RedKey Global Cordless Vacuum Cleaner Market Report 20-25

Global Cordless Vacuum Market Investment Report
Global Vacuum Cleaner Market Analysis
Global cordless vacuum cleaners market share
According to the research by global market insights, the global cordless vacuum
cleaners market is expected to grow from $19.22 billion in 2020 to $20.78 billion in
2021 at a compound annual growth rate (CAGR) of 8.1%.
The growth is mainly due to the companies resuming their operations and adapting to
the new normal while recovering from the COVID-19 impact, which had earlier led to
restrictive containment measures involving social distancing, remote working, and
the closure of commercial activities that resulted in operational challenges.
The market is expected to reach $26.51 billion in 2025 at a CAGR of 6%. The global
industry shipments are projected to reach 130 million units by 2026.
Source: global market insights
The residential segment dominated the vacuum cleaner market growth in 2020 by
capturing a revenue share of over 48%. The implementation of the WFH model across
regions has confined people to their homes, necessitating the timely management of
daily routine tasks. This has increased the demand for home appliances, especially
cleaning equipment. Furthermore, the rising availability of advanced products, which
can capture the tiniest of impurities efficiently, is driving the market growth in
residential applications.
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