Robotic Vacuum Cleaner Market to Perceive Huge Growth of USD 14.23 Billion by 2029, Size, Share, Growth Rate, Emerging Trends, Development Status and Revenue Outlook

The robotic vacuum cleaner is becoming more popular in the household and commercial sectors for lawns, cleaning windows, pools and floors because these vacuum cleaner do the jobs in less time and at a lower cost without requiring any physical effort

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DALLAS, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Data Bridge Market research has a newly released expansive study titled “Global Robotic Vacuum Cleaner Market” which guarantees you will remain better informed than your competition. This study provides a broader perspective of the marketplace with its comprehensive market insights and analysis which eases survival and succeeding in the market. This Robotic Vacuum Cleaner market research report takes into account major parameters namely market analysis, market definition, and market segmentation, key developments in the market, competitive analysis, and research methodology. The report gives idea about various inhibitors as well as motivators of the product market in both quantitative and qualitative manner so that users get precise information. The market drivers and restraints have been explained appropriately using Porter’s Five Forces analysis. Thus, the Robotic Vacuum Cleaner market report works as a crucial tool to have risen in business activities, qualitative work done and enhanced profits.

Global robotic vacuum cleaner market was valued at USD 3.61 billion in 2021 and is expected to reach USD 14.23 billion by 2029, registering a CAGR of 18.70% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.

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REPORT METRICS

Forecast Period - 2022 to 2029
Base Year – 2021
Historic Years - 2020 (Customizable to 2014 - 2019)

Robotic vacuum cleaner is mainly an autonomous robot with an advance software programmer. With no human interaction, it works similar like a typical vacuum cleaner. The small size of robotic vacuum cleaner makes it easy to accessible and clean locations under cabinets, beds and tables. These vacuum cleaner make less noise than other non-robotic equivalents and have sensors which prevent the robotic vacuum cleaner from colliding with other objects or falling down the stairs.

The increased reach of internet facilities and wide availability of the 5G network ae the primary factor that boost the adoption of robotic vacuum cleaners in the market, which helps expand the market. Furthermore, the self-driving vacuum cleaner has largely gained popularity and the advancement in the household work culture has enabled the growth of the robotic vacuum cleaner market all over the globe. The “floor vacuum cleaner is the fastest growing type segment due to its ability to be used on numerous surfaces, such as vinyl, wooden floor, marble, and tiles floor over the forecast period. Consumers are more inclined towards the purchase of floor vacuum cleaner in the robotic vacuum cleaner market. Most of the household cleaning focuses on cleaning floors, and hence the demand for the floor vacuum cleaners is on the rise in daily purposes. Therefore, the robotic vacuum cleaner market is estimated to flourish rapidly due to all these factors over the forecasted period of 2022-2029

Some of the major players operating in the Robotic Vacuum Cleaner market are

  • ECOVACS (China)
  • Dyson (U.K.)
  • LG Electronics (South Korea)
  • iRobot Corporation (U.S.)
  • Proscenic (China)
  • Samsung (South Korea)
  • Neato Robotics, Inc., (California)
  • Matsutek Co. Ltd. (Taiwan)
  • Robert Bosch GmbH (Germany)
  • Koninklijke Philips N.V. (Netherlands)
  • Panasonic Corporation (Japan)
  • Hayward Industries, Inc, (U.S.)
  • BLACK+DECKER (U.S.)
  • SharkNinja Operating LLC (U.S.)
  • bObsweep (Canada)
  • Maytronics (Israel)
  • Taurus Group (Spain)
  • Miele & Cie. KG (Germany)
  • AB Electrolux (Sweden)

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The report provides insights on the following pointers:

  1. Market Penetration: Comprehensive information on the product portfolios of the top players in the Robotic Vacuum Cleaner market.
  2. Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
  3. Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
  4. Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
  5. Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and Investments in the Robotic Vacuum Cleaner market

Opportunities for Key Players:

  • Advancements, Digitalization and Investments

Integrating advanced technologies such as the laser-based and voice recognition technologies to map the floor structure will create profitable opportunities for the market players during the forecast period of 2022 to 2029. Moreover, the increase in digitalization with augmented adoption of internet of things (IoT) solutions along with the increased research and development investments will further increase the growth of the robotic vacuum cleaner market in upcoming years.

