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Robotic Vacuum Cleaner Market Industry Analysis, Size, Share, Trends, Demand, Growth, Opportunities and Forecast 2028
New Research Study ""Robotic Vacuum Cleaner Market Statistics 2022 analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges and Investment Opportunities), Size, Share and Outlook"" has been added to Fortune Business Insights. The global Robotic Vacuum Cleaner market size was valued at USD 9.77 billion in 2020 and is projected to reach USD 50.65 billion by 2028, exhibiting a CAGR of 27.2% during the forecast period.The global Robotic Vacuum Cleaner Market size is anticipated to hit USD 50.65 billion by 2028 and exhibit a CAGR of 27.2% during the forecast period. The growing demand for automated products in residential sectors due to the rising inclination towards smart home technologies is likely to fuel the market growth. Fortune Business InsightsTM has presented this information in its report titled "Robotic Vacuum Cleaner Market, 2021-2028". The market size stood at USD 9.77 billion in 2020 and is estimated to reach USD 11.97 billion in 2021.
The rising adoption of smart and innovative automated systems is also projected to foster market growth. Manufacturers are incorporating voice recognition abilities to interpret voice commands, which is likely to stimulate the market growth further.
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Companies Profiled in the Global 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)
Drivers & Restraints-
Rising Adoption of Smart and Innovative Systems to Boost Market Growth
Residential robotic vacuum cleaners are generally used for UV sterilization, mopping, and security cameras for safety from fire or intruders. Major manufacturers are launching products incorporated with voice recognition abilities to interpret voice commands. The rising adoption of smart and innovative automated systems is projected to prevail as a key trend fostering the global market growth.
Additionally, the growing adoption of automated products is anticipated to bolster market growth in the coming years. The rising inclination towards smart home technologies is likely to fuel market growth.
However, high costs of maintenance may hinder the market growth of these high-tech automated products and systems.
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Key Benefits to Purchase Robotic Vacuum Cleaner Market Report:
Major countries in each region are mapped according to individual Robotic Vacuum Cleaner Market revenue.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
The report includes an in-depth analysis of current research and clinical developments within the market.
Key players and their key developments in the recent years are listed.
Global Robotic Vacuum Cleaner Market, by Regions:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Major Points Covered in TOC:
Overview: Along with an expansive outline of the worldwide Robotic Vacuum Cleaner Market, this segment gives an outline of the report to give a thought regarding the nature and substance of the examination study.
Analysis of Strategies of Leading Players: Market players can use this analysis to gain a competitive advantage over their competitors in the Robotic Vacuum Cleaner Market.
Study on Key Market Trends: This piece of the report offers a more significant assessment of the latest and future examples of the market.
Market Forecasts: Buyers of this report will approach precise and approved evaluations of the all market size as far as worth and volume. The report additionally gives utilization, creation, deals, and different conjectures for the Robotic Vacuum Cleaner Market.
Local Growth Analysis: All critical regions and countries have been covered in the report. The neighbourhood examination will help with elevating players to exploit dismissed common business areas, prepare express philosophies for target regions, and contemplate the improvement of each and every regional market.
Segmental Analysis: The report gives precise and solid conjectures of the piece of the pie of significant portions of the Robotic Vacuum Cleaner Market. Market members can utilize this examination to make key interests in key development pockets of the market.
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