Dublin, July 07, 2023 (GLOBE NEWSWIRE) -- The "Global Robotic Vacuum Cleaner Market" report has been added to ResearchAndMarkets.com's offering.
The global robotic vacuum cleaner market is expected to record a value of US$13.86 billion by 2027, witnessing growth at a CAGR of 23.18%, over the period 2023-2027.
Growth in the robotic vacuum cleaner market has accrued due to an upsurge in working population, surging adoption in hospitality sector, escalating introduction of industrial robots, rising income levels and increasing geriatric population.
However, the growth of the market would be challenged by high initial cost and cost of maintenance of the products, concerns regarding high power consumption & shorter operational period and availability of counterfeit products. A few notable trends may include accelerating development of smart cities, booming digitalization and growing penetration of smart home appliances.
The global robotic vacuum cleaner market has been segmented on the basis of type, mode of charging, application and end-user. According to type, the market can be bifurcated into cleaning robots, mopping robots and hybrid robots.
On the basis of mode of operation, the global robotic vacuum cleaner market can be split into automatic charging and manual charging. Whereas, in terms of application, the market can be categorized into floor, pool and window. Further, the market is divided into residential and commercial, on the basis of end-users.
The fastest growing regional market is Asia due to the increasing the tech-savvy population, growing inclination of people towards automation, owing to the growing popularity of smart homes and smart appliances and presence of the leading market players in the region.
Companies Mentioned
- Samsung Electronics Co., Ltd.
- Xiaomi Corporation
- Ecovacs Robotics Co., Ltd.
- iRobot Corporation
- Beijing Roborock Technology Co., Ltd.
- Neato Robotics, Inc.
Scope of the report:
- The report provides a comprehensive analysis of the global robotic vacuum cleaner market segmented on the basis of type, mode of charging, application, end-user and region with potential impact of COVID-19.
- The major regional and country markets (Asia, North America, Europe, Latin America, Middle East & Africa) have been analyzed.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 92 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $6.02 Billion |
| Forecasted Market Value (USD) by 2027 | $13.86 Billion |
| Compound Annual Growth Rate | 23.1% |
| Regions Covered | Global |
Key Topics Covered:
1. Market Overview
2. Impact of COVID-19
3. Global Market Analysis
3.1 Global Robotic Vacuum Cleaner Market by Value
3.2 Global Robotic Vacuum Cleaner Market Forecast by Value
3.3 Global Robotic Vacuum Cleaner Market by Type
3.3.1 Global Cleaning Robotic Vacuums Market by Value
3.3.2 Global Cleaning Robotic Vacuums Market Forecast by Value
3.3.3 Global Mopping Robotic Vacuums Market by Value
3.3.4 Global Mopping Robotic Vacuums Market Forecast by Value
3.3.5 Global Hybrid Robotic Vacuums Market by Value
3.3.6 Global Hybrid Robotic Vacuums Market Forecast by Value
3.4 Global Robotic Vacuum Cleaner Market by Mode of Charging
3.4.1 Global Robotic Vacuum Cleaner Mode of Charging Market by Value
3.4.2 Global Robotic Vacuum Cleaner Mode of Charging Market Forecast by Value
3.5 Global Robotic Vacuum Cleaner Market by Application
3.5.1 Global Robotic Vacuum Cleaner Application Market by Value
3.5.2 Global Robotic Vacuum Cleaner Application Market Forecast by Value
3.6 Global Robotic Vacuum Cleaner Market by End-Users
3.6.1 Global Robotic Vacuum Cleaner End-User Market by Value
3.6.2 Global Robotic Vacuum Cleaner End-User Market Forecast by Value
3.7 Global Robotic Vacuum Cleaner Market by Region
3.8 Global Robotic Vacuum Cleaner Market Forecast by Volume
3.9 Global Robotic Vacuum Cleaner Market Volume by Country
4. Regional Market Analysis
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Upsurge in the Working Population
5.1.2 Surging Adoption in Hospitality Sector
5.1.3 Escalating Introduction of Industrial Robots
5.1.4 Rising Income Levels
5.1.5 Increasing Geriatric Population
5.2 Key Trends and Developments
5.2.1 Accelerating Development of Smart Cities
5.2.2 Booming Digitalization
5.2.3 Growing Penetration of Smart Home Appliances
5.2.4 Inclusion of Air Filters in Robotic Vacuum Cleaners
5.3 Challenges
5.3.1 High Initial Cost and Cost of Maintenance of the Product
5.3.2 Concerns regarding High Power Consumption & Shorter Operational Period
5.3.3 Availability of Counterfeit Products
6. Competitive Landscape
6.1 Global Market
6.1.1 Global Robotic Vacuum Cleaner Market Share by Key Players
6.2 Asia-Pacific Market
6.2.1 China RVC Market by Key Players
6.2.2 Japan RVC Market Share by Key Players
6.3 North America Market
6.3.1 North America Robotic Vacuum Cleaner Market Share by Key Players
6.4 Europe, Middle East & Africa Market
6.4.1 Europe, Middle East & Africa Robotic Vacuum Cleaner Market Share by Key Players
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/nzj3c5
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