PROSPECTS AND OPPORTUNITIES
Stick vacuum cleaners and robotic vacuum cleaners to see continued strong expansion over the forecast period
Stick vacuum cleaners and robotic vacuum cleaners are expected to continue to see strong growth in the forecast period as penetration remains low and consumers have only started to gain awareness of these products in recent years. Furthermore, with the Philippines expected to experience strong economic growth over the forecast period, disposable incomes will grow, and more consumers will be able to purchase these products.
Demand for innovation and all-in-one products amongst higher income households will drive growth
While affordability remains the focus for most manufacturers to drive awareness and value growth, higher income households continue to look for the best products in the market that can do the required work better. While this consumer segment is not large, it will make a considerable contribution to value growth considering the prices of the products involved.
E-commerce brands will still dominate the market through affordability
E-commerce will continue to be the go-to channel for vacuum cleaners, especially for stick vacuum cleaners, as it offers pure e-commerce brands in the USD15-25 price range, which cannot be found in offline stores. Good reviews and endorsements in the last two years of the review period have helped massively in boosting the channel as a go-to place to find reliable vacuum cleaners.
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Overview:
Understand the latest market trends and future growth opportunities for the Vacuum Cleaners industry in Philippines with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Vacuum Cleaners industry in Philippines, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Vacuum Cleaners in Philippines report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Vacuum Cleaners in Philippines?
- Which are the leading brands in Philippines?
- How are products distributed in Philippines?
- To what extent has COVID-19 and accordant macroeconomic and retail disruption impacted demand?
- How are considerations such as urban development and the rise in single-person households determining sales growth?
- Where is future growth expected to be most dynamic?
Vacuum Cleaners in the Philippines - Category analysis
KEY DATA FINDINGS
Stick vacuum cleaners records the highest growth in consumer appliances
Robotic vacuum cleaners experiences rapid expansion in 2024
Deerma retains a strong lead in standard vacuum cleaners, while Xiaomi remains the go-to option for robotic vacuum cleaners
Stick vacuum cleaners and robotic vacuum cleaners to see continued strong expansion over the forecast period
Demand for innovation and all-in-one products amongst higher income households will drive growth
E-commerce brands will still dominate the market through affordability
Consumer Appliances in the Philippines - Industry Overview
Consumer appliances in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer appliances?
DISCLAIMER
The following categories and subcategories are included:
Vacuum Cleaners
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- Cylinder Vacuum Cleaners
- Handheld Vacuum Cleaners
- Stick Vacuum Cleaners
- Upright Vacuum Cleaners
- Steam Vacuum Cleaners
- Robotic Vacuum Cleaners
Vacuum Cleaners
A vacuum cleaner is a mechanical device using air suction to remove dust, loose dirt, pet hair etc from household floors and surfaces. Vacuum cleaners include upright, cylinder, wet and dry, handheld, stick and other vacuums.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Vacuum Cleaners research and analysis database.
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