Press release
Global Residential Robotic Vacuum Cleaner Market Projected to Surpass $5.4 Billion by 2029 with 13.6% Annual Growth
Residential Robotic Vacuum Cleaner Market
The growth of the residential robotic vacuum cleaner market is anticipated to be propelled by the increasing working population. The term 'working population' is used to represent the part of the population that is currently employed or actively seeking a job, generally those who are aged between 15 to 64. The growth in this demographic is due to factors such as broader population growth, increasing female workforce participation, and later retirement ages. Residential robotic vacuum cleaners are in demand by this sector of the population as they offer time and effort savings by mechanizing house cleaning tasks, thereby freeing up time for work and other activities. For example, a report by the Office for National Statistics, a non-ministerial department in the UK, revealed in March 2024 that between December 2023 and January 2024, the number of employees on company payrolls in the UK rose by 15,000 and by 386,000 between January 2023 and January 2024. Preliminary projections indicate a further rise of 20,000 in February 2024 compared to the previous month, and an overall increase of 368,000, bringing the total to 30.4 million. Based on these observations, the expanding working population is fuelling the expansion of the residential robotic vacuum cleaner industry.
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What is the future CAGR of the residential robotic vacuum cleaner market, and how will it impact industry expansion?
In recent times, there's been a substantial increase in the size of the residential robotic vacuum cleaner market. Predictions show a growth from $2.85 billion in 2024 to $3.25 billion in 2025, which equates to a compound annual growth rate (CAGR) of 13.9%. Several factors have contributed to this growth in the historic period, including the demand for smart systems, enhanced consumer awareness, expanding urbanization, a heightened emphasis on hygiene and cleanliness, and an increasing call for automated cleaning solutions.
The market for residential robotic vacuum cleaners is predicted to expand rapidly in the coming years, reaching $5.4 billion by 2029 with a compound annual growth rate (CAGR) of 13.6%. This anticipated growth within the forecast period can be credited to the increasing uptake of advanced technological devices, the surge in consumer desire for smart home technologies, progression in AI-powered navigation systems, high demand for intelligent home appliances, and a growing working demographic. Key trends that are expected to shape the forecast period include technological innovations, integration with smartphones, tablets or voice-activated assistants, advancements in navigational technology, innovative new products and strategic mergers and acquisitions.
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What are the most significant trends transforming the residential robotic vacuum cleaner market today?
Leading companies in the residential robotic vacuum cleaner sector are producing advanced technologically products like robot vacuums and mops. This development is in response to the increasing popularity and demand for such appliances in contemporary homes. A robot mop and vacuum combine the tasks of vacuuming and mopping into one appliance. In July 2024, the consumer robotics firm based in the US, iRobot Corporation, unveiled the Roomba Combo 10 Max Robot + AutoWash Dock. This product efficiently vacuums and mops a variety of floor types and features a state-of-the-art system that automatically refills and recharges the robot, washes and dries the mopping pad, empties any collected debris, and cleans itself. This reduces the amount of upkeep required by the user, while ensuring clean floors. The device is powered by the iRobot OS and features the new Enhanced Dirt Detect Technology. This technology can pinpoint substantial concentrations of dirt and debris up to eight times more often, providing cleaning results similar to manual cleaning. Moreover, it will be the first iRobot floor cleaner that aligns with the Matter smart home protocol and is usable with the Apple Home ecosystem.
Which key market segments comprise the residential robotic vacuum cleaner market and drive its revenue growth?
The residential robotic vacuum cleanermarket covered in this report is segmented -
1) By Product: Robot Vacuum Cleaner Only, Robot Vacuum Cleaner And Mop
2) By Charging: Manual Charging, Automatic Charging
3) By Distribution Channel: Offline, Online
Subsegments:
1) Robot Vacuum Cleaner Only: Standard Robot Vacuum Cleaners, High-Performance Robot Vacuum Cleaners, Budget Robot Vacuum Cleaners
2) Robot Vacuum Cleaner And Mop: 2-in-1 Robot Vacuum and Mop Cleaners, Smart Robot Vacuum and Mop Systems, Advanced Cleaning Robot with Mopping Function
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Which region dominates the residential robotic vacuum cleaner market?
Asia-Pacific was the largest region in the residential robotic vacuum cleaner market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the residential robotic vacuum cleaner market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the residential robotic vacuum cleaner market?
Major companies operating in the residential robotic vacuum cleaner market are Samsung Electronics Co. Ltd., Panasonic Corp., Xiaomi Corporation, Electrolux, Dyson Ltd., Miele, Ecovacs Robotics Inc., LG Electronics Inc., iRobot Corporation, Hoover, Bissell Homecare Inc., Yujin Robot Inc., Ilife Robotics Co. Ltd., Neato Robotics Inc., SharkNinja Operating LLC, Bobsweep Inc., Sweeva Technology Co. Ltd., Roborock Technologies Co. Ltd., Karcher Group, Anker Innovations Limited, Hayward Industries Inc., Tineco Intelligent Technology Co. Ltd., Vorwerk SE & Co. KG, OZMO Inc., Proscenic
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What Is Covered In The Residential Robotic Vacuum Cleaner Global Market Report?
•Market Size Forecast: Examine the residential robotic vacuum cleaner market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the residential robotic vacuum cleaner market for a structured understanding.
•Key Players Overview: Analyze major players in the residential robotic vacuum cleaner market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the residential robotic vacuum cleaner market.
•Segment Contributions: Evaluate how different segments drive overall growth in the residential robotic vacuum cleaner market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the residential robotic vacuum cleaner market.
•Industry Challenges: Identify potential risks and obstacles affecting the residential robotic vacuum cleaner market.
•Competitive Landscape: Review strategic developments in the residential robotic vacuum cleaner market, including expansions, agreements, and new product launches.
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