Concept of Home Automation to Drive Demand for Robotic Vacuum Cleaners Worldwide
The global robotic vacuum cleaners market was valued at US$ 4.34 Bn in 2019 and expected to expand at a CAGR of 9.1% during the forecast period from 2020 to 2028. Floor cleaning is one of the major maintenance tasks across verticals, be it residential, commercial, or industrial. Rising demand for automated cleaning equipment can be majorly credited to the growing concept of smart homes and awareness regarding the importance of hygiene and cleanliness at homes and workplaces. Changing socioeconomic factors like increased female employment and their inclination towards technical jobs has led to the scarce availability of workforce for household chores. This, coupled with the busy lifestyle of people in urban areas is driving demand for automated cleaning equipment, especially in the residential segment.
Demand for Robotic Vacuum Cleaners to Swell at Commercial Establishments
In 2019, the residential segment was the largest value contributor to the global robotic vacuum cleaners market. Improving the standard of living coupled with the ever-rising population and consequent increase in the number of residential units, especially in the emerging economies like Asia Pacific, Latin America, and the Middle East is expected to drive demand for robotic vacuum cleaners in the residential segment. In addition, a growing preference for wooden floorings at home is expected to drive the growth of robotic vacuum cleaners that can vacuum and mop together. On the other hand, the industrial segment is expected to witness regulated growth over the forecast period 2020 -2028. The commercial segment covers robotic vacuum cleaners used in restaurants, hotels, commercial complexes, business buildings, and schools among others. The economic development resulting in the growth of commercial real estate is expected to drive demand for new robotic vacuum cleaners in the commercial segment.
Asia Pacific Expected to Witness Strong Growth
In 2019, Europe was the largest robotic vacuum cleaners market in terms of both unit shipments and revenue. Overall, higher acceptance of technological innovations boosts demand for innovative equipment in the region. Other factors assisting market growth in the region include public awareness regarding cleanliness and an increasing number of research activities dedicated to developing novel and advanced automated cleaning systems. On the other hand, emerging economies in the Asia Pacific, especially India and China are expected to exhibit strong growth, especially towards the latter half of the forecast period. The evolving habits of consumers coupled with the proportionate potential for smart appliances are expected to spur market growth in the Asia Pacific. In addition, proliferating Internet retailing and intense competition among manufacturers in the region have lowered the unit prices of robotic vacuum cleaners, thereby improving their adoption among price-sensitive customers in the region.
Robotic Floor Vacuum Cleaners to Continue their Dominance
Based on product type, the research study categorizes the global robotic vacuum cleaners market into two major categories, namely: robotic floor vacuum cleaners and robotic pool vacuum cleaners. In 2019, robotic floor vacuum cleaners were the largest product segment in the global robotic vacuum cleaners market. The segment accounted for over three-fourth of the global market value in the same year. Floor space expansion due to the rising number of residential units and businesses will drive demand for robotic floor vacuum cleaners throughout the forecast period. On the other hand, demand for robotic pool vacuum cleaners is expected to grow on the back of economic development resulting in an increased number of commercial establishments (hotels, sports complex, etc.) with swimming pools.
Some of the leading manufacturers profiled in the study include iRobot Corporation, Dyson Ltd., ILIFE Robotics Technology, Neato Robotics, Samsung Electronics Co. Ltd., Ecovacs Robotics, Yujin Robots Co., Ltd., Maytronics Ltd., LG Electronics Inc., Metapo, Inc, Koninklijke Philips N.V., Panasonic Corporation, Miele & Cie. KG, Hayward Industries Inc., and Sharp Corporation among others.
Historical & Forecast Period
This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2018 to 2028, considering 2019 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2020 to 2028.
Key questions answered in this report
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The global robotic vacuum cleaners market was valued at US$ 4.34 Bn in 2019 and expected to expand at a CAGR of 9.1% during the forecast period from 2020 to 2028. Floor cleaning is one of the major maintenance tasks across verticals, be it residential, commercial, or industrial. Rising demand for automated cleaning equipment can be majorly credited to the growing concept of smart homes and awareness regarding the importance of hygiene and cleanliness at homes and workplaces. Changing socioeconomic factors like increased female employment and their inclination towards technical jobs has led to the scarce availability of workforce for household chores. This, coupled with the busy lifestyle of people in urban areas is driving demand for automated cleaning equipment, especially in the residential segment.
