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
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Robot
RoboPaw Robot Puppy Review: Is This Robot Dog Worth Buying?
RoboPaw Robot Puppy Review: Is This Robot Dog Worth Buying?
The rise of smart robotic pets has transformed how families introduce companionship, creativity, and safe entertainment into their daily routines. Among the newest innovations gaining massive attention is the RoboPaw Robot Puppy, a highly interactive, expressive, and surprisingly intelligent robotic companion designed for kids, adults, and even seniors who want play, comfort, and engagement without the responsibility of a real pet.
The…
Wuffy Robot Dog Reviews: All Truth about Wuffy Robot Dog (wuffy the robot dog)
Parents around the world are asking the same question right now: can a robot puppy really replace some of the comfort and fun of a real dog? In a time when many families live in apartments, juggle allergies, or simply cannot handle the responsibility of a pet, wuffy robot dog reviews are starting to stand out online for one simple reason. This is not another plastic gadget that flashes once…
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…
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…
