High-End Stick Vacuum Cleaner Market size to grow by USD 1,668.69 million from 2022 to 2027; APAC is estimated to account for 34% of the market growth - Technavio

NEW YORK, June 29, 2023 /PRNewswire/ -- The high-end stick vacuum cleaner market size is expected to grow by USD 1,668.69 million from 2022 to 2027, progressing at a CAGR of 4.66% as per the latest Technavio market research report. APAC is estimated to account for 34% of the market's overall growth. Due to the rapid population growth and increasing urbanization, the demand for high-end vacuum cleaners has increased significantly in recent years. China is one of the largest markets for high-end stick vacuum cleaners in the region. Moreover, rising standards of living and growing trends in home cleaning have increased the demand for top-of-the-line vacuum cleaners in the country. Hence, such factors boost the regional market growth during the forecast period. For more insights on the market share of various regions- Download sample report in MINUTES

High-End Stick Vacuum Cleaner Market: Market Dynamics

High-End Stick Vacuum Cleaner Market: Increasing popularity of luxury home appliances to drive growth

The increasing popularity of luxury home appliances drives the market growth during the forecast period. High-end stick vacuums are versatile. Also, they are lightweight devices and come in a variety of sizes and styles.

Factors like these make them perfect for any home as they can be easily stored in a closet or corner of the room. Along with the style and comfort, high-end stick vacuums impress with innovative technology. Hence, such factors boost the market growth during the forecast period.

High-End Stick Vacuum Cleaner Market: Growing Demand From Online Retailing 

Growing demand from online retailing is an emerging market trend shaping the high-end stick vacuum cleaner market growth during the forecast period. Due to the rapid penetration of the Internet and smartphones, online shopping has become very convenient and more and more accepted among people.

Furthermore, secure transactions and cash-on-delivery options have increased the demand for high-end stick vacuum cleaners in online sales channels. Hence, such challenges impede market growth during the forecast period.

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Some of the key High-End Stick Vacuum Cleaner Market Players:

The high-end stick vacuum cleaner market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

AB Electrolux, Alfred Karcher SE and Co KG, Atrix International Inc., BISSELL Homecare Inc., Dyson Group Co., iVision Vacuum srl, JS Global Lifestyle Co. Ltd., Koninklijke Philips NV, LG Corp., Midea Group Co. Ltd., Miele and Cie. KG, Numatic International Ltd., Panasonic Holdings Corp., Proscenic, Robert Bosch GmbH, Samsung Electronics Co. Ltd., SEB Developpement SA, Stanley Black and Decker Inc., Techtronic Industries Co. Ltd., Tineco Intelligent Technology Co. Ltd., and Xiaomi Communications Co. Ltd.

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This high-end stick vacuum cleaner market report extensively covers market segmentation by distribution channel (offline and online), application (residential and commercial), and geography (APAC, North America, Europe, South America, and Middle East and Africa). 

• The market share growth by the offline segment will be significant for market growth during the forecast period. This segment includes sales of products such as luxury stick vacuum cleaners through specialty stores, department stores, hypermarkets, supermarkets, convenience stores, and clubhouse stores. Furthermore, even though offline sales channels are losing market share and popularity, extensive and innovative marketing activities will lead to a steady increase in sales of high-end stick vacuum cleaners through offline sales channels during the forecast period.

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The stick vacuum cleaner market size is estimated to grow at a CAGR of 4.24% between 2022 and 2027. The market size is forecast to increase by USD 3,241.58 million. This stick vacuum cleaner market report extensively covers market segmentation by application (home and commercial), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The increasing popularity of home appliances is notably driving the market growth.

The vacuum truck market size is expected to increase by USD 416.93 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.41%. Furthermore, this report extensively covers the vacuum truck market segmentation by application (industrial, excavation, general cleaning, and others) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The rising use of vacuum trucks in industrial cleaning is one of the key factors driving the global vacuum truck market growth.

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global high-end stick vacuum cleaner market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global high-end stick vacuum cleaner market 2017 - 2021 ($ million)

• 4.2 Distribution Channel Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

• 6.1 Market segments 
• Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 6.2 Comparison by Distribution Channel 
• Exhibit 32: Chart on Comparison by Distribution Channel
• Exhibit 33: Data Table on Comparison by Distribution Channel

• 6.3 Offline - Market size and forecast 2022-2027
• Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 6.4 Online - Market size and forecast 2022-2027
• Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Distribution Channel
• Exhibit 42: Market opportunity by Distribution Channel ($ million)
• Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 44: Chart on Application - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 46: Chart on Comparison by Application
• Exhibit 47: Data Table on Comparison by Application

• 7.3 Residential - Market size and forecast 2022-2027
• Exhibit 48: Chart on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 7.4 Commercial - Market size and forecast 2022-2027
• Exhibit 52: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Application 
• Exhibit 56: Market opportunity by Application ($ million)
• Exhibit 57: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 83: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027
• Exhibit 99: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 AB Electrolux 
• Exhibit 111: AB Electrolux - Overview
• Exhibit 112: AB Electrolux - Business segments
• Exhibit 113: AB Electrolux - Key offerings
• Exhibit 114: AB Electrolux - Segment focus

