Vacuum Cleaner Market Is Booming Across the Globe, Explores the Latest Report
Transparency Market Research (TMR) notes that the global vacuum cleaner market is characterized by the presence of several large and small players operating in it. The rivalry between the players is likely to increase as they are aimed at making smart and lighter cordless vacuum cleaners. Several companies are aiming at making vacuum cleaners that can reduce efforts during cleaning. Product innovation has also proven to be a successful marketing strategy adopted by top players in the global vacuum cleaner market. The global vacuum cleaner market is expected to grow steadily due to the existence of large players who want to invest in innovative branding ideas. Some of the leading players in the global vacuum cleaner market are AB Electrolux, Samsung Electronics Co, Bissell Inc, and Haier Group Corp. According to TMR, the global vacuum cleaner market is projected to register a promising CAGR of 4.3% from 2017 to 2026. By the end of 2026 the market will be worth US$29,7...