Residential Vacuum Cleaner Market to Grow at a CAGR of 5.41% During the Forecast Period
Rising awareness of hygiene and development of robotic vacuum cleaners is influencing the growth of the residential vacuum cleaner market. According to TechSci Research report, “ Residential Vacuum Cleaner Market –Global Industry Size, Share, Trends, Competition, Opportunities, and Forecast, 2017-2027” Global residential vacuum cleaner market is forecast to grow at CAGR of 5.41% to reach USD 23862.85 million through 2027. One of the main factors influencing the demand for vacuum cleaners in the residential sector is the reduction in the time left for doing household chores due to the popular Work from Home (WFH) model, initiated during the COVID-19 pandemic situation. Other important factors driving the market's growth include changing lifestyles, high disposable incomes, a growing working population, rising purchasing power, and ease of use. Moreover, the development of robotic vacuum cleaners, which can clean an area without the assistance of a human, is also anticipated t