The Household Robots Global Market Report 2023, provides comprehensive information on the household robots market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global household robots market size is expected to grow from $6.78 billion in 2022 to $8.12 billion in 2023 at a compound annual growth rate (CAGR) of 19.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global household robots market size is expected to reach $16.55 billion in 2027 at a CAGR of 19.5%.
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Technological advancements have emerged as the key trend gaining popularity in the household robot market. Major companies operating in the household robot market are developing innovative technologies to strengthen their position in the market. For instance, in March 2022, Ecovacs Robotics, a China-based top auto cleaning robots designer, launched DEEBOT X1 OMNI, an all-in-one vacuum and mopping robot, based on TrueMapping technology. Some of the unique features of the DEEBOT X1 Omni are the All-in-One OMNI Station, and the potent AIVI 3D. The DEEBOT X1 Omni is specifically designed to perform all-around cleaning to improve daily life.
The household robots market is segmented:
1) By Type: Domestic, Entertainment and Leisure
2) By Offering: Products, Services
3) By Application: Vacuuming, Lawn Mowing, Pool Cleaning, Companionship, Elderly Assistance and Handicap Assistance, Robot Toys and Hobby Systems, Other Applications
Asia-Pacific was the largest region in the household robots market in 2022.
The table of contents in TBRC’s household robots market report includes:
1. Executive Summary
2. Household Robots Market Characteristics
3. Household Robots Market Trends And Strategies
4. Household Robots Market – Macro Economic Scenario
5. Household Robots Market Size And Growth
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26. Africa Household Robots Market
27. Household Robots Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Household Robots Market
29. Household Robots Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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