PUBLISHER: Polaris Market Research | PRODUCT CODE: 1175511
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1175511
The global household robots market size is expected to reach USD 31.99 billion by 2030, according to a new study by Polaris Market Research. The report "Household Robots Market Share, Size, Trends, Industry Analysis Report, By Offering (Product, Services); By Type; By Distribution Channel (Online, Offline); By Application; By Region; Segment Forecast, 2022-2030" gives a detailed insight into current market dynamics and provides an analysis of future market growth.
The growing demand for the product in the commercial sector for pool cleaning, mopping, lawn mowing, and many more household chores is expected to drive market growth. Furthermore, increasing penetration of automation robots to perform a dangerous and difficult task is expected to boost the market.
In addition, technological advancement in robotics to develop robots that are capable of interacting, cognitive in nature, and could be manipulated in action are increasing the demand for household robots. Moreover, R&D investment by many key players to create innovative robots equipped with AI features with 2D and 3D vision cameras to map the house and recognize impediments, if any, are driving the market growth.
The COVID-19 pandemic had a negative impact on the demand for household robots as many residential and commercial projects came to a standstill owing to global lockdowns. In addition, the lack of raw materials movement due to strict government norms resulted in a delay in the production of robot components which hampered the market growth.
Household Robots Market Report Highlights
The growing demand for domestic robots is due to busy lifestyles and the increasing adoption of automation devices. In addition, these robots are convenient, save time, and have better companionship, which drives segment growth.
The online distribution channel is expected to dominate the market over the forecast period as they allow smooth delivery of products, and the consumer doesn't have to bear any levied expenses.
The vacuuming robot type is expected to spearhead revenue growth as it cleans all levels of dirt and works on all surfaces. Moreover, the increasing aging and handicapped population is an essential factor in driving the segment's growth.
Asia Pacific is expected to grow over the forecast period on account of the increasing adoption of robotic technology across China, Japan, and India. The growing geriatric population and rising R&D investment in developing innovative robots are propelling market growth.
Major players operating in the industry include Alfred Karcher, SE & Co.KG, Blue Grog Robotics, Inc., Bobsweep Inc., BSH Hausgerate, Dyson Ltd, Ecovacs Robotics, Inc, Husqvarna Group, iLIFE Innovation Ltd, Intuitive Surgical Inc., iRobot Corporation.
Polaris Market Research has segmented the household robots market report based on offering, type, distribution channel, application, and region:
Household Robots, Offering Outlook (Revenue - USD Billion, 2018 - 2030)
Product
Services
Household Robots, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Domestic
Entertainment And Leisure
Household Robots, Distribution Channel Outlook (Revenue - USD Billion, 2018 - 2030)
Online Channel
Offline Channel
Household Robots, Applications Outlook (Revenue - USD Billion, 2018 - 2030)
Vacuuming
Lawn Mowing
Pool Cleaning
Companionship
Elderly Assistance and Handicap Assistance
Robot Toys and Hobