The new report by Expert Market Research titled, ‘Global Robotic Vacuum Cleaner Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global robotic vacuum cleaner market, assessing the market based on its segments like types, distribution channels, operations, applications, and regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators and analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 2.96 Billion
- Forecast CAGR (2021-2026): 83%
- Forecast Market Size (2026): USD 10.67 Billion
The robotic vacuum cleaner market is being driven by the growing demand for efficient robotic vacuum cleaners worldwide. This can be attributed to rising digitalisation, which is leading to the adoption of IoT solutions and digital devices, among the consumers. In addition, the growing spread of the 5G network and the increased accessibility to internet facilities is also aiding the market growth. Moreover, the growing dependency of the consumers on technology is also expected to augment the market growth in the coming years. These factors are expected to drive the market growth in the forecast period.
Industry Definition and Major Segments
Robotic vacuum cleaners are cleaning devices that are self-driven and can be remotely controlled. These devices autonomously clean an area using sensors that programmed to assist in the efficient cleaning process. In addition, with the rapid technological advancements, robotic cleaning devices are learning to adapt to various environments and avoid hazardous objects in its path.
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The robotic vacuum cleaner market, on the basis of type, can be segmented into:
- Cleaning Robot
- Hybrid Robot
- Mopping Robot
Based on distribution channel, the industry can be segregated into:
- Online
- Offline
On the basis of operation, the market can be distributed into:
- Self-driven
- Remote-controlled
Based on application, the industry can be categorised into:
- Residential
- Commercial
Among these, the commercial segment can be further segregated into hospitality, healthcare, retail, offices, and others.
The regional markets for robotic vacuum cleaner include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The global robotic vacuum cleaner industry is being driven by the growing working population and their busy work schedules, which is driving them to invest in technological solutions to help with household cleaning chores. In addition, the rising disposable incomes, rapid urbanization, and the improved living standards of the consumers is also estimated to add to the market growth. Rapid technological advancements such as the integration artificial intelligence (AI) are also estimated to aid the market growth. The factors are anticipated to provide aid the market growth in the coming years.
Key Market Players
The major players in the market are iRobot Corporation, Beijing Roborock Technology Co., Ltd., Ecovacs Robotics Co., Ltd., Anker Innovations Limited Technology Co., Ltd., Panasonic Corporation, and LG Electronics, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
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