The global Robotic Vacuum Cleaners market was valued at USD 4,217.8 Million in 2019 and is projected to reach USD 10,284.9 Million by 2027, expanding at a CAGR of 11.2% during the forecast period. Robotic vacuum cleaner refers to an autonomous robot equipped with an intelligent software program. It performs the functions of a regular vacuum cleaner with minimal to no human intervention. As these cleaners are compact, they can easily access and clean spaces under beds, cabinets, and tables. They produce less noise as compared to their non-robotic counterparts and are fitted with sensors that prevent them from hitting other objects or falling down the stairs.
Market Introduction
Robotic vacuum cleaners enable comparatively quick and easy cleaning of large spaces than manual cleaning. In addition, since robotic vacuum cleaners do not require manual intervention for operations, they significantly reduce costs (human resources) and time required for the cleaning process, thereby improving the overall efficiency of homeowners and business organizations. As these cleaners are compact in size, they can easily access and clean spaces under beds, cabinets, and tables.
Request Free Sample Report Here
Market Dynamics
The market is driven by factors such as increasing use of IoT in consumer appliances, increased female employment require ease in doing housework are considered as the primary reason for market growth.
Segmental Outlook
Based on types, the Robotic Floor Vacuum Cleaners was the largest product segment in the global robotic vacuum cleaners’ market in 2019. The segment contributed over three-fourth of the global market value in the same year. Floor space expansion with a rising number of residential units and businesses will drive demand for robotic floor vacuum cleaners throughout the forecast period.
Opportunities to innovate and launch new products are growing in the global robotic vacuum cleaners’ market. Many companies are entering the scene and developing novel products.
Regional Outlook
In terms of regions, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is a promising region for the market. It constituted a 33.5% share of the market in 2019. The market in the region is projected to expand at a CAGR of 10.8% during the forecast period. Rapid advancement in automation technologies in Japan and China is expected to push the global robotic vacuum cleaners’ market in Asia-Pacific. North America is anticipated to offer lucrative opportunities to market players owing to larger houses and widespread use of carpets. The increasing popularity of cordless vacuum cleaners in Western European countries will bolster the market.
Competitive Landscape
- Key players in the market include Dyson Ltd., iRobot Corporation, ILIFE Robotics Technology, Neato Robotics, Samsung Electronics Co. Ltd., Ecovacs Robotics, Hayward Industries Inc., Sharp Corporation, Panasonic Corporation, Pentair, Yujin Robot Co., Ltd, Metapo, Inc., Miele & Cie. KG, Koninklijke Philips N.V, Maytronics Ltd.
- In January 2019, US-based iRobot Corp, a dominant player in the robotic vacuum cleaners market announced its investment plans to enter in China market. The company offers Roomba robot vacuum cleaners and plans to invest more in research and development in China, as it hopes to grow the market. The company launched a floor mopper tailor-made for the Chinese market in 2016 and established a commercial team at its Shanghai office to directly manage sales, marketing, and after-sales services, to be more responsive to the local market.
About Growth Market Reports:
GROWTH MARKET REPORTS provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GROWTH MARKET REPORTS has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys.
Contact:
Growth Market Reports
Phone: +1 909 414 1393
Email: [email protected]
Web: https://growthmarketreports.com
The Business Research Company published its Robotic Vacuum Cleaners Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global robotic vacuum cleaners market.
The report covers the robotic vacuum cleaners market’s segments- by type: robotic floor vacuum cleaner; robotic pool vacuum cleaner and by end-users: residential; commercial.View Complete Report: https://www.thebusinessresearchcompany.com/report/robotic-vacuum-cleaners-global-market-reportRobotic Vacuum Cleaners Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
