners Market, by Type
10.6.5.2.3 Argentina: Household Vacuum Cleaners Market, by Distribution Channel
10.6.5.3 Rest of South and Central America: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of South and Central America: Household Vacuum Cleaners Market, by Product Type
10.6.5.3.2 Rest of South and Central America: Household Vacuum Cleaners Market, by Type
10.6.5.3.3 Rest of South and Central America: Household Vacuum Cleaners Market, by Distribution Channel
11. Impact of COVID-19 Pandemic on Global Household Vacuum Cleaners Market
11.1 Overview
11.2 Impact of COVID-19 Pandemic on Household Vacuum Cleaners Market
11.3 North America: Impact Assessment of COVID-19 Pandemic
11.4 Europe: Impact Assessment of COVID-19 Pandemic
11.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.2 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.3 South America and Central America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Product Launch
12.2 Merger and Acquisition
13. Company Profiles
13.1 BISSELL
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Electrolux
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Dyson Limited
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Eureka Forbes
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Groupe SEB
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Haier Group
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Koninklijke Philips N.V.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Miele
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Oreck Corporation
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Stanley Black & Decker, Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
LIST OF TABLES
Table 1. Household Vacuum Cleaners Market –Revenue and Forecast To 2028 (US$ Million)
Table 2. North America Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Household Vacuum Cleaners Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 6. US Household Vacuum Cleaners Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 7. US Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico Household Vacuum Cleaners Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 14. Europe Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 17. Germany Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Germany Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 20. France Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. France Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 22. France Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 23. Italy Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Italy Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 26. UK Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. UK Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 28. UK Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 29. Russia Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. Russia Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of Europe Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of Europe Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 35. Asia-Pacific Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. Asia-Pacific Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 37. Asia-Pacific Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 38. Australia Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. Australia Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 40. Australia Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 41. China Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. China Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 43. China Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 44. Japan Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. Japan Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 46. Japan Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 47. India Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 48. India Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. India Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 50. South Korea Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. South Korea Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 52. South Korea Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 53. Rest of Asia-Pacific Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of Asia-Pacific Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of Asia-Pacific Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 56. Middle East and Africa Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 57. Middle East and Africa Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 58. Middle East and Africa Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 59. South Africa Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 60. South Africa Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 61. South Africa Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 62. Saudi Arabia Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 63. Saudi Arabia Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 64. Saudi Arabia Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 65. UAE Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 66. UAE Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 67. UAE Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 68. Rest of the Middle East and Africa Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 69. Rest of the Middle East and Africa Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 70. Rest of the Middle East and Africa Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 71. South and Central America Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 72. South and Central America Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 73. South and Central America Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 74. Brazil Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 75. Brazil Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 76. Brazil Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 77. Argentina Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 78. Argentina Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 79. Argentina Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 80. Rest of South and Central America Household Vacuum Cleaners Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 81. Rest of South and Central America Household Vacuum Cleaners Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 82. Rest of South and Central America Household Vacuum Cleaners Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
LIST OF FIGURES
Figure 1. Global Household Vacuum Cleaners Market Segmentation
Figure 2. Global Household Vacuum Cleaners Market Segmentation – By Geography
Figure 3. Global Household Vacuum Cleaners Market Overview
Figure 4. Canister Segment Held Largest Share of Global Household Vacuum Cleaners Market
Figure 5. Asia Pacific Region Held Largest Share of Global Household Vacuum Cleaners Market
Figure 6. Global Household Vacuum Cleaners Market, Industry Landscape
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. Asia Pacific: PEST Analysis
Figure 10. Middle East and Africa: PEST Analysis
Figure 11. South and Central America: PEST Analysis
Figure 12. Household Vacuum Cleaners Market, Ecosystem
Figure 13. Expert Opinion
Figure 14. Global Household Vacuum Cleaners Market Impact Analysis of Drivers and Restraints
Figure 15. Geographic Overview of Global Household Vacuum Cleaner Market
Figure 16. Global: Household Vacuum Cleaners Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Global Household Vacuum Cleaners Market Breakdown, by Product, 2020 & 2028
Figure 18. Upright: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Stick: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Robotic: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Handheld: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Canister: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Others: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Global Household Vacuum Cleaners Market Breakdown, by Type, 2020 & 2028
Figure 25. Corded: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Cordless: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Global Household Vacuum Cleaners Market Breakdown, by Distribution Channel, 2020 & 2028
Figure 28. Offline: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Online: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Global Household Vacuum Cleaners Market Revenue Share, By Region (2020 and 2028)
Figure 31. North America: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. North America: Household Vacuum Cleaners Market Revenue Share, by Product Type (2020 and 2028)
Figure 33. North America: Household Vacuum Cleaners Market Revenue Share, by Type (2020 and 2028)
Figure 34. North America: Household Vacuum Cleaners Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 35. North America: Household Vacuum Cleaners Market Revenue Share, by Key Country (2020 and 2028)
Figure 36. US: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Canada: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Mexico: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Europe: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Europe: Household Vacuum Cleaners Market Revenue Share, by Product Type (2020 and 2028)
Figure 41. Europe: Household Vacuum Cleaners Market Revenue Share, by Type (2020 and 2028)
Figure 42. Europe: Household Vacuum Cleaners Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 43. Europe: Household Vacuum Cleaners Market Revenue Share, by Key Country (2020 and 2028)
Figure 44. Germany: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. France: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Italy: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. UK: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. Russia: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Rest of Europe: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Asia-Pacific: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Asia-Pacific: Household Vacuum Cleaners Market Revenue Share, by Product Type (2020 and 2028)
Figure 52. Asia-Pacific: Household Vacuum Cleaners Market Revenue Share, by Type (2020 and 2028)
Figure 53. Asia-Pacific: Household Vacuum Cleaners Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 54. Asia-Pacific: Household Vacuum Cleaners Market Revenue Share, by Key Country (2020 and 2028)
Figure 55. Australia: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. China: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. Japan: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. India: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. South Korea: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. Rest of Asia-Pacific: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. Middle East and Africa: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. Middle East and Africa: Household Vacuum Cleaners Market Revenue Share, by Product Type (2020 and 2028)
Figure 63. Middle East and Africa: Household Vacuum Cleaners Market Revenue Share, by Type (2020 and 2028)
Figure 64. Middle East and Africa: Household Vacuum Cleaners Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 65. Middle East and Africa: Household Vacuum Cleaners Market Revenue Share, by Key Country (2020 and 2028)
Figure 66. South Africa: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. Saudi Arabia: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. UAE: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. Rest of Middle East and Africa: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. South and Central America: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. South and Central America: Household Vacuum Cleaners Market Revenue Share, by Product Type (2020 and 2028)
Figure 72. South and Central America: Household Vacuum Cleaners Market Revenue Share, by Type (2020 and 2028)
Figure 73. South and Central America: Household Vacuum Cleaners Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 74. South and Central America: Household Vacuum Cleaners Market Revenue Share, by Key Country (2020 and 2028)
Figure 75. Brazil: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 76. Argentina: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 77. Rest of South and Central America: Household Vacuum Cleaners Market – Revenue and Forecast to 2028 (US$ Million)
Figure 78. Impact of COVID-19 Pandemic in North American Country Markets
Figure 79. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 80. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 81. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 82. Impact of COVID-19 Pandemic in South America and Central America Country Markets
The List of Companies - Household Vacuum Cleaners Market
- BISSELL
- Electrolux
- Koninklijke Philips N.V.
- Stanley Black & Decker, Inc.
- Haier Group
- Dyson Limited
- Eureka Forbes
- Groupe SEB
- Miele
- Oreck Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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