Global Robotic Vacuum Cleaner Market Worth US$ 3 Billion by 2021 - Says Beige Market Intelligence

NEW YORK, December 6, 2016 /PRNewswire/ --

A recent research report released by Beige Market Intelligence on "Global Robotic Vacuum Cleaner Market - Strategic Assessment and Forecast Till 2021" provides an in-depth analysis of the present scenario and growth aspect of worldwide robotic vacuum cleaner market till the year 2021. The report consists of 130 pages, 24 Key Sections, and 103 exhibits.  

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The global robotic vacuum cleaner market to grow with a CAGR closed to 11% in terms of revenue 

According to the analysts at Beige Market Intelligence, Robotic vacuum cleaners are increasingly marking their presence among end-users worldwide. The penetration of these automated equipment is increasing rapidly in the overall vacuum cleaner market across the world. While the worldwide vacuum cleaner market is expected to grow at a sluggish CAGR of 4%−5%, the robotic vacuum cleaner market is likely to register a CAGR of over 11% in terms of revenue during 2015−2021.

The robotic vacuum cleaners market is segmented into the following two broad categories:

• Floor care
• Pool care

In 2015, the floor care robotic vacuum cleaners dominated the market and will continue to dominate the market during the forecast period. The market for floor care robotic vacuum cleaners witnessed the demand for close to 4 million units in 2015, which is expected to grow to cross 7.7 million by 2021, growing at a CAGR of over 12% in volume terms during 2015−2021.

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Average selling price of robotic vacuum cleaner to remain stagnant during the forecast period 

The average selling price of robotic vacuum cleaner is likely to be stagnant during the forecast period. Pool care robotic vacuum cleaner is likely to see marginal dip in APAC, Middle-East, Africa, and Latin America. Whereas in Europe and North America, the price will remain stagnant.

Many vendors are expected to enter the global robotic vacuum cleaner market during the forecast period 

As robotic vacuum cleaners present a lucrative market revenue growth potential, many vendors are expected to enter the market till 2021. This will make the market highly consolidated. It can be said that Chinese manufacturers are likely to expand their presence in Europe and North America, and this can lead to a price war among vendors and low-quality products being manufactured. This market research report provides a detail strategy of the major manufacturers of robotic vacuum cleaners.

The major vendors mentioned in this market research report are

• Aqua Products
• ECOVACS ROBOTICS
• iRobot
• Maytronics Group

The emerging vendors included in the report are De'Longhi, Dyson, Groupe SEB, Hanool Robotics, Hayward Industries, Hitachi, Hoover, LG, Mamirobot, Matsutek Enterprise, Metapo, Miele, Neato Robotics, Moneual, Panasonic, Pentair, Philips, Samsung, Sharp, Taurus, Toshiba Lifestyle Products, Vorwerk, Yujin Robot and Zodiac.

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China to remain the largest market for floor care robotic vacuum cleaners 

The research report provides a detailed analysis of the competitive landscape of major regions such as APAC, Europe, North America and Rest Of the World. The robotic vacuum cleaner market witnessed a tremendous rise in the demand for robotic vacuum cleaners in APAC and the US. APAC alone witnessed sales of robotic vacuum cleaners up by 230 thousand units from 2013 to 2014. China, for example, saw a growth of more than 34.5% in the demand for robotic vacuum cleaners in 2014.  

The research report provided a detailed market segmentation such as:

• By Product (Floor Care, Pool Care)
• By Distribution Channels (Online, Retail, Specialty Stores, Supermarkets and Hypermarkets)
• By Geography (APAC, Europe, North America, ROW)
• By Country (Canada, China, Egypt, France, Germany, Japan, Mexico, South Korea, US)

Browse 100+ market exhibits and figures spread through 130+ Pages and in-depth TOC on "Global Robotic Vacuum Cleaner".

http://www.beigemarketintelligence.com/reports/research-report-consumer-and-retail-market/robotic-vacuum-cleaner-market-research-report/

In case you need a report on a market in specific country or geography, please contact [email protected] with your requirement and our research team will be glad to create a customized report for you.

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About Beige Market Intelligence

Beige Market Intelligence is new-age provider of competitive business intelligence, working across various industry verticals. Our expertise and knowledge ensures that the market analysis Beige provides is comprehensive, detailed and complete. The analysis helps our client organizations become aware and make educated decisions, as far as investing or devising a marketing strategy is concerned. The actionable insights delivered through our market research provide a comprehensive market analysis for every level of market segmentation in an industry. Beige Market Intelligence is a quality driven high end Market Research organization. Our team of experts ensure the analysis you receive is not just analysed and smartly presented, but is completely customized based on the client's requirement. Our deliverables guarantee our current global client base does not look beyond Beige when it comes to any kind of industry and market analysis.

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SOURCE Beige Market Intelligence LLP