The wet vacuum cleaner market is likely to register a CAGR of 5.0% during the forecast period and is anticipated to reach a market share of USD 2.51 Billion in 2032 from USD 1.54 Billion in 2020, owing to the technology advancements, enhanced functionality, and availability in compact sizes.
| Attributes | Details |
|---|---|
| Wet Vacuum Cleaner Market CAGR | 5.0% |
| Wet Vacuum Cleaner Market Size (2032) | USD 2.51 Billion |
| Wet Vacuum Cleaner Market Size (2020) | USD 1.54 Billion |
Demand for wet vacuum cleaners has risen as a result of their advantages over ordinary vacuum cleaners. The adoption of current technology has improved the tool's use, resulting in increased sales of the wet vacuum cleaner, particularly in commercial locations. Furthermore, an increase in the number of commercial spaces, as well as an increase in the number of distribution channels, such as online platforms, hypermarkets, specialized stores, and others, are likely to drive demand for wet vacuum cleaners.
Regional governments have permitted the opening and operation of industries to recover from the economic crisis by removing the lockout and limiting regulations. Furthermore, the development of various new firms in the cited business is expected to help boost the sales of wet vacuum cleaners during the projection period, as well as focus on and supply sophisticated products and better customer experience.
An in-depth analysis of parent market trends, macroeconomic data, and regulating factors, as well as market attractiveness by segment, is included in the study. The analysis also maps out the qualitative impact of key market factors on market segments and geographies.
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
Some of the significant drivers contributing to the drenched Hoover sales are changing end-user demand and rising hygiene concerns in both the residential and commercial sectors, as well as the advent of DIY applications and the need to maintain cleanliness, particularly in commercial sectors.
Sales of wet vacuum cleaners have had a long-running win-fail cycle due to their use mostly for fine chores in business areas, which has been a long-standing issue for manufacturers. Sales of wet vacuum cleaners are predicted to increase as technology advances, allowing for more advanced capabilities and the availability of smaller models.
The drenched Hoover sales were severely impacted, along with many other industries, due to the lockdown forced in every country.
Close down of unimportant industries, lack in demand from customers, further delay in the production of goods due to lack of employees, and so on in order to control the spread of the deadly virus, and thus, led to loss and decline in wet vacuum cleaner market.
The existence of multiple suppliers on e-commerce platforms has permitted one of the fastest eras for the development of sales of wet vacuum cleaners. Demand for a wet vacuum cleaner is expanding, as customers will be more likely to buy wet vacuum cleaners if they have easy access to them, as well as a variety of offers and discounts on electrical devices. Furthermore, manufacturers are investing in Research and Development facilities to improve the wet vacuum cleaners' market share and to make them available in compact dimensions and low weight.
Manufacturers are also concentrating on manufacturing vacuum cleaners with HEPA filters, which are readily available aftermarket, to improve the demand for wet vacuum cleaners. Additionally, the wet vacuum cleaners are equipped with cutting-edge technologies such as Bluetooth and remote control access to make work easier and increase sales of wet vacuum cleaners.
The USA is one of the world's major wet vacuum cleaner markets. During the forecast period 2021 to 2031, sales of wet vacuum cleaners in the USA are expected to follow the traditional pattern of boom and bust. With the advent of robotic hoovers backed by modern technology and Research and Development initiatives, demand for a wet vacuum cleaner is expected to rise.
Europe has been one of the largest Research and Development hubs in the world since the lifting of the lockdown, and because of their great flexibility and viability, which makes corner cleaning of spaces easier, which leads to increased sales of wet vacuum cleaners.
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
Alfred Karcher SE &Co. KG, Makita Corporation, Milwaukee Tool (Techtronic Industries Company Limited), Panasonic Corporation, Nilfisk Industrial Vacuum, Tennant Company, Numatic International Ltd, Wessel werk Gmbh, Renesas Electronic Corporation, and TOSHIBA CORPORATION are some of the leading manufacturers and suppliers of wet vacuum cleaners.
| Report Attribute | Details |
|---|---|
| Growth rate | CAGR of 5% from 2022 to 2032 |
| The base year for estimation | 2021 |
| Historical data | 2015 to 2020 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments Covered | Application, technology, type, region |
| Regional scope | North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia; and New Zealand |
| Country scope | USA, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, United Arab Emirates(UAE), Iran, South Africa |
| Key companies profiled | Alfred Karcher SE & Co. KG; Makita Corporation; Milwaukee Tool (Techtronic Industries Company Limited); Panasonic Corporation; Nilfisk Industrial Vacuum; Tennant Company; Numatic International Ltd.; Wessel werk Gmbh; Renesas Electronic Corporation; TOSHIBA CORPORATION; MOOSOO; SIRIUS Co.; Ltd.; Gugusure JP |
| Customization scope | Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The wet vacuum cleaner market is anticipated to register a CAGR of 5% during the forecast period.
The wet vacuum cleaner market share is anticipated to reach USD 2.51 Billion in 2032.
Demand for a wet vacuum cleaner is likely to rise due to technological advancements.
Explore Home and Living Insights
View Reports
Wet Vacuum Cleaner Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
