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  • Residential Robotic Vacuum Cleaner Market Analysis | 2023-2029

    Residential Robotic Vacuum Cleaner Market Analysis | 2023-2029

    Residential Robotic Vacuum Cleaner Market Analysis | 2023-2029
    Report code - SR2481 Delivery - 2 Weeks
    Residential Robotic Vacuum Cleaner Market Size, Share, Trend, Forecast, Competitive Analys See more...

    "The global residential robotic vacuum cleaner market is expected to grow from USD 6.81 billion in 2022 to USD 11.84 billion by 2029 at a CAGR of 8.2% during the forecast period".

    Want to know more about the market scope: 

    Market Dynamics

    Introduction

    A residential robotic vacuum cleaner is an autonomous robotic device designed to clean floors and carpets in a residential setting. These devices use a combination of sensors, algorithms, and cleaning tools to navigate through a room, detect obstacles, and clean surfaces efficiently.

    The robotic vacuum cleaner typically has a circular shape and is equipped with rotating brushes and suction motors. The device uses sensors to detect the edges of a room, and obstacles such as furniture or walls, and can even detect and avoid stairs. The vacuum cleaner is programmed to move in a random pattern or a specific path to ensure that it covers the entire room.

    Residential robotic vacuum cleaners are becoming increasingly popular due to their convenience and efficiency. They allow homeowners to maintain a clean home without having to physically vacuum themselves. They are also able to reach areas that are difficult to clean with traditional vacuum cleaners, such as under furniture and in tight spaces.

    Market Drivers

    The demand for robotic vacuum cleaners remains strong due to the significant time and energy savings they provide, which is one of the primary factors driving adoption. Additionally, a shifting lifestyle, high disposable income, a growing population of working consumers, increasing purchasing power, and ease of use are all major factors contributing to the market's growth worldwide.

    Consumers are increasingly attracted to robotic vacuum cleaners due to their ability to operate without any human intervention. Some of these robots are able to automatically recharge themselves by navigating to the charging point and resuming operations from the point of discharge. Additionally, virtual boundaries can be set for these robots to restrict entry into undesired areas, such as children's playrooms. These factors further increase the adoption of robotic vacuum cleaners, driving market growth.

    The integration of advanced technologies such as voice assistance and artificial intelligence is driving the demand for robotic vacuum cleaners among targeted consumers. Additionally, the growing preference for more innovative and advanced technology integrated into these vacuum cleaners is expected to create key opportunities for the market.

    However, the short battery life and long charging time required for robotic vacuum cleaners pose challenges in completing the cleaning process. Moreover, compared to traditional vacuum cleaners, robotic vacuum cleaners take more time for cleaning, which is expected to restrain market growth over the forecast period.

    In addition, the maintenance of robotic vacuum cleaners can be costly due to the presence of sensors, which is expected to hinder market growth. The high cost of these products is also a major challenge, as it limits adoption among a wider user base. Furthermore, the market is hindered by the availability of various counterfeit products, which affects the overall quality of the robotic vacuum cleaner market.

    Covid-19 Impact 

    The COVID-19 pandemic has led to an increase in the adoption of vacuum cleaners, particularly robotic ones. This is because people are using them to disinfect various premises and reduce human exposure to the virus, which has become highly contagious. COVID-19 restrictions and guidelines have led to a surge in demand for cleaning workers and have also contributed to the increased use of robotic vacuum cleaners, which are ideal for thorough cleaning and disinfection.

    Recent Development 

    • In August 2022, Amazon and iRobot entered into a definitive merger agreement under which Amazon will acquire iRobot.
    • In May 2022, British manufacturer Dyson announced the development of home robots and the creation of the UK's largest robotics research center. The research and technology company focuses on robots that carry out domestic tasks such as cleaning, hoovering, and tidying.

    Segment Analysis

    Type Insights

    "Floor vacuum cleaners dominated the market in 2022" 

    In terms of revenue, floor vacuum cleaners dominated the market in 2022 and are expected to witness the fastest growth over the forecast period from 2022 to 2029. Consumers are increasingly inclined towards purchasing floor vacuum cleaners due to their ability to clean various surfaces, such as wooden floors, marble, vinyl, and tile flooring.

    The dominance and high growth of this segment can also be attributed to its efficiency in removing even the smallest particles that may cause health issues, as well as its cost-efficiency. Furthermore, as most household cleaning routines focus on cleaning floors, the demand for floor vacuum cleaners is on the rise.

