Press release
Cleaning Robot Market Report 2024: Strategies And Recent Developments | Ecovacs Robotics Co. Ltd., Samsung Electronics Co. Ltd., iRobot Corporation, Maytronics Ltd., SoftBank Robotics Corp
Cleaning Robot Market Size
The Business Research Company offers in-depth market insights through Cleaning Robot Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The cleaning robot market size has grown exponentially in recent years. It will grow from $11.44 billion in 2023 to $14.2 billion in 2024 at a compound annual growth rate (CAGR) of 24.2%. The growth in the historic period can be attributed to increased in labor costs and demand for automation, growth in awareness of hygiene and cleanliness, expanded commercial and industrial cleaning needs, adoption of cleaning robots in healthcare facilities, rise in demand for smart home and iot-enabled devices.
The cleaning robot market size is expected to see exponential growth in the next few years. It will grow to $34.86 billion in 2028 at a compound annual growth rate (CAGR) of 25.2%. The growth in the forecast period can be attributed to market penetration in emerging economies and urbanization, expansion of e-commerce and warehouse automation, adoption of cleaning robots in hospitality and retail sectors, demand for disinfection and sterilization robots in healthcare, government initiatives for automation and technological innovation. Major trends in the forecast period include uv-c and disinfection technologies, ai-powered navigation and mapping, integration with smart home ecosystems, edge cleaning and corner navigation, adoption of swappable cleaning attachments .
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Market Segmentation:
The main types of cleaning robots are floor-cleaning robots, pool-cleaning robots, window-cleaning robots, and other products. The floor-cleaning robots are robotic cleaners recognized for their cleaning expertise, floor mopping and dry vacuum cleaning. Floor cleaning is highly vital for our health and minimizes the amount of labor required. Floor cleaners are extremely beneficial for cleaning floors in hospitals, homes, auditoriums, stores, and computer centers, among other places. It's straightforward to put together and operate. These are of various types, such as personal cleaning robots and professional cleaning robots, which are used in numerous applications, including residential, commercial, industrial, healthcare, and others.
Major Driver - Rising Concerns For Home Hygiene Propel Growth Of Cleaning Robot Market
An increase in concern for safety in homes is expected to drive the growth of the cleaning robot market going forward. Smart cleaning robots are used to maintain a clean environment inside homes in order to avoid any spread of germs or infections. The robot vacuum cleaner can keep any hidden spot clean in the house and can also sense obstacles. For instance, according to the International Federation of Robotics, a Germany-based non-profit organization, in November 2021, the demand for professional cleaning robots grew by 92% to 34,400 units sold due to the COVID-19 pandemic. Also, in terms of value, the sales of medical robotics account for 55% of the total professional service robot turnover in 2020. Therefore, the increase in concern for safety in homes is driving the growth of the cleaning robot market.
Competitive Landscape:
Major companies operating in the cleaning robot market include Ecovacs Robotics Co. Ltd., Samsung Electronics Co. Ltd., iRobot Corporation, Maytronics Ltd., SoftBank Robotics Corp., Diversey Inc., Beijing Roborock Technology Co.Ltd., ABB Ltd., Denso Corporation, Fanuc Corporation, Kawasaki Robotics GmbH, Kuka AG, Mitsubishi Electric Corporation, Nachi Fujikoshi Corporation, Omron Corporation, Neato Robotics, LG Electronics Inc., Roborock Technology Co. Ltd, SharkNinja Operating LLC, Cecotec Innovaciones SL, Milagrow Business and Knowledge Solutions Pvt. Ltd., Nilfisk Group, Pentair plc, AzioBot BV, Kaercher International, Avidbots Corp., Minuteman International Inc., Tennant Company, ICE Co., Brain Corp., Xenex Disinfection Services, ViaBot Inc., Aerones Inc., Skyline Robotics Ltd., Robodeck Ltd., Autonomous Solutions Inc., BladeRanger Ltd.
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Top Trend - Innovative Cleaning Robots Transform The Industry Landscape
New product innovation is a key trend and popularity in the cleaning robot market. Major companies operating in the cleaning market are focused on developing advanced cleaning robots to strengthen their position in the market. For instance, in February 2021, Midea Group, a China-based high-technology company, launched the next-gen robot vacuum cleaner, Midea's S8+ auto-dust-collection robot. The S8+ is part of Midea's intelligent cleaning product series, which offers top-notch performance across the board. The S8+ represents a fundamental shift in modern home living where consumers demand intelligent cleaning companions to match the needs of today's fast-paced life.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cleaning Robot Market Characteristics
3. Cleaning Robot Market Trends And Strategies
4. Cleaning Robot Market - Macro Economic Scenario
5. Cleaning Robot Market Size And Growth
…..
27. Cleaning Robot Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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