Global Wet Vacuum Cleaner Market Size, Share, Trends & Growth Forecast Report – Segmented By Product Type (Cordless and Wired), Application (Household and Commercial), Distribution Channel (Supermarket/Hypermarket, Specialty Store, E-Commerce and Others) and Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) – Industry Analysis (2024 to 2029)

Updated On: June, 2024
ID: 10584
Pages: 175

Global Wet Vacuum Cleaner Market Size (2024 to 2029)

The global wet vacuum cleaner market is expected to be worth USD 1.46 billion by 2029 from USD 1.2 billion in 2024, growing at a CAGR of 4.1% from 2024 to 2029.

Current Scenario of the Wet Vacuum Cleaner Market

Wet vacuums are cleaning devices that are often employed to collect liquids and dust.

Wet vacuums are a specific form of drum/cylinder model that could be used to clean up wet liquid spills. They are specially designed for outdoor and indoor use and to accommodate wet debris. They are much more flexible and versatile than normal vacuum cleaners. These have two different compartments that are suitable for easily collecting dry dust and wet spills. There are two types of wet vacuuming products available in the market, including cordless and corded wet vacs, through various distribution channels. Wet vacuums were primarily used for cleaning business premises. However, manufacturers have introduced new compact models of various sizes for home use. In addition to this, makers are developing IoT (Internet of Things) infused wet vacuums to be more useful and convenient for cleaning purposes. Hence, it has driven the growth of the wet vacuum cleaner market in terms of sales value.

MARKET DRIVERS

The growth of the global wet vacuum cleaner market is driven by rising health and hygiene concerns and an increasingly global workforce.

This has led to a growing demand for efficient and rapid IOT infusion cleaning devices, including wet vacuums, in the retail market; hence, it drives the growth of the worldwide wet vacuum cleaner market. In addition, wet vacuums are widely used in the commercial sector, including the manufacturing industry, HoReCa (hotel/restaurant/cafe) industry, and others. Hence, this, in turn, is driving the growth of the wet vacuum cleaner market.

Manufacturers have a long history of investing in the R&D of new products in order to develop products with compact dimensions and lightweight. Subsequently, it improves transportation in any vehicle and medium. Additionally, companies are focusing on developing HEPA filters that could be readily available in the aftermarket. In addition, the companies in the wet vacuum cleaner market are developing products that can be easily or automatically turned on with a Bluetooth battery or remote control.

MARKET RESTRAINTS

However, the low penetration of vacuum cleaners in the home sector, together with the high retail price of wet vacuums, is expected to limit the growth of the wet vacuum cleaners industry during the outlook period.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

4.1%

Segments Covered

By Product Type, Application, Distribution Channel and Region

Various Analyses Covered

Global, Regional, and country Level Analysis, Segment-Level Analysis; DROC, PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Market Leader Profiled

Alfred Kärcher SE & Co. KG, Tennant Company, Nilfisk Group, Koninklijke Philips N.V., AB Electrolux, Tineco Intelligent Technology, Delfins, Bissell Group, Hako Group and Shop Vacs.

 

SEGMENTAL ANALYSIS

Global Wet Vacuum Cleaner Market By Product Type

The corded segment accounted for the highest share of the global wet vacuum market in 2023.

This has been attributed to the improved functionality of the corded wet vacuum due to its higher suction power and its longest uptime after connecting to the network unit. Therefore, corded vacuum cleaners have a higher dust collection capacity compared to cordless wet vacuums. Additionally, the corded water vacuum has a much larger storage space for collecting dust and liquid spills. So you can vacuum for a longer period without needing to empty it frequently.

Global Wet Vacuum Cleaner Market By Product Type

The commercial segment accounted for more than half of the market in 2023 and is estimated to maintain its dominance during the conjecture period.

This is primarily attributed to the rising concern for the development and maintenance of hygiene and environmental cleanliness in the commercial sector, as this translates into greater health benefits for its employees. Additionally, a clean workplace increases employee efficiency. This increasingly encourages the commercial sector to use cleaning devices, such as wet vacuums, to keep their facilities clean and hygienic.

Global Wet Vacuum Cleaner Market By Distribution Channel

The specialty store was the main market in 2023 and represented the maximum share of the global market for wet vacuum cleaners.

Specialty stores provide high-quality service with detailed product specifications and expert advice to customers. In addition, these stores promote international and private-label sales in their stores. Coupon and discount campaigns are now all the rage to build a brand, attract more customers, and increase the value of sales. However, the E-Commerce sector is estimated to progress in the coming years, recording a significant revenue rate in this industry. Therefore, this fact is supposed to provide many opportunities for manufacturers to drive the wet vacuum market online.

KEY MARKET PLAYERS

A few of the major players in the global wet vacuum cleaner industry include Alfred Kärcher SE & Co. KG, Tennant Company, Nilfisk Group, Koninklijke Philips N.V., AB Electrolux, Tineco Intelligent Technology, Delfins, Bissell Group, Hako Group, and Shop Vacs.

DETAILED SEGMENTATION OF THE GLOBAL WET VACUUM CLEANER MARKET INCLUDED IN THIS REPORT

This research report on the global wet vacuum cleaner market has been segmented and sub-segmented based on the following categories.

By Product Type

  • Cordless
  • Wired

By Application

  • Household
  • Commercial

By Distribution Channel

  • Supermarkets/Hypermarkets
  • Specialty Store
  • E-Commerce

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

North America accounted for the dominant share in the international marketplace and is likely to continue its reign in the coming years.

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Frequently Asked Questions

What was the worth of the wet vacuum cleaner market in 2022?

The global wet vacuum cleaner market was valued at USD 1.1 billion in 2022.

How fast is the wet vacuum cleaner market growing?

The wet vacuum cleaner market is experiencing steady growth at a CAGR of approximately 4.1% from 2023 to 2028.

Which regions dominate the wet vacuum cleaner market in terms of market share?

North America and Europe are the leading regions in the wet vacuum cleaner market, accounting for a significant share due to higher awareness and adoption.

What are the key factors driving market growth?

Factors such as increased awareness of hygiene, rising incidents of water damage, and technological advancements in wet vacuum cleaner design are driving market growth.

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