Overview and Scope
Robotic vacuum cleaners or robovac are home appliances, designed to clean our homes autonomously without human intervention. They are fully automated and artificial intelligence-powered by various sensors and scheduling programs. It can clean floors, windows, pools, and gardens efficiently without any human effort.
Sizing and Forecast
The robotic vacuum cleaners market size has grown rapidly in recent years. It will grow from $7.97 billion in 2023 to $9.53 billion in 2024 at a compound annual growth rate (CAGR) of 19.6%. The growth in the historic period can be attributed to changing lifestyles and time constraints, awareness and acceptance, urbanization and smaller living spaces, aging population and physical limitations, innovations in household technology.
The robotic vacuum cleaners market size is expected to see rapid growth in the next few years. It will grow to $17.02 billion in 2028 at a compound annual growth rate (CAGR) of 15.6%. The growth in the forecast period can be attributed to smart home integration, enhanced cleaning performance, affordability and market accessibility, customization and personalization, eco-friendly and energy efficiency. Major trends in the forecast period include multi-room mapping and navigation, advanced sensing technologies, longer battery life and fast charging, customization and personalization features, sustainability and eco-friendly design.
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Segmentation & Regional Insights
The robotic vacuum cleaners market covered in this report is segmented –
1) By Type: Robotic Floor Vacuum Cleaner , Robotic Pool Vacuum Cleaner
2) By Type Of Charging: Automatic Charging, Manual Charging
3) By End-Users: Residential, Commercial
Top 5 Major Players:
- Samsung Electronics Co. Ltd.,
- Metapo Inc.,
- Robert Bosch GmbH,
- LG Electronics Inc.,
- Panasonic Corporation
Asia-Pacific was the largest region in the robotic vacuum cleaners market in 2023. Western Europe was the second-largest region in the global robotic vacuum cleaners market share. The regions covered in the robotic vacuum cleaners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Rising investments in developing new technologies in robotic vacuum cleaners are contributing to the growth of the robotic vacuum cleaners market. The rising investments for innovations in hardware and software technologies, such as sensors and decision-making capabilities help robotic vacuum cleaners in doing household tasks and also help consumers to save time thereby attracting the customers to purchase robotic vacuum cleaners for household chores. For instance, in January 2023, LionsBot International Pte Ltd, a Singapore based smart robotics company got invested with $7 million for developing cleaning robots for commercial applications by TransLink Capital a US-based venture capital firm. Rising investments and support from the government thereby contribute to the growth of the robotic vacuum cleaners market.
Key Industry Players
Major companies operating in the robotic vacuum cleaners market report are Samsung Electronics Co. Ltd., Metapo Inc., Robert Bosch GmbH, LG Electronics Inc., Panasonic Corporation, Haier Electronics Group Co. Ltd., Sharp Corporation, Koninklijke Philips N.V., AB Electrolux, Groupe SEB Deutschland GmbH, Dyson Ltd., Miele & Cie. KG, Pentair plc, Vorwerk & Co. KG, SharkNinja Operating LLC, Karcher Cleaning Systems Pvt. Ltd., Maytronics Ltd., ECOVACS Robotics Co. Ltd., Hayward Industries Inc., iRobot Corporation, Bissell Inc., Taurus Group BV, Yujin Robots Co. Ltd., Neato Robotics Inc., ILIFE Robotics Technology Co. Ltd., bObsweep Inc., Kevac SRL, Cecotec Innovaciones S.L., Mamibot Manufacturing USA Inc., Matsutek Enterprises Co. Ltd.
The robotic vacuum cleaners market report table of contents includes:
1. Executive Summary
2. Robotic Vacuum Cleaners Market Characteristics
3. Robotic Vacuum Cleaners Market Trends And Strategies
4. Robotic Vacuum Cleaners Market – Macro Economic Scenario
5. Global Robotic Vacuum Cleaners Market Size and Growth
….
32. Global Robotic Vacuum Cleaners Market Competitive Benchmarking
33. Global Robotic Vacuum Cleaners Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Robotic Vacuum Cleaners Market
35. Robotic Vacuum Cleaners Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Robotic Vacuum Cleaners Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Robotic Vacuum Cleaners Market, Segmentation By Type Of Charging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Robotic Vacuum Cleaners Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: Samsung Electronics Co. Ltd. Financial Performance
Table 75: Metapo Inc. Financial Performance
Table 76: Robert Bosch GmbH Financial Performance
Table 77: LG Electronics Inc. Financial Performance
Table 78: Panasonic Corporation Financial Performance
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