The Stick Vacuum Cleaner Market is being driven by Growing number of smart cities
The Stick Vacuum Cleaner Market is expected to grow at a CAGR of 4.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3419 million. The burgeoning digital landscape, characterized by the widespread use of the Internet and smartphones, has significantly transformed consumer behavior. This shift towards digital has led to a surge in online shopping, with numerous international e-commerce platforms catering to a global audience. The average transaction value and volume continue to increase, driven by the growing number of Internet users and their readiness to purchase online. Factors such as increased trust in online retailing, quick shipping options, and a vast array of product offerings further fuel this trend. Consequently, the e-commerce industry is experiencing robust growth, with the convenience and accessibility it provides being key differentiators.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
215 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.2% |
Market growth 2025-2029 |
USD 3419 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
3.9 |
Key countries |
China, US, Germany, Japan, Canada, France, India, UK, South Korea, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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In the household sector, stick vacuum cleaners, a type of cordless cleaning gadget, have gained popularity for their convenience in handling household chores. These battery-powered tools offer the functionality of vacuum cleaners without the hassle of cords. Stick vacuum cleaners are ideal for both domestic purposes and smaller commercial sectors, making them a preferred choice for maintaining a clean atmosphere. Online transaction channels have made it easier to purchase stick vacuum cleaners, including models that rival the performance of upright vacuum cleaners, for vacuum cleaning needs.
The Stick Vacuum Cleaner market falls under the broader category of cleaning gadgets within the household products sector. Market expansion in this segment is influenced by several key factors. The surge in online sales is a significant driver, with e-commerce platforms experiencing exponential growth over the past five years. This trend is particularly prominent in developing countries. The convenience, ease of payment, discounts, and vast product selection offered by e-commerce channels have made them increasingly popular among consumers. Additionally, advancements in technology, such as cordless vacuum cleaners with lithium-ion batteries and air pumps, have improved the functionality and efficiency of stick vacuum cleaners, further boosting demand.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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