Robotic Vacuum Cleaner Market to Grow to 24.4% CAGR and

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Pune, India, July 13, 2021 (GLOBE NEWSWIRE) – The world Robotic vacuum cleaner market The size is expected to reach $ 46.75 billion by 2027 due to the increasing adoption of automated products. According to a report published by Fortune Business Insights titled, Robotic Vacuum Cleaners Market Size, Share and COVID-19 Impact Analysis, By Type (Floor Vacuum, Window Vacuum, Pool Vacuum), By Application (Household & Commercial), By Mode Of Operation (Self-Driving) and remote), by distribution channel (online and offline), by price (below $ 150, $ 150-300, $ 300-500, above $ 500) and regional forecast, 2020-2027The value of this market was USD 8.19 billion in 2019. The market is expected to exhibit a CAGR of 24.4% CAGR during the forecast period set between 2020 and 2027.

The whole world is facing an unprecedented crisis in the form of the COVID-19 pandemic. Most businesses are temporarily unable to operate due to the imposition of the foreclosure by the governments of various countries. However, we hope to get out of this situation as soon as an antidote is invented to fight the new coronavirus.

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Highlights of the report:

The Robotic Vacuum Cleaners market report offers a comprehensive overview, primarily by focusing on the growth drivers, restraints, challenges, and upcoming opportunities. It also discusses major industry developments, current trends, and other interesting market information. The report also highlights the competition in the market and lists the names of the major players. The report is available for sale on the company’s website.

Regional analysis-
Asia-Pacific gained dominance with the launch of the latest innovations

Among all regions, Asia-Pacific generated revenue of $ 2.60 billion in 2019 and gained the largest robot vacuum market share. This is due to the continued launch of innovative technologies, especially from Japan, and the addition of new players in the regional robot vacuum market. On the other hand, the market in North America will show notable growth during the forecast years due to the increasing adoption of state-of-the-art vacuum cleaners by the residential sector. In addition, the European market will also generate significant revenue in the coming years due to the increasing popularity of cordless vacuum cleaners and their light weight.

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Conductors and restraints
Advent of intelligent software programming in vacuum cleaners to increase growth

Various factors are contributing to the growth of the global robotic vacuum cleaner market. These include the introduction of industrial robots, the growing popularity of robotic vacuum cleaners, and the growing demand from industries such as healthcare, automotive, manufacturing and others. Moreover, the introduction of the latest technology in vacuum cleaners, such as adjustable suction power, intelligent navigation system, intelligent software programming, etc., will also drive the market growth.

On the other hand, the high cost of installation and maintenance can be a major obstacle to the growth of the market. In addition, rough use of these machines minimizes the productivity and lifespan of the robot vacuum, thus hampering the growth of the market.

Segmentation-

The floor vacuum cleaner segment will become dominant thanks to its time saving function

Among all types of robotic vacuum cleaners, the floor vacuum cleaner segment dominated in 2019. This is due to the time savings and less operational complications associated with floor vacuum cleaners. However, the pool vacuum cleaner segment gained 21.3% share in 2019 and is expected to experience significant growth due to increasing demand from residential and commercial applications.

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Competitive landscape-

Introducing the Latest Products with Artificial Intelligence Technology – Key Player Goal

Currently, iRobots holds the lion’s share of the competition in the market. In 2018, this company sold 20 million units or more worldwide. The factors responsible for this successful income generation include additional categories such as lawn mowers, security systems and others in the household robot cleaner section. The other players are also investing heavily in order to stand out and gain a significant position in the competition.

Industry development

December 2019 – A new robot vacuum cleaner for floors and walls called DEEBOT Ozmo 920 has been launched by Ecovacs.

January 2019 – DEEBOT Ozmo 960, integrated with artificial intelligence, was launched by Ecovacs during the Consumer Electronics Show held in Las Vegas.

List of Companies Featured In Robotic Vacuum Cleaners Market Report:

  • ECOVACS (Suzhou, China)
  • Dyson Ltd. (Malmesbury, United Kingdom)
  • LG Electronics (Seoul, South Korea)
  • iRobot Corporation (Massachusetts, United States)
  • Proscenic (Zhengzhou, China)
  • Samsung Corporation (Seoul, South Korea)
  • Neato robotics (Newark, California)
  • Matsutek Enterprises Co. Ltd. (Taipei, Taiwan)
  • Robert Bosch GmbH (Gerlingen, Germany)
  • Koninklijke Philips NV (Amsterdam, Netherlands)
  • Bissell inc. (Grand Rapids, Michigan)
  • Panasonic Corporation (Osaka, Japan)
  • Sharp Corporation (Osaka, Japan)
  • Miele & Cie KG (Gütersloh, Germany)
  • Other

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Contents:

  • introduction
    • Definition, by segment
    • Research methodology / approach
    • Information source
  • summary
  • Market dynamics
    • Macro and micro economic indicators
    • Drivers, constraints, opportunities and trends
    • Impact of COVID-19
      • Short term impact
      • Long term impact
  • Competition landscape
    • Business strategies adopted by key players
    • Consolidated SWOT analysis of the main players
    • Porter’s Five Forces Analysis
    • Global Market Share Analysis and Matrix, 2019
  • Key market insight and analysis, by segment
  • Global Robotic Vacuum Cleaners Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
    • By type (value and volume)
      • Floor vacuum cleaner
      • Window vacuum cleaner
      • Pool vacuum cleaner
    • By application (value)
      • Housework
      • Commercial
        • Hospital
        • Desks
        • Airports
        • Others (Entertainment venues, etc.)
    • By operating mode (value)
    • By distribution channel (value)
    • By price (value)
      • Below 150 USD
      • 150 – 300 USD
      • 300 – 500 USD
      • Above 500 USD
    • By region (value)
      • North America
      • Europe
      • Asia Pacific
      • Middle East and Africa
      • Latin America
  • North America Robotic Vacuum Cleaners Market Size Estimates and Forecasts (Quantitative Data), by Segments, 2016-2027
    • By type (value and volume)
      • Floor vacuum
      • Window vacuum cleaner
      • Pool vacuum cleaner
    • By application (value)
      • Housework
      • Commercial
        • Hospital
        • Desks
        • Airports
        • Others (Entertainment venues, etc.)
    • By operating mode (value)
    • By distribution channel (value)
    • By price (value)
      • Below 150 USD
      • 150 – 300 USD
      • 300 – 500 USD
      • Above 500 USD
    • By country (value)

TOC Continued…!

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