Also, secure transactions and cash-on-delivery options increase the demand for steam cleaners on online distribution channels. Omnichannel retailing has made online retail distribution channels popular. The growth in Internet penetration, the growing trust in and inclination of customers for online retailing, the availability of quick shipping, and a wide variety of consumer products play a significant role in driving the global e-commerce market forward.įor instance, offers steam cleaners from various brands, such as BISSELL Homecare Inc., Dupray, Vapamore, and others. The growing number of Internet users and the ready-to-buy attitude of these users are the main factors boosting the popularity of the online retail channel. The average amount of money spent online per transaction and the number of transactions that take place online are on the rise globally. Several international e-commerce platforms are available across the world. Growing demand for online retailing is the primary trend driving the steam cleaner market growth. The rising penetration of the Internet and smartphones has made online shopping extremely convenient, which is increasing its adoption among people. Thus, the rising number of smart homes across the world is expected to drive the growth of the market during the forecast period. Vendors in the market offer multi-purpose floor steam cleaners with smart steam technology. The development of smart homes drives the purchase of appliances such as steam vacuum cleaners, home theatre systems, and other advanced household appliances and equipment. It is also fueled by government initiatives worldwide to promote better living standards. The demand for smart homes is driven by the convenience that it offers. Smart homes involve all consumer electronic devices, entertainment equipment, and other smart electronics being interconnected to the home network. Owing to the growing demand for a luxurious lifestyle, driven by the rising disposable income, an increasing number of homeowners are adopting home automation systems, which, in turn, is driving the number of smart homes in North America. Besides, North America accounts for the largest share of the smart home market, which is primarily attributed to the increasing consumer inclination for home automation. This energy-saving translates into cost savings for users, which will drive the growth of the smart home market in Europe during the forecast period. Countries such as Sweden, Finland, and Poland are focusing on switching to renewable energy to save on utility costs. The demand for smart homes in Europe is growing mainly due to the increasing focus on deploying renewable energy resources in several countries. The rising number of smart homes is notably driving the steam cleaner market growth. The demand for smart homes is rising in developed countries like the US, the UK, and Germany. Although there has been a decrease in demand for the market during the COVID-19 pandemic, a holistic analysis of drivers will help companies refine marketing strategies to gain a competitive advantage. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. The rising number of smart homes is notably driving the steam cleaner market growth, although factors such as the availability of low-cost manual labor in developing countries may impede the market growth. Sign up now and get instant access to Sample Report for FREE Steam Cleaner Market: Key Drivers, Trends, Challenges, and Customer Landscape What will the Size of the Steam Cleaner Market be During the Forecast Period? Furthermore, the report includes historic market data from 2017 to 2021. It also includes an in-depth analysis of drivers, trends, and challenges. This report extensively covers market segmentation by end-user (commercial and residential), type (fully automatic and semi-automatic), and geography (APAC, North America, Europe, Middle East, and Africa, and South America). By end-users, the global steam cleaner market is dominated by the commercial segment, followed by the residential segment. They are also known as wet/dry vacuum cleaners. Steam cleaners are cleaning appliances that use steam to quickly clean, dry, and sanitize inanimate surfaces that carry infectious organisms. The Global Steam Cleaner Market size is estimated to grow by USD 390 million between 20 and the size of the market is forecast to increase at a CAGR of 5.9%. The growth of the market depends on several factors, including the rising number of smart homes, the expanding applications of steam cleaners, and the growing demand from developing countries. Steam Cleaner Market Analysis Forecast 2023-2027
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