The latest analysis predicts vacuum cleaners market in Latin America will grow from USD 870 million in 2023 to USD 1,311 million by 2029, achieving a CAGR of 7.2 percent, according to the latest edition of the Vacuum Cleaners Market in Latin America Report. The vacuum cleaner market is driven by urbanization, rising disposable incomes, and the demand for efficient cleaning solutions. Technological advancements, such as cordless models, powerful suction, and advanced filtration systems, attract consumers seeking convenience and cleanliness. Heightened awareness of indoor air quality and allergens fuels the need for vacuum cleaners with specialized features. Changing lifestyles and time constraints necessitate efficient cleaning appliances.
The growth of residential construction and renovation activities contributes to vacuum cleaner demand from new homeowners. Product innovation, including multi-surface cleaning, improved ergonomics, and smart connectivity, differentiate offerings and appeal to tech-savvy consumers. Moreover, the rise of online shopping platforms has made it easier for consumers to research, compare, and purchase vacuum cleaners from the comfort of their homes, further boosting sales in the market.
The report offers a comprehensive evaluation of the Latin America vacuum cleaners market, presenting crucial data on historical market size, growth patterns, and future projections. It provides a thorough breakdown of market segments and sub-segments, with a focus on key variables such as product type, technology, distribution channel, and country. This comprehensive evaluation aids in identifying the growth potential within the vacuum cleaners industry.
Market Segmentation
The vacuum cleaners market in Latin America is classified into the following segments:
Product type: canister vacuum cleaner, handheld vacuum cleaner, robotic vacuum cleaner, steam vacuum cleaner, stick vacuum cleaner, upright vacuum cleaner
Technology: smart, non-smart
Distribution channel: supermarkets and hypermarkets, electronics and appliance stores, e-commerce, others
Country: Argentina, Brazil, Chile, Colombia, Mexico, others
The Latin America vacuum cleaners market is segmented on the basis of product type, technology, distribution channel, and country. On the basis of product type, the vacuum cleaners market in Latin America has been segmented into canister vacuum cleaner, handheld vacuum cleaner, robotic vacuum cleaner, steam vacuum cleaner, stick vacuum cleaner, and upright vacuum cleaner. By technology, the vacuum cleaners market in Latin America has been segmented into smart, and non-smart. Based on distribution channel, the vacuum cleaners market in Latin America is categorized into supermarkets and hypermarkets, electronics and appliance stores, e-commerce, and others. In terms of geography, the vacuum cleaners market in Latin America has been also segmented into Argentina, Brazil, Chile, Colombia, Mexico, and others.
Competitive Landscape
The Latin America vacuum cleaners market is highly competitive. The competitive landscape of the industry has also been examined along with the profiles of the key players ACEGAME S.A., Alfred Karcher SE & Co. KG, Anker Innovations Co. Ltd., Bidcom S.R.L., Britania Eletrodomesticos SA, Dyson Limited, Electrolux AB, First Rate S.A., Groupe SEB, iRobot Corporation, Koblenz Electrica S.A. de C.V., LG Corporation, Liliana s.r.l., Lusqtoff Argentina S.A., Midea Group Co. Ltd., Miele & Cie. KG, MK Eletrodomesticos Mondial S.A., New San S.A., Robert Thomas Metall- und Elektrowerke GmbH & Co. KG, Shop-Vac Corporation, Sindelen S.A., Spectrum Brands Holdings Inc., Stanley Black & Decker Inc., Techtronic Industries Company Limited, The Samsung Group, Ursus Trotter S.A., Versuni Holding B.V., Visuar S.A., Winia Group, Xiaomi Corporation.
The report presents a detailed analysis of the Latin America vacuum cleaners market, focusing on the performance of major companies between 2019 and 2023. The data offers valuable insights into market share fluctuations, identifying established leaders and the ascent of new entrants. Such information provides companies with the tools needed to enhance their strategic positioning and remain competitive, even as market conditions evolve.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Latin America vacuum cleaners market.
Gain deep insights into the dynamics of the Latin America vacuum cleaners market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Latin America vacuum cleaners market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
Table of Contents
TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewLatin America vacuum cleaners market – product type analysis
Latin America vacuum cleaners market – technology analysis
Latin America vacuum cleaners market – distribution channel analysis
Latin America vacuum cleaners market – country analysis
Key players and market share
– ACEGAME S.A.
– Alfred Karcher SE & Co. KG
– Anker Innovations Co., Ltd.
– Bidcom S.R.L.
– Britania Eletrodomesticos SA
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Latin America vacuum cleaners market 2019-2029
Chart Latin America vacuum cleaners market, net growth, 2019-2029
Chart Latin America vacuum cleaners market, growth rates, 2019-2029
Table Latin America vacuum cleaners market by product type, 2019-2029
Chart Latin America vacuum cleaners market by product type, CAGR historic and forecast, 2019-2029
Chart Latin America vacuum cleaners market by product type, 2019-2029
Table Latin America vacuum cleaners market by technology, 2019-2029
Chart Latin America vacuum cleaners market by technology, CAGR historic and forecast, 2019-2029
Chart Latin America vacuum cleaners market by technology, 2019-2029
Table Latin America vacuum cleaners market by distribution channel, 2019-2029
Chart Latin America vacuum cleaners market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Latin America vacuum cleaners market by distribution channel, 2019-2029
Table Latin America vacuum cleaners market by country, 2019-2029
Chart Latin America vacuum cleaners market by country, CAGR historic and forecast, 2019-2029
Chart Latin America vacuum cleaners market by country, 2019-2029
Table Latin America vacuum cleaners market share (%), by companies, 2019-2023
Chart Latin America vacuum cleaners market, by companies, 2023
Table Latin America vacuum cleaners market share (%), by brands, 2019-2023
Chart Latin America vacuum cleaners market, by brands, 2023
Table Latin America – population (millions) and forecast
Table Latin America – consumer price index (CPI) and forecast
Table Latin America – gross domestic product and forecast
Table Latin America vacuum cleaners market: spend as a proportion of GDP (%)
Table Latin America vacuum cleaners market: consumption per capita (population)