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Household Robots Market Size, Share, Trends And Outlook Report 2024-2033
Household Robots Market Size
As per the report, the household robots market size has grown rapidly in recent years. It will grow from $8.1 billion in 2023 to $9.7 billion in 2024 at a compound annual growth rate (CAGR) of 19.8%. The household robots market size is expected to see exponential growth in the next few years. It will grow to $20.35 billion in 2028 at a compound annual growth rate (CAGR) of 20.4%.
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Growing Demand For Robots To Drive Household Robots Market Growth
High demand for robots are expected to boost the growth of the household robots market going forward. Robots refer to any autonomously run system that substitutes human effort. Most people prefer to use robots to assist with household chores like cleaning and ironing. Thus, growing robots demand is expected to boost the household robot market. For instance, in October 2022, according to a report released by the International Federation of Robotics, global robot installations are expected to rebound strongly and grow by 13% to 435,000 units in 2021. Additionally, America's sales increased by 27% to 44,300 units sold. Asia and Australia saw the most growth in demand, with installations climbing 33% to 354,500 units. Furthermore, according to early figures from the International Federation of Robotics (IFR) for 2021, Europe experienced double-digit growth of 15%, with 78,000 units. Therefore, demand for robots will drive the growth of the household robots market.
Ecovacs Robotics' Revolutionary Robot For All-Around Cleaning
Technological advancements have emerged as the key trend gaining popularity in the household robot market. Major companies operating in the household robot market are developing innovative technologies to strengthen their position in the market. For instance, in March 2022, Ecovacs Robotics, a China-based top auto cleaning robots designer, launched DEEBOT X1 OMNI, an all-in-one vacuum and mopping robot, based on TrueMapping technology. Some of the unique features of the DEEBOT X1 Omni are the All-in-One OMNI Station, and the potent AIVI 3D. The DEEBOT X1 Omni is specifically designed to perform all-around cleaning to improve daily life.
The household robots market covered in this report is segmented -
1) By Type: Domestic, Entertainment and Leisure
2) By Offering: Products, Services
3) By Application: Vaccuming, Lawn Mowing, Pool Cleaning, Companionship, Elderly Assistance and Handicap Assistance, Robot Toys and Hobby Systems, Other Applications
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Major companies operating in the household robots market report are Dyson Limited, Ecovacs Robotics, Neato Robotics Inc., Alfred Kärcher SE & Co., LG Electronics Inc, The Lego Group, Samsung Electronics Co Ltd, Husqvarna AB, Deere & Company, Xiaomi Corporation, BSH Hausgeräte GmbH, Miele Corporate, Robomow, Blue Frog Robotics, iLIFE Innovation Ltd, iRobot Corporation, Maytronics Ltd., Neato robotics Inc., Hayward Holdings Inc., Panasonic Corporation, Roborock Technology Co. Ltd, bObsweep Inc., SharkNinja Operating LLC, Schweitzer Engineering Laboratories, Schneider Electric SE, Opus One Solutions Inc., Encorp Inc., Siemens AG, Schweitzer & Conrad Inc., Spirae LLC Company, Emerson Automation Solutions, CleanSpark Inc., Eaton Corporation, General Electric Company, .
Contents of the report:
1. Executive Summary
2. Household Robots Market Report Structure
3. Household Robots Market Trends And Strategies
4. Household Robots Market - Macro Economic Scenario
5. Household Robots Market Size And Growth
…..
27. Household Robots Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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