India Vacuum Cleaner Market Outlook To 2020
Future Growth of India Vacuum Cleaner Market is expected to be led by the growth in demand from the non-residential segment and the demand for high pressure vacuum cleaners”
“India Vacuum Cleaner Market has been dominated by the handheld and canister vacuum cleaners, with a major proportion of demand being originated through the residential sector.”
Latest publication on “India Vacuum Cleaner Market Outlook to 2020” by Ken Research provides a comprehensive analysis of the residential and non-residential vacuum cleaners in India. The report covers various aspects such as market size of India Vacuum Cleaner Market, segmentation on the basis of sector, type, purpose, distribution channels and region. The report is useful for Vacuum Cleaners manufacturers, wholesalers of Vacuum Cleaners, retail chains and new players venturing into the market.
The Vacuum Cleaners market in India has witnessed a growth in recent years on account of rising female working population, booming real estate sector and entry of foreign players in India. The boost in growth has majorly driven by rise in demand for handheld vacuum cleaners, canister and dry vacuum cleaner models in the residential vacuum cleaner market in India. The growth in this segment has been largely led by factors such as surging demand for aesthetically pleasing and hi-tech products, growing preference for mechanized cleaning, and efforts by the government to promote cleanliness and eco-friendly products in India. The residential Vacuum Cleaners market in India is dominated by Eureka Forbes which possesses a large product portfolio of vacuum cleaners catering to the domestic demand. However, the non-residential sector is characterized by a large number of significant players with Roots Multi-Clean as the leader among them. The India Vacuum Cleaner Market revenues have grown remarkably at a CAGR of 6.1% from 2010- 2015.
According to the research report, the India Vacuum Cleaner Market will grow at a considerable CAGR rate thus reaching INR 6.6 billion by 2020 due to the booming tourism and hospitality industry in India.
“Rising disposable income, expanding urban population and changing consumer preferences will result in increased spending on Vacuum Cleaners in India. While, low advertising efforts by the companies and cheap imports from China are among the major challenges which will affect the growth of this industry in the future”, according to the Research Analyst, Ken Research.