Household Robot Market 2021-2027
New Study Reports " Global Household Robot Market 2021, Trends, Market Share, Industry Size, Growth, Opportunities Forecasts 2027" has been Added on MarketResearchFuture.
Summary:
Starting with the overview of the Household Robot market, it presents an overall analysis of the latest trends that are prevalent in the industry. The report begins with the description of the market surroundings and the analysis of the size and forecast of product or service on the basis of regions and applications. In addition to it, the report also introduces the market competitive landscape among the vendors and manufacturers that contribute to the growth of the product or service. The company profiling and market price analysis in relation to the value chain features is also covered in the report. The data experts have examined and carefully scrutinized the industry trends in the key regions. 2021 has been considered as the base year, with the forecast period extending to 2027.
Drivers and risks
In relation to the fundamental stimulants that mold the Household Robot market, an understanding has been provided about the pricing history, volume, value and market share of the product or service. A multitude of potential growth factors, risks, opportunities, constraints and the threat by new entrants is also mentioned in the report. These dynamics help to get a stronghold of the overall market
This report also analyzes the impact of Coronavirus COVID-19 on the Household Robot industry.
The study on the Global Household Robot Market in 2020 by Market Research Future has been conducted with the bird’s eye view of the current proceeding within the household robot industry. The report also considers the impact of the novel COVID-19 pandemic on the Desktop Hypervisor market. It offers a clear assessment of the projected market fluctuations during the forecast period (2017-2023) at a pace of 15.5% CAGR while anticipating a valuation of USD 8.5 Billion in the same years.
Top Impacting Factors
Household robots find its usefulness in diversified tasks. For instance, robots are widely used for vacuum cleaning. These robots consist of an intelligent programming vacuum floor cleaning system which allows the machine to clean floor autonomously without the intervention of human. The robot vacuum cleaner is convenient to use compared to a conventional vacuum cleaner due to its compactness in size and autonomy. This factor has been considered as one of the essential ones leading the market to a great extent.
The household robot market is anticipated to observe robust growth in subsequent years as these have stood up to be reliable and require less maintenance. Owing to the rise in penetration of robots in household applications, a rise in technological advancements, and a surge in cost for labor service, a bright outlook for household robots can be seen in the approaching years.
Other factors influencing the household robot market are the rapid urbanization, industrialization, awareness, and product development among consumers. Besides, a considerable rise in demand for autonomous robots, upsurge in recognition of robotics applications, the surge in concern for safety, and continuous swell in technological advancements drive the household robot's market growth during the forecast period.
Despite these factors, the issue of high initial investments is one of the factors hampering the growth of the household robot market. The rise in R&D investments focuses on improving the endurance capability of robots is ready to form profitable opportunities for the growth of the household robot market in the future timeframe.
Complete Report Details@ https://www.marketresearchfuture.com/reports/household-robot-market-8196
Key Players
The report has profiled some of the Important players prevalent in the global like – Samsung Electronics Co. Ltd (South Korea), iRobot (US), Neato (US), LG Electronics Inc (South Korea), Ecovacs (China), Dyson (UK), Alfred Kärcher (Germany), Lego (Denmark), iLife Innovation (China), Robomow (Israel) and Husqvarna (Sweden) and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Household Robot.
Segmentation of Market
The segmentation of the global household robot market has been done in the following ways:
In terms of component: The market has included products and services. The product segment by size as well as growth, products encapsulates all versions of domestic robots. The services, though not commanding the large share of the products segment, are critical as it oversees the installation, maintenance, and reprogramming of robots.
In terms of type segment, the market has included domestic and entertainment. In the domestic version, domestic robots find escalating utility for performing menial chores such as lawn-mowing, vacuuming, pool cleaning, and window cleaning. Mass production and lowering costs for domestic robots will fuel the segment. The entertainment segment is growing as it includes robotic companions, robotic pets, and even educational robots geared for children. Advances in AI and voice recognition technology are actively fueling the growth of this segment.
