NEW YORK, June 5, 2024 /PRNewswire/ -- The global residential robotic vacuum cleaner market size is estimated to grow by USD 13.31 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 30.44% during the forecast period.
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Residential Robotic Vacuum Cleaner Market Scope |
|
Report Coverage |
Details |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 30.44% |
Market growth 2024-2028 |
USD 13313.9 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
22.4 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 40% |
Key countries |
US, China, Japan, Germany, and UK |
Key companies profiled |
AirCraft Home Ltd., Dyson Group Co., Ecovacs Robotics Co. Ltd., Electrolux AB, Hayward Holdings Inc., ILIFE, Irobot Corp., Koninklijke Philips N.V., LG Electronics Inc., Mamibot Manufacturing USA Inc., Matsutek Enterprises Co. Ltd., Maytronics Ltd., Miele and Cie. KG, Milagrow Humantech, Panasonic Holdings Corp., Pentair Plc, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., and Vorwerk Deutschland Stiftung and Co. KG |
Market Driver
The residential robotic vacuum cleaner market is experiencing growth due to advanced product introductions. Features like programming schedules, auto charging, 360-degree cameras, artificial intelligence, and stair climbing ability enhance functionality. Additional accessories such as UV sterilization and security cameras expand capabilities. Remote control and smart building integration increase convenience.
Emerging technologies like threshold climbing and ultra-slim designs further improve durability and quality. In 2023, Dyson and Samsung launched advanced robots with superior suction and AI recognition, driving market growth.
The residential robotic vacuum cleaner market is experiencing significant growth with various companies introducing innovative products. These vacuum cleaners use advanced technologies like voice recognition, mapping, and object detection. They are designed to clean different floor types, including hardwood and carpets.
The market is also witnessing the integration of self-charging and scheduling features, making vacuuming more convenient for homeowners. Additionally, the market is seeing an increase in demand for vacuum cleaners with high suction power and long battery life. Overall, the residential robotic vacuum cleaner market is trending towards smarter, more efficient, and more convenient cleaning solutions.
Market Challenges
- The residential robotic vacuum cleaner market has seen significant growth due to the convenience and effectiveness of these devices. High-end models offer advanced features such as powerful motors for deeper cleaning and premium build quality, contributing to their higher price points. Brands with reputations for quality and innovation also command premium prices. These factors may limit market expansion during the forecast period.
- The Residential Robotic Vacuum Cleaner market faces several challenges. Compatibility with various home floor types, such as hardwood, tile, and carpet, is essential. Connectivity and integration with home automation systems are becoming increasingly important. Battery life and charging efficiency are key concerns for consumers.
- The cost of these devices remains a significant barrier for some potential buyers. Consumer education and awareness about the benefits of robotic vacuum cleaners are also important challenges. Competition from traditional vacuum cleaner brands and other home appliance manufacturers is intense.
- Additionally, ensuring reliable and consistent performance in different environments is a challenge. Finally, ensuring user-friendly design and ease of use is crucial to attract and retain customers.
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Segment Overview
- Charging
- 1.1 Manual charging
- 1.2 Automatic charging
- Product
- 2.1 Robot vacuum cleaner only
- 2.2 Robot vacuum cleaner and mop
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and Africa
- 3.5 South America
1.1 Manual charging- The residential robotic vacuum cleaner market has seen significant growth due to the popularity of manual charging models. These devices offer ease of use and affordability, making them a preferred choice for consumers. Equipped with features like navigation, remote control, obstacle memory, and room mapping, manual charging robots are increasingly adopted in developing countries in APAC and South America. The increasing demand for these vacuum cleaners presents opportunities for new players to enter the market, driving its expansion during the forecast period.
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Research Analysis
In the rapidly evolving market of smart household appliances, the residential robotic vacuum cleaner segment is experiencing significant growth. Driven by changing lifestyles, increasing disposable income, and a rising working population in urban residential settings, the demand for these devices is on the rise. These advanced vacuum cleaners, equipped with artificial intelligence and machine learning capabilities, offer smart features such as Wi-Fi connectivity, voice assistance through Google Voice Assistant, and improved ease of use.
The emergence of eCommerce platforms in emerging economies has made these high-cost, smart products more accessible to consumers. Hygiene and cleanliness remain top priorities in both residential and commercial areas, making robotic vacuum cleaners an attractive solution for managing household chores.
Market Research Overview
The Residential Robotic Vacuum Cleaner market represents the segment of automated vacuum cleaning solutions designed for household use. These devices utilize advanced technologies such as LiDAR navigation, computer vision, and machine learning algorithms to efficiently clean floors. They are equipped with features like automatic charging, scheduling, and remote control for added convenience.
The market is driven by factors like increasing disposable income, urbanization, and the growing preference for smart home solutions. Additionally, the ongoing development in AI and IoT technologies is expected to further boost market growth. The residential robotic vacuum cleaner market caters to various floor types, including hardwood, tile, and carpet, ensuring comprehensive cleaning solutions for homeowners.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Charging
- Manual Charging
- Automatic Charging
- Product
- Robot Vacuum Cleaner Only
- Robot Vacuum Cleaner And Mop
- Geography
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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