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Robotic Vacuum Cleaners Market Report 2023-2032: Trends, Share Analysis, Size And Industry Growth | Dyson Ltd., ECOVACS Robotics Co. Ltd., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp
Robotic Vacuum Cleaners Market
The Business Research Company's Robotic Vacuum Cleaners Global Market Report 2023 identifies Rising investments in developing new technologies in robotic vacuum cleaners as the major driver for the Robotic Vacuum Cleaners market's growth in the forecast period. The rising investments for innovations in hardware and software technologies, such as sensors and decision-making capabilities help robotic vacuum cleaners in doing household tasks and also help consumers to save time thereby attracting the customers to purchase robotic vacuum cleaners for household chores.
The global robotic vacuum cleaners market size will grow from $5.99 billion in 2022 to $6.41 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global robotic vacuum cleaners market size is expected to grow to $8.37 billion in 2027 at a CAGR of 6.9%.
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Major competitors in the Robotic Vacuum Cleaners market are Dyson Ltd., ECOVACS Robotics Co. Ltd., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp.
A key trend in the Robotic Vacuum Cleaners market includes high cost of robotic vacuum cleaners. Robotic vacuum cleaners are costly and cause potential consumers to think twice before they invest in them. For instance, in 2020, in the USA, iRobot's newly launched robotic vacuum cleaner Roombas are extremely expensive such as the 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.
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https://www.thebusinessresearchcompany.com/report/robotic-vacuum-cleaners-global-market-report
The Robotic Vacuum Cleaners market is segmented -
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
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Robotic Vacuum Cleaners market.
The Business Research Company's "Global Robotic Vacuum Cleaners Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Robotic Vacuum Cleaners Market Include:
1. Executive Summary
2. Robotic Vacuum Cleaners Market Characteristics
3. Robotic Vacuum Cleaners Market Trends And Strategies
4. Robotic Vacuum Cleaners Market - Macro Economic Scenario
5. Robotic Vacuum Cleaners Market Size And Growth
……
26. Africa Robotic Vacuum Cleaners Market
27. Robotic Vacuum Cleaners Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Robotic Vacuum Cleaners Market
29. Robotic Vacuum Cleaners Market Future Outlook and Potential Analysis
30. Appendix
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