Boston, MA -- (ReleaseWire) -- 06/18/2014 -- As a result of high housing prices, many new small housing units in cities were witnessed. This had an effect on consumer preferences which shifted to easy-operating, light cylinder, stick and handheld vacuum cleaners. These vacuum cleaners take up less space in the house than the popular upright format.
Dyson Appliances Ltd maintained its lead in the category with a 16% volume share in 2013. Dyson's eponymous vacuum cleaners are available in upright, cylinder and handheld formats. Dyson vacuum cleaners became popular at the beginning of the review period, and are considered by many consumers as high quality and very efficient. Many consumers were willing to pay the high prices for Dyson vacuum cleaners as a long term investment.
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The strong competition in this category will continue and increase during the forecast period. As a result, a significant unit price drop in all standard vacuum cleaners categories and in robotic vacuum cleaners is expected. Due to the vast volume growth expected for robotic vacuum cleaners, and their high unit price in comparison to standard vacuum cleaners, overall growth of 10% in the unit price is expected. Due to long replacement cycles, the expected volume CAGR for the forecast period is 3%, lower than the 5% CAGR of the review period. As a result, the expected value CAGR for the forecast period is 3% in comparison to 5% during the review period.
Discover the latest market trends and uncover sources of future market growth for the Vacuum Cleaners industry in Israel with research from Euromonitor's team of in-country analysts.
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If you're in the Vacuum Cleaners industry in Israel, our research will save you time and money while empowering you to make informed, profitable decisions.
The Vacuum Cleaners in Israel market research report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volumes and values, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
- What is the market size of Vacuum Cleaners in Israel?
- What are the major brands in Israel?
- How have stick vacuum cleaners performance over the past 5 years?
- Are robotic vacuum cleaners the future for the vacuum industry?
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