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Electric Broom Market Overview:
Electric Broom Market size is estimated to reach $1.2 billion by 2030, growing at a CAGR of 7.7% during the forecast period 2023-2030. Increasing focus on home hygiene, rising disposable incomes, the surging need for effective and convenient cleaning solutions due to increasingly busy lifestyles are analyzed to be the key factors to drive the market during 2023-2030. In addition, with the increasing prevalence of dust allergies, more and more people are becoming aware of the adverse health effects caused by dust and other airborne particles, leading to the demand for efficient cleaning tools including electric brooms.
Electric Broom Market Overview:
Electric Broom Market - Report Coverage:
The “Electric Broom Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Electric Broom Market.
COVID-19 / Ukraine Crisis - Impact Analysis:
The implementation of lockdowns and social distancing has led to a shortage of raw materials and components used in manufacturing electric brooms. This has resulted in price increases and longer wait times for delivery. Additionally, some manufacturers have had to halt production temporarily due to factory closures or reduced labor, further impacting supply issues. On the other hand, people spend more time at home, which raised the demand for home cleaning products. As a result, electric broom sales increased as consumers sought quick and convenient cleaning options.
The Russia-Ukraine war has had a significant impact on the regional & domestic electric broom market. The conflict's geopolitical ramifications have disrupted the global supply chain for electric broom manufacturers, leading to several key challenges. First, international companies face difficulties doing business in Russia due to sanctions, impeding access to the latest electric broom technology and components. Furthermore, damage to infrastructure and transportation difficulties within the conflict-affected region has hindered the movement of goods and components, affecting production and distribution processes. As a result, the Electric Broom Market is grappling with uncertainty and challenges, with potential long-term implications for the industry's growth and development.
Key Takeaways:
∙ Fastest Growth of Asia Pacific Region
Geographically, in the global Electric Broom market share, Asia Pacific is analyzed to grow with the highest CAGR of 8.3% during the forecast period 2023-2030. The surge in urban population and the rise of middle-class households have fueled demand for efficient and convenient cleaning solutions. This trend has led to the dominance of low-priced electric broom products in the market, catering to consumers seeking the comfort of technological advancements. Notably, Chinese brands have emerged as key players, leading in volume, while American brands show remarkable growth in premium categories across countries like India and China. This changing landscape reflects the evolving preferences and needs of consumers in the APAC region, where urbanization has driven the demand for innovative and accessible home cleaning solutions.
∙ Busy Millennial Lifestyle & Need for Convenient Household Alliances to drive the Market
Consumers especially the millennial class today are leading increasingly busy and fast-paced lifestyles, seeking products that can help them save time and effort. Electric brooms offer several essential conveniences that make them an attractive cleaning solution. These devices are lightweight, compact, and cordless, making them convenient for quick and easy cleaning tasks. Moreover, the innovative features and technological advancements, such as longer battery life and improved suction power, have further increased the convenience factor of electric brooms, driving their popularity in the market.
∙ Residential Segment to Register the Fastest Growth
In the Electric Broom Market analysis, the residential segment is expected to grow at a CAGR of 8.2% during the forecast period. With the increasing pace of urbanization, more and more people are moving to cities and living in apartments and smaller houses. These spaces require smaller cleaning equipment that efficiently cleans tight spaces, and electric brooms are an ideal solution.
Furthermore, the increasing prevalence of allergies and respiratory diseases is also contributing to the growth of the residential electric broom market. Electric brooms have advanced filtration systems that can effectively capture dust and allergens, making them an ideal cleaning solution for individuals with allergies. With the growing awareness about the importance of maintaining a clean and healthy indoor environment, the demand for electric brooms in the residential sector will continue to rise in the coming years.
∙ Corded Electric Broom is Leading the Market
According to the Electric Broom Market forecast, the corded electric broom held the largest market valuation of $482 million in 2022. Corded electric brooms are generally more powerful than their cordless counterparts and provide continuous operation without the need to recharge the batteries. These are also typically more durable and have longer lifespans, making them an attractive option for budget-conscious consumers.
∙ Battery Life as a Challenge for Cordless Electric Brooms
Even though improvements in battery technology have made these devices last longer, these may still need to have enough power or run time for certain cleaning tasks thereby limiting their effectiveness for long hours of operation. In addition, batteries degrade over time, limiting the product’s cleaning capacity and lifespan, which adds up to the maintenance cost over its service period. This reduces performance and the runtime of cordless electric brooms, leading to decreased customer satisfaction.
Electric Broom Market Share (%) By Region, 2022
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Electric Broom Market. The top 10 companies in this industry are listed below:
Alfred Kärcher SE & Co. KG
Dyson Limited
Makita Corporation
Bissell Inc.
