The global robotic vacuum cleaners market is expected to reach a market valuation of US$ 4.01 Billion by the year 2022, accelerating with a moderate CAGR of 14.5% by 2022-2032. Robotic vacuum cleaners market size is anticipated to be valued at about US$ 15.52 Billion by 2032 end.
In the last few years, vacuum cleaner technology has advanced significantly. Because of their ability to clean an area without requiring human participation, robotic vacuum cleaner's sales are surging at a high pace.
Additional features of robotic vacuum cleaners include rotating brushes, mopping, and UV sterilization. Some are designed to efficiently perform cleaning chores of household. To offer greater efficiency and high performance, manufacturers are integrating robotic vacuum cleaners with security cameras, intercom systems, and other functions.
Robotic vacuum cleaners are a result of technological advancements enabled by artificial intelligence (AI) and the internet of things (IoT). They can be programmed and operated remotely to execute their cleaning tasks and they are clever enough to do it with minimal human intervention. With their advanced technologies, robots are playing an increasingly essential role in modern society, making human life easier and more comfortable.
Request Sample Report@
Market players are concentrating on producing more technologically advanced robotic vacuum cleaners using cutting-edge technology such as artificial intelligence (AI) (Artificial intelligence). Samsung Electronics, for example, released an AI robot vacuum cleaner in 2021 that has improved object identification and operation performance due to artificial intelligence (AI) technology.
The BESPOKE Jetbot AI is a smart robot vacuum cleaner designed to clean itself and empty its dust bin. It is the world's first robot cleaner to be equipped with Intel's artificial intelligence (AI) solution (Intel Movidius), which enables the robot cleaner to reason independently like humans.
Key Takeaways from the Robotic Vacuum Cleaners Market Study
In terms of robot type, the in-house robot segment is projected to account for 75.9% of the total robotic vacuum cleaners market share in 2021.In terms of mode of charging, auto battery charging type accounts for 70.9% of the total robotic vacuum cleaners market share in 2021.The US is a key market in North America, accounting for 91.5% of robotic vacuum cleaners sales in the region in 2021.The U.K. will emerge as a highly lucrative market within Europe, exhibiting 7.5% CAGR.
"Customers from diverse sectors are increasingly turning to automated products to save time and energy. Within the household sector, the demand for smart home technology is on the rise. This has created ample prospects for the expansion of the robotic vacuum cleaners market," says an FMI analyst.
Get Your Comprehensive Brochure@
Impact of COVID-19 on the Market
The COVID-19 outbreak had a wide-ranging impact, including the closure of all non-essential businesses and retailers, leading to a loss of corporate confidence, heightened public worry, and future uncertainty. It has spread indiscriminately over the world, resulting in a hazardous indoor atmosphere. The production rate of these vacuum cleaners had fallen dramatically all over the world as a result of the sudden shutdown of manufacturing factories. Restrictions imposed hampered sales as well as international export and import.
Furthermore, the COVID-19 created new opportunities for robotic vacuum cleaner manufacturers. Due to the need for cleanliness and hygiene in homes and business spaces, industry players saw higher sales of robot vacuums beginning at the second quarter of 2020. Consumers bought robotic vacuum cleaners to keep the virus from spreading in their homes.
Additionally, according to International Federation of Robotics sales value for robots has increased by 32% to USD 11.2 billion and the recent Covid-19 pandemic is further expected to boost the market.
Ask Analyst @
Who is winning?
Leading manufacturers of robotic vacuum cleaners are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of robotic vacuum cleaners globally.
Major players present in the robotic vacuum cleaners market are iRobot Corporation, LG Electronics, Robert Bosch GmbH, Samsung Corporation, Dyson Ltd., Panasonic Corporation, Xiaomi, ECOVACS, Proscenic, Neato Robotics, Inc., Yujin Robot, Co., Ltd., Hayward Industries, Inc., Pentair plc, Milagrow Business & Knowledge Solutions (Pvt.) Limited. Koninklijke Philips N. V, among others.
Global Robotic Vacuum Cleaners Market by Category
By Robot Type:
- Outdoor Robot
- In-House Robot
By Mode of Charging:
- Manual Charging
- Auto-Battery Charging
- North America
- Latin America
- East Asia
- South Asia
- Middle East and Africa
Explore Wide-Ranging Coverage of FMI's of Consumer Product Insights
BB Cushions Market Analysis: The global BB cushions market is expected to garner a market value of US$ 3.61 Billion in 2022 and is forecast to flourish at a staggering 17% CAGR from 2022 to 2032
Fragrance Product Market Forecast: By 2031, the fragrance product market value is estimated to reach US$ 99.2 billion, with a CAGR of 4.7%.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
For Sales Enquiries: firstname.lastname@example.org
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
This content is published on behalf of the above source. Please contact them directly for any concern related to the above.
This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.