Press release
Strong Growth Ahead: Household Robots Market Size To Grow At Arecord 21% Cagr By 2029
Household Robots
What Is the Projected Growth of the Household Robots Market?
In recent times, there has been immense growth in the market size of household robots. The projections indicate an escalation from $9.63 billion in 2024 to an estimated $11.51 billion by the year 2025, representing a compound annual growth rate (CAGR) of 19.5%. The remarkable growth during this historic period has been driven by several factors including the consumers' growing preference for convenience, the integration of smart home technology, heightened consumer consciousness, enhancements in affordability, commitment to environmental sustainability, safety upgrades, alongside a range of government initiatives.
The market for household robots is set to witness astounding growth in the upcoming years, expanding to a market size of $24.66 billion by 2029 with a compound annual growth rate (CAGR) of 21.0%. This rapid growth can be credited to developments in human-robot interaction, the widespread use of voice assistants, further expansion of the robotic lawn care segment, advancements in object recognition technology, a consistent drop in component pricing, and increasing implementations in the hospitality sector. Key trends projected for the forecast period are an upswing in the adoption of robotic vacuum cleaners, progression in AI and machine learning, multi-functional robots, personal assistant robots, and an emphasis on cloud connectivity and data analytics along with energy-efficient and eco-friendly designs.
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What Are the Emerging Segments Within 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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What Long-Term Drivers Are Shaping Household Robots Market Trends?
The projected rise in the household robots market is anticipated to be spurred on by high robot demand. These robots, which operate autonomously and are designed to replace human effort, are becoming increasingly popular for assisting with household tasks, like cleaning and ironing. This increasing popularity is giving the household robot market a significant boost. The International Federation of Robotics, a professional non-profit organization based in Germany, reported in September 2024 that there was a 9% increase in industrial robot installations across Europe, leading to a record 92,393 units. Of that number, 80% were implemented in the European Union, with the installation of 73,534 units, this in itself is a 2% increase from 2023. Therefore, the demand for robots will continue to fuel the expansion of the household robots market.
Who Are the Top Competitors in Key Household Robots Market Segments?
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
What Household Robots Market Trends Are Gaining Traction Across Different Segments?
Rapid progress in technology is becoming the predominant trend in the household robot market. Prominent companies within the market are creating cutting-edge solutions to solidify their market standing. For example, in March 2022, Ecovacs Robotics, a leading China-based designer of auto cleaning robots, introduced the DEEBOT X1 OMNI, a comprehensive vacuum and mopping robot utilizing TrueMapping technology. Some distinct features of the DEEBOT X1 Omni include the All-in-One OMNI Station and the impressive AIVI 3D. The DEEBOT X1 Omni is specifically engineered for all-around cleaning to enhance everyday living.
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Which Regions Are Becoming Hubs for Household Robots Market Innovation?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Household Robots Market?
2. What is the CAGR expected in the Household Robots Market?
3. What Are the Key Innovations Transforming the Household Robots Industry?
4. Which Region Is Leading the Household Robots Market?
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