The Robotic Vacuum Cleaners Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Robotic Vacuum Cleaners Global Market Report 2024, 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.
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.
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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
Companies are launching new products to increase their revenue and also for gaining a competitive edge over their rivals. For instance, in 2021, in the USA, iRobot Corporation, a leading advanced robotic vacuum technology company, launched Roomba j7+ Robot Vacuum to give customers more control over their cleaning with 3.0 home intelligence.
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
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26. South America Robotic Vacuum Cleaners Market
27. Brazil Robotic Vacuum Cleaners Market
28. Middle East Robotic Vacuum Cleaners Market
29. Africa Robotic Vacuum Cleaners Market
30. Robotic Vacuum Cleaners Market Competitive Landscape And Company Profiles
Top Major Players:
- Samsung Electronics Co. Ltd
- Metapo Inc
- Robert Bosch GmbH
- LG Electronics Inc
- Panasonic Corporation
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