Residential Robotic Vacuum Cleaner Market Size will Grow Profitably in the Near Future

According to the latest market report published by Persistence Market Research, titled “Global Market Study on Residential Robotic Vacuum Cleaner: Europe to Be the Most Lucrative Region throughout the Forecast Period”, the residential robotic vacuum cleaner market is estimated to be valued at US$ 1,255.0 Mn by the end of 2015 and is anticipated to expand at a CAGR of 12.0% from 2015 to 2021 in terms of value, to account for US$ 2,475.0 Mn by 2021.

Robotic vacuum cleaners commonly called robovacs, are mainly used for cleaning residential spaces, such as floors, pools, and gutters. The device comprises a mobile base, cleaning system, programming software, batteries, and other accessories. Robovacs use intelligent sensors to clean tight corners and hard-to-reach surfaces. It is equipped with various advanced features such as laser vision, room mapping, self-charging and others to offer convenience to users.

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The global residential robotic vacuum cleaner market is expected to witness significant growth during the forecast (2015–2021). Various factors such as growing demand for automated cleaning, increasing consumer inclination towards various types of cleaning products and rising disposable income. Trends that follow with the growth of residential robotic vacuum cleaner market include growing product innovation, increasing R&D expenditure by key market players and growing number of market players. In terms of value, the global residential robotic vacuum cleaner market is expected to expand at a CAGR of 12.0% from 2015 to 2021, to be valued at US$ 2,475.0 Mn by 2021. In terms of volume, production of residential robotic vacuum cleaner is expected to be 1,913.5 thousand units by the end of 2015 and is expected to reach 4,783.0 thousand units by 2021, exhibiting a CAGR of 16.5%.

Robotic vacuum cleaner commonly called robovacs, are mainly used for cleaning residential spaces such as floors, pools, and gutters. It comprises a mobile base, cleaning system, programming software, batteries, and other accessories. Robovacs use intelligent sensors to clean tight corners and hard-to-reach surfaces. They are equipped with various advanced features such as laser vision, room mapping, self-charging and others to offer convenience to users.

The residential robotic vacuum cleaner market is expected to witness significant growth over the next few years, due to growing demand for automated cleaning, growing disposable income and increasing the inclination of consumers towards various cleaning products. The residential robotic vacuum cleaner market is segmented into robot type, mode of charging and region.

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In terms of value, the global residential robotic vacuum cleaner market is anticipated to expand at a CAGR of 12.0% during the forecast period (2015-2021) to be valued at US$ 2,475.0 Mn by 2021. The global residential robotic vacuum cleaner market was valued at US$ 969.0 Mn in 2014. In terms of volume, the global residential robotic vacuum cleaner accounted for 1,429.7 thousand units in 2014.

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