Wet Vacuum Cleaner Market - Global Industry Analysis

Wet Vacuum Cleaner Market

Wet Vacuum Cleaner Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2028

Category: Heavy Industry Report Format : PDF Report Code: ZMR-6847 Status : Upcoming

Description

Global Wet Vacuum Cleaner Market: Overview

A wet vacuum cleaner is similar to a regular vacuum cleaner, except it can clean both dry and liquid messes, whether indoors or outdoors. It comes with two buckets to separate the solids from the liquid, instead of a dust bag. There are also two distinct compartments to guarantee that it is a safe device to operate with no risk of electric shock. Vacuum cleaners are becoming increasingly popular with buyers who want to maintain their spaces clean without hiring professional cleaners. Vacuum cleaners are safer, easier to use, and more productive than certain other cleaning methods. Vacuum cleaners, like every other technology, have advanced in terms of innovation and convenience of use.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Wet Vacuum Cleaner Market: Growth Factors

The rising attention for hygiene in both commercial & residential areas, DIY applications, a spike in health concerns, and a focus on keeping clean premises in business sectors are the primary drivers driving global wet vacuum cleaner market expansion. Another factor that is supporting the market expansion is the growth in disposable incomes which can now be seen all around the world as a result of economies growing and consequently rising standard of living. This reflects in extra money spent on things to make life simpler and better. Moreover, an increase in the number of commercial spaces, as well as an increase in the number of channels of distribution, such as specialty stores, hypermarkets, and others, are likely to drive the market for wet vacuum cleaner sales. Wet vacuum cleaners are also frequently utilized in the business sector, including the HoReCa (hotels, restaurants, & cafes) industry, industrial sector, and others. This, in effect, is propelling the market for wet vacuum cleaners. However, the low penetration of vacuum cleaners in the residential sector, along with the higher retail value of wet vacuum cleaners, is expected to limit the growth of the global wet vacuum cleaner market throughout the projection period. Nonetheless, technological advancements and the rapid expansion of the internet platform are expected to offer a huge potential for the global wet vacuum cleaner market in respect of value sales throughout the projection period.

COVID-19 pandemic effects can be seen on the growth of the overall market from 2020 to mid-2021. The market is primarily affected due to supply chain disruptions. However, the growth of the market is expected to get back on track with the fully functional logistic operations around the world. Also, many manufacturers and distributors are offering effective pricing and discounts to attract customers which may fuel the demand for the products in future periods.

Global Wet Vacuum Cleaner Market: Segmentation

The global wet vacuum cleaner market is categorized into product types, distribution channels, applications, and regions. Based on the product type, the global market for wet vacuum cleaner is bifurcated into wired and cordless. Based on the distribution channels, the global market is split into specialty stores, e-commerce, hypermarket/supermarkets, and others. The application segment of the market is divided into commercial and household.

Global Wet Vacuum Cleaner Market: Regional Analysis

North America is likely to dominate the global wet vacuum cleaner market. Factors such as increasing use of automated cleaning systems in large cities and greater awareness of health & hygiene are likely to drive the regional market growth. Also, the high spending powers of the customers and availability of smart product range in the region are expected to contribute to large revenue generation. The market growth in the region is likely to remain concentrated in the United States. Asia Pacific is predicted to expand at the quickest CAGR throughout the projection period. Revenue growth is predicted to be boosted by rising living standards, notably in China, Japan, and India.

Global Wet Vacuum Cleaner Market: Competitive Players

Leading players in the global wet vacuum cleaner market include Tennant Company, Alfred Kärcher SE & Co. KG, Nilfisk Group, AB Electrolux, Koninklijke Philips N.V., Tineco Intelligent Technology, Bissell Group, Delfins, Shop Vacs, and Hako Group.

Global Wet Vacuum Cleaner Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The rising attention for hygiene in both commercial and residential areas, DIY applications, a spike in health concerns, and a focus on keeping clean premises in business sectors are the primary drivers driving market expansion. Another factor that are supporting the market expansion is the growth in disposable incomes which can now be seen all around the world as a result of economies growing and consequently raising the standard of life. This reflects into extra money spent on things to make life simpler and better.

Leading players in the global wet vacuum cleaner market include Tennant Company, Alfred Kärcher SE & Co. KG, Nilfisk Group, AB Electrolux, Koninklijke Philips N.V., Tineco Intelligent Technology, Bissell Group, Delfins, Shop Vacs, and Hako Group.

North America is likely to dominate the global wet vacuum cleaner market. Factors such as increasing use of automated cleaning systems in large cities and greater awareness of health & hygiene are likely to drive the regional market growth. Also, the high spending powers of the customers and availability of smart product range in the region are expected to contribute to large revenue generation.

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