Demand for Robotic Vacuum Cleaners to Swell at Commercial Establishments
In 2019, the residential segment was the largest value contributor to the global robotic vacuum cleaners market. Improving the standard of living coupled with the ever-rising population and consequent increase in the number of residential units, especially in the emerging economies like Asia Pacific, Latin America, and the Middle East is expected to drive demand for robotic vacuum cleaners in the residential segment. In addition, a growing preference for wooden floorings at home is expected to drive the growth of robotic vacuum cleaners that can vacuum and mop together. On the other hand, the industrial segment is expected to witness regulated growth over the forecast period 2020 -2028. The commercial segment covers robotic vacuum cleaners used in restaurants, hotels, commercial complexes, business buildings, and schools among others. The economic development resulting in the growth of commercial real estate is expected to drive demand for new robotic vacuum cleaners in the commercial segment.
Asia Pacific Expected to Witness Strong Growth
In 2019, Europe was the largest robotic vacuum cleaners market in terms of both unit shipments and revenue. Overall, higher acceptance of technological innovations boosts demand for innovative equipment in the region. Other factors assisting market growth in the region include public awareness regarding cleanliness and an increasing number of research activities dedicated to developing novel and advanced automated cleaning systems. On the other hand, emerging economies in the Asia Pacific, especially India and China are expected to exhibit strong growth, especially towards the latter half of the forecast period. The evolving habits of consumers coupled with the proportionate potential for smart appliances are expected to spur market growth in the Asia Pacific. In addition, proliferating Internet retailing and intense competition among manufacturers in the region have lowered the unit prices of robotic vacuum cleaners, thereby improving their adoption among price-sensitive customers in the region.
Robotic Floor Vacuum Cleaners to Continue their Dominance
Based on product type, the research study categorizes the global robotic vacuum cleaners market into two major categories, namely: robotic floor vacuum cleaners and robotic pool vacuum cleaners. In 2019, robotic floor vacuum cleaners were the largest product segment in the global robotic vacuum cleaners market. The segment accounted for over three-fourth of the global market value in the same year. Floor space expansion due to the rising number of residential units and businesses will drive demand for robotic floor vacuum cleaners throughout the forecast period. On the other hand, demand for robotic pool vacuum cleaners is expected to grow on the back of economic development resulting in an increased number of commercial establishments (hotels, sports complex, etc.) with swimming pools.
Some of the leading manufacturers profiled in the study include iRobot Corporation, Dyson Ltd., ILIFE Robotics Technology, Neato Robotics, Samsung Electronics Co. Ltd., Ecovacs Robotics, Yujin Robots Co., Ltd., Maytronics Ltd., LG Electronics Inc., Metapo, Inc, Koninklijke Philips N.V., Panasonic Corporation, Miele & Cie. KG, Hayward Industries Inc., and Sharp Corporation among others.
Historical & Forecast Period
This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2018 to 2028, considering 2019 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2020 to 2028.
Key questions answered in this report
- What was the global market size for robotic vacuum cleaners in 2018 and 2019?
- What are the estimated forecast and market projections up to 2028?
- The largest regional market for robotic vacuum cleaners?
- Which end-use vertical enjoys the largest adoption rate of robotic vacuum cleaners?
- Trends influencing the global robotic vacuum cleaners market
- Which end-use segment is the most attractive, less explored, and with latent potential in the global robotic vacuum cleaners market?
- Who are the leading robotic vacuum cleaners manufacturers? What are their market positioning and key strategies adopted by them in the robotic vacuum cleaners business?
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Table of Contents
1. Preface
2. Executive Summary
3. Global Robotic Vacuum Cleaners (RVC) Market Analysis
4. Global Robotic Vacuum Cleaners (Robotic Vacuum Cleaners Market Value, By Product Type , 2018 - 2028 (US$ Mn)
5. Global Robotic Vacuum Cleaners (RVC) Market Value, By End-use Application , 2018 - 2028 (US$ Mn)
6. Global Robotic Vacuum Cleaners (RVC) Market Value, By Sales Channel, 2018 - 2028 (US$ Mn)
7. North America Robotic Vacuum Cleaners (RVC) Market Analysis, 2018 - 2028 (US$ Mn)
8. Europe Robotic Vacuum Cleaners (RVC) Market Analysis, 2018 - 2028 (US$ Mn)
9. Asia Pacific Robotic Vacuum Cleaners (RVC) Market Analysis, 2018 - 2028 (US$ Mn)
10. Rest of World Robotic Vacuum Cleaners (RVC) Market Analysis, 2018 - 2028 (US$ Mn)
11. Company Profiles
List of Figures
List of Tables
Companies Mentioned
- iRobot Corporation
- Dyson Ltd.
- ILIFE Robotics Technology
- Neato Robotics
- Samsung Electronics Co. Ltd.
- Ecovacs Robotics
- Yujin Robots Co. Ltd.
- Maytronics Ltd.
- LG Electronics Inc.
- Metapo Inc
- Koninklijke Philips N.V.
- Panasonic Corporation
- Miele & Cie. KG
- Hayward Industries Inc.
- Sharp Corporation
