Pune, India, Jan. 18, 2023 (GLOBE NEWSWIRE) --
The global robotic vacuum cleaner market size to grow from USD 11.97 billion in 2021 in 2021 to USD 50.65 billion by 2028, growing at CAGR of 27.2% during forecast period. Factors such as increase in demand for automation and smart home technology. Robotics technology has advanced significantly, making robotic vacuums more efficient, effective, and user-friendly also boosting the growth of robotic vacuum cleaner market globally.
According to analysts, the growing trend of smart homes and IoT has led to an increase in demand for automated cleaning solutions. Increase in adoption in robotic vacuum cleaner commercial spaces also contributing to growth of market.
Request a PDF of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/robotic-vacuum-cleaners-market-100645
List of Key Players in the Global Robotic Vacuum Cleaner Market:
- Dyson Ltd. (Malmesbury, U.K.)
- Ecovacs (Suzhou, China)
- iRobot Corporation (Massachusetts, U.S)
- LG Electronics (Seoul, South Korea)
- Samsung Corporation (Seoul, South Korea)
- Proscenic (Zhengzhou, China)
- Matsutek Enterprises Co. Ltd. (Taipei, Taiwan)
- Neato Robotics (Newark, California)
- Koninklijke Philips N.V. (Amsterdam, Netherlands)
- Robert Bosch GmbH (Gerlingen, Germany)
- Panasonic Corporation (Osaka, Japan)
- Bissell Inc. (Grand Rapids, Michigan)
- Miele & Cie. KG (Gütersloh, Germany)
- Sharp Corporation (Osaka, Japan)
Report Scope and Segmentation:
| Report Coverage | Details |
| Forecast Period | 2021 to 2028 |
| Forecast Period 2021 to 2028 CAGR | 27.2% |
| 2028 Value Projection | USD 50.65 billion |
| Base Year | 2020 |
| Market Size in 2020 | USD 9.77 billion |
| Historical Data for | 2017 to 2019 |
| No. of Pages | 160 |
| Segments covered | Type, Application, Operation Mode, Distribution Channel, Price and Region |
| Growth Drivers | Adoption of Automated Products across the Residential Sectors to Uplift Products Demand |
COVID-19 Impact-
The market has experienced a limited impact of the coronavirus pandemic. The shutdowns of production plants and manufacturing facilities due to stringent lockdowns and curfews imposed by governments of nations across the globe have hindered the market growth. However, technology-based robotic vacuum cleaners have gained immense popularity during the pandemic due to the need for sterilization and sanitation to avoid the contraction of coronavirus. The market came to a halt during the initial phases of the pandemic. However, the market is currently progressing and is likely to exhibit astonishing growth in the forthcoming years.
Market Segmentation-
On the basis of type, the market is trifurcated into pool vacuum cleaners, window vacuum cleaners, and floor vacuum cleaners. On the basis of application, the market is bifurcated into commercial and household. On the basis of operation mode, the market is fragmented into the remote control and self-drive. On the basis of distribution channels, the market is segmented into offline and online. On the basis of price, the market is categorized into above USD 500, USD 300 – 500, USD 150 – 300, and below USD 150. Geographically, the market is classified into North America, Middle East & Africa, Asia Pacific, Latin America, and Europe.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/robotic-vacuum-cleaners-market-100645
Report Coverage-
- The report covers the market’s competitive landscape and profiles key market players accordingly.
- The report highlights the challenges and restraints to market growth and suggests strategies to overcome them.
- The report showcases the impact of the coronavirus outbreak and its effect on market’s growth.
- The report provides information on the key market trends and latest industry developments.
Drivers & Restraints-
Rising Adoption of Smart and Innovative Systems to Boost Market Growth
Residential robotic vacuum cleaners are generally used for UV sterilization, mopping, and security cameras for safety from fire or intruders. Major manufacturers are launching products incorporated with voice recognition abilities to interpret voice commands. The rising adoption of smart and innovative automated systems is projected to prevail as a key trend fostering the global robotic vacuum cleaner market growth.
Additionally, the growing adoption of automated products is anticipated to bolster market growth in the coming years. The rising inclination towards smart home technologies is likely to fuel market growth. The rising adoption of smart and innovative automated systems is also projected to foster market growth. Manufacturers are incorporating voice recognition abilities to interpret voice commands, which is likely to stimulate the market growth further
However, high costs of maintenance may hinder the market growth of these high-tech automated products and systems.
Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/robotic-vacuum-cleaners-market-100645
Regional Insights-
Decreased Price Unit in China to Fuel Growth in Asia Pacific
Asia Pacific is poised to hold the largest global robotic vacuum cleaner market share in the coming years. The decreased unit price in China is likely to be a key factor driving the region’s market growth. The presence of several robotic vacuum cleaner manufacturers in China is anticipated to boost the growth of the region’s market. Additionally, the exceptional growth observed in Japan due to innovative, advanced product launches is expected to complement the region’s market growth.
North America is expected to hold the second-largest market share. The development of technologically advanced automated cleaners in the U.S. is likely to boost the region’s market growth.
Europe is anticipated to exhibit stellar growth due to the high demand for automated vacuum cleaners. The high carpet usage and larger household spaces across Europe augment the demand for automated robotic vacuum cleaners, which is likely to be a key factor driving the region’s market growth.
Competitive Landscape-
Key Players New Products to Capture Growth
The market is fairly fragmented and comprises several key players operating internationally and domestically. Amongst the top market players, Ecovacs and iRobot Corporation holds a substantial revenue share in the market. The key players emphasize extensive research and development activities to manufacture technologically advanced products. For instance, Ecovacs launched a new floor and wall robotic vacuum cleaner, DEEBOT Ozmo 920, in December 2019.
Industry Developments-
March 2020: Ecovacs launched a new TrueMapping technology equipped modern AI-driven floor cleaning robotic vacuum cleaner.
Request for Customization- https://www.fortunebusinessinsights.com/enquiry/customization/robotic-vacuum-cleaners-market-100645
Table of Content-
- Introduction
- Definition, By Segment
- Research Approach
- Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Force Analysis
- Global Robotic Vacuum Cleaner Market Share Analysis and Matrix, 2020
Continued...
Get a Quote- https://www.fortunebusinessinsights.com/enquiry/get-a-quote/robotic-vacuum-cleaners-market-100645
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
