Press release
Robotic Vacuum Cleaner Market Worth $15.4 Billion by 2028
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Driving Forces Behind Market Growth
The robust expansion of the robotic vacuum cleaner market is attributed to heightened consumer demand, particularly among individuals leading busy lifestyles, coupled with the escalating trend of home automation. Advanced features like Artificial Intelligence (AI) and connectivity contribute to increased efficiency and productivity, fueling the adoption of robotic vacuum cleaners, particularly in Asia-Pacific and North America.
Strategic Developments Propelling Market Momentum
The market is experiencing significant acceleration, thanks to strategic initiatives undertaken by industry leaders to enrich their product portfolios and align with evolving consumer demands in developed nations. Key players are actively developing innovative robot vacuums equipped with advanced technologies, allowing users to customize vacuuming and mopping operations for more efficient cleaning. Furthermore, companies are expanding their sales networks, reaching untapped regions through robust online sales channels to meet global demand.
Top Trending blog: https://meticulousblog.org/top-10-companies-in-robotic-vacuum-cleaner-market/
Comprehensive Market Segmentation
Meticulous Research® has meticulously segmented the global robotic vacuum cleaners market based on type (cleaning robots, mopping robots, hybrid robots), distribution channel (online, offline), operation (self-drive, remote-controlled), price range (below USD 200, USD 201 to 500, above USD 501), application (residential, commercial [hospitality, offices, healthcare, retail, other end users]), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).
Key Insights from the Segmentation:
• Cleaning robots segment expected to dominate the market in 2021, driven by cost-effectiveness.
• Online distribution channel projected to witness the highest CAGR during the forecast period.
• Residential application segment estimated to hold the largest market share in 2021, catering to home environments and consumer demand for autonomous robotic technology.
Geographic Landscape
The research report provides a detailed analysis of major geographies, including North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of the Middle East & Africa).
In 2021, Asia-Pacific is anticipated to command the largest market share, driven by a robust manufacturing sector in China, Japan, and South Korea, coupled with widespread deployment of robotic vacuum cleaners in residential setups.
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Key Market Players
Key players shaping the global robotic vacuum cleaners market include iRobot Corporation (U.S.), ECOVACS Robotics Co. Ltd. (China), Beijing Roborock Technology Co. Ltd. (China), Anker Innovation Technology Co., Ltd. (China), Samsung Electronics Co., Ltd (South Korea), Shenzhen Proscenic Technology Co. Ltd. (China), Neato Robotics, Inc. (U.S.), Cecotec Innovaciones S.L. (Spain), LG Electronics Inc (South Korea), Dyson Limited (U.K.), Panasonic Corporation (Japan), and Sharp Corporation (U.S.).
Mr. Khushal Bombe
Meticulous Market Research Inc.
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