Residential Robotic Vacuum Cleaner Market Analysis Global Size, Share, Growth, Industry Demand and Forecast to 2022

MarketResearchNest.com adds “Global Residential Robotic Vacuum Cleaner Market 2017-2021” new report to its research database. The report spread across 95 pages with table and figures in it.
Research analysts forecast the global residential robotic vacuum cleaner market to grow at a CAGR of 15.23% during the period 2017-2021.

About Residential Robotic Vacuum Cleaner
Residential robotic vacuum cleaners are the robots that perform cleaning tasks by using suction power and brushes. They are capable of cleaning floors, wall corners, and can also mop the floor. As there has been an increase in the sales of robotic vacuum cleaners globally, and vendors are initiating innovations to increase the reliability, productivity, and performance of the product, this market holds a significant share in the parent market. Residential robotic vacuum cleaners can be used to clean floors, pool, gutters, windows, and lawns. However, in the scope of this report, we have considered only residential robotic vacuum cleaners that are used to clean floors. Therefore, from the perspective of market sizing, the scope of the market is defined by various inclusions and exclusions that have been considered as described in the table below.

Covered in this report
The report covers the present scenario and the growth prospects of the global residential robotic vacuum cleaner market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of residential robotic vacuum cleaner.

Browse full table of contents and data tables at https://www.marketresearchnest.com/global-residential-robotic-vacuum-cleaner-market-2017-2021.html

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Residential Robotic Vacuum Cleaner Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio recognizes the following companies as the key players in the global residential robotic vacuum cleaner market: Dyson, ILIFE, iRobot, Neato Robotics, and Samsung Electronics

Other Prominent Vendors in the market are: ECOVACS, Hanool Robotics, Pentair Philips, and Yujin Robot.

Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is Additional features in robot vacuum cleaners. As the popularity of robot vacuum cleaners is increasing, vendors are focusing on developing advanced and innovative products to enhance flexibility and improve connectivity with the integration of the cloud, automation, and IoT.

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According to the report, one of the major drivers for this market is Busy lifestyles in urban areas. Urban consumers have busy lifestyles and prefer to increase their involvement in social and professional activities. In addition, a high level of education and opportunities have inclined people toward technical jobs, thus impacting the availability of workforce for household chores. To overcome these challenges, consumers prefer to buy automated solutions for cleaning purposes, which is driving the demand for residential robotic vacuum cleaners.

Further, the report states that one of the major factors hindering the growth of this market is Emergence of low-cost vendors. The global residential robotic cleaner market is highly fragmented due to the presence of a number of vendors across different regions. High-performing residential robotic vacuum cleaners that have additional functionalities of room mapping; connecting with mobile applications for remote control; or integration with cloud or smart building automation are considerably expensive. Therefore, several new vendors are pricing their products competitively to position them in the market on the basis of economies of scale despite the increased cost of raw materials.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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