A new study by Fact.MR has revealed the growth prospects and provided an opportunistic scenario for bagless vacuum cleaner market at the global front. The report forecasts that the bagless vacuum cleaner market is projected to rise at a steady CAGR of 4.7% throughout the period of assessment, 2018-2028. In addition, it reveals that the demand for bagless vacuum cleaners in emerging economies of Asia Pacific excluding Japan (APEJ) region is anticipated to spur at a significant rate, making APEJ a highly attractive market for bagless vacuum cleaners with their sales concentrated in the APEJ revenue pockets such as China and India.
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Bagless Vacuum Cleaner Market: Canisters Have a Clear Advantage, Upright Bagless Vacuum Cleaners Witness Slack
Bagless vacuum cleaner market has witnessed a shift from traditional upright bagless vacuum cleaners to their canister counterparts. In the past, upright bagless vacuum cleaners dominated the bagless vacuum cleaner market as they were the most preferred choice for cleaning mattresses and carpets. However, manufacturers, understanding the cons of upright bagless vacuum cleaners such as increased noise and heavy design that compromises efficiency, have developed canister bagless vacuum cleaners that are more powerful than their upright equivalents, with a lighter design hence easy to maneuver, more silent and come with variety of tools such as crevice nozzle, mechanized brush and upholstery brush to enhance their cleaning efficiency, particularly for thick carpets and rugs.
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Driven by incessantly worsening traffic congestion issue in urban areas, consistently boosting consumer preference for the more convenient and flexible automotive transmission systems such as automatic, automated, dual clutch, and continuously variable – is extending strong support to these research findings. The global market for automotive transmission system will thus witness steadily thriving demand for automatic automotive transmission system; however, the revenue generation through manual automotive transmission system sales will continue to represent the maximum share in the global market for automotive transmission system through 2022.
Extensive Methodology of Research to Draw Precise Inferences of the Bagless Vacuum Cleaner Market Fact.MR leverages a one-of-its-kind research methodology to arrive at key assessments and projections of the bagless vacuum cleaner market. Weighted secondary research is used to assess and study different facets of the bagless vacuum cleaner market and the key market dynamics are inferred based on these aspects. When deducing various metrics such as growth in terms of CAGR, market share and value with respect to US$ Million, volume in terms of absolute units, and an yearon-year growth, various forces influencing the bagless vacuum cleaner market are taken into consideration.
Bagless Vacuum Cleaner Market: High Initial Cost Confining Sales
With technological advancement favoring convenience and efficiency, comes the pricing aspect that can have an impeding effect on the product’s sales as customer’s purchasing power influences reluctance. Albeit several steps ahead of traditional counterparts, bagless vacuum cleaners come at high initial price. This is expected to inhibit the growth of the bagless vacuum cleaner market by confining sales of the product to a limited class of users. By far, high pricing remains a key growth deterrent for the bagless vacuum cleaners market worldwide.
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