Press release
Sales of Residential Robotic Vacuum Cleaner are Anticipated to grow at a 12.0% CAGR by 2032
Residential Robotic Vacuum Cleaner sales Market
The market for residential robotic vacuum cleaners is anticipated to grow at a CAGR of 12.0%, according to Persistence Industry Research's most recent industry report, "Global Market Study on Residential Robotic Vacuum Cleaner: Europe to Be the Most Lucrative Region throughout the Forecast Period."
Robotic vacuum cleaners, often known as robovacs, are frequently used in private homes to clean the floors, swimming pools, and gutters. A mobile base, a cleaning system, a programming programme, batteries, and other components make up the device. Robovacs can clean surfaces with difficult access points and rounded edges using cutting-edge sensors. For the convenience of the users, it has several cutting-edge functions, such as laser vision, room mapping, self-charging, and others.
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The global residential robotic vacuum cleaner market is expected to witness significant growth during the forecast (2015-2021). Various factors such as growing demand for automated cleaning, increasing consumer inclination towards various types of cleaning products and rising disposable income. Trends that follow with the growth of residential robotic vacuum cleaner market include growing product innovation, increasing R&D expenditure by key market players and growing number of market players.
In terms of value, the global residential robotic vacuum cleaner market is expected to expand at a CAGR of 12.0% from 2015 to 2021, to be valued at US$ 2,475.0 Mn by 2021. In terms of volume, production of residential robotic vacuum cleaner is expected to be 1,913.5 thousand units by the end of 2015 and is expected to reach 4,783.0 thousand units by 2021, exhibiting a CAGR of 16.5%.
On the basis of robot type, the global residential robotic vacuum cleaner market is segmented into an in-house robot and outdoor robot. In terms of value, the in-house robot segment is expected to account for 83.3% share of the global residential robotic vacuum cleaner market by the end of 2015 and is anticipated to expand at CAGR of 9.9% during the forecast period. In terms of volume, the in-house robots segment stood at 1,309.1 thousand units in 2014.
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On the basis of mode of charging, the global residential robotic vacuum cleaner market is segmented into manual charging and auto battery charging segments. In terms of value, the manual charging segment is expected to expand at the highest CAGR of 12.0% during the forecast period, while the auto battery charging segment is expected to be valued at US$ 1,775.6 Mn by 2021.
The report provides in-depth information about various factors and trends affecting each segment and provides analysis and insights about the potential of the residential robotic vacuum cleaner market in specific regions. On the basis of region, the global market of residential robotic vacuum cleaner market is segmented into five regions; among these, Europe is expected to dominate the market, accounting for 44.6% value share by the end of 2015 and it is expected to remain dominant by 2021. However, the Middle East & Africa market is anticipated to expand at the highest CAGR during the forecast period.
Key market players in global residential robotic vacuum cleaner market include iRobot Corporation, Neato Robotics, Inc., Yujin Robot, Co., Ltd., Dyson Inc., Ecovacs Robotics, Inc., Hayward Industries, Inc., Philips Electronics N.V, Samsung Electronics Co., Ltd., Pentair plc and Milagrow Business & Knowledge Solutions (Pvt.) Limited.
Key market players are focusing on product innovation to offer advanced products to consumers. For example, in September 2015, iRobot Corporation launched Roomba 980 vacuum cleaning robot. It is the company's first robotic vacuum cleaner to combine adaptive navigation with visual localization, cloud-connected app control and enhanced cleaning power on carpets.
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Market Taxonomy
Robot Type
Outdoor Robot
In-House Robot
High End
Mid Range
Low End
Mode of Charging
Manual Charging
Auto-Battery Charging
Region
North America
Latin America
Europe
Asia Pacific
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Expert analysis, actionable insights, and strategic recommendations - the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.
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