Latin America Vacuum Cleaner Market Size & Outlook
Latin America vacuum cleaner market, 2018-2030 (US$M)
Related Markets
Latin America vacuum cleaner market highlights
- The Latin America vacuum cleaner market generated a revenue of USD 945.8 million in 2023.
- The market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
- In terms of segment, canister was the largest revenue generating product in 2023.
- Drum is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 945.8 million |
| Market revenue in 2030 | USD 1,850.9 million |
| Growth rate | 10.1% (CAGR from 2023 to 2030) |
| Largest segment | Canister |
| Fastest growing segment | Drum |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Canister, Central, Drum, Robotic, Upright, Wet & Dry |
| Key market players worldwide | Bissell, Craftsman Automation, Dream International Ltd, DeWalt, Dyson, Emerson Electric Co, Haier Smart Home Co Ltd ADR, IRobot Corp, Neato Robotics, Nilfisk Group, Panasonic Holdings Corp, Samsung Electronics Co Ltd, Snow Joe, Ecovacs, Karcher |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.9% of the global vacuum cleaner market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,879.1 million by 2030.
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Vacuum Cleaner Market Scope
Vacuum Cleaner Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America vacuum cleaner market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vacuum cleaner market will help companies and investors design strategic landscapes.
Canister was the largest segment with a revenue share of 25.56% in 2023. Horizon Databook has segmented the Latin America vacuum cleaner market based on canister, central, drum, robotic, upright, wet & dry covering the revenue growth of each sub-segment from 2018 to 2030.
The vacuum cleaner market in Latin America is highly competitive, with international and domestic brands vying for market share. Some of the major players in the market include Electrolux, Philips, and Samsung, as well as local brands such as Arno and Britania, the high cost of some high-end vacuum cleaners, which may be prohibitively expensive for many consumers.
Additionally, in some countries, the lack of infrastructure and reliable electricity can make it difficult for consumers to use certain vacuum cleaners.
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Target buyers of Latin America vacuum cleaner market databook
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Our clientele includes a mix of vacuum cleaner market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America vacuum cleaner market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America vacuum cleaner market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America vacuum cleaner market size, by country, 2018-2030 (US$M)
Latin America Vacuum Cleaner Market Outlook Share, 2023 & 2030 (US$M)
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