Vacuum Cleaners are devices used principally for removing dust & dirt from floors, corners, and other surfaces. These devices have rapidly gained momentum across India's various end-user industries like residential, industrial, and commercial sectors, principally to maintain cleanliness & sanitization at all times. Increasing penetration of technologies has brought various innovations in vacuum cleaners and benefited manufacturers to increase their production & expand customer base across the country.
The India Vacuum Cleaner Market is projected to grow at a CAGR of around 7.5% during the forecast period, i.e., 2021-26. The growth of the market is driven primarily by the rapidly growing awareness among the Indian population about various benefits of vacuum cleaner such as removing & lifting dirt & dust, effectively cleaning the environment to reduce the risks of allergies, etc.
Additionally, the active participation of the government through initiatives like "Swachh Bharat Mission" encouraging people toward cleanliness & sanitization is another crucial aspect promoting the adoption of vacuum cleaners across end-users like industrial, commercial, & residential sectors.
Besides, with the emergence of new technologies like automation in home appliances, the market is displaying a plethora of growth opportunities for the manufacturers to introduce new products into their portfolio & expand their customer base in India. Moreover, the availability of different types of vacuum cleaners like Canister, Central, Drum, Robotic, Upright, Wet & Dry, etc., is also projected to drive the market during 2021-26.
|Study Period||Historical Data: 2016-19|
|Base Year: 2020|
|Forecast Period: 2021-26|
|Key Companies Profiled||Dyson, Philips Indian Limited, Panasonic India Pvt. Ltd., Roidmi, TTK Prestige, Integrated Professional Cleaning (IPC), Kärcher India, Eureka Forbes, Kent, iRobot India etc.|
|Unit Denominations||USD Million/Billion|
Key Trends in the India Vacuum Cleaner Market
To transform cities & bring a cleaner environment for the people, the government of India is actively participating in promoting cleanliness & sanitization through initiatives like Swachh Bharat Mission. It, in turn, is increasingly encouraging the adoption of vacuum cleaners across different end-user industries of the country and generating lucrative growth opportunities for the leading players in the market to launch new products & expand the production capacity.
The residential sector is amongst the largest consumers of vacuum cleaners in India, i.e., compelling the leading market players to introduce technologically advanced vacuum cleaners with features like automatic charging, navigation, & UV sterilization, among others. Additionally, the mounting inclination of people toward adopting modern home appliances like smart vacuum cleaners is becoming a prominent trend & driving the India Vacuum Cleaner Market.
Impact of Covid-19 on the India Vacuum Cleaner Market
The Covid-19 pandemic in 2020 had a decelerating effect on most industries in India. However, the Vacuum Cleaner Market witnessed an upsurge in its growth amidst the crisis. With the imposition of lockdowns & stringent movement restrictions by the government to resist the spread of this dreadful disease, the market witnessed slight disruptions in the initial months. These challenges included disruptions in the supply chain, shortage of raw materials & human power, and a temporary shutdown of manufacturing units, among others.
On the other hand, with escalating concerns associated with cleanliness & sanitization to curb the virus spread, the demand for vacuum cleaners rose dramatically across the residential sector for household applications and across the commercial vertical, where healthcare facilities were the largest consumers. Consequently, the market witnessed a hike & helped manufacturers sustain amidst the crisis.
Moreover, the gradual improvement in the pandemic situation with a declining number of Covid-19 cases prompted the Indian government to uplift the restrictions & allow the recommencement of business operations across the country. As a result, a rapid surge in the manufacturing of vacuum cleaners to suffice the burgeoning public demand was observed across India.
Currently, the market is on the path of recovery and is expecting significant growth opportunities during 2021-26, which would generate growth opportunities for the leading players to introduce new products & bring innovations in vacuum cleaners.