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Robotic Vacuum Cleaners Market 2021 Analysis by Global Manufacturers - Dyson Ltd.; ECOVACS Robotics Co. Ltd.; Koninklijke Philips NV; LG Electronics Inc.; Panasonic Cor
Global Robotic Vacuum Cleaners Market Size and Forecast to 2021 – 2030 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Robotic Vacuum Cleaners data that enhances the understanding, scope, and application of this report.The study includes market share analysis and profiles of players such as Dyson Ltd.; ECOVACS Robotics Co. Ltd.; Koninklijke Philips NV; LG Electronics Inc.; Panasonic Corp.; Samsung Electronics Co. Ltd.; Sharp Corp.; Neato Robotics; Miele & Cie. KG; iRobot Corporation; Proscenic; Matsutek Enterprises Co. Ltd; Maytronics Ltd.
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The global robotic vacuum cleaners market is expected grow from $4.25 billion in 2020 to $4.84 billion in 2021 at a compound annual growth rate (CAGR) of 13.9%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $7.39 billion in 2025 at a CAGR of 11%.
Market Overview:
The robotic vacuum cleaners market consists of sales of robotic vacuum cleaners and related services. It can clean floors, windows, pools and gardens efficiently without any human effort. Robotic vacuum cleaners or Robovac are home appliances, designed to clean our homes autonomously without human intervention. They are fully automated and artificial intelligence powered with various sensors and scheduling programs.
Rising investments for developing new technologies in robotic vacuum cleaners is contributing to the growth of the robotic vacuum cleaners market. The rising investments for innovations in hardware and software technologies, such as sensors and decision-making capabilities helps robotic vacuum cleaners in doing household tasks and also helps consumers to save time thereby attracting the customers to purchase robotic vacuum cleaners for household chores. For instance, in 2019, in the UK, the government invested 12 million ($16 million) for developing new technologies in robots that performs household tasks. It lead to partnership between Imperial College and Dyson, a robotic vacuum cleaner manufacturer for creating nextgen household products to complete household chores. Also, for instance, in 2020, in the USA, private companies such as Yidu Cloud, Tsinghua AI Fund and Matrix Partners invested $15 million in Trifo, into its AI-home robots vacuum in the hardware and software development for expanding in the U.S. and European markets. Rising investments and support from government thereby contributes to the growth of the market.
The high cost of robotic vacuum cleaners is expected to limit the growth of the robotic vacuum cleaners market. Robotic vacuum cleaners are costly and causes potential consumers to think twice before they invest in them. For instance, in 2019, in the USA, iRobot's newly launched robotic vacuum cleaner Roombas are extremely expensive such as Roomba i7 priced at $1,099 and Roomba S9+ priced at $1,299. These factors are expected to have a negative impact on the robotic vacuum cleaners market as high cost causes consumers to think twice, affecting the market’s growth.
Browse the report description and TOC:
https://www.marketinsightsreports.com/reports/05182898533/robotic-vacuum-cleaners-global-market-report-2021-covid-19-growth-and-change-to-2030-including-1-by-type-robotic-floor-vacuum-cleaner-robotic-pool-vacuum-cleaner-2-by-end-users-residential-commercial-3-by-type-of-charging-automatic-charging-manual-charging-covering-dyson-ltd-ecovacs-robotics-co-ltd-koninklijke-philips-nv-lg-electronics-inc-panasonic-corp?Mode=A28
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Organic Soft Drinks market.
Region Coverage: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Countries Coverage: USA, France, Germany, UK, China, Australia, India, Indonesia, Japan, South Korea, Russia, Brazil
The study objectives of this report are:
To study and analyze the global Robotic Vacuum Cleaners size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2025, and forecast to 2030.
To understand the structure of Robotic Vacuum Cleaners by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Robotic Vacuum Cleaners manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Robotic Vacuum Cleaners with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Robotic Vacuum Cleaners submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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