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Future of the Household Robots Market: Trends, Innovations, and Key Forecasts Through 2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Household Robots Market Size Growth Forecast: What to Expect by 2025?
The market for household robots has seen immense expansion in the latest years, with expectations for it to increase from its 2024 worth of $9.63 billion to $11.35 billion in 2025, which equates to a compound annual growth rate (CAGR) of 17.8%. Factors culminating in this evolution in the historical phase include the yearning for convenience among consumers, assimilation into smart homes, enhanced customer understanding, improved affordability, promotion of environmental sustainability, improved safety measures, and government-led initiatives.
How Will the Household Robots Market Size Evolve and Grow by 2029?
The market size for household robots is predicted to experience significant growth in the coming few years, escalating to $23.9 billion in 2029 with a compound annual growth rate (CAGR) of 20.5%. The growth during the projected period can be credited to the progression in human-robot collaboration, increasing use of voice assistants, the growth of robotic lawn care, advancements in recognizing objects, a continued drop in part costs, and widening applications in the hospitality sector. Key trends in the forecasted period comprise growing acceptance of robotic vacuum cleaners, advancements in AI and machine learning, multi-functional robots, personal aide robots, connections to the cloud and data analysis, and designs that are efficient in energy use and environmentally friendly.
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What Drivers Are Propelling the Growth of Household Robots Market Forward?
The surge in demand for robots is anticipated to propel the expansion of the household robots market. Robots, which are essentially autonomous systems that replace human effort, are becoming increasingly popular for household tasks such as cleaning and ironing. This mounting interest is projected to fuel the growth of the household robot market. For example, the International Federation of Robotics, a non-profit organization based in Germany, reported a 9% increase in industrial robot installations across Europe in September 2024. This brought the total to a record-setting 92,393 units, 80% of which were set up within the European Union, totaling 73,534 units. This indicates a 2% increase from 2023. As such, the continued demand for robots is set to augur well for the household robots market.
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What Are the Key Trends Driving Household Robots Market Growth?
Innovation in technology has become a significant trend that's gathering steam in the realm of the household robot market. Various leading corporations in this market are creating new and innovative technological solutions to consolidate their market presence. For example, in March 2022, Ecovacs Robotics, a renowned name in the auto-cleaning robot design industry hailing from China, introduced the DEEBOT X1 OMNI. This latest product pairs vacuuming and mopping functions and is built on the TrueMapping technology. Among its unique functions are its All-in-One OMNI Station and the powerful AIVI 3D. The DEEBOT X1 Omni is purposely built to provide comprehensive cleaning and upgrade everyday living conditions.
What Are the Key Segments in the Household Robots Market?
The household robotsmarket 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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Who Are the Key Players Shaping the Household Robots Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in 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
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