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

Philippines 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 48.11% over the previous year. While Malaysia registered a growth of 415.84% as compared to the previous year. In the year 2017, China was the largest exporter followed by Malaysia. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, the Philippines has a Herfindahl index of 1767 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  3656 which signifies high concentration in the market.

Philippines Vacuum Cleaners Market - Export Market OpportunitiesLatest (2023) Development of the Philippines Vacuum Cleaners Market

The Philippines Vacuum Cleaners Market is mainly focusing on efficiency and innovation in the year 2023. The introduction of robotic vacuums is the latest development in the market. These vacuum cleaners do not require any kind of human assistance and they are enabled with advanced sensors and algorithms. The cordless vacuum is another major development in the market they offer more convenience and ease than the traditional models. There is a major shift towards eco-friendly vacuum cleaners that consumes less energy and produce fewer emissions. Sustainability is the key driver for the growth of the market as consumers are demanding eco-friendly products. The market is continuously evolving new technologies and features being introduced every year to cater to the various needs of consumers.

Topics Covered in the Philippines Vacuum Cleaners Market Report

The Philippines 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.

Philippines Vacuum Cleaners Market Synopsis

The Philippines Vacuum Cleaners Market is expected to rise in the forecast period due to technological innovation, rising disposable incomes, and increasing awareness among consumers about the importance of maintaining a clean and healthy living environment and surrounding.

According to 6Wresearch, the Philippines Vacuum Cleaners Market size is expected to register sound growth during 2020-2026. The market is expected to witness a proliferation in the upcoming six years on the back of an increase in the urge for a better standard of living along with an increase in the cleanliness urge to promote better hygiene in the residential and commercial domain. An increase in the suburban population in the country along with the potential growth of the tourism industry is leading to an increased demand for hygiene in hotels, restaurants, and guest houses and is expected to trigger significant demand for vacuum cleaners in the country. These factors are positively impacting the development of the market as the market is a part of the Asia Pacific (APAC) Vacuum Cleaners Market. Urbanization in the country is another key driver for the growth of the market. Certain challenges are prevalent in the market. The high import taxes on vacuum cleaners and lack of awareness about advanced features among consumers are hampering the growth of the market. The manufacturers are required to develop innovative products at reasonable prices.  The competition from the local brand is also hampering the growth of the market and these factors have negatively impacted the market and led to a decline in the Philippines Vacuum Cleaners Market Share.

COVID-19 Impact on the Philippines Vacuum Cleaners Market

The pandemic brought a major change in the perception of cleaning and this led to a major change in the behaviour of the consumers. Maintenance of a clean and healthy living environment was more crucial than before as people were spending more time at home. This shift led to a rise in demand for vacuum cleaners across the country. Consumers started to spend more on cleaning instruments to keep their homes free from dust, dirt, and other germs that may cause health issues. There were supply chain disruptions by lockdowns and reduction in the manufacturing capacity due to implementation of the social distancing measures and this hampered the Philippines Vacuum Cleaners Market Growth.

Philippines Vacuum Cleaners Market: Key Players

These companies are the major players in the Philippines Vacuum Cleaners Industry providing effective cleaning solutions to the consumer and practicing sustainability.

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

Future of the Philippines Vacuum Cleaners Market

The future of the Vacuum Cleaners Market in the Philippines is positive and strong as more households are becoming aware of the convenience and efficiency that these cleaners provide. This market will be strongly driven by various factors such as increasing urbanization and rising disposable incomes, of the people of the Philippines. These factors are enabling people to purchase a wider range of home appliances. The technological developments in terms of energy efficiency and noise levels have made these products attractive to consumers.

Market by Product

Based on the product, the canister segment is expected to grow as it provides powerful suction. Robotics and Upright also have a major share of the market and are expected to grow steadily.

Market by Distribution Channel

According to Ravi Bhandari, Research Head, 6Wresearch the online segment is expected to grow remarkably in the forecast period due to factors such as convenience and reasonable price offered by this mode.

Market by End Users

Based on end users, the residential segment is likely to dominate the market in the forthcoming years on the back of an increasing focus on cleanliness.

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:

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

Markets Covered

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

By Products:

• Canister
• Robotics
• Upright
• Others

By Distribution Channels:

• Online
• Offline

By End Users:

• Industrial
• Commercial
• Residential