US Household Robots Market is estimated to be USD 2.51 Bn in 2023 and is expected to reach USD 4.86 Bn by 2028, growing at a CAGR of 14.03%.Gaining traction due to COVID-19, the demand for household robotics has accelerated
Market Dynamics
Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Market Segmentations
The US Household Robot Market is segmented based on Type, Component, and Applications.- By Type, the market is classified into Domestic and Entertainment.
- By Component, the market is classified into Products and Services.
- By Applications, the market is classified into Vacuuming, Lawn Mowing, Pool Cleaning, Companionship, Elderly Assistance and Handicap Systems, Robot Toys and Hobby Systems.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are General Electric Co., Glamox Group, Herbert Waldmann GmbH & Co., Hill-Rom Co. Inc., Hubbell Inc., Kenall Manufacturing Co., KLS Martin Group, Koninklijke Philips N.V., LEDVANCE GmbH, etc.Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the US Household Robot Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.This Research analyses the US Household Robot Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the US Research has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the US Household Robot Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Table of Contents
1 Report Description1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Demand for Robots in Domestic Sector
4.1.2 Growing Demand for Autonomous Robots
4.2 Restraints
4.2.1 Legal Safety and Data Protection Regulations
4.3 Opportunities
4.3.1 Focus on Improving Endurance Capability of Robots
4.3.2 Application of Service Robots for Elderly Assistance
4.4 Challenges
4.4.1 Technical Issues
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 Impact of COVID-19
5.5 Impact of Economic Slowdown & Impending Recession
5.6 Ansoff Matrix Analysis
6 US’ Household Robot Market, By Type
6.1 Introduction
6.2 Domestic
6.3 Entertainment
7 US’ Household Robot Market, By Component
7.1 Introduction
7.2 Products
7.3 Services
8 US’ Household Robot Market, By Applications
8.1 Introduction
8.2 Companionship
8.3 Elderly Assistance and Handicap Systems
8.4 Lawn Mowing
8.5 Pool Cleaning
8.6 Robot Toys and Hobby Systems
8.7 Vacuuming
9 Competitive Landscape
9.1 Competitive Quadrant
9.2 Market Share Analysis
9.3 Strategic Initiatives
9.3.1 M&A and Investments
9.3.2 Partnerships and Collaborations
9.3.3 Product Developments and Improvements
10 Company Profiles
10.1 Acuity Brands Lighting, Inc.
10.2 Cree, Inc.
10.3 Daray Ltd.
10.4 Dragеrwеrk Аg & Со.
10.5 Eaton Corp. PLC
10.6 Ellumi Lighting
10.7 General Electric Co.
10.8 Glamox Group
10.9 Herbert Waldmann GmbH & Co.
10.10 Hill-Rom Co., Inc.
10.11 Hubbell Inc.
10.12 Kenall Manufacturing Co.
10.13 KLS Martin Group
10.14 Koninklijke Philips N.V.
10.15 LEDVANCE GmbH
10.16 OMS AS
10.17 Orion Energy Systems, Inc.
10.18 OSRAM GmbH
10.19 Signify Netherlands B.V. (Koninklijke Philips N.V.)
10.20 Stouch Lighting, Inc.
10.21 Trilux Lighting Ltd.
10.22 Visa Lighting
10.23 Waldmann Lighting
10.24 Wipro Ltd.
10.25 Zumtobel Group Ag
11 Appendix
11.1 Questionnaire
Companies Mentioned
- Acuity Brands Lighting, Inc.
- Cree, Inc.
- Daray Ltd.
- Dragеrwеrk Аg & Со.
- Eaton Corp. PLC
- Ellumi Lighting
- General Electric Co.
- Glamox Group
- Herbert Waldmann GmbH & Co.
- Hill-Rom Co., Inc.
- Hubbell Inc.
- Kenall Manufacturing Co.
- KLS Martin Group
- Koninklijke Philips N.V.
- LEDVANCE GmbH
- OMS AS
- Orion Energy Systems, Inc.
- OSRAM GmbH
- Signify Netherlands B.V. (Koninklijke Philips N.V.)
- Stouch Lighting, Inc.
- Trilux Lighting Ltd.
- Visa Lighting
- Waldmann Lighting
- Wipro Ltd.
- Zumtobel Group Ag
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | January 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 2.51 Billion |
| Forecasted Market Value ( USD | $ 4.86 Billion |
| Compound Annual Growth Rate | 14.0% |
| Regions Covered | United States |
| No. of Companies Mentioned | 25 |