    Application Insights

    "Residential segment dominated the market in terms of revenue and is expected to grow at the fastest CAGR"

    The residential segment dominated the market in terms of revenue and is expected to grow at the fastest CAGR over the forecast period from 2022 to 2029. The dominance of this segment can be attributed to the increasing number of smart homes and the growing trend of smart homes worldwide. Moreover, the increasing adoption of automated products for daily use to minimize human intervention is driving the growth of this segment.

    Robotic vacuum cleaners are also widely adopted due to their small size, low-maintenance, and ability to access hard-to-reach areas under cabinets, beds, tables, and other furniture. Hence, due to these factors, the residential segment is expected to generate more revenue.

    Geographic Analysis

    "Asia Pacific dominated the market, and it is expected to witness the fastest CAGR" 

    In 2022, Asia Pacific dominated the market for robotic vacuum cleaners, and it is expected to witness the fastest CAGR over the forecast period. The dominance of this region can be attributed to the low cost of the product, high purchasing power of consumers, and strong presence of key players in the region.

    Additionally, the rising trend of buying products via e-commerce channels or internet retailing is driving the growth of the market in the region. Moreover, Asia Pacific is the largest hub for the manufacturing of electronic devices, which is propelling market growth.

    The rapid urbanization of commercial and residential sectors in the region is also generating and increasing the demand for robotic vacuum cleaners. Hence, all of these factors are contributing to the dominance and fast growth of the Asia Pacific market for robotic vacuum cleaners.

    North America is the second-largest market for robotic vacuum cleaners and is expected to grow at a significant rate during the forecast period. The growth is driven by the region's innovative product offerings and consumers' willingness to invest in value-added and innovative products that simplify their lives.

    Moreover, the increasing demand for robotic vacuum cleaners can be attributed to the technology that allows users to control the device using mobile phones or remotes, making it convenient and user-friendly.

    Key Players

    The following are the key players in the Residential Robotic Vacuum Cleaner Market (arranged alphabetically)

    • Bissell Inc
    • Dyson Ltd
    • ECOVAC
    • iRobot Corporation
    • Koninklijke Philips N.V
    • LG Electronics
    • Miele & CieKG
    • Matsutek Enterprises CoLtd
    • Neato Robotics
    • Panasonic Corporation
    • Proscenic
    • Robert Bosch GmbH
    • Samsung Corporation
    • Sharp Corporation

    Note: The above list does not necessarily include all the top players in the market.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    in-depth Analysis of the Residential Robotic Vacuum Cleaner Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    What are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com

    Frequently Asked Questions (FAQs)

    A residential robotic vacuum cleaner is an autonomous robotic device designed to clean floors and carpets in a residential setting. These devices use a combination of sensors, algorithms, and cleaning tools to navigate through a room, detect obstacles, and clean surfaces efficiently. The robotic vacuum cleaner typically has a circular shape and is equipped with rotating brushes and suction motors. The device uses sensors to detect the edges of a room, obstacles such as furniture or walls, and can even detect and avoid stairs. The vacuum cleaner is programmed to move in a random pattern or a specific path to ensure that it covers the entire room.

    The market is expected to grow at a CAGR of 8.2% during 2023-2029.

    The market size was estimated at USD 6.81 billion in 2022 and is projected to reach USD 11.84 billion by 2029.

    The major players operating in the global Residential Robotic Vacuum Cleaner market are iRobot Corporation, Dyson Ltd, ECOVAC, Samsung Corporation, LG Electronics, Proscenic, Matsutek Enterprises Co. Ltd, Neato Robotics, Robert Bosch GmbH, Koninklijke Philips N.V, Panasonic Corporation, Bissell Inc, Miele & CieKG, Sharp Corporation.

    The demand for robotic vacuum cleaners remains strong due to the significant time and energy savings they provide, which is one of the primary factors driving adoption. Additionally, a shifting lifestyle, high disposable income, growing population of working consumers, increasing purchasing power, and ease of use are all major factors contributing to the market's growth worldwide.

    In 2022, Asia Pacific dominated the market for robotic vacuum cleaners, and it is expected to witness the fastest CAGR over the forecast period. The dominance of this region can be attributed to the low cost of the product, high purchasing power of consumers, and strong presence of key players in the region.

    The study period of the market is 2017-2029.