India Vacuum Cleaner Market Import Shipment Trend (2020-2024)
The India vacuum cleaner market import shipment demonstrated a strong upward trajectory from 2020 to 2024, with a notable CAGR of 17.5%. The growth rate between 2023 and 2024 spiked significantly by 70.8%, indicating rapid expansion and increasing market demand during that period. The market exhibited robust growth momentum and a clear upward trend over the years.
India Vacuum Cleaners Market | Country-Wise Share and Competition Analysis
In the year 2021, China was the largest exporter in terms of value, followed by Malaysia. It has registered a growth of 86.17% over the previous year. While Malaysia registered a decline of -14.35% as compared to the previous year. In the year 2017, China was the largest exporter followed by Italy. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, India has a Herfindahl index of 3247 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of 5909 which signifies high concentration in the market.
India Vacuum Cleaners Market - Export Market Opportunities
Latest (2023) Development of the India Vacuum Cleaners Market
India Vacuum Cleaners Market has experienced major growth in recent times. The notable development of the market is robotic vacuums which use censors and algorithms for navigation while cleaning. These cleaners are widely used by homeowners who don’t have time for cleaning their homes due to buying schedules. The rise of cordless models is another exciting development in the market. The cordless models offer mobility and convenience. Technological advancement is also playing a major role in the development of the market. There is a growing emphasis on environmentally friendly vacuum cleaners in the market. The manufacturers are producing various models that consume less energy, save the bill of consumers and lessen the impact on the environment. Increasing urbanization and rising awareness about cleanliness are playing a major role in the expansion of the market. The market is constantly evolving and there are numerous opportunities present in the market.
Topics Covered In the India Vacuum Cleaners Market Report
India Vacuum Cleaners Market report thoroughly covers the market by type, distribution channel, and by region. 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.
India Vacuum Cleaners Market Synopsis
India Vacuum Cleaners Market is likely to grow in the forecast period on the back of increasing awareness about hygiene and cleanliness. More people are investing in household appliances due to rising incomes and changing lifestyles. Technological advancements and urbanization are also fuelling the growth of the market.
According to 6Wresearch, India Vacuum Cleaner Market size is projected to grow at a CAGR of 11.0% during 2022-2028. The market would continue to climb up on account of rising infections, hygienic needs, and consumer awareness towards cleanliness also, growing urbanization is driving the construction of new housing development in Delhi, Bengaluru, and Mumbai coupled with rising per capita income would act as a catalyst for the growth of vacuum cleaner market in India. Furthermore, due to rising need to balance household activities and work-from-home culture, led to an increase in demand for more vacuum cleaners. There are certain challenges present in the market. The lack of awareness among people about the benefits of vacuum cleaners is one of the major challenges. The companies find it difficult to penetrate the market as the people of India prefer traditional methods of cleaning. The affordability of the product is another challenge that restrains the growth of the market. Due to the high cost of the product, the manufacturers find it difficult to cater to the needs of various segments of society and it led to a decrease in India Vacuum Cleaners Market Growth.
Market by Type
Among the types, Deep cleaner or carpet cleaner witnessed significant market growth owing to the unavailability of domestic help, and people’s fear regarding the spread of infection changed their cleanliness and hygiene-related activities. Furthermore, its diversified usage for cleaning floors, curtains, and carpets in both residential and commercial sectors is expected to further drive sales of vacuum cleaners in the coming years.
Market by Distribution Channel
According to Dhaval, Research Manager, 6Wresearch, the online segment is expected to witness growth as the number of E-commerce platforms has witnessed major growth in recent times. The Online Channel is growing rapidly but the offline segment also has a major share in the market due to the preference of consumers and trust in the physical stores.
Market by Regions
Among the Region, the Southern region witnessed significant market growth due to the presence of major IT/ITeS service-providing companies in the cities such as Bangalore, Chennai, and others. These cities are attracting the working population from various parts of the country. Moreover, due to steady growth in household earnings, it is expected that the urban population proportion in the southern region would rise, which would further drive consumption and increase demand for vacuum cleaners in the region.
COVID-19 Impact on India Vacuum Cleaners Market
India vacuum cleaners Industry witnessed several changes due to the sudden outbreak of the pandemic. The demand for home cleaning products, including vacuum cleaners increased as people were spending more time inside their homes. The producers struggled to meet this increased demand on account of disruption in the supply chain and production shutdown. The behavior of the consumer changed and this was a major impact on the market. People were focusing heavily on health and hygiene and started investing heavily in high-quality and efficient vacuum cleaners. The pandemic led to the emergence of the remote work culture and clean and neat living space has become even more vital. People realized that it is important to clean indoor living spaces and adopted vacuum cleaners to remove dust and germs from their houses and offices.
India Vacuum Cleaners Market: Key players
These are the significant players in the market who are leading to a significant increase in India Vacuum Cleaners Market share.
- Eureka Forbes
- Panasonic
- Philips
- Dyson
- Karcher
- Black & Decker
- Inalsa
- Kent
Key attractiveness of the report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2021.
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- India Vacuum Cleaner Market Overview
- India Vacuum Cleaner Product Market Outlook
- India Vacuum Cleaner Product Market Forecast
- Historical Data and Forecast of India Vacuum Cleaner Market Revenues for the Period 2018-2028F
- Historical Data and Forecast of India Vacuum Cleaner Market Revenues, By types, for the Period 2018-2028F
- Historical Data and Forecast of India Vacuum Cleaner Market Revenues, By Sales Channel, for the Period 2018-2028F
- Historical Data and Forecast of India Vacuum Cleaner Market Revenues, By Regions, for the Period 2018-2028F
- Industry Life Cycle
- Porter’s Five Force Analysis
- Impact Analysis of COVID-19
- Market Drivers and Restraints
- Market Trends and Evolution
- India Vacuum Cleaner Market Revenues Share, By Companies
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments:
By Types
- Canister
- Deep Cleaner or Carpet Cleaner
- Handheld
- Upright
- Others (Robotic, Sweeper, Etc.)
By Distribution Channel
- Online
- Offline
By Regions
- Northern
- Western
- Southern
- Eastern