In terms of the application segment, the market has included elderly assistance, housecleaning lawn mowing, toys & hobby systems, companionship, laundry robots. The housecleaning segment of robots sell the highest number of units and leads by vacuuming robots, followed by window cleaning robots. The lawn mowing robots are sophisticated models that have reduced noise emission. As per The Telegraph, a fully charged Husqvarna Automower can maintain 5000 square meters of lawn.
Regional Front
The regional market in North America is a very large market with a very high growth forecast for housecleaning robots. The North American domestic robotics market is supported by a robust robotics industry and high-end robotic technology.
While in Europe market, a rising geriatric population is fueling the demand for elderly assistance robots whereas, younger populace has a demand for companionship robots and robotic toys.
The market in Asia-Pacific region has gained maximum growth potential. Japan is the world leader in robotics manufacture and innovation with an escalating demand for state-of-the-art elderly assistance and companionship robots. China and South Korea have established chip manufacturing and machining industries that are required to create robots, further aiding in the expansion of this market by cutting production costs.
In the list of the Rest of the World has accumulated a small market size, as there is primary interest in domestic robots. Thus, this market is limited by its small size.
Key Stakeholders
Household Robot Market Manufacturers
Household Robot Market Distributors/Traders/Wholesalers
Household Robot Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Household Robot Market SizeIncreasing interest in the development of robotic technology globally and surged cost efficacy in the making of household robots primarily drive the household robot market.
Giant players like LG Electronics Inc., Samsung Electronics Co Ltd., Husqvarna employ their technical know-how in making industrial robots to manufacture cost-effective and efficient household robots, which is propelling the market growth.
Robots with progressive AI are gaining popularity increasingly as companions and pets.
The progressive heuristic learning abilities of entertainment robots adds worth, accelerating demand.
This competitive and large market is capitalizing on the expansion of related markets such as semiconductors, AI, and electronics, to automate domestic applications.
Furthermore, social withdrawal is turning into an increasingly common occurrence with a large number of population residing in developed economies leading virtually secluded lives.The problem is critical enough for the UK to encompass loneliness in the remit of the Minister for Sport and Civil Society and for the government of Japan to identify it as a medical incidence called hikikomori.
Market AnalysisMarket Research Future (MRFR) estimates the Household Robot Market to surpass USD 8.5 billion at a CAGR of 15.5% from 2020 to 2027 (forecast period).A household robot is a type of service robot that aids humans by performing an activity or a job.
It can easily connect to WI-FI networks and performs activities with a high degree of autonomy.
The global household robot market is predicted to expand dramatically in the future years.The global household robot market is being pushed by rising demand for autonomous robots, more awareness of robotics applications, greater safety concerns, and rapid technological improvement.
Changes in consumer behavior as a result of global economic turbulence are expected to have an impact on the household robot industry over the forecast timeframe.Governments all around the world have imposed lockdowns, affecting the majority of industrial players and forced people to stay at home, restricting physical contact among people.
The constraints imposed on production activities in order to adhere to social distancing standards are anticipated to hinder the growth of the electronics sector, limiting the global household robot market's growth.The COVID-19 crisis has caused widespread disruption in the electronics industry.
Governments all across the world have imposed travel bans.
The growth sectors of the Household Robot Market are identified with precision for a better growth perspective.Increasing interest in the development of robotic technology globally and surged cost efficacy in the making of household robots primarily drive the household robot market.
Giant players like LG Electronics Inc., Samsung Electronics Co Ltd., Husqvarna employ their technical know-how in making industrial robots to manufacture cost-effective and efficient household robots, which is propelling the market growth.
The application of robots encompasses services such as maintenance, installation, reprogramming, and repair.
Robots with progressive AI are gaining popularity increasingly as companions and pets.The progressive heuristic learning abilities of entertainment robots adds worth, accelerating demand.
This competitive and large market is capitalizing on the expansion of related markets such as semiconductors, AI, and electronics, to automate domestic applications.
Furthermore, social withdrawal is turning into an increasingly common occurrence with a large number of population residing in developed economies leading virtually secluded lives.The problem is critical enough for the UK to encompass loneliness in the remit of the Minister for Sport and Civil Society and for the government of Japan to identify it as a medical incidence called hikikomori.
