Press release
Household Robots Market Set to Reach $24.66 Billion by 2029 with 21% Yearly Growth
Household Robots Market Size
The expansion of the household robots market is anticipated to be propelled by the escalating demand for robots. Robots, as autonomously operating units that replace human labor, are increasingly being used for domestic tasks, such as cleaning and ironing. This surge in robot usage is likely to stimulate the household robot market. For example, data from the International Federation of Robotics, a non-profit professional origination based in Germany, noted a 9% increase in industrial robot installations in Europe in September 2024, hitting a new high of 92,393 units. Of these, 80% found application in the European Union, with 73,534 units, representing a 2% increase from 2023. Hence, the desire for robots will stimulate the expansion of the household robots market.
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What Is the projected market size and growth rate for the household robots market?
The scale of the household robots market has seen a significant uptick in recent times. The market, which was worth $9.63 billion in 2024, is projected to expand to $11.51 billion in 2025, illustrating a compound annual growth rate (CAGR) of 19.5%. Factors such as a preference for convenience among consumers, integration with smart homes, heightened consumer consciousness, improvements in affordability, environmental sustainability concerns, augmentation in safety features, and governmental policies have contributed to this exceptional growth during the historical period.
In the forthcoming years, a substantial surge is projected in the size of the household robots market. It's projected to escalate to $24.66 billion by 2029, with a compound annual growth rate (CAGR) of 21.0%. This growth during the predicted period can be credited to the development in the interaction between humans and robots, the rise in the use of voice assistants, the expansion of robotic lawncare, advancements in object recognition, constant decrease in component prices, and growth in applications within the hospitality sector. Major trends to be observed during the forecast period encompass a surge in the usage of robotic vacuum cleaners, advancements in AI and machine learning, multi-purpose robots, personal aide robots, cloud connectivity and data analysis, as well as energy-efficient and environment-friendly designs.
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What new trends are reshaping the household robots market and its opportunities?
The rise of technological advancements is becoming an increasingly popular trend in the household robot market. Major market players are leveraging these advancements to solidify their market standing through the development of innovative technologies. In March 2022, Ecovacs Robotics, a leading auto cleaning robots designer from China, took this strategy by introducing the DEEBOT X1 OMNI, an all-in-one vacuum and mopping robot, constructed with TrueMapping technology. This specific model, DEEBOT X1 Omni, boasts of unique features such as the All-in-One OMNI Station and the powerful AIVI 3D, and is engineered to deliver comprehensive cleaning that enhances daily living.
What major market segments define the scope and growth of the household robots market?
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: Vacuuming, Lawn Mowing, Pool Cleaning, Companionship, Elderly Assistance And Handicap Assistance, Robot Toys And Hobby Systems, Other Applications
Subsegments:
1) By Domestic: Robotic Vacuum Cleaners, Robotic Mops, Lawn Mowing Robots, Window Cleaning Robots, Personal Assistants
2) By Entertainment And Leisure: Robotic Toys, Social Companion Robots, Educational Robots, Pet Robots
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Which region dominates the household robots market?
Asia-Pacific was the largest region in the household robots market in 2024, and is expected to be the fastest-growing region in the household robots market 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
Which key market leaders are driving the household robots industry growth?
Major companies operating in the household robots market include 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
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What Is Covered In The Household Robots Global Market Report?
• Market Size Forecast: Examine the household robots market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the household robots market for a structured understanding.
• Key Players Overview: Analyze major players in the household robots market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the household robots market.
• Segment Contributions: Evaluate how different segments drive overall growth in the household robots market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the household robots market.
• Industry Challenges: Identify potential risks and obstacles affecting the household robots market.
• Competitive Landscape: Review strategic developments in the household robots market, including expansions, agreements, and new product launches.
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