The global market for vacuum cleaners is boosted by a high disposable income and better facilities for infrastructure being provided nowadays. Also, there is an increasing demand for automated and less time-consuming cleaning solutions is driving the vacuum dust filters market. Moreover, there is an increase in the urban population and improvement in the standards of living in the developing economies which also support the market growth of vacuum cleaners. In addition, there is an increasing demand for energy-efficient vacuum cleaners in the market. Filters are a critical component of vacuum cleaners. Due to all these above mentioned factors, the market for vacuum dust filters market is also poised to exhibit a decent growth.
As per the forecast of Fact.MR, the global vacuum dust filters market is slated to touch a value of nearly US$ 27 Mn in the year 2022 and exhibit a moderate CAGR during the period of assessment.
A steady spike in purchasing power, growing awareness of health and hygiene concerns, and a greater number of women joining the workforce leave precious little time for household chores, fuelling the vacuum cleaner market. The growth of the vacuum dust filter market is directly linked to that of the vacuum cleaner market. Furthermore, continuous innovations in vacuum cleaners coupled with an increasingly tech-savvy population is predicted to benefit the global vacuum dust filter market that is projected to be worth almost US$ 27 million by end 2022.
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The HEPA filters segment comprised roughly a sixth of the global vacuum dust filter market in 2017 but is poised to lose significant market share going forward. The HEPA filter segment is expected to have a value of more than US$ 4 million at the end of the forecast period. The HEPA filters segment is followed by the micro fresh filters segment in the vacuum dust filter market with a revenue share of one-seventh. The North America micro fresh filters market is the only one anticipated to be worth one million by the end of the forecast period.
Similar Opportunity in Washable Filters and Pet Filters Segment
The washable filters and pet filters segment account for a similar revenue share in the vacuum dust filter market by product type with the latter on track to gain BPS. Nonetheless, the washable filters segment is assessed to witness a moderate CAGR of little over 4.5% from 2017 to 2022, making it unwise to ignore entirely in the vacuum dust filter market. Along with North America, companies are advised to focus on Latin America as it is estimated to grow faster than Europe over the course of the five-year forecast.
Target Mining and Construction in the Vacuum Dust Filter Market
The mining and construction had a market share of 2/5th in the vacuum dust filter market by end user at the end of 2017. The construction segment is assessed to gain slight share while the mining segment is likely to lose share over the duration of five years. An absolute dollar opportunity of just under US$ 1.5 million is waiting to be tapped in the mining segment of the vacuum dust filter market from 2017 to 2022. Latin America with its abundant mineral wealth is the region to look out for in the mining segment of the vacuum dust filter market
Competition Dashboard in the Vacuum Dust Filter Market
A few of the key stakeholders actively involved in the vacuum dust filter market have been profiled in the report. The companies include Global Road Technology, Quaker Chemical Corporation, Donaldson Company, Nederman Holding AB, Camfil, JKF Industri A/S, Sly Environmental Technology Ltd., and Beltran Technologies.
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Vacuum Dust Filters Market Highlights Growth Prospects and Future Opportunities till 2022
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