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

Latest 2023 Development of the Vietnam Vacuum Cleaners Market

Vietnam vacuum Cleaners Market is expected to experience major growth in the forthcoming years. The rising demand for effective cleaning solutions has led producers to focus on developing advanced products that cater to the various needs of the consumer. The rise of smart vacuum cleaners is one of the latest development in the market. These latest machines are equipped with sensors and artificial intelligence technology and this allows them to work without human intervention.  These vacuum cleaners can also be controlled through various mobile applications. There is the emergence of eco-friendly vacuum cleaners which has captured a major share of the market. Consumers are becoming more conscious about the environment. The producers are integrating sustainable materials and also maintaining the quality of the product. The demand for cordless or wireless vacuums has witnessed a major surge in the market. The producers are continuously innovating and developing the products to meet the changing demand of the consumers.

Topics Covered In the Vietnam Vacuum Cleaners Market Report

The Vietnam 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.

Vietnam Vacuum Cleaners Market Synopsis

Vietnam Vacuum Cleaners Market is expected to grow in the forecast period mainly due to the economic growth of the country and the rise in awareness about the sustainability of the environment. The rise of the middle class coupled with the emergence of new technologies has also led to the major growth of the market.

According to 6Wresearch, the Vietnam Vacuum Cleaners Market size is likely to register growth during 2020-2026. The rising adoption of work-from-home trends coupled with a shortage of time for cleaning is driving the growth of the market. Increasing disposable income coupled with rising urbanization is accelerating the development of the market. The growing working population especially among women is fuelling the growth of the industry. High disposable income coupled with changing lifestyles is also a key factor for the growth of the market. The increasing awareness about health and hygiene is accelerating the growth of the market. Certain challenges persist in the market. The intense competition from local and international players is one of the significant challenges faced by the market. The inadequate government regulations regarding environmental standards have led to a significant decrease in Vietnam Vacuum Cleaners Market Growth. The quality of the product and after-sale service has also hampered the growth of the market.

COVID-19 Impact on Vietnam Vacuum Cleaners Market

The COVID-19 pandemic has had a significant impact on Vietnam Vacuum Cleaners Industry. The pandemic forced people to stay at home and it led to a rise in demand for the products. This significant increase posed a major challenge for producers to meet consumer needs. There was significant disruption in the supply chain caused by the imposition of mandatory lockdowns by the government and the companies were not able to meet the rising demand. The consumers were reluctant to invest in high-quality machinery on account of economic uncertainty in the region.

Future of the Vietnam Vacuum Cleaners Market

The future of the Vietnam vacuum cleaners market is expected to be strong and positive on the back of increasing demand from urban households. The growth of the middle class and rising income are accelerating the demand of products such as cordless vacuums and robotic vacuums. In addition, the advancement of technology in products has driven innovation in this domain. Companies are likely to focus on expanding the lines of their products, launching more effective models, and offering reasonable prices. The online sales channels will become a major avenue of distribution to reach a wide number of customers and these factors will impact Vietnam Vacuum Cleaners Market Share.

Market Analysis By Product

Based on products, the Vacuum Cleaners Market in Vietnam is segmented into canister vacuum and Robotics. The canister segment is anticipated to grow in the forthcoming years on the back of its preference by consumers from the various strata of society.

Market by Distribution Channel

According to Ravi Bhandari, Research Head, 6Wresearch, the online segment will significantly witness growth on account of increasing e-commerce platforms in the country. The offline channels also have a substantial share due to the presence of physical stores and retail outlets.

Market by End Users

Based on end users, the market is divided into industrial, commercial, and residential. The residential segment is projected to grow on the account of increasing prioritisation of health and hygiene in the residential segment.

Key Players in the Market

Some of the key players in the Vietnam Vacuum Cleaners Market are:

• Electrolux Group
• Hitachi Ltd.
• Panasonic Corporation.

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:

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

Markets Covered

The report offers a comprehensive study of the subsequent market segments:

By Products:

• Canister
• Robotics
• Upright
• Others

By Distribution Channels:

• Online
• Offline

By End Users:

• Industrial
• Commercial
• Residential