Robotic Vacuum Cleaner Market Worth $15.4 Billion by 2028

 

Meticulous Research® – a leading global market research company published a research report titled “Robotic Vacuum Cleaner Market by Type (Cleaning Robots, Mopping Robots, Hybrid Robots), Distribution Channel (Online, Offline), Operation (Self-drive) Price Range (Below USD 200, 201- 500) Application (Residential, Commercial) - Global Forecast to 2028".

Download Free sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5181?utm_source=blog&utm_medium=social+&utm_campaign=product&utm_content=12-02-2024

According to this latest publication from Meticulous Research®, the global robotic vacuum cleaner market is projected to reach a value of $15.4 billion by 2028, growing at a CAGR of 23.2% during the forecast period. The market, in terms of volume, is estimated to reach 60.9 million units by 2028, growing at a CAGR of 19.7% from 2021 to 2028. The robotic vacuum cleaners market is witnessing growth due to high demand among consumers with busy lifestyles and growing automation in homes. The increased efficiency and productivity of vacuum cleaners due to advanced features, such as AI and connectivity, is propelling consumers to purchase robotic vacuum cleaners in Asia-Pacific and North America.

The robotic vacuum cleaners market is gaining high pace due to several strategic developments adopted by industry leaders to develop their product portfolio and meet the changing consumer demands in developed countries. The companies are majorly developing new robot vacuums with enhanced technologies. These new vacuum cleaners allow the users to customize the vacuuming & mopping operations that result in efficient cleaning. Additionally, to meet the demand globally, companies are expanding their sales network in untapped regions with online sales channels.

The global robotic vacuum cleaners market is segmented based on type (cleaning robots, mopping robots, hybrid robots), distribution channel (online, offline), operation (self-drive, remote-controlled), price range (below USD 200, USD 201 to 500, above USD 501), application (residential, commercial [hospitality, offices, healthcare, retail, other end users]) and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyses the market at the country level.

Based on type, the robotic vacuum cleaners market is segmented into cleaning robots, mopping robots, and hybrid robots. The cleaning robots segment is estimated to account for the largest share in 2021 due to the inexpensive nature of these cleaners. Additionally, traditional infrastructure transformation to new homes & commercial spaces that support smart appliances drives the market.

Based on distribution channel, the market is segmented into online and offline channels. The online channel segment is expected to grow at the highest CAGR during the forecast period.

Speak to analyst: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5181?utm_source=blog&utm_medium=social+&utm_campaign=product&utm_content=12-02-2024

Based on application, the market is segmented into residential and commercial. In 2021, the residential segment is estimated to account for the largest share of the market due to the product features that perfectly fit the home environment. Rising consumer demand for autonomous robotic technology and human intervention minimization are factors driving the market growth.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., and Canada), Europe (U.K., Germany, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), the Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of the Middle East & Africa).

In 2021, Asia-Pacific is estimated to command the largest share of the global robotic vacuum cleaners market, followed by North America and Europe. The share is attributed to the robust manufacturing sector in China, Japan, and South Korea and the high deployment of robot vacuums and mops in residential setups.

Key Players

The key players operating in the global robotic vacuum cleaners market are iRobot Corporation (U.S.), ECOVACS Robotics Co. Ltd. (China), Beijing Roborock Technology Co. Ltd. (China), Anker Innovation Technology Co., Ltd. (China), Samsung Electronics Co., Ltd (South Korea), Shenzhen Proscenic Technology Co. Ltd. (China), Neato Robotics, Inc. (U.S.), Cecotec Innovaciones S.L. (Spain), LG Electronics Inc (South Korea), Dyson Limited (U.K.), Panasonic Corporation (Japan), and Sharp Corporation (U.S.).

Quick Buy: https://www.meticulousresearch.com/Checkout/56393135?utm_source=blog&utm_medium=social+&utm_campaign=product&utm_content=12-01-2024

 

Key questions answered in the report-

·  Which are the high growth market segments in terms of type, distribution channel, operation, price range, end user, and region/countries?

·  What was the historical market for robotic vacuum cleaners across the globe?

·  What are the market forecasts and estimates for 2021–2028 in terms of revenue and volume?

·  What are the major drivers, restraints, and opportunities in the global robotic vacuum cleaners market?

·  Who are the major players in the robotic vacuum cleaners market?

·  How is the competitive landscape, and who are the market leaders in the global robotic vacuum cleaners market?

·  What are the recent developments in the global robotic vacuum cleaners market?

·  What are the different strategies adopted by the major players in the global robotic vacuum cleaners market?

·  What are the geographical trends and high growth regions/countries?

Contact Us:

Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

 

Comments

Post a Comment

Popular posts from this blog

Revolutionizing API Testing: The Power of Automation in Software Development

API Testing Automation Solutions are sophisticated tools and frameworks designed to streamline the testing of application programming interfaces (APIs). These solutions ensure APIs function accurately, reliably, and securely by automating repetitive and complex testing processes. By minimizing human error and accelerating development cycles, they help organizations deliver high-quality software efficiently and confidently. Download Sample Report Here : https://qksgroup.com/market-research/market-share-api-testing-automation-solutions-2023-worldwide-4085 Key advantages of these solutions include comprehensive testing capabilities across functional, performance, security, and load testing; seamless integration with CI/CD pipelines and development tools; scalability for extensive testing environments; intuitive user interfaces; advanced reporting and analytics; support for multiple protocols like REST, SOAP, and GraphQL; and strong security testing features to identify vulnerabilitie...
Read more

Cloud Data Warehouses: The Key to Scalable and Agile Data Management

  The growing need for cloud data warehouses stems from the rapid expansion of data generated by modern businesses. Traditional on-premises data warehouses are struggling to keep up with the sheer volume and complexity of this data, creating a demand for more scalable, flexible, and cost-effective solutions. Cloud data warehouses provide an ideal alternative by offering platforms that can efficiently manage structured, semi-structured, and unstructured data while eliminating the limitations of physical infrastructure. These solutions provide virtually limitless storage and processing power, allowing businesses to scale their data operations seamlessly. One of the key advantages of cloud data warehouses is their cost-effectiveness. Unlike traditional data storage systems, which require substantial upfront investments in hardware and ongoing maintenance costs, cloud data warehouses operate on a pay-as-you-go pricing model. This means organizations only pay for the storage and comp...
Read more

Mastering Data: The Evolving Role of Master Data Management

  Master Data Management (MDM) is undergoing a transformative shift, driven by the integration of machine learning (ML) technologies. As organizations seek to manage increasingly complex and voluminous data assets, the incorporation of machine learning into MDM solutions is revolutionizing how data is prepared, cleansed, and transformed. These intelligent systems are capable of learning from user behavior and identifying recurring data patterns, allowing them to recommend or even automate steps in the data preparation process. Machine learning enhances MDM systems by offering intelligent suggestions for data cleaning, normalization, enrichment, and transformation. Over time, as these systems interact more with users and datasets, their ability to anticipate needs and improve data quality grows. This leads to significant reductions in manual data preparation tasks, accelerating the entire data lifecycle and enabling organizations to gain actionable insights faster. With cleaner, ...
Read more