Press release
Robotic Pool Cleaner Market to Grow at a CAGR of 8.2% from 2022 to 2031 - Analysis by TMR
The global robotic pool cleaner market is experiencing remarkable growth, with its value projected to rise from US$ 626.5 million in 2021 to US$ 1.3 billion by 2031. This impressive growth, at a CAGR of 8.2% from 2022 to 2031, highlights the increasing adoption of advanced technologies and the rising number of swimming pools in residential and commercial sectors worldwide.Access key findings and insights from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=73507
Market Overview
Robotic pool cleaners have transformed the maintenance of swimming pools, offering unparalleled accuracy and significantly reducing the need for human intervention. These intelligent devices are gaining popularity due to their ability to sense and navigate to areas that require cleaning, ensuring a high level of cleanliness and hygiene. The integration of Artificial Intelligence (AI) has led to the development of autonomous pool cleaners, further enhancing their efficiency and effectiveness.
Market Size and Growth
The market's growth is driven by the significant expansion of the water recreational industry and the increasing construction of swimming pools in luxury apartments and homes. Premium hotel chains are also contributing to the market's growth by expanding their regional and international presence, thereby driving the demand for automatic pool cleaners. For instance, Marriott International's Annual Report indicated an increase in the number of JW Marriott hotels from 102 in 2020 to 107 in 2021.
Market Segmentation
The residential cleaning robot segment held a major share of the global robotic pool cleaner market in 2021, driven by the rise in the number of residential pool owners. Attractive amenities such as pools in residential buildings are drawing more attention from property buyers, who prefer all amenities within the same infrastructure for a better lifestyle.
In terms of cleaning type, the multi-surface cleaning segment is anticipated to lead the market during the forecast period. The increase in health awareness has prompted people to regularly clean pool surfaces to prevent infections and diseases, making multi-surface cleaning an essential feature.
Regional Analysis
Europe held the largest share of the global robotic pool cleaner market in 2021, driven by the rapid adoption of advanced technological devices and high labor costs. North America and Asia Pacific also have large customer bases, with pool owners in these regions being highly conscious of cleanliness and hygiene. The market in South America is expected to witness significant growth during the forecast period, driven by economic development in countries like Brazil and Argentina.
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Market Drivers and Challenges
The growth of premium hotel chains and the increasing construction of swimming pools in luxury apartments and homes are key drivers of the market. The rise in the number of water parks and rapid urbanization are additional factors fueling the demand for robotic pool cleaners. However, challenges such as the high initial cost of these devices and the need for regular maintenance may hinder market growth.
Market Trends
The trend towards autonomous and programmable household robots is gaining momentum, with key players introducing robust and user-friendly products. For example, Maytronics has integrated cloud technology into its robotic pool cleaners, allowing users to control and manage the devices remotely. This trend is expected to continue, with more manufacturers incorporating advanced technologies into their products.
Competitive Landscape
The market is highly competitive, with key players such as BWT Holding GmbH, Mariner 3S AG, Milagrow Robot, Pentair AES, Fluidra, Water Tech Corp, Rock Rocker, Hayward Industries, Inc., and Zucchetti Centro Sistemi S.p.a. continuously innovating to maintain their market positions. The integration of cloud technology and AI in robotic pool cleaners is a significant trend, allowing users to remotely control and program their devices.
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Future Outlook
The future of the robotic pool cleaner market looks bright, with continued advancements in technology and increasing consumer awareness about the benefits of automated cleaning solutions. The market is poised for significant growth, presenting ample opportunities for manufacturers and stakeholders. As more consumers recognize the convenience and efficiency of robotic pool cleaners, the demand for these devices is expected to rise, driving further innovation and development in the market.
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