Vacuum cleaner market in India will continue to grow at a considerable pace in the next few years owing to deepening penetration of vacuum cleaners in Tier 2 and Tier 3 cities and the booming real estate sector in India. The market is predicted to grow at a CAGR of ~% from FY’2016-FY’2020 and is expected to reach INR 6.6 billion by FY’2020. This industry is expected to find a growing demand from the non-residential sector in the future on account of increased government spending on infrastructure, outsourcing of cleaning activities and the booming organized retail and hospitality industries in India. Rising consumer awareness about the benefits of mechanized cleaning and the growing reliance of consumers on online distribution channels will drive the growth of the industry in the future. The increasing expenditure on R&D by companies aiming to explore the possibility of innovative technologies which are simple to use, cost-effective, portable and power-independent is expected to boost the market growth in the future.
Furthermore, with new upcoming technologies such as HEPA filter and bagless cleaners, vacuum cleaners have become cost effective and easier to use. The use of handheld vacuum cleaners for car and window cleaning has also gained wide acceptance from the Indian consumers on account of their expanding purchasing power and growing preference for aesthetically pleasing products.
According to an industry veteran, “the scope of Vacuum Cleaners in India has only been restricted to the tier 1 and metropolitan cities; however, with continuous government spending on infrastructure, the “Swachh Bharat Abhiyan” of the Modi Government and with the booming tourism industry in India, the demand for vacuum cleaners is expected to rise in rural areas as well.”
“Cost effective technologies and personalized services are indispensable to foster the growth of the Vacuum Cleaner Market in India. The tie-ups of various companies with financial institutions will enable the customers to pay for the vacuum cleaners in installments, thereby boosting the demand for the equipment in the Indian market. Furthermore, growing acceptance of vacuum cleaners in the semi-urban and rural areas, rising female working population and increasing number of joint ventures of domestic companies with foreign manufacturers will augment the growth for vacuum cleaners in India.”, according to the Research Analyst, Ken Research.
The report titled “India Vacuum Cleaner Market Outlook to 2020” provides detailed overview on the vacuum cleaner market and helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultants, vacuum cleaner manufacturers and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Key Topics Covered in the Report:
- The market size of the India Vacuum Cleaner Market
- The market size of the India Residential Vacuum Cleaner Market
- The market size of the India Non-Residential Vacuum Cleaner Market.
- External market scenario of India Vacuum Cleaner Market
- Market segmentation of the residential vacuum cleaner market by type (handheld, canister, high pressure cleaners and robotic vacuum cleaners) and by purpose (dry, wet and dry, car, steam and window cleaners)
- Market segmentation of the residential vacuum cleaner market by distribution channels (door to door marketing, retail stores, online portals and telemarketing) and by regional demand (tier 1, tier 2 and tier 3 cities)
- SWOT Analysis of India Vacuum Cleaner Market
- Issues and Challenges in India Vacuum Cleaner Market
- Trends and Development in the India Vacuum Cleaner Market
- Government regulations in India Vacuum Cleaner Market
- Competitive landscape and of the major players in residential and non-residential vacuum cleaner market
- Market Positioning of major Players in Residential and Non-residential Vacuum Cleaner Market.
- Future outlook and projections of the India Vacuum Cleaner Market on the basis of revenues in India
Key Products Mentioned in the Report
Handheld Vacuum Cleaners
Canister Vacuum Cleaners
High Pressure Vacuum Cleaners
Robotic Vacuum Cleaners
Dry Vacuum Cleaners
Wet & Dry Vacuum Cleaners
Companies Covered in the Report
Eureka Forbes
LG
Philips
Samsung
Bosch
Roots Multi- Clean
Black & Decker
Karcher
Diversey
Nilfisk
IPC India
Charnock
Dulevo
Inventa Cleantec
Jags Impex
Aman Cleaning Equipment
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Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249