We are monitoring the impact of COVID-19 on Wet Vacuum Cleaner Market Get in touch with us for detailed analysis Know More
Pulished Date December, 2020
ID: 10584
Share on
Share on

Global Wet Vacuum Cleaner Market Research - Segmented by Product Type (Cordless and Wired), Application (Household and Commercial), Distribution Channel (Supermarket/Hypermarket, Specialty Store, E-Commerce and Others) and Region: Opportunity Analysis and Industry Forecast, 2020–2025

Pulished: December, 2020
ID: 10584
Pages: 175

Wet Vacuum Cleaner Market Size & Growth (2020 – 2025)

The global wet vacuum cleaner market was assessed to be $1.10 billion in 2020 and is supposed to reach $1.24 billion by 2025, registering a CAGR of 4.1% from 2020 to 2025.

Wet vacuums are cleaning devices that are often employed to collect liquids and dust. They are much more flexible and versatile than normal vacuum cleaners. These have two different compartments that are suitable for easily collecting dry dust and wet spills. There are two types of wet vacuuming products available in the market including cordless and corded wet vacs through various distribution channels. Wet vacuums were primarily used for cleaning business premises. However, manufacturers have introduced new compact models of various sizes for home use. In addition to this, makers are developing IoT (Internet of Things) infused wet vacuums to be more useful and convenient for cleaning purposes. Hence, it has driven the growth of the wet vacuum cleaner market in terms of sales value.

Wet vacuums are a specific form of drum/cylinder models that could be used to clean up wet liquid spills. They are specially designed for outdoor and indoor use and to accommodate wet debris.

Recent Developments

  • In August 2014, Electrolux announced the launch of the UltraOne Quattro, which is AAAA grade according to EU ecodesign and energy labeling standards.
  • In July 2013, TTI acquired Oreck Corporation to enrich its product portfolio. The company offers its products through various brands such as Hoover, Vax, Dirt Devil and Oreck. Eureka Forbes Ltd offers products under two brands, Euroclean and Forbes.
  • In September 2015, iRobot Corporation announced the launch of Roomba 980, which is equipped with features such as iAdapt 2.0 navigation technology, vSLAM technology to create a visual cue on your map, AeroForce cleaning system, auto loading and application-based support.
  • In May 2019, Dyson confirmed the introduction of its Absolute V11 vacuum cleaners in India. The vacuum cleaner is integrated with three cleaning modes that allow users to clean the floor effectively.

Market Growth and Trends:

Manufacturers have a long history of investing in the R&D of new products in order to develop products with compact dimensions and lightweight. Subsequently, improving transportation in any vehicle and medium. Additionally, companies are focusing on developing HEPA filters that could be readily available in the aftermarket. In addition, the companies in wet vacuum cleaner market are developing products that can be easily or automatically turned on with the Bluetooth battery or the remote control.

Market factors and restrictions:

The growth of the global wet vacuum cleaner market is driven by the rising health and hygiene concerns and an increasingly global workforce. This has led to a growing demand for efficient and rapid IOT infusion cleaning devices including wet vacuums in the retail market; hence, it drives the growth of the worldwide wet vacuum cleaner market. In addition, wet vacuums are widely used in the commercial sector including the manufacturing industry, HoReCa (hotel/restaurant/cafe) industry and others. Hence, this in turn is driving the growth of the wet vacuum cleaner business. However, the low penetration of vacuum cleaners in the home sector, together with the high retail price of wet vacuums, is expected to limit the growth of the wet vacuum cleaners industry during the outlook period.

