Feb 23, 2023

English - UK

Pramod Pawar

12.84% CAGR for Robot Cleaner Market to Gain USD 15.19 billion by 2033

Market Overview

The global robot cleaner market is expected to experience a significant surge in the coming years, driven by the growing demand for automated home cleaning solutions. The increasing consumer preference for advanced technology products, such as robotic vacuum cleaners, mopping robots and window cleaning robots are some of the key growth drivers that will fuel the expansion of this market. Furthermore, rapid advancements in automation technology and AI-driven algorithms have enabled companies to provide more efficient robotic cleaning solutions.

Market.us's latest findings suggest that the Robot Cleaner Market will generate approximately USD 4.54 billion in revenue by the end of 2023. In the long run, the market is forecasted to expand to approximately USD 15.19 billion by 2033, at a CAGR of 12.84%.

The widespread adoption of smart homes and connected products has also led to rising demand for robot cleaner products across various end user segments. Growing awareness regarding health and hygiene has further propelled the need for automated household cleaning devices, which is likely to create lucrative opportunities for vendors operating in this market.

Demand and Key Trends

The increasing demand for robot cleaners is driven by the need for time-saving solutions that offer convenience and efficiency. Other key trends include:

  • The growing popularity of smart homes and home automation
  • Increasing use of advanced technologies such as artificial intelligence and machine learning
  • Growing demand for IoT-enabled cleaning solutions

Key Takeaways

  • The robot cleaner market is expected to witness significant growth during the forecast period, with a CAGR of around 12%.
  • The market is being driven by the increasing adoption of home automation and smart home devices.
  • The Asia-Pacific region is expected to witness the highest growth rate during the forecast period, with China and Japan leading the market.

Identify key segments and regions in the market. Download Sample Report @  https://market.us/report/robot-cleaner-market/request-sample/

Figure

Regional Snapshot

  1. North America: The robot cleaner market in North America is expected to grow significantly in the coming years, with the United States being the largest market. This growth is driven by factors such as the increasing adoption of smart homes and the rising demand for time-saving household appliances.

  2. Europe: Europe is another key market for robot cleaners, with countries such as Germany, France, and the UK leading the way. The market in Europe is driven by factors such as the increasing adoption of automation technology and the growing trend of urbanization, which is leading to smaller living spaces and a greater need for compact home appliances.

  3. Asia-Pacific: The Asia-Pacific region is expected to see significant growth in the robot cleaner market in the coming years, with countries such as China, Japan, and South Korea being the major contributors. This growth is driven by factors such as the rising middle class and increasing disposable incomes, which are leading to greater spending on home appliances.

  4. Latin America: The robot cleaner market in Latin America is expected to grow steadily in the coming years, with Brazil and Mexico being the key markets. This growth is driven by factors such as increasing urbanization and the rising demand for smart homes and connected appliances.

  5. Middle East and Africa: The robot cleaner market in the Middle East and Africa is still in its early stages, but is expected to grow rapidly in the coming years. This growth is driven by factors such as the increasing adoption of automation technology and the rising demand for time-saving household appliances.

Market Dynamics

1. Drivers:

  • Increasing demand for automated cleaning solutions
  • The growing popularity of smart homes and home automation
  • Advancements in technology such as artificial intelligence and machine learning

2. Restraints:

  • High costs associated with advanced robot cleaners
  • Limited battery life and cleaning capacity of some models

3. Opportunities:

  • Growing demand for robot cleaners in emerging markets
  • Increasing demand for IoT-enabled cleaning solutions

4. Challenges:

  • High competition in the market, with a large number of players vying for market share
  • Need for continuous innovation to keep up with changing customer demands

Interested to Procure the Data? Inquire here at https://market.us/report/robot-cleaner-market/#inquiry 

Recent Developments

  • In 2021, iRobot Corporation, a leading player in the robot cleaner market, announced the launch of a new range of robot cleaners, including the Roomba j7+, which uses advanced sensors to detect and avoid obstacles and can be controlled via a smartphone app.
  • Ecovacs Robotics, another major player in the market, introduced the Deebot N8 Pro+, a robot cleaner with advanced features such as 3D mapping, object recognition, and obstacle avoidance.
  • Samsung Electronics, a leading consumer electronics company, launched the JetBot 90 AI+, which uses advanced artificial intelligence and object recognition technology to navigate and clean various surfaces.

Market Segmentation

By Product type, the market is primarily divided into:

  • Single function
  • Multifunction

By application, the market is primarily divided into:

  • Household
  • Industrial
  • Commercial

Top: Biggest Companies in Robot Cleaner market

  • IRobot
  • Samsung
  • LG
  • Sharp
  • Ecovacs
  • Matsutek
  • Yujin Robot
  • Mamirobot
  • Infinuvo(Metapo)
  • Neato Robotics

Read the Detailed Index of full Study at: https://market.us/report/robot-cleaner-market/ 

Frequently Asked Questions (FAQs)

1. What types of surfaces can robot cleaners clean?

Robot cleaners can clean various surfaces, including carpets, hardwood floors, and tiles.

2. How do robot cleaners navigate and clean surfaces?

Robot cleaners use advanced sensors and artificial intelligence to navigate and clean various surfaces.

3. Are robot cleaners expensive?

Robot cleaners can vary in price, with some models being relatively affordable and others being more expensive.

4. Can robot cleaners replace human cleaners?

Robot cleaners are designed to assist with cleaning tasks, but they may not be able to replace human cleaners entirely.

Report Scope

Report Attribute

Details

The market size value in 2023

USD 4.54 billion

Revenue forecast by 2033

USD 15.19 billion

Growth Rate

CAGR Of 12.84%

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of the World

Historical Years

2017-2022

Base Year

2022

Estimated Year

2023

Short-Term Projection Year

2028

Long-Term Projected Year

2032

Communication contact:

Contact Person: Mr. Lawrence John

Global Business Development Team - Market.us

Market.us (Powered By Prudour Pvt. Ltd.)

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For more information, please contact:

Author

Prudour Private Limited



Email:

Pramod@market.biz

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