The Global Robot Vacuum Cleaners Market is subject to witness substantial growth due to the recent developments, innovations, and improved efficiency in domestic as well as commercial cleaning services. Additionally, factors responsible for robust growth in the robot vacuum market are growing demand for better hygiene in both residential and commercial applications and increasing need for cost-effective cleaning services. Introduction of automated and programmable vacuum cleaner robot has led to development of work-efficient services, thereby propelling market growth, in the recent years.
Robotic vacuum cleaners allow reduction in required the work force, and provide efficient cleaning for domestic as well as industrial environment and warehouses. Globally, the robot vacuum cleaner market is predicted to grow at a higher CAGR over the forecast period, providing numerous opportunities for market players to invest in research and development of the robot vacuum cleaners market.
In addition, rising focus toward adoption of less time consuming automatic devices for various household activities are expected to drive the growth of robot vacuum market in the upcoming period. Rise in reimbursement of domestic workers is anticipated foster industry growth over the forecast period.
The recent technological advancements and development of the novel products & technologies such as touch control and voice recognition systems in order to enhance user experience are also expected to fuel revenue growth in the upcoming years. Moreover, shifting trends towards adoption of automated and intelligent vacuum cleaners is positively impacting market growth, in the last few years. Other factors such as cost effectiveness and time saving capabilities of robot vacuum cleaner are predicted to drive the growth of robot vacuum cleaner market over the forecast period.
The robot vacuum cleaners have capability to work on the highly tight corners. The robot vacuum cleaners are used in the applications involving mopping and sterilization applications. Development of devices consisting of highly advanced integrated security feature like intruder detection and fire alert system, thereby driving market growth over the specified period of time.
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Introduction of lightweight and small-sized of vacuum cleaners that allows easy portability and easy to use are capable of performing tasks such as daily floor mopping and cleaning. Additionally, advanced set of designs consisting of spinning brushes to reach and clean tight corners are expected to boost market demand for robot vacuum cleaners in the upcoming years. Development of latest features such as mopping and ultra-violet sterilization are estimated to expand overall market reach.
The robot vacuum cleaner market is broadly categorized into two major types based on end-user requirements such as residential vacuum cleaner and commercial vacuum cleaner. The residential vacuum cleaner is considered as one of the fastest growing segment in the robot vacuum cleaner market with substantial revenue generation in the last couple of years. Additionally, rise in the personal disposable income is also predicted to boost the growth of residential vacuum cleaner market segment, over the forecast period.
The robot vacuum cleaners market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America and European region have shown major growth in recent years owing to the rise in the implementation of latest technologies such as digitalization & automation, decreasing time for household activity and existence of well-established market players in the region.
Asia-Pacific region is predicted to hold major market share in the robot vacuum cleaners market with massive growth in forecast period. Countries such as South Korea, China and Japan are leading the Asia-Pacific market with rising concerns regarding hygiene among general population, increasing personal disposable income, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the robot vacuum cleaners market are Milagrow Business and Knowledge Solutions, Koninklijke Philips N.V., LG Electronics Inc., Samsung, Inc., The Joes Homecare Ltd., AOFC Adibot Co., iRobot Co., Infinuvo, O-Cedar Co., Rotech, Inc., iClebo Co., iTouchless Housewares & Products, Inc., and Moneual.
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