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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.
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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.
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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.
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