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Robotic Vacuum Cleaner Market: The global market is expected to grow at a CAGR of 21.94% during the forecasted period.

02-06-2024 12:29 AM CET | IT, New Media & Software

Press release from: Evolve Business Intelligence

Robotic Vacuum Cleaner Market: The global market is expected

As per the study initiated by Evolve Business Intelligence, the global Robotic Vacuum Cleaner Market size accounted for USD 4.27 Billion in 2022, growing at a CAGR of 21.94% from 2023 to 2033. The robotic vacuum cleaner market is experiencing rapid growth, with a projected CAGR ranging from 15% to 21.89% over the next few years. This market is being primarily driven by the increasing demand for personalized and intelligent cleaning solutions, as well as the growing adoption of robotic vacuum cleaners over regular vacuums due to their benefits in terms of human resources and cost. The market is characterized by the presence of key players such as iRobot Corporation, ECOVACS Robotics Co. Ltd., Samsung Electronics Co., Ltd, and others. The market is segmented by type, including cleaning robots, mopping robots, and hybrid robots, and is witnessing significant demand from consumers in North America, Europe, and Asia-Pacific, particularly through online channels. The integration of advanced technologies such as voice recognition and IoT solutions is further contributing to market expansion.

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Key Highlights:
• The global Robotic Vacuum Cleaner Market size was valued at USD 4.27 Billion in 2022 growing at a CAGR of 21.94% from 2023 to 2033.
• Asia Pacific dominated the market in 2022
• North America is expected to grow at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Robotic Vacuum Cleaner Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..

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Key Players
Some of the major Robotic Vacuum Cleaner Market players holding high market shares include Dyson Ltd. (Malmesbury, U.K.), ECOVACS (Suzhou, China), iRobot Corporation (Massachusetts‎, U.S) and LG Electronics (Seoul, South Korea). These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• 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)

Segmental Analysis
Market Segment By Type
• Floor Vacuum Cleaner
• Window Vacuum Cleaner
• Pool Vacuum Cleaner

Market Segment By Application
• Household
• Commercial

Market Segment By Operation Mode
• Self-Drive
• Remote Control

Market Segment By Distribution Channel
• Online
• Offline

Market Segment By Price
• Below USD 150
• USD 150 - 300
• USD 300 - 500
• Above USD 500

For more information: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022058

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and dataforecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making

Address
Evolve Business Intelligence
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Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.

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