Stick Vacuum Cleaner Market Size, Share, Growth, and Industry Analysis by Type (Cordless Vacuum Cleaner, Electric Vacuum Cleaner), by Application (Home Use, Commercial Use), Regional Insights, and Forecast To 2032

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STICK VACUUM CLEANERMARKET REPORT OVERVIEW

global stick vacuum cleaner market size was USD 17.20 billion in 2023 and market is projected to touch USD 23.98 billion by 2032 at CAGR 3.70% during the forecast period.

A stick vacuum cleaner is a light version of an upright vacuum cleaner. Expressly suitable for vacuum cleaning and convenient vacuum cleaner places. Enhanced for easier, more portable, more direct, easier vacuuming jobs where heavier vacuums can't reach, more convenient and quicker vacuuming. Stick vacuums cleaner have become a time-saving device for many due to their easy handling and quick cleaning technology.

Several international e-commerce platforms are available worldwide. The average amount spent per online transaction and the number of online transactions are increasing worldwide. The increasing number of internet users and their readiness to buy are the main factors in the popularity of online trading channels.Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 IMPACT

"Pandemic Hampered The Market Due To Unexpected Disruption In The Sector"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

LATEST TRENDS

"Use of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market.Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings.Constant innovation in manufacturing of products is anticipated to stimulate product demand.

STICK VACUUM CLEANER MARKET SEGMENTATION

By Type

According to type, the market can be segmented into cordless vacuum cleaner, electric vacuum cleaner.

Cordless vacuum cleaner will capture the maximum market share through forecast period. Cordless vacuum cleaners are battery-powered tools that are used for domestic purposes such as dusting, and cleaning floors, and other small surfaces. These products have a lightweight design and they can be easily carried from one place to another.

By Application

According to application, the market can be segmented into home use, commercial use.

Stick vacuum cleaner market players cover segment as home use will dominate the market share during forecast period.

The stick vacuum cleaner market finds application in both the home and commercial sectors. In homes, these vacuums offer convenient and efficient cleaning solutions for various surfaces such as hardwood floors, carpets, and furniture.

DRIVING FACTORS

"Increasing Popularity Of Luxury Home AppliancesTo Boost The Market Growth"

Stick vacuums are multipurpose, lightweight devices that come in a variety of sizes and styles. It is perfect for any home as it can be easily stored in a private or corner of the room. Light weight makes it easy to carry and cleans tight spaces such as stairs, corners, and tight spaces. The luxury stick vacuum has an elegant design that will add a touch of class to any home.

"Technological Advancement And Development To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the stick vacuum cleaner market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Technological advancements within the Shellac industry have led to the rise of more competent and sustainable production methods, further augmenting market growth. Constant development are one of the trends in the market in variety of practices.

RESTRAINING FACTOR

"Availability of Low Cost Manual Labour To Hamper The Market Growth"

Cheap labour is hampering development of stick vacuum cleaner market. Workers such as servants are preferred over quality stick vacuum cleaners due to low labour costs. Thus, the demand for stick vacuum cleaners remains low. Technical difficulties will reduce the industry revenue.

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STICK VACUUM CLEANERMARKET REGIONAL INSIGHTS

"Asia Pacific to Dominate The Region Due To Rapidly Developing Young Population "

Asia Pacific is further expected to witness growth in the stick vacuum cleaner market share. The region is dominating the market due to rapidly developing young population and changing lifestyle of the consumer. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List of Top Stick Vacuum Cleaner Companies

• Dyson (Singapore)
• Electrolux (Sweden)
• Shark (U.S.)
• LG Corporation (South Korea)
• Samsung Electronics (South Korea)

INDUSTRIAL DEVELOPMENT

May 2022: Samsung a South Korea based electronics corporation launched high performance premium Jet cordless stick vacuum cleaners in India that trap 99.99% of fine dust and allergies.it is outfitted with wide range of highly efficient motorised brushes that give variety cleaning option .

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.