Robotic Vacuum Cleaner Market Size, Share, and Growth Outlook by 2024

The global robotic vacuum cleaner market size was valued at USD 9.77 billion in 2020 and is projected to grow from USD 11.97 billion in 2021 to USD 50.65 billion in 2028, exhibiting a CAGR of 27.2% during the forecast period. Asia Pacific dominated the logistics robots market with a market share of 31.62% in 2020.

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Recent Industry developments of robotic vacuum cleaner market:

• Neato Robotics announced the launch of new intelligent robot vacuum cleaner models under its premium product line, namely Neato D10, D9, and D8 at IFA, Berlin 2020
• ECOVACS introduced a new product in their T8 series of robotic vacuum cleaners, the DEEBOT OZMO T8, with advanced object detection technology, innovative accessories such as OZMO Pro Mopping System and Auto-Empty Station for hassle-free cleaning.
• ECOVACS officially launched its new AI (Artificial Intelligence) powered floor cleaning residential robot, the DEEBOT OZMO 960 and the award-winning window cleaning robot, the WINBOT X, in CES (Consumer Electronics Show) 2019 held in Las Vegas.
• Samsung Electronics announced the latest innovative and popular line of POWERbot vacuum cleaners, VR7000, in CES (Consumer Electronics Show) 2017 held in Las Vegas, that is made for hard-to-reach places and has enough suction capacity.

Top Keyplayers of robotic vacuum cleaner market:

• Dyson Ltd. (Malmesbury, U.K.)
• ECOVACS (Suzhou, China)
• iRobot Corporation (Massachusetts‎, U.S)
• LG Electronics (Seoul, South Korea)
• Samsung Corporation (Seoul, South Korea)
• Proscenic (Zhengzhou, China)
• Matsutek Enterprises Co. Ltd. (Taipei, Taiwan)
• Neato Robotics (Newark, California)
• Koninklijke Philips N.V. (Amsterdam, Netherlands)
• Robert Bosch GmbH (Gerlingen, Germany)
• Panasonic Corporation (Osaka‎, Japan)
• Bissell Inc. (Grand Rapids, Michigan)
• Miele & Cie. KG (Gütersloh, Germany)
• Sharp Corporation (Osaka‎, Japan)

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Robotic Vacuum Cleaner Market Segmentation

Robotic Vacuum Cleaner Market Share, Size & Industry Analysis, By Type (Floor Vacuum Cleaner, Window Vacuum Cleaner, Pool Vacuum Cleaner), By Application (Household and Commercial), By Operation Mode (Self-Drive & Remote Control), By Distribution Channel (Online & Offline), By Price (Below USD 150, USD 150 – 300, USD 300 – 500, Above USD 500) and Regional Forecast Between, 2021-2028

Reasons to buy this report:

This report thoroughly examines the competitive dynamics, growth areas, market conditions, and trends in the robotic vacuum cleaner market. It assists businesses in identifying opportunities for growth and development while highlighting potential challenges and risks. Stakeholders are assisted in developing more informed investment and market strategies by the report’s assessment of product portfolios and business segments.

A thorough grasp of the industry dynamics outlined in the report can help develop successful success strategies in the robotic vacuum cleaner market and greatly improve decision-making. All things considered, this report is an excellent source of information for anyone wishing to learn more about this rapidly changing sector.

Key Report Highlights on the Robotic Vacuum Cleaner Market:

• Market CAGR for the Forecast Period: Provides insights into the Compound Annual Growth Rate (CAGR) of the Robotic Vacuum Cleaner Market from 2024 to 2032.
• Comprehensive Analysis of Growth Drivers: Offers a detailed evaluation of the key factors driving the growth of the Robotic Vacuum Cleaner Market during the forecast period.
• Accurate Market Size and Share Estimates: Precise projections on the size and share of the Robotic Vacuum Cleaner Market, underscoring its position within the larger market landscape.
• Forecasts on Emerging Trends and Consumer Behavior: Predicts future trends and shifts in consumer behavior relevant to the Robotic Vacuum Cleaner Market.
• Regional Growth Analysis: Examines the growth of the Robotic Vacuum Cleaner Market across key regions, including North America, Asia-Pacific (APAC), Europe, South America, the Middle East, and Africa.
• Competitive Landscape Overview: Detailed assessment of the competitive environment, offering insights into the key players within the Robotic Vacuum Cleaner Market.
• Evaluation of Growth Barriers: Analyzes the challenges that may hinder the expansion of suppliers in the Robotic Vacuum Cleaner Market.

Regional Atributes:

• North America (By Type, Application, Operation Mode, Distribution Channel, Price and Country)
  • U.S. (By Type)
  • Canada (By Type)
• Europe (By Type, Application, Operation Mode, Distribution Channel, Price and Country)
  • U.K. (By Type)
  • Germany (By Type)
  • France (By Type)
  • Rest of Europe
• Asia Pacific (By Type, Application, Operation Mode, Distribution Channel, Price and Country)
  • China (By Type)
  • India (By Type)
  • Japan (By Type)
  • Southeast Asia (By Type)
  • Rest of Asia Pacific
• Middle East & Africa (By Type, Application, Operation Mode, Distribution Channel, Price and Country)
  • GCC (By Type)
  • South Africa (By Type)
  • Rest of the Middle East & Africa
• Latin America (By Type, Application, Operation Mode, Distribution Channel, Price and Country)
  • Brazil (By Type)
  • Mexico (By Type)
  • Rest of Latin America

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Robotic Vacuum Cleaner Market Drivers and restrains:

• Drivers:
  • Growing Smart Home Integration: The rise in smart home technology and IoT devices increases the demand for robotic vacuum cleaners that integrate seamlessly with other smart home systems.
  • Convenience and Time Savings: Robotic vacuum cleaners automate the cleaning process, saving time and effort, which appeals to busy consumers looking for convenience.
  • Technological Advancements: Innovations such as advanced navigation systems, better sensors, and AI-enhanced features improve the efficiency and functionality of robotic vacuum cleaners.
  • Urbanization and Compact Living Spaces: Increasing urbanization and smaller living spaces drive demand for compact, efficient cleaning solutions like robotic vacuum cleaners suitable for apartments and smaller homes.
  • Increased Health Awareness: Rising awareness of cleanliness and allergens promotes the use of robotic vacuum cleaners that offer consistent and thorough cleaning, contributing to a healthier living environment.
• Restraints:
  • High Initial Cost: The higher upfront cost of robotic vacuum cleaners compared to traditional models can be a barrier for some consumers, particularly in price-sensitive markets.
  • Limited Battery Life and Capacity: Shorter battery life and limited dustbin capacity can restrict the cleaning duration and effectiveness of robotic vacuum cleaners, especially in larger spaces.
  • Maintenance and Repair Needs: Regular maintenance and potential repair issues, such as problems with sensors or navigation, can affect the reliability and user satisfaction of robotic vacuum cleaners.
  • Effectiveness Concerns: Some consumers may question the cleaning effectiveness of robotic vacuum cleaners compared to traditional vacuums, particularly for deep-cleaning tasks.
  • Technological Obsolescence: Rapid advancements in technology can lead to the obsolescence of existing models, requiring frequent upgrades or replacements to stay current with the latest features.

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