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Cleaning Robot Market Share, Trend, Growth, Analysis And Forecast 2024-2033
Cleaning Robot Market Share
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According to The Business Research Company's, The cleaning robot market size has grown exponentially in recent years. It will grow from $11.44 billion in 2023 to $14.2 billion in 2024 at a compound annual growth rate (CAGR) of 24.2%. The growth in the historic period can be attributed to increased in labor costs and demand for automation, growth in awareness of hygiene and cleanliness, expanded commercial and industrial cleaning needs, adoption of cleaning robots in healthcare facilities, rise in demand for smart home and iot-enabled devices.
The cleaning robot market size is expected to see exponential growth in the next few years. It will grow to $34.86 billion in 2028 at a compound annual growth rate (CAGR) of 25.2%. The growth in the forecast period can be attributed to market penetration in emerging economies and urbanization, expansion of e-commerce and warehouse automation, adoption of cleaning robots in hospitality and retail sectors, demand for disinfection and sterilization robots in healthcare, government initiatives for automation and technological innovation. Major trends in the forecast period include uv-c and disinfection technologies, ai-powered navigation and mapping, integration with smart home ecosystems, edge cleaning and corner navigation, adoption of swappable cleaning attachments .
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Market Drivers and Trends:
An increase in concern for safety in homes is expected to drive the growth of the cleaning robot market going forward. Smart cleaning robots are used to maintain a clean environment inside homes in order to avoid any spread of germs or infections. The robot vacuum cleaner can keep any hidden spot clean in the house and can also sense obstacles. For instance, according to the International Federation of Robotics, a Germany-based non-profit organization, in November 2021, the demand for professional cleaning robots grew by 92% to 34,400 units sold due to the COVID-19 pandemic. Also, in terms of value, the sales of medical robotics account for 55% of the total professional service robot turnover in 2020. Therefore, the increase in concern for safety in homes is driving the growth of the cleaning robot market.
New product innovation is a key trend and popularity in the cleaning robot market. Major companies operating in the cleaning market are focused on developing advanced cleaning robots to strengthen their position in the market. For instance, in February 2021, Midea Group, a China-based high-technology company, launched the next-gen robot vacuum cleaner, Midea's S8+ auto-dust-collection robot. The S8+ is part of Midea's intelligent cleaning product series, which offers top-notch performance across the board. The S8+ represents a fundamental shift in modern home living where consumers demand intelligent cleaning companions to match the needs of today's fast-paced life.
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Major Key Players of the Market:
Ecovacs Robotics Co. Ltd., Samsung Electronics Co. Ltd., iRobot Corporation, Maytronics Ltd., SoftBank Robotics Corp., Diversey Inc., Beijing Roborock Technology Co.Ltd., ABB Ltd., Denso Corporation, Fanuc Corporation, Kawasaki Robotics GmbH, Kuka AG, Mitsubishi Electric Corporation, Nachi Fujikoshi Corporation, Omron Corporation, Neato Robotics, LG Electronics Inc., Roborock Technology Co. Ltd, SharkNinja Operating LLC, Cecotec Innovaciones SL, Milagrow Business and Knowledge Solutions Pvt. Ltd., Nilfisk Group, Pentair plc, AzioBot BV, Kaercher International, Avidbots Corp., Minuteman International Inc., Tennant Company, ICE Co., Brain Corp., Xenex Disinfection Services, ViaBot Inc., Aerones Inc., Skyline Robotics Ltd., Robodeck Ltd., Autonomous Solutions Inc., BladeRanger Ltd.
Cleaning Robot Market 2024 Key Insights:
• The cleaning robot market size is expected to see exponential growth in the next few years. It will grow to $34.86 billion in 2028 at a compound annual growth rate (CAGR) of 25.2%.
• Rising Concerns For Home Hygiene Propel Growth Of Cleaning Robot Market
• Innovative Cleaning Robots Transform The Industry Landscape
• Asia-Pacific was the largest region in the cleaning robot market in 2023
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