Market Segmentation:

  • Based on product type, the corded segment accounted for the highest share of the global wet vacuums market in 2018. This has been attributed to the improved functionality of the corded wet vacuum due to its higher suction power and its longest uptime after connecting to the network unit. Therefore, corded vacuum cleaners have a higher dust collection capacity compared to cordless wet vacuums. Additionally, the corded water vacuum has much larger storage space for collecting dust and liquid spills. So you can vacuum for a longer period without needing to empty it frequently.
  • According to the application, the commercial segment accounted for more than half of the market in 2018 and is estimated to maintain its dominance during the conjecture period. This is primarily attributed to the rising concern for the development and maintenance of hygiene and environmental cleanliness in the commercial sector, as this translates into greater health benefits for its employees. Additionally, a clean workplace increases employee efficiency. This increasingly encourages the commercial sector to use cleaning devices, such as wet vacuums, to keep their facilities clean and hygienic.
  • According to the distribution channel, the specialty store was the main market in 2018 and represented the maximum share of the global market for wet vacuum cleaners. Specialty stores provide high-quality service with detailed product specifications and expert advice to customers. In addition, these stores promote international and private label sales in their stores. Coupon and discount campaigns are now all the rage to build a brand, attract more customers, and increase the value of sales. However, the E-Commerce sector is estimated to progress in the coming years, recording a significant revenue rate in this industry. Therefore, this fact is supposed to provide many opportunities for manufacturers to drive the wet vacuum market online.

Regional Analysis:

The global wet vacuum cleaner market report is analysed based on the following regions:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America.

North America accounted for the dominant share in the international marketplace and is likely to continue its reign in the coming years.

Key market players:

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

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods    

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends  

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

 6.1 Wet Vacuum Cleaner Market, By Product Type     

                                6.1.1 Cordless   

                                6.1.2 Wired        

      6.1.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Wet Vacuum Cleaner Market, By Application  

                                6.2.1 Household              

                                6.2.2 Commercial            

 6.2.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.4 Y-o-Y Growth Rate Analysis             

                                6.2.5 Market Attractiveness Index          

  6.3 Wet Vacuum Cleaner Market, By Distribution Channel    

                                6.3.1 Supermarket/Hypermarket             

                                6.3.2 Specialty Store      

                                6.3.3 E-Commerce          

    6.3.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.5 Y-o-Y Growth Rate Analysis             

                                6.3.6 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

   7.2 North America - Market Analysis (2018 - 2024)  

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Product Type   

                                7.2.3 By Application        

                                7.2.4 By Distribution Channel     

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Product Type   

                                7.3.3 By Application        

                                7.3.4 By Distribution Channel     

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Product Type   

                                7.4.3 By Application        

                                7.4.4 By Distribution Channel     

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Product Type   

                                7.5.3 By Application        

                                7.5.4 By Distribution Channel     

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Product Type   

                                7.6.3 By Application        

                                7.6.4 By Distribution Channel     

8. Key Player Analysis                                    

                8.1 Alfred Kärcher SE & Co. KG                  

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Tennant Company                   

                8.3 Nilfisk Group                              

                8.4 Koninklijke Philips N.V                           

                8.5 AB Electrolux                             

                8.6 Tineco Intelligent Technology                             

                8.7 Delfins                          

                8.8 Bissell Group                              

                8.9 Hako Group                

                8.10 Shop Vacs                 

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional, and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identify the regions that are still untapped
  • The segment-level analysis in terms of Product Type, Application, Distribution Channel along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Wet Vacuum Cleaner Market By Region, From 2020-2025 ( USD Billion )
  2. Global Wet Vacuum Cleaner Market By Product Type, From 2020-2025 ( USD Billion )
  3. Global Cordless Market By Region, From 2020-2025 ( USD Billion )
  4. Global Wired Market By Region, From 2020-2025 ( USD Billion )
  5. Global Wet Vacuum Cleaner Market By Application, From 2020-2025 ( USD Billion )
  6. Global Household Market By Region, From 2020-2025 ( USD Billion )
  7. Global Commercial Market By Region, From 2020-2025 ( USD Billion )
  8. Global Wet Vacuum Cleaner Market By Distribution Channel, From 2020-2025 ( USD Billion )
  9. Global Supermarket/Hypermarket Market By Region, From 2020-2025 ( USD Billion )
  10. Global Specialty Store Market By Region, From 2020-2025 ( USD Billion )
  11. Global E-Commerce Market By Region, From 2020-2025 ( USD Billion )

Please wait. . . . Your request is being processed

LICENCE TYPE

$ 1234 4255

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample