Market Forecast By Products (Canister, Robotics, Upright & Others), By Distribution Channel (Online, Offline), By End Users (Industrial, Commercial, Residential) and Competitive Landscape
Product Code: ETC004432 | Publication Date: Sep 2020 | Updated Date: Jun 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
In the year 2021, China was the largest exporter in terms of value, followed by the USA. It has registered a growth of 115% over the previous year. While the USA registered a growth of 42.16% 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, Nigeria has a Herfindahl index of 1611 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of 3510 which signifies high concentration in the market.
Nigeria Vacuum Cleaners Market is witnessing robust growth on the account of introduction of new and innovative technology which are improving cleaning efficiency. The advancement is giving new dimensions to house cleaning. The emergence of robotic vacuum cleaners is one of the key development in the market. Sensors and mapping technology are widely used in these intelligent machines for navigation. The cordless vacuum is another exciting development in the market. These latest models provide greater flexibility and also allow users to move freely around their houses while cleaning their houses, have long-lasting batteries, and function for a longer period. The producers of vacuum cleaners are introducing advanced features such as wireless connection, sensors, and voice control to meet the changing demands of the consumer. Environment-friendly and energy-efficient models are gaining popularity among consumers.
Nigeria Vacuum Cleaners Market report thoroughly covers the market by product, distribution channel, and by 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.
Nigeria Vacuum Cleaners Market is expected to grow in the forecast period mainly due to the increasing middle class and urbanization. There is a need for effective cleaning solutions as Nigerians are moving towards cities and apartments. Increasing awareness about hygiene and cleanliness is also fuelling the growth of the market.
According to 6Wresearch, the Nigeria Vacuum Cleaners Market size is anticipated to register growth during 2020-2026. The market is witnessing robust growth in recent years on account of increasing awareness about hygiene and cleanliness. People are becoming more health conscious and they are adopting various measures to keep homes free from dust and pollutants. The rising income of consumers is another factor contributing to the growth of the market. People can now afford vacuum cleaners due to improved economic conditions. Technological advancement has propelled the demand for vacuum cleaners as manufacturers have introduced a wide range of innovative features. Certain challenges exist in the market. The low purchasing power of consumers is one of the significant challenges faced by the market. It is difficult for Nigerians to afford the product as they live below the poverty line. The inadequate infrastructure is another major challenge in the market. There is a prevalence of power outages in the country and vacuum cleaners become useless during this period.
The COVID-19 spread has created a lot of business interruptions and has caused a significant decline in the performance of many businesses across the world. The Nigeria vacuum cleaners Industry had been impacted by the rising effect of COVID-19 due to the government's to combat the effect of the novel coronavirus which has interrupted the manufacturing process of vacuum cleaners in the country and has led to a decline in the market growth of the Nigeria vacuum cleaners market and a substantial drift in the revenues for the local manufacturers. However, the rising need for cleanliness and hygiene to prevent the spread of the pathogen of the disease is expected to drive demand for vacuum cleaners in the country in the coming years and benefit the vacuum cleaners manufacturers to regain growth potential in the coming years.
These are the key players in the market who are manufacturing Environment-friendly and energy-efficient models leading to a tremendous rise in Nigeria Vacuum Cleaners Market share.
Based on the product, the canister Vacuum is leading the market due to its lower price and ease of use. These Vacuum cleaners are apt for cleaning surfaces and are widely used by the population of Nigeria leading to an increase in Nigeria Vacuum Cleaners Market growth
Based on distribution channels, the online distribution channel domain of the overall Nigeria vacuum cleaners market is anticipated to witness the highest revenues in the coming years on the back of an increase in doorstep delivery to the consumers along with lucrative discount offers provided to the consumers which are anticipated to bring in progressive growth prospects for the online distribution channels in the market and bring in vast avenues for the growth of the potential investors of the Nigeria vacuum cleaners market and proliferate the market growth in the upcoming six years and the timeframe thereafter.
According to Dhaval, Research Manager, 6Wresearch, the Industrial end users are expected to witness growth due to the increased demand for cleaning services in the industrial sector such as factories and warehouses.
The report offers a comprehensive study of the subsequent market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Nigeria Vacuum Cleaners Market Overview |
3.1 Nigeria Vacuum Cleaners Market Revenues and Volume 2016-2026F |
3.2 Nigeria Vacuum Cleaners Market Revenue Share, By Products, 2019 & 2026F |
3.3 Nigeria Vacuum Cleaners Market Revenue Share, By Distribution Channel, 2019 & 2026F |
3.4 Nigeria Vacuum Cleaners Market Revenue Share, By End User, 2019 & 2026F |
3.5 Nigeria Vacuum Cleaners Market Revenue Share, By Regions, 2019 & 2026F |
3.6 Nigeria Vacuum Cleaners Market - Industry Life Cycle |
3.7 Nigeria Vacuum Cleaners Market - Porter’s Five Forces |
4. Nigeria Vacuum Cleaners Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Nigeria Vacuum Cleaners Market Trends |
6. Nigeria Vacuum Cleaners Market Overview, By Products |
6.1 Nigeria Vacuum Cleaners Market Revenues and Volume, By Canister, 2016-2026F |
6.2 Nigeria Vacuum Cleaners Market Revenues and Volume, By Upright, 2016-2026F |
6.3 Nigeria Vacuum Cleaners Market Revenues and Volume, By Robotics, 2016-2026F |
6.4 Nigeria Vacuum Cleaners Market Revenues and Volume, By Others, 2016-2026F |
7. Nigeria Vacuum Cleaners Market Overview, By Distribution Channel |
7.1 Nigeria Vacuum Cleaners Market Revenues and Volume, By Online, 2016-2026F |
7.2 Nigeria Vacuum Cleaners Market Revenues and Volume, By Offline, 2016-2026F |
8. Nigeria Vacuum Cleaners Market Overview, By End User |
8.1 Nigeria Vacuum Cleaners Market Revenues and Volume, By Industrial, 2016-2026F |
8.2 Nigeria Vacuum Cleaners Market Revenues and Volume, By Commercial, 2016-2026F |
8.3 Nigeria Vacuum Cleaners Market Revenues and Volume, By Residential, 2016-2026F |
9. Nigeria Vacuum Cleaners Market - Key Performance Indicators |
10. Nigeria Vacuum Cleaners Market - Opportunity Assessment |
10.1 Nigeria Vacuum Cleaners Market Opportunity Assessment, By Products, 2026F |
10.2 Nigeria Vacuum Cleaners Market Opportunity Assessment, By Distribution Channel, 2026F |
10.3 Nigeria Vacuum Cleaners Market Opportunity Assessment, By End User, 2026F |
11. Nigeria Vacuum Cleaners Market Competitive Landscape |
11.1 Nigeria Vacuum Cleaners Market Revenue Share, By Company |
11.2 Nigeria Vacuum Cleaners Market Competitive Benchmarking, By Operating & Technical Parameters |
12. Company Profiles |
13. Key Recommendations |
14. Disclaimer |