• 12.4 Alfred Karcher SE and Co KG 
• Exhibit 115: Alfred Karcher SE and Co KG - Overview
• Exhibit 116: Alfred Karcher SE and Co KG - Product / Service
• Exhibit 117: Alfred Karcher SE and Co KG - Key offerings

• 12.5 BISSELL Homecare Inc. 
• Exhibit 118: BISSELL Homecare Inc. - Overview
• Exhibit 119: BISSELL Homecare Inc. - Product / Service
• Exhibit 120: BISSELL Homecare Inc. - Key offerings

• 12.6 Dyson Group Co. 
• Exhibit 121: Dyson Group Co. - Overview
• Exhibit 122: Dyson Group Co. - Product / Service
• Exhibit 123: Dyson Group Co. - Key offerings

• 12.7 JS Global Lifestyle Co. Ltd. 
• Exhibit 124: JS Global Lifestyle Co. Ltd. - Overview
• Exhibit 125: JS Global Lifestyle Co. Ltd. - Business segments
• Exhibit 126: JS Global Lifestyle Co. Ltd. - Key offerings
• Exhibit 127: JS Global Lifestyle Co. Ltd. - Segment focus

• 12.8 Koninklijke Philips NV 
• Exhibit 128: Koninklijke Philips NV - Overview
• Exhibit 129: Koninklijke Philips NV - Business segments
• Exhibit 130: Koninklijke Philips NV - Key news
• Exhibit 131: Koninklijke Philips NV - Key offerings
• Exhibit 132: Koninklijke Philips NV - Segment focus

• 12.9 LG Corp. 
• Exhibit 133: LG Corp. - Overview
• Exhibit 134: LG Corp. - Business segments
• Exhibit 135: LG Corp. - Key offerings
• Exhibit 136: LG Corp. - Segment focus

• 12.10 Midea Group Co. Ltd. 
• Exhibit 137: Midea Group Co. Ltd. - Overview
• Exhibit 138: Midea Group Co. Ltd. - Product / Service
• Exhibit 139: Midea Group Co. Ltd. - Key offerings

• 12.11 Miele and Cie. KG 
• Exhibit 140: Miele and Cie. KG - Overview
• Exhibit 141: Miele and Cie. KG - Product / Service
• Exhibit 142: Miele and Cie. KG - Key offerings

• 12.12 Robert Bosch GmbH 
• Exhibit 143: Robert Bosch GmbH - Overview
• Exhibit 144: Robert Bosch GmbH - Business segments
• Exhibit 145: Robert Bosch GmbH - Key news
• Exhibit 146: Robert Bosch GmbH - Key offerings
• Exhibit 147: Robert Bosch GmbH - Segment focus

• 12.13 Samsung Electronics Co. Ltd. 
• Exhibit 148: Samsung Electronics Co. Ltd. - Overview
• Exhibit 149: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 150: Samsung Electronics Co. Ltd. - Key news
• Exhibit 151: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 152: Samsung Electronics Co. Ltd. - Segment focus

• 12.14 SEB Developpement SA 
• Exhibit 153: SEB Developpement SA - Overview
• Exhibit 154: SEB Developpement SA - Business segments
• Exhibit 155: SEB Developpement SA - Key news
• Exhibit 156: SEB Developpement SA - Key offerings
• Exhibit 157: SEB Developpement SA - Segment focus

• 12.15 Stanley Black and Decker Inc. 
• Exhibit 158: Stanley Black and Decker Inc. - Overview
• Exhibit 159: Stanley Black and Decker Inc. - Business segments
• Exhibit 160: Stanley Black and Decker Inc. - Key news
• Exhibit 161: Stanley Black and Decker Inc. - Key offerings
• Exhibit 162: Stanley Black and Decker Inc. - Segment focus

• 12.16 Techtronic Industries Co. Ltd. 
• Exhibit 163: Techtronic Industries Co. Ltd. - Overview
• Exhibit 164: Techtronic Industries Co. Ltd. - Business segments
• Exhibit 165: Techtronic Industries Co. Ltd. - Key offerings
• Exhibit 166: Techtronic Industries Co. Ltd. - Segment focus

• 12.17 Tineco Intelligent Technology Co. Ltd.
• Exhibit 167: Tineco Intelligent Technology Co. Ltd. - Overview
• Exhibit 168: Tineco Intelligent Technology Co. Ltd. - Product / Service
• Exhibit 169: Tineco Intelligent Technology Co. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 170: Inclusions checklist
• Exhibit 171: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 172: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 173: Research methodology
• Exhibit 174: Validation techniques employed for market sizing
• Exhibit 175: Information sources

• 13.5 List of abbreviations 
• Exhibit 176: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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