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Robotic Vacuum Cleaner Market 2021 SWOT Analysis and Key Business Strategies by Leading Players - iRobot, Ecovacs, Proscenic, Matsutek, Neato Robotics, LG, Samsung, Sharp, Philips, Mamibot

01-04-2022 08:28 AM CET | Associations & Organizations

Press release from: Market Insights Reports

Robotic Vacuum Cleaner Market 2021 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

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Robotic Vacuum Cleaner Market is expected to grow at a CAGR of 23.2% from 2021 to 2028 to reach $15.4 billion by 2028 from $3.58 billion in 2021.

Markets Segmentation:

Top leading Companies Profiled in Robotic Vacuum Cleaner Market Report are iRobot, Ecovacs, Proscenic, Matsutek, Neato Robotics, LG, Samsung, Sharp, Philips, Mamibot, Funrobot_MSI), Yujin Robot, Vorwerk, Infinuvo_Metapo_, Fmart, Xiaomi, Miele

News and Updates

INALSA Robot Vacuum Cleaner launched in India through Flipkart- INALSA is launching its Robot Vacuum Cleaner in India on 10th April 2021 and it will be available through Flipkart. The brand has also bundled a number of offers and deals for customers who purchase the Robot Vacuum Cleaner. If consumers/buyers are planning to purchase an automatic smart vacuum cleaner to get their home spick and span, now seems like a great time to get one. Here is all one needs to know about the INALSA Robot Vacuum Cleaner.

Chinese startup launches robotic vacuum cleaner that also mops- Uoni, a Chinese startup developer and manufacturer of robotic vacuum cleaners for households, has released its latest version which can be set to sweep and mop over a long period without human intervention.

Anker launches Eufy Robovac X8 Hybrid 2-in-1 robotic vacuum cleaner in India- Anker has just launched the new Eufy Robovac X8 Hybrid robotic vacuum cleaner in India. The new product is a 2 in 1 robot vacuum cleaner that features both cleaning and mopping capabilities.

Market Overview

The global robotic vacuum cleaner market size was valued at USD 2.56 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 17.7% from 2020 to 2027. Decreased time for household activities is one of the key factors driving demand for robotic vacuum cleaner. Changing lifestyle, high disposable income, growing working population, rising purchasing power, and ease of usage are the major factors acting as a catalyst for the growth of the market worldwide. Consumers in the market are more inclined towards the purchase of robotic vacuum cleaners owing to their ability to clean the area without human intervention. Consumers don’t need to worry about battery recharging as these robots are capable of automatically maneuvering themselves towards the charging point and restarting from the same point at which it got discharged. Consumers can set virtual boundaries for the robot and can restrict entry in areas, such as children's playroom.

The emergence of industrial robots has popularized the Robotic Vacuuming Cleaning trends, thereby augmenting growth over the forecast period. The advancements in the robotics industry has resulted in high demand from applications across various industries such as manufacturing, automotive, healthcare, and others., aiding the expansion of this market size. This vacuum cleaner is an automated cleaning machine with intelligent software programming, a smart navigation system, adjustable suction power, and a scheduling mechanism. Adoption of these vacuum cleaners over the traditional cleaners is expected to increase as a result of various benefits such as cost-effectiveness in terms of human resources.

Transformation in robotic vacuum cleaners and the addition of advanced technologies, including Wi-Fi connectivity, AI features, and voice assistance, will promote their demand over the forecast period. Various companies are focusing on offering new products with new features to meet the changing consumer demand. Newly developed robotic vacuums are compatible with Google voice assistant and Alexa to accept voice commands and follow them. Connectivity with other devices via smart home technology or IoT devices will create new opportunities for robot manufacturers. This allows the users to control and customize the product operations enabling a better cleaning process. For instance, in September 2020, Neato Robotics launched its new line of robotic vacuums, including Neato D10, D9, and D8.

Market Segmented By Types

Household

Commercial

Others

Market Segmented By Applications

Below 150 USD

150 USD to 300 USD

300 USD to 500 USD

Above 500 USD

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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Key Takeaways from Robotic Vacuum Cleaner Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Robotic Vacuum Cleaner market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Robotic Vacuum Cleaner market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Robotic Vacuum Cleaner

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In conclusion, the Robotic Vacuum Cleaner market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Robotic Vacuum Cleaner Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

Available Customization– The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.

Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234
Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

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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