The Hoover Company
SharkNinja Operating LLC
Fuller Brush Company
Black+Decker Inc.
Eureka Forbes Limited
Electrolux AB
Morphy Richards Ltd.
Rowenta Werke GmbH
Miele & Cie. KG.
Scope of the Report:
1. Electric Broom Market - Overview
1.1 Definitions and Scope
2. Electric Broom Market - Executive Summary
3. Electric Broom Market - Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Global Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. Electric Broom Market - Start-up Companies Scenario (Premium)
4.1. Key Start-up Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Venture Capital and Funding Scenario
5. Electric Broom Market – Market Entry Scenario Premium (Premium)
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
6. Electric Broom Market - Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Powers of Customers
6.4.3. Threat of New Entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitutes
7. Electric Broom Market – Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle
8. Electric Broom Market – By Type
8.1. Corded Electric Brooms
8.1.1. Market Trends by Region
8.1.2. Market Share & Forecast by Region
9. Electric Broom Market – By Operating Voltage
9.1. 120V/60Hz
9.1.1. Market Trends by Region
9.1.2. Market Share & Forecast by Region
9.2. 220-240V/50Hz
9.2.1. Market Trends by Region
9.2.2. Market Share & Forecast by Region
10. Electric Broom Market – Electric Broom Market
10.1. Horizontal
10.1.1. Market Trends by Region
10.1.2. Market Share & Forecast by Region
10.2. Vertical
10.2.1. Market Trends by Region
10.2.2. Market Share & Forecast by Region
10.3. Handheld
10.3.1. Market Trends by Region
10.3.2. Market Share & Forecast by Region
10.4. Barrel
10.4.1. Market Trends by Region
10.4.2. Market Share & Forecast by Region
10.5. Pusher
10.5.1. Market Trends by Region
10.5.2. Market Share & Forecast by Region
11. Electric Broom Market – By End Use
11.1. Residential
11.1.1. Market Trends by Region
11.1.2. Market Share & Forecast by Region
11.2. Commercial
11.2.1. Market Trends by Region
11.2.2. Market Share & Forecast by Region
12. Electric Broom Market – By Distribution Channel
12.1. Online Store
12.1.1. Market Trends by Region
12.2.2. Market Share & Forecast by Region
12.2. offline store
12.2.1. Market Trends by Region
12.2.2. Market Share & Forecast by Region
13. Electric Broom Market – by Geography (Market Size – $Million/$Billion)
13.1. North America
13.1.1. The U.S.
13.1.2. Canada
13.1.3. Mexico
13.2. Europe
13.2.1. UK
13.2.2. Germany
13.2.3. France
13.2.4. Italy
13.2.5. Spain
13.2.6. Russia
13.2.7. Rest of Europe
13.3. Asia-Pacific
13.3.1. China
13.3.2. India
13.3.3. Japan
13.3.4. South Korea
13.3.5. Australia & New Zealand
13.3.6. Rest of Asia-Pacific
13.4. South America
13.4.1. Brazil
13.4.2. Argentina
13.4.3. Chile
13.4.4. Colombia
13.4.5. Rest of South America
13.5. Rest of the World
13.5.1. Middle East
13.5.2. Africa
14. Electric Broom Market – Entropy
15. Electric Broom Market - Industry/Segment Competition Landscape Premium
15.1. Market Share Analysis
15.1.1. Market Share by Product Type – Key Companies
15.1.2. Market Share by Region – Key Companies
15.1.3. Market Share by Country – Key Companies
16. Electric Broom Market – Key Company List by Country Premium Premium
17. Electric Broom Market - Company Analysis
17.1. Alfred Kärcher SE & Co. KG
17.2. Dyson Limited
17.3. Makita Corporation
17.4. Bissell Inc.
17.5. The Hoover Company
Financials to the Private Companies would be provided on best-effort basis."
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The Electric Broom Market is projected to grow at 7.7% CAGR during the forecast period 2023-2030.
Global Electric Broom Market size is estimated to be $0.72 billion in 2023 and is projected to reach $1.2 billion by 2030
Global Electric Broom Market size is estimated to be $0.72 billion in 2023 and is projected to reach $1.2 billion by 2030
Smart and connected electric brooms, energy efficiency and sustainability, improved battery technology, integration of multiple cleaning functions and user-friendly design are some of the major Electric Broom Market trends in the industry which will create growth opportunities for the market during the forecast period.
Rising urbanization and the adoption of modern lifestyles, the convenience and ease of use offered, innovation in technology, and the increasing adoption of smart homes and home automation systems are the driving factors of the market.\\\\r\\\\n\\\\r\\\\n