Malaysia Vacuum Cleaners Market (2020-2026) | Industry, Analysis, Companies, Value, Trends, Revenue, Outlook, COVID-19 IMPACT, Forecast, Share, Size & Growth

Malaysia Vacuum Cleaners Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by Viet Nam. It has registered a growth of 80.17% over the previous year. While Viet Nam registered a decline of -13.44% as compared to the previous year. In the year 2017, China was the largest exporter followed by the Philippines. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Malaysia has a Herfindahl index of 2540 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  8166 which signifies high concentration in the market.

Malaysia Vacuum Cleaners Market - Export Market Opportunities

Latest (2023) Development of the Malaysia Vacuum Cleaners Market

Malaysia Vacuum Cleaners Market is evolving rapidly to meet the changing needs of consumers. There will be a significant surge in the demand for cordless vacuum cleaners by 2023 as these latest models are lightweight, easy to use, and compact. The rise of smart technology is another exciting development in the Market.  There is the incorporation of Wi-Fi connectivity in the vacuum cleaner to monitor its progress and set cleaning schedules daily. Robotic vacuum cleaners are popular in the market as they offer a hands-free cleaning experience and are equipped with advanced technology. Environmental concerns among Malaysian consumers are leading to the popularity of eco-friendly vacuums. This latest development in the market has positively shifted the market towards innovative technologies.

Topics Covered In Malaysia Vacuum Cleaners Market Report

The Malaysia Vacuum Cleaners Market report thoroughly covers the market by product, distribution channel, and end users. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Malaysia Vacuum Cleaners Market Synopsis

Malaysia Vacuum Cleaners Market is expected to grow in the forecast period mainly due to rising awareness about the issues of sustainability. The increasing adoption of smart home technology is bolstering the growth of the market. The rise of e-commerce platforms in the country is propelling the market growth.

According to 6Wresearch, the Malaysia Vacuum Cleaners Market size is anticipated to register sound growth during 2020-2026. Various factors can be attributed to the success of the market. The changing lifestyles of the population and the increase in the adoption of modern cleaning devices have led to the major development of the market. The rising disposable incomes of the households of Malaysia have led consumers to spend more time on cleaning equipment. The popularity of vacuum cleaners has increased on the back of increased awareness about health and hygiene. Advancement in technology has also made the design and functionality of the equipment more effective than before. The overall success of the market can be attributed to the fact that it is a major part of the Asia Pacific (APAC) Vacuum Cleaners Market. Certain challenges needs addressed for the development of the market. The reluctance by consumers to spend less on vacuum cleaners and lack of awareness about the advanced features and benefits of cleaning instruments has hampered the growth of the market.

COVID-19 Impact on Malaysia Vacuum Cleaners Market

The COVID-19 pandemic led to a major increase in demand for vacuum cleaners market in Malaysia. The sales of the product increased as consumers were looking for ways to keep their homes free from harmful germs and viruses to reduce the risk of transmission. Online shopping platforms witnessed major demand for the instruments as physical stores were closed. Digital channels gained popularity during the pandemic. COVID-19 also led to a major shift towards high-end and advanced technology vacuum cleaners as cleanliness became prioritization after the outbreak. These factors led to a remarkable increase in Malaysia Vacuum Cleaners Market Share.

Malaysia Vacuum Cleaners Market: Key Players

These are the prominent players in the market who are striving hard to meet the changing demands of consumers by focusing on designs and the latest technologies. These companies have led to Malaysia Vacuum Cleaners Market Growth.

• Dyson
• Samsung
• Philips
• Electrolux
• LG Electronics
• Panasonic
• Midea

Future of the Malaysia Vacuum Cleaners Market

The future of the Malaysia Vacuum Cleaners Industry is positive. Due to the increasing demand for energy-efficient and smart devices by consumers, the producers are investing heavily in the research and development domain to meet this growing need.  The rising disposable incomes among households will also propel growth in the market as more people become able to purchase appliances such as Vacuum Cleaners. The government initiatives aimed at promoting sustainable lifestyles by reducing electricity consumption are expected to further stimulate growth in the market in the forthcoming years.

Market by Product

According to Ravi Bhandari, Research Head, 6Wresearch, the canister segment is expected to witness substantial growth on account of its suitability for various surfaces.

Market by Distribution Channel

The online segment has a large share of the market as the online modes provide reasonable prices and a wide range of choices to consumers.

Market by End Users

Based on end users, the market is divided into industrial, commercial, and residential. The residential segment is likely to dominate the market in the forecast period due to the demand for effective and efficient cleaning solutions by the residents.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Malaysia Vacuum Cleaners Market Overview
• Malaysia Vacuum Cleaners Market Outlook
• Malaysia Vacuum Cleaners Market Forecast
• Historical Data of Malaysia Vacuum Cleaners Market Revenues & Volume for the Period 2016-2019
• Malaysia Vacuum Cleaners Market Size and Malaysia Vacuum Cleaners Market Forecast of Revenues & Volume, Until 2026
• Historical Data of Malaysia Vacuum Cleaners Market Revenues & Volume, by Products, for the Period 2016-2019
• Market Size & Forecast of Malaysia Vacuum Cleaners Market Revenues & Volume, by Products, Until 2026
• Historical Data of Malaysia Vacuum Cleaners Market Revenues, by Distribution Channel, for the Period 2016-2019
• Market Size & Forecast of Malaysia Vacuum Cleaners Market Revenues, by Distribution Channel, Until 2026
• Historical Data of Malaysia Vacuum Cleaners Market Revenues, by End Users, for the Period 2016-2019
• Market Size & Forecast of Malaysia Vacuum Cleaners Market Revenues, by End Users, Until 2026
• Historical Data of Central Region Vacuum Cleaners Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Central Region Vacuum Cleaners Market Revenues, Until 2026
• Historical Data of Western Region Vacuum Cleaners Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Western Region Vacuum Cleaners Market Revenues, Until 2026
• Historical Data of Southern Region Vacuum Cleaners Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Southern Region Vacuum Cleaners Market Revenues, Until 2026
• Historical Data of Eastern Region Vacuum Cleaners Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Eastern Region Vacuum Cleaners Market Revenues, Until 2026
• Market Drivers and Restraints
• Malaysia Vacuum Cleaners Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Malaysia Vacuum Cleaners Market Share, By Players
• Malaysia Vacuum Cleaners Market Share, By Regions
• Malaysia Vacuum Cleaners Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Malaysia Vacuum Cleaners Market report provides a detailed analysis of the following market segments:

By Products

• Canister
• Robotics
• Upright
• Others

By Distribution Channel

• Online
• Offline

By End Users

• Industrial
• Commercial
• Residential