Press release
Exponential Growth Forecasted in the Household Robots Market: Key Factors Driving the 21.0% CAGR Trend Through 2029
Household Robots Market Size
What Is The Projected Market Size Of The Global Household Robots Market And Its Growth Rate?
• The size of the household robots market was $9.63 billion in 2024.
• The market is expected to grow to $11.51 billion in 2025, with an impressive CAGR of 19.5%, reflecting continued growth during the historic period due to factors such as environmental sustainability, affordability improvements, and government initiatives.
• By 2029, the projected growth of the market is expected to reach $24.66 billion at a CAGR of 21.0%. This growth in the forecast period is primarily attributed to advancements in object recognition, expanding applications in hospitality and robotic lawn care, and a continued decline in component costs.
What Is Driving The Growth In The Household Robots Market?
The significant demand for household robots, which are autonomously operated systems that substitute human effort, is visible in an increase in industrial robot installations in Europe. As per the International Federation of Robotics, in September 2024, there was a 9% increase in robot installations, reaching a new record of 92,393 units, with 80% being deployed in the European Union. Hence, it is evident that this demand for robots drives the growth of the household robot market.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9079&type=smp
Who Are the Key Players Driving Household Robots Market Growth?
• Dyson Limited
• Ecovacs Robotics
• Neato Robotics Inc.
• Alfred Kärcher SE & Co.
• LG Electronics Inc
• 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
What Are The Key Trends In The Household Robots Market?
The key trends in the household robot market include:
• Increased adoption of robotic vacuum cleaners
• AI and machine learning advancements
• Multi-functional robots
• Personal assistant robots
• Cloud connectivity and data analytics
• Energy-efficient and eco-friendly designs
What Are The Segments Of The Global Household Robots Market?
• By Type: Domestic, Entertainment And Leisure
• By Offering: Products, Services
• By Application: Vacuuming, Lawn Mowing, Pool Cleaning, Companionship, Elderly Assistance, Handicap Assistance, Robot Toys, Hobby Systems, Other Applications
Which Region Leads The Household Robots Market?
In 2024, the Asia-Pacific region led the household robots market and is expected to continue being the fastest-growing region during the forecast period. The regions covered in the household robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/household-robots-global-market-report
What Is Covered In The Household Robots Market Global Market Report?
• Market Size Analysis: Analyze the Household Robots Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Household Robots Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Household Robots Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Household Robots Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/Customise?id=9079&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Exponential Growth Forecasted in the Household Robots Market: Key Factors Driving the 21.0% CAGR Trend Through 2029 here
News-ID: 3826821 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Robot
Major Market Shift in Robot Kitchen Industry: Robot-Operated Or AI-Powered Resta …
What Is the Forecasted Market Size and Growth Rate for the Robot Kitchen Market?
The robot kitchen market has grown strongly in recent years. It is projected to grow from $3.35 billion in 2024 to $3.66 billion in 2025, at a CAGR of 9.3%. The growth is driven by automation and efficiency, rising labor costs, consumer demand for convenience, innovation and competition, and the emphasis on food safety and hygiene.
The robot…
AI Robot Toy Market Likely to Enjoy Massive Growth (2024-2029)ROYBI AI Robot , D …
According to HTF Market Intelligence, the Global AI Robot Toy market to witness a CAGR of 17.8% during the forecast period (2024-2029). The Latest Released AI Robot Toy Market Research assesses the future growth potential of the AI Robot Toy market and provides information and useful statistics on market structure and size.
This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify…
Six-Axis Robot Controllers Market | ABB, Alfa Robot, Arburg, Engel
The global six-axis robot controllers market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the six-axis robot controllers market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
Four-Axis Robot Controllers Market | ABB, Alfa Robot, Arburg, Engel
The global four-axis robot controllers market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the four-axis robot controllers market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
TPA Robot launches a new industrial linear robot
The single axis robot KK Series, developed by TPA ROBOT, uses partially hardened U-shaped steel base track to significantly increase the robot's strength and load capacity. Due to the different environments, we have three type of linear robot series, KSR, KNR and KFR, depending on the type of cover used.
For the return system between the track and the slider, the contact surface between the ball and the ball groove adopts…
Robot Battery Market 2023- 2028 Global Insights by Industry Volume, Opportunitie …
The Robot Battery Market research report gives consistent conveyance of the substance. Information gathered in the notification is from verified and reliable sources. Besides, the report additionally breaks down the forthcoming patterns and openings likely to propel the Robot Battery Market. Moreover, the Robot Battery Market provides creative strategies and plans that help market players to stay ahead of the competition. Besides, the Robot Battery Market research report likewise evaluates…
