Global Robotic Vacuum Cleaners Market By Product Type (Floor Vacuum Cleaner, Window Vacuum Cleaner And Pool Vacuum Cleaner), By End-User (Household And Commercial), By Distribution (Offline Channel And Online Channel), And Region - Global Forecast To 2029
18th September 2019
“Global Robotic Vacuum Cleaners Market’ is a published report available at Marketresearch.biz. The global robotic vacuum cleaners market is expected to expand at a CAGR of 11.6% and is projected to reach nearly US$ 13 Bn in 2029.
Robovac, aka robotic vacuum cleaner, is an advanced vacuum cleaning device. A robotic vacuum cleaner is equipped with intelligent software that makes it easy to clean carpets, tiles, and even hardwood flooring, with minimal supervision and human intervention. Equipped with sensors and cameras that assist the vacuum cleaner while cleaning the corners. Sensors enabled in the cleaner prevent it from falling from the stairs and bumping into other objects. In comparison to their non-robotic counterparts, robotic vacuum cleaner produces lesser noise and complete chores in relatively lesser time, and at a significantly lower cost without any manual labor. Robotic vacuum cleaners are compact, and they can easily reach out to difficult spaces such as, under cabinets, tables, and beds. Owing to these properties, demand for Robovac is increasing globally, in both the commercial and the residential sectors.
The Global Robotic Vacuum Cleaners Market is anticipated to register robust growth over the forecasted period, specifically in developed economies, owing to favorable market conditions in these nations. Robotic vacuum cleaners are automated cleaning machines, installed with smart navigation systems, software programming, scheduling mechanism, and adjustable suction power. Advanced robotic vacuum cleaners are highly adopted over traditional vacuum cleaners since it requires minimal to no human interference and reduces manual labor. Hence, it is significantly proven very cost-effective in terms of human resource which is driving the market of robotic vacuum cleaner across the globe. Further, the robotic vacuum cleaner is time efficient and efficiently cleans up bigger spaces without human intervention which is further anticipated to aid the growth of the target market. The robotic vacuum cleaners are highly used not just for domestic but also for industrial purposes. Industrial robotic vacuum cleaners are beneficial for cleaning accessories and equipment in printing, metalwork, pharmaceuticals, and food & beverage industries. Residential robotic vacuum cleaners are majorly used for UV sterilization of household atmosphere, mopping, and even the security cameras installed in these cleaners are for security from intruders. Wide usage of robotic vacuum cleaners in both household and industrial purposes expanded the growth of the target market.
In addition to this, another factor responsible for the growth of the market is rising consumers' preference for innovative and smart electrical appliances. Some models are exceptionally advanced in terms of technology. Few of these cleaners are even equipped with 360 cameras and additional sensors to aid in navigation. Hence, the growing adoption of innovative and automated products across the globe is further driving the growth of the global robotic vacuum Cleaners Market.
Report Coverage and Deliverables
One of the major socioeconomic factors that are anticipated to drive the market is the increasing women workforce. The increasing number of working women resulted in reduced time for household chores. This has augmented the demand for robotic vacuum cleaners, smart and compact devices that are efficient in completing household chores. The rise in disposable income with escalating household income levels along with significant upsurge in purchasing power has positively impacted the sales of robotic vacuum cleaner which is expected to boost the growth of the target market. Growing inclination towards hygiene and cleanliness coupled with busy schedules has undoubtedly increased the demand for robotic vacuum cleaners. Robotic vacuum cleaners are embedded with air filters. To avoid exposures to dust and allergens, consumers specifically with allergies problems are shifting their focus towards these smart vacuum cleaner which is enhancing the growth of the market. Robotic vacuum cleaners are automated cleaning machines, installed with smart navigation systems, software programming, and scheduling mechanism. These advanced robotic vacuum cleaners are highly adopted over traditional vacuum cleaners since it requires minimal to no human interference and reduces manual labor. Hence it is significantly proven very cost-effective in terms of human resource which is driving the market of robotic vacuum cleaner across the globe.
Robotic vacuum cleaners are very costly when compared to their non-robotic counterparts. These cleaners are expensive compared to other models like canisters, upright, handheld. Robotic vacuum cleaners are yet to attain wide acceptance owing to their high prices particularly in emerging economies, this might dampen the market growth. Larger household spaces and high carpet usage in developed economies such as Europe is augmenting the demand for robotic vacuum cleaners in these regions. Light-weighted and cordless vacuum cleaners are gaining popularity in Western Europe countries. Further, a significant number of robot manufacturers in the US and Europe are serving lucrative growth opportunities for the market in these regions. Technologies advancement and development of innovative products is the recent trend of the global robotic vacuum cleaners market which is expected to drive the market. For instance, implementing voice recognition in Wi-Fi-enabled smart vacuum cleaner is a recent trend in the market. Continuous development in the field of robotics is anticipated to drive the market over the 10-year forecast period.
Global Robotic Vacuum Cleaners Market Segment Analysis:
Based on Product Type: The window vacuum cleaner segment is estimated to be the lucrative segment and register a CAGR of over 12.2%, followed by the pool vacuum cleaner segment in terms of revenue growth rate.
Based on End-Use: The household segment is estimated to register comparatively higher CAGR of over 12%.
By Distribution Channel: The online distribution channel segment in the global robotic vacuum Cleaners Market is projected to register a CAGR of over 14%, which is comparatively higher than that of growth of the offline segment.
Global Robotic Vacuum Cleaner Revenue Market Region Analysis:
Europe market is expected to dominate in the global robotic vacuum cleaners market, and is expected to be followed by the North America, and Asia Pacific markets in terms of revenue contribution, respectively.
Global Robotic Vacuum Cleaners Market Segmentation:
Based on Product Type:
- Floor Vacuum Cleaner
- Window Vacuum Cleaner
- Pool Vacuum Cleaner
Based on End-Use:
Based on Distribution Channel
- Offline Channel
- Online Channel
Based on Region:
- North America
- Asia Pacific
- South America
- Middle East & Africa
- Samsung Electronics Co., Ltd.
- LG Electronics, Inc.
- Vorwerk & Co. KG (Neato Robotics)
- Sharp Corporation
- Koninklijke Philips N.V.
- Mamibot Corporation
- iRobot Corporation
- Matsutek Enterprises Co., Ltd.
- Chapter 1 Global Robotic Vacuum Cleaners Market Overview
- 1.1 Introduction
- 1.2 Global Robotic Vacuum Cleaner Market is segmented based on Product Type, End-Use, Distribution Channel, and Region.
- 1.3 Drivers of Global Robotic Vacuum Cleaners Market
- 1.4 Restraints of Global Robotic Vacuum Cleaner Market
- 1.5 Opportunities of Global Robotic Vacuum Cleaner Market
- 1.6 Trends of Global Robotic Vacuum Cleaner Market
- 1.7 Macro-economic Factors
- 1.8 Opportunity Map Analysis
- 1.8.1 Optimistic Scenario:
- 1.8.2 Likely Scenario:
- 1.8.3 Conservative Scenario:
- 1.9 Opportunity Orbits
- 1.10 Market Investment Feasibility Index
- 1.11 Pest Analysis
- 1.12 PORTER’s Five Forces Analysis
- 1.13 Cost Structure Analysis
- 1.14 Regional Market Share and BPS Analysis
- Chapter 1 Global Robotic Vacuum Cleaners Market Overview
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