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Robotic Vacuum Cleaners Market Trends, Top Companies, Share, Growth And Forecast 2033
Robotic Vacuum Cleaners Market
Robotic Vacuum Cleaners Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $17.02 billion In 2028 At A CAGR Of 15.6% :
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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Robotic Vacuum Cleaners Market Major Segments
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
Key Driver - Growing Investments In Robotic Vacuum Cleaner Technology Boost Market Expansion
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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Prominent Trend - Innovative Product Launches In The Robotic Vacuum Cleaner Market
Companies are launching new products to increase their revenue and also for gaining a competitive edge over their rivals. For instance, in 2021, in the USA, iRobot Corporation, a leading advanced robotic vacuum technology company, launched Roomba j7+ Robot Vacuum to give customers more control over their cleaning with 3.0 home intelligence.
Robotic Vacuum Cleaners 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.
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the robotic vacuum cleaners market in 2023. Western Europe was the second-largest region in the global robotic vacuum cleaners market share. The regions covered in the robotic vacuum cleaners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Robotic Vacuum Cleaners Market Report Structure
3. Robotic Vacuum Cleaners Market Trends And Strategies
4. Robotic Vacuum Cleaners Market - Macro Economic Scenario
5. Robotic Vacuum Cleaners Market Size And Growth
…..
27. Robotic Vacuum Cleaners Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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