  • Surging product launches

Additionally, the surging product launches and other innovations by market players further offer numerous growth opportunities within the market. For instance, Ecovacs Robotics has announced the launch of DEEBOT 711S and DEEBOT 661 and they can be purchased from online retailer Amazon.com. DEEBOT 661 is an adaptable floor cleaning robot that can go from vacuum to mop, completely depending on consumer’s needs.

Segmentation Covered: Robotic Vacuum Cleaner Market

By Type

  • Floor Vacuum Cleaner
  • Window Vacuum Cleaner
  • Pool Vacuum Cleaner

 By Operation Mode

  • Self-Drive
  • Remote Control

By Charging Type

  • Manual Charging
  • Automatic Charging
  •  

By Distribution Channel

  • Electronic Stores
  • E-Commerce
  • Retail Stores
  • Supermarket/Hypermarkets

By End User

  • Residential
  • Commercial
  • Institutional and  Industrial

Browse Detailed Summary of Research Report @ https://www.databridgemarketresearch.com/reports/global-robotic-vacuum-cleaner-market

Robotic Vacuum Cleaner Market Regional Analysis/Insights:

The countries covered in the robotic vacuum cleaner market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the market in terms of revenue and share. The market growth over this region is attributed to a decrease in the cost of the product and a rise in consumers' purchasing power in this region.
Europe on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the innovation in the product offerings, willingness of the consumers’ to spend on added value and growing demand for innovative products in this region.

Drivers

  • Increased Requirement for Robotic Vacuum Cleaner

The robotic vacuum cleaner is becoming more popular in the household and commercial sectors for lawns, cleaning windows, pools and floors because these vacuum cleaner do the jobs in less time and at a lower cost without requiring any physical effort. These robotic vacuum cleaner has taken lesser time for the household activities which further create the unprecedented demand for the robotic vacuum cleaner services in the market. Therefore, the increased product demand are expected to drive the growth of the robotic vacuum cleaner market.

  • Growing demand of robotic vacuum cleaner in household activities

Reduction in the household activities by the use of these vacuum cleaner is the main factor which are expected to drive the growth of the robotic vacuum cleaner market. Modern household equipment or devices are becoming more computerized, reducing time spent and suitability on house chores. The rising demand for robotic vacuum cleaner in household activities is expected to increase the market's revenue growth.

Furthermore, the rise in the working population, growing purchasing power and growing number of smart homes will further drive the growth rate of the robotic vacuum cleaner market. Additionally, the busy schedules and reduced time taken for household chores, growing inclination towards hygiene and cleanliness, increasing number of working women and the escalating income levels in households also boost the overall market's growth rate.

Critical Insights Related to the Robotic Vacuum Cleaner Included in the Report:

  • Exclusive graphics and Illustrative Porter’s  Five Forces analysis of some of the leading companies in this market
  • Value chain analysis of prominent players in the market
  • Current trends influencing the dynamics of this market across various geographies
  • Recent mergers, acquisitions, collaborations, and partnerships
  • Revenue growth of this industry over the forecast period
  • Marketing strategy study and growth trends
  • Growth driven factor analysis
  • Emerging recess segments and region-wise market
  • An empirical evaluation of the curve of this market
  • Ancient, Present, and Probable scope of the market from both prospect value and volume

TABLE OF CONTENTS

Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix

For More Insights Grab TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-robotic-vacuum-cleaner-market

Browse Related Reports:

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  • Wet Vacuum Cleaner Market, By System Type (Portable, Stationary), Technology (Automatic, Semi-Automatic), Application (Household, Commercial, Professional Craftsmen (DIY), Woodworking, Car Service, Individual, Garage/ Service, Stations, Construction Site, Commercial Establishment), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-wet-vacuum-cleaner-market
  • Wet/Dry Household Vacuum Cleaners Market, By Operation Mode (Self-Drive, Remote Control), Distribution Channel (Online, Offline), Price Range (Low, Medium, High), Type (Floor Vacuum Cleaner, Window Vacuum Cleaner, Pool Vacuum Cleaner), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-wet-dry-household-vacuum-cleaners-market

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