Global Household Robots Market

Household Robots Market Size, Share, Growth Analysis, By Type (Domestic, Entertainment and Leisure), By Component, By Application, By Distribution Channel, By Region - Industry Forecast 2025-2032


Report ID: SQMIG45I2221 | Region: Global | Published Date: December, 2024
Pages: 199 | Tables: 113 | Figures: 78

Household Robots Market Dynamics

Household Robots Market Drivers

Growing Integration of Smart Home Systems

  • Smart robots are devised and coded to interact naturally with their habitats, this includes humans and pet animals. These technologies utilize modern advanced technologies such as artificial intelligence, machine learning, and natural language processing to obtain their knowledge and adapt to new tasks. Security systems and automation with the use of robotics is also used to increase the home security and have also become a part of the home automation and housework assisting operations.

Increasing Aging Population to Rise Demand for Robots

  • It has been projected that by the year 2030, more than 12% of the United States population will be aged 65 years and above. Aging comes with problems, and the technology of robots presents a way of providing help to the elderly. Human-sized mobile manipulators, most likely robots, can survive in the home setting and assist the aging population. The population of elderly people is expected to increase. The geriatric population may be unable at times to carry out their daily chores. Mobile manipulators help the elderly people in doing their daily chores, which will enable them to live in their homes.

Household Robots Market Restraints

Increasing Maintenance Expenses

  • The household robots market faces the restraint of high costs associated with purchasing and installing the robots and configuring. Further, operational, maintenance, and repair, and other expenses also hinder the growth of the market. Moreover, there is an increased cost of research and development expenses related to the household robots market. With the increasing capital employed in technology by various organizations, the use of artificial intelligence, Machine learning, and robotics has seen an increase.

Growing Concern of Using Robots

  • Many consumers are worried about using companion robots because research about their psychological effects is still being made. In addition, robot vacuums are less effective than regular vacuums and human cleaning tools. Robots still hit a barrier when it comes to perceiving an unstructured social context. Thus, these restrictions hinder the market expansion of household robots.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Household Robots Market size was valued at USD 12.18 Billion in 2023 and is poised to grow from USD 14.53 Billion in 2024 to USD 50.05 Billion by 2032, growing at a CAGR of 19.32% during the forecast period (2025-2032).

The competitive dynamics of the Household Robots market is characterized by a combination of established market leaders and innovative newcomers. Large companies benefit from strong resources and capitalize on their market presence to advance technology and expand the scope of offered products. In their turn, small firms concentrate on narrow market segments and potentially disruptive technologies. Overall, such a variation in market players’ size promotes healthy competition that furthers product improvement and innovation. Increasing emphasis is being placed on numerous partnerships and alliances within the market. Overall, the Household Robots market may be described as a somewhat fragmented sector that is characterized by high innovativeness and rapid adoption. As the market continues developing, for companies to succeed they need to have a thorough understanding of emerging consumer preferences and industry trends. 'iRobot Corporation (US) ', 'Ecovacs Robotics Co., Ltd. (China) ', 'Xiaomi Corporation (China) ', 'Maytronics, Ltd. (Israel) ', 'Samsung Electronics Co., Ltd. (South Korea) ', 'Neato Robotics, Inc. (US) ', 'Dyson Limited (Singapore) ', 'LG Electronics Inc. (South Korea) ', 'LEGO A/S (Denmark) ', 'Hayward Holdings, Inc. (US) ', 'UBTECH Robotics, Inc. (China) ', 'Husqvarna Group (Sweden) ', 'Miele (Germany) ', 'Robomow (Israel) ', 'Cecotec Innovaciones S.L. (Spain) ', 'Monoprice, Inc. (US) ', 'temi (US) ', 'Deere & Company (US) ', 'BObsweep (Canada) ', 'ILIFE Innovation Limited (China)', 'In January 2024, ECOVACS launched the future of whole-home robotics. These robotic solutions consist of advanced robots for floor, air, ceiling, window, and lawn care.', 'In April 2024, iRobot Corp launched their Roomba combo essential robot. This is a smart, cost-efficient, and easy-to-use 2-in-1 robot vacuum and mop with better features', 'In July 2023, Dreametech Technology introduced their new Robotic Pool Cleaner. This is a growing technology company and leading manufacturer of home cleaning appliances.'

Smart robots are devised and coded to interact naturally with their habitats, this includes humans and pet animals. These technologies utilize modern advanced technologies such as artificial intelligence, machine learning, and natural language processing to obtain their knowledge and adapt to new tasks. Security systems and automation with the use of robotics is also used to increase the home security and have also become a part of the home automation and housework assisting operations.

Increasing Research & Development in Household Robots: The increasing research and development expenditures offer an opportunity for the household robots market. Increased innovation through the research and development provides the market with a considerable chance to enhance. In addition, there are several possible benefits associated with the use of certain features like energy efficiency or improved compatibility with a smart home system, which can lead to an increased utilization. Finally, the improved safety and reliability of the service will also decrease the concerns of the users about relying on the robots for providing certain types of services.

North America is dominating the household robots market with the largest market share. North America is anticipated to dominate the household robots market growth during the forecast period. The growth is attributed to the increasing need of people to become more comfortable using robots. Robotic services for standard chores, security, and elder care, among others, are being used by smart home automation. In addition, the increasing awareness of environmental concerns is compelling producers to fabricate energy-conserving products. High technology literacy levels and the availability of disposable incomes from the United States, and Canada, among others, are also fostering the installation of robotic applications. As a result, the pressures for innovation are escalating as companies seek to defend themselves and vie for a larger share of this expanding worldwide industry.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Household Robots Market

Report ID: SQMIG45I2221

$5,300
BUY NOW GET FREE SAMPLE