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Global Robotic Vacuum Cleaners Market 2024 - By Size, Drivers, Trends, Competitors
Global Robotic Vacuum Cleaners Market
As per the report, 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 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%.
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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.
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.
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
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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.
Contents of the report:
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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