The global household vacuum cleaners market is expected to reach USD 16.1 billion by 2022, according to a new report by Grand View Research, Inc. Increasing government initiatives to spread awareness about cleanliness and hygiene worldwide is expected to contribute to revenue growth. Rising disposable income and increasing preference for new technologies worldwide is anticipated to favor industry growth over the forecast period. Price is estimated to be a critical factor in buying decision. Rising competition owing to presence of large industry players and less differentiated product is expected to benefit Industry leading to price reduction.
http://www.grandviewresearch.com/industry-analysis/household-vacuum-cleaners-market
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