openPR Logo
Press release

Residential Robotic Vacuum Cleaner Market Poised to Rake US$ 2.4 Bn by 2021

03-21-2017 09:17 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Residential Robotic Vacuum Cleaner Market Poised to Rake US$ 2.4

Cleaning tight corners and hard-to-reach spaces in homes, floors, pools, and other residential spaces is often difficult without an efficient cleaning tool. Residential robotic vacuum cleaners, popularly known as robovacs, are widely used for effectively cleaning residential surfaces. Robovacs are equipped with intelligent sensors and several advanced features that enable room mapping, laser vision, and self-charging. Growing urban settlements and busier lifestyles of people across urban areas are predominantly driving the global market for residential robotic vacuum cleaner.

The global residential robotic vacuum cleaner market is expected to grow impressively over the next five years. During the forecast period 2016-2021, FMI indicates that the market may see exponential growth, taking a leap from US$ 1,491.0 Mn expected in 2016, to US$ 2,475.0 Mn by the end of 2021. Throughout the forecast period, the market for residential robotic vacuum cleaner is anticipated to expand at a healthy CAGR of 12%.

Changing Lifestyle and Growing Inclination toward Automated Cleaning Fuels Market

Increased emphasis on the quality of indoor air, improving lifestyle in developing regions, busier daily schedules, and lack of time for household chores are identified to be the key factors that will continue to create the demand for residential robotic vacuum cleaners. In addition, rising disposable earning in dual-income households is strongly supporting the sales of vacuum cleaners across the globe. A few more key drivers sustaining sales in global market include compact size, light weight, portability, and time-efficiency of residential robotic vacuum cleaners that facilitate cleaning and mopping on a daily basis.

Burgeoning Concerns about Health and Indoor Air Pollution Propel Sales

Increasing priority to health and hygiene, coupled with a growing tendency to lead a sustainable lifestyle, induce the need for efficient, automated home cleaning solutions. This will remain another major driver to the residential vacuum cleaner market. Moreover, rising prevalence of asthma raises the demand for vacuum cleaners with HEPA filters, ultimately contributing to the market growth. Rising preference for indoor air pollution management among the population of developing countries has been fuelling the growth of the market since the past few years.

Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-113

Key Market Trends Continue to Push Market Growth

Superior performance and enhanced functionality of robotic vacuum cleaners will remain the key factors augmenting the adoption of vacuum cleaners in households. A growing trend of bag-less vacuum cleaners is also identified to accelerate market growth. In addition, rising adoption of automated cleaners in emerging economies is a remarkable trend that has been positively impacting the market since the past few years.

New Product Launches Set to Sway the Market

The market has been witnessing a few innovations, such as vacuum cleaners with UV sterilisation, spinning brushes, security cameras, and so on. Such advancements are expected to push the market further. Discovery of a novel technology stair-climbing robotic vacuum cleaners is likely to present lucrative opportunities in near future. However, strict regulatory measures regarding energy-efficiency and higher costs of robotic vacuum cleaners will continue to pose a challenge to market growth in the long run.

In-house Robot Continues to Dominate Outdoor Robot

Based on robot type, the global residential robotic vacuum cleaners market is segmented into in-house robot and outdoor robot segments. In-house robot segment is likely to dominate with nearly 75% market share by 2021 end, attributed to the convenience of charging manually as well as automatically. However, adoption of outdoor vacuum cleaners is expected to rise over the next few years. This segment will exhibit a robust CAGR of 20.1% over the assessed period.

Europe Remains the Largest Market, Middle East and Africa Emerges Faster

On the basis of regional analysis, the market for residential robotic vacuum cleaner in Europe has been registering the highest revenue share over the years. This region will continue to dominate over the forecast period as well, accounting for nearly 44% share by 2021 end. Asia Pacific is likely to expand at a significant CAGR of 13.4%, whereas MEA is projected for the fastest CAGR over 2016-2021.

Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-113

Product Innovation Is on the Paramount for Key Players

Some of the most prominent players in the global residential robotic vacuum cleaners, include Yujin Robot, Co., Ltd., Neato Robotics, Inc., Ecovacs Robotics, Inc., Robot Corporation, Samsung Electronics Co., Ltd., Dyson Inc., Hayward Industries, Inc., Philips Electronics N.V, Milagrow Business & Knowledge Solutions (Pvt.) Limited, and Pentair plc. Recently in 2015, iRobot Corporation introduced a robotic vacuum cleaner (Roomba 980) with in-built adaptive navigation, visual localisation, and connected app control. It is designed for enhanced efficiency on carpets. A majority of leading companies are increasingly concentrating on R&D of unconventional products in order to gain a competitive edge.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Press: press@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Residential Robotic Vacuum Cleaner Market Poised to Rake US$ 2.4 Bn by 2021 here

News-ID: 475409 • Views: 310

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for Robot

Global Humanoid Robot Market
Global Humanoid Robot Market was valued US$ 624.2 Mn in 2017 and is estimated to reach US$ 5, 455 Mn by 2026 at a CAGR of about 52.32% during a forecast period. Global humanoid robot market is segmented into the component, motion type, application, and region. On the basis of the component, a market is divided into hardware and software. based on motion type, the market is segmented into biped, wheel
Global Robot Vacuums Market Research
Global Robot Vacuums Market Research in addition, rising interest for automated vacuum cleaners can be ascribed to expanding center around accommodation and the travel industry areas, particularly in creating nations, combined with expanding tendency towards tidiness and cleanliness in the private segment inferable from less time accessibility for family unit errands because of busier ways of life Get sample copy of report: https://www.marketdensity.com/contact?ref=Sample&reportid=6220 Table of Contents 1 Robot Vacuums Market Overview 1.1 Product Overview
India’s first banking robot
Taking a cue from a Japanese bank – Bank of Tokyo-Mitsubishi UFJ – Indian banks plan to use robots with artificial intelligence. Kumbakonam-based City Union Bank launched India’s first robot on-site assistant, known as Lakshmi. The robot imitates human action, thereby reducing the response time to customers by up to 60% and improving accuracy tremendously. The bank became the first to deploy robots that can perform repetitive, high volume and time-consuming
Humanoid Robot Market 2017 Research & Development
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD) , market share and growth rate of Humanoid Robot in these regions, from 2012 to 2022 (forecast) , covering United States EU China Japan South Korea Taiwan For more information about this report at http://www.reportsweb.com/2012-2022-report-on-global-humanoid-robot-market-competition-status-and-forecast-market-size-by-players-regions-type-application Global Humanoid Robot market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including Kawada (Japan) (HRP-4) Honda (Japan)
Europe Cleaning Robot Market Report 2016
This report studies sales (consumption) of Cleaning Robot in Europe market, especially in Germany, UK, France, Russia, Italy, Benelux and Spain, focuses on top players in these countries, with sales, price, revenue and market share for each player in these Countries, covering Dyson Ltd. Ecovacs Robotics, Inc. Infinuvo iRobot Corporation Koninklijke Philips N.V. LG Electronics, Inc. Neato Robotics, Inc. Samsung Electronics Co., Ltd. Market Segment by Countries, this report splits Europe into several key Countries, with sales (consumption), revenue,
Robot Technology in the Ascendant
Multi Talent PARO® Juggles with Balls At the shared booth of the Ministry of Economic Affairs and Energy of the State of North Rhine-Westphalia, the PARO® palletising robot demonstrated its skills and flexibility when handling unusual package types: In addition to boxes, also balls were palletised in Hannover this year. The PARO® robot, originally designed for palletising processes at the end of production lines, placed balls onto an air stream at the