Press release
Robotic Vacuum Cleaners Market: Rapid Expansion, Envisaging $17.02 Billion by 2028.
Robotic Vacuum Cleaners Global Market Report 2024
The Business Research Company presents an extensive market research report on the Robotic Vacuum Cleaners Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The robotic vacuum cleaners market size has grown rapidly in recent years. It will grow from $7.97 billion in 2023 to $9.53 billion in 2024 at a compound annual growth rate (CAGR) of 19.6%. The growth in the historic period can be attributed to changing lifestyles and time constraints, awareness and acceptance, urbanization and smaller living spaces, aging population and physical limitations, innovations in household technology.
The robotic vacuum cleaners market size is expected to see rapid growth in the next few years. It will grow to $17.02 billion in 2028 at a compound annual growth rate (CAGR) of 15.6%. The growth in the forecast period can be attributed to smart home integration, enhanced cleaning performance, affordability and market accessibility, customization and personalization, eco-friendly and energy efficiency. Major trends in the forecast period include multi-room mapping and navigation, advanced sensing technologies, longer battery life and fast charging, customization and personalization features, sustainability and eco-friendly design.
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Key Market Players:
Major companies operating in the robotic vacuum cleaners market report are Samsung Electronics Co. Ltd., Metapo Inc., Robert Bosch GmbH, LG Electronics Inc., Panasonic Corporation, Haier Electronics Group Co. Ltd., Sharp Corporation, Koninklijke Philips N.V., AB Electrolux, Groupe SEB Deutschland GmbH, Dyson Ltd., Miele & Cie. KG, Pentair plc, Vorwerk & Co. KG, SharkNinja Operating LLC, Karcher Cleaning Systems Pvt. Ltd., Maytronics Ltd., ECOVACS Robotics Co. Ltd., Hayward Industries Inc., iRobot Corporation, Bissell Inc., Taurus Group BV, Yujin Robots Co. Ltd., Neato Robotics Inc., ILIFE Robotics Technology Co. Ltd., bObsweep Inc., Kevac SRL, Cecotec Innovaciones S.L., Mamibot Manufacturing USA Inc., Matsutek Enterprises Co. Ltd.
Market Drivers:
Rising investments in developing new technologies in robotic vacuum cleaners are 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 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. For instance, in January 2023, LionsBot International Pte Ltd, a Singapore based smart robotics company got invested with $7 million for developing cleaning robots for commercial applications by TransLink Capital a US-based venture capital firm. Rising investments and support from the government thereby contribute to the growth of the robotic vacuum cleaners market.
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https://www.thebusinessresearchcompany.com/report/robotic-vacuum-cleaners-global-market-report
The robotic vacuum cleaners market covered in this report is segmented -
1) By Type: Robotic Floor Vacuum Cleaner , Robotic Pool Vacuum Cleaner
2) By Type Of Charging: Automatic Charging, Manual Charging
3) By End-Users: Residential, Commercial
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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