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 Insights

Global 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).

Technology-based cleaning robots are gaining popularity worldwide by providing environmentally efficient, clean and healthy environments in residential and commercial areas. The COVID-19 pandemic has spread naturally worldwide, resulting in poor housing conditions. The production of these refineries has declined dramatically worldwide due to the sudden closure of manufacturing facilities. Because some of these cleaners offer UV sterilization and stable indoor climates, their overall needs have not been significantly affected. Production of new vacuums has been suspended, affecting both sales and international exports and imports. Countries that are not interested in this include China, India, Germany, the U.K., France, the United States, and others. Key market players are focusing on R&D to introduce new developments such as robotic surface cleaning disinfectants for immediate disinfection of bacteria and viruses in aerosols.

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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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Robotic Vacuum Cleaners Market Insights

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