Global Robotic Vacuum Cleaners Market

Robotic Vacuum Cleaners Market Size, Share, Growth Analysis, By Type(Floor Vacuum Cleaner, Window Vacuum Cleaner, Pool Vacuum Cleaner), By Application(Residential, Household, Commercial), By Operation Mode(Self-Drive, Remote Control), By Distribution Channel(Online, Offline), By Price(Below USD 150, USD 150 - 300, USD 300 - 500, Above USD 500), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25A2246 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 143 | Figures: 72

Robotic Vacuum Cleaners Market Dynamics

Drivers

Growing Demand for Remote Control Robotic Vacuum Cleaners to Lead the Market Growth of Global Robotic Vacuum Cleaners' Industry

  • The remote-control segment is predicted to maintain a decent market share in the robotic air cleaning industry. This growth can be attributed to the increasing use of robotic vacuum cleaners that can be remotely controlled via smartphone apps over the internet coupled with the increasing demand for robotic vacuum cleaners in residential areas due to increasing purchasing power among consumers and rapid urbanization so Bovac -can be associated with it convenient noise-free storage facilities. These factors are expected to contribute to the overall growth of the industry over the forecast period.

Rapid digitization has driven the Global Robotic Vacuum Cleaners Industry

  • Increased digitalization driven by widespread adoption of Internet of Things (IoT) solutions and increasing popularity of online workstations among consumers is expected to fuel the demand for robotic vacuum cleaners in the coming years. Furthermore, rising disposable income and an improved standard of living are estimated to contribute significantly to the market's growth. This is due to the increasing number of working people, busy lifestyles, and the need for help with simple household chores. Furthermore, rapid technological advancements such as the integration of artificial intelligence (AI) in internet connectivity and voice control services are also expected to have a positive impact on the growth of the market during the forecast period

Restraints

High Maintenance Cost Market Barrier

  • These vacuum cleaners are equipped with high-end technical equipment including multi-sensors and transmitters. Improper use of these devices reduces the life of the devices, leading to higher maintenance costs. These vacuum cleaners are fused with technology. Therefore, they need to be well prepared. This may alienate consumers and lead to the adoption of conventional air filters, hindering the growth of this market.

High Initial Investment

  • The major restraining factor in the global robotic vacuum cleaners market is the high upfront costs associated with these devices. Although robotic vacuum cleaners are out of it for convenience and practicality in the cleaning industry although their initial purchase price is usually high compared to conventional vacuum cleaners. especially in those communities where Household finances may be constrained.
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FAQs

Robotic Vacuum Cleaners Market size was valued at USD 15.23 Billion in 2022 and is poised to grow from USD 19.37 Billion in 2023 to USD 132.73 Billion by 2031, growing at a CAGR of 27.2% in the forecast period (2024-2031).

The competitive environment of the Robotic Vacuum Cleaners Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options. 'Dyson Ltd. (Malmesbury, U.K.)', 'ECOVACS (Suzhou, China)', 'iRobot Corporation (Massachusetts‎, U.S)', 'LG Electronics (Seoul, South Korea)', 'Samsung Corporation (Seoul, South Korea)', 'Proscenic (Zhengzhou, China)', 'Matsutek Enterprises Co. Ltd. (Taipei, Taiwan)', 'Neato Robotics (Newark, California)', 'Koninklijke Philips N.V. (Amsterdam, Netherlands)', 'Robert Bosch GmbH (Gerlingen, Germany)', 'Panasonic Corporation (Osaka‎, Japan)', 'Bissell Inc. (Grand Rapids, Michigan)', 'Miele & Cie. KG (Gütersloh, Germany)', 'Sharp Corporation (Osaka‎, Japan)'

The remote-control segment is predicted to maintain a decent market share in the robotic air cleaning industry. This growth can be attributed to the increasing use of robotic vacuum cleaners that can be remotely controlled via smartphone apps over the internet coupled with the increasing demand for robotic vacuum cleaners in residential areas due to increasing purchasing power among consumers and rapid urbanization so Bovac -can be associated with it convenient noise-free storage facilities. These factors are expected to contribute to the overall growth of the industry over the forecast period.

Market Trends in Intelligent AI-Based Devices and Cleaning Solutions: Increased disposable income, dual-income households and lifestyle changes are the major trend of this market, enabling consumers in emerging markets to purchase intelligent AI-based devices such as cleaning robots. Retailers in developed markets are also increasingly targeting the sale of preservatives. They offer a material that can collect dirt, dust, dander and germs from carpet, especially in busy areas, such as airports or hotel lobbies. Smart homes and commercial activities due to the development of robotic vacuum cleaners during the forecast period and the adoption of state-of-the-art technologies such as Wi-Fi connectivity, artificial intelligence (AI) capabilities and voice assistant (VA). To keep pace with ever-changing customer demands, many companies focus on developing and delivering innovative new products.

North America is one of the largest markets for vacuum cleaners globally in terms of revenue and sales volume. The area’s demographics, high household density and strong buying power of consumers contribute to its popularity in the market. North America is the epicenter of technological innovation in air purifiers. Several leading vacuum cleaner manufacturers such as Dyson, SharkNinja and iRobot are available in North America. These companies are constantly investing in R&D with advanced features such as smart contacts, advanced suction power and advanced filtration systems to drive market growth and differentiation.

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Global Robotic Vacuum Cleaners Market

Report ID: SQMIG25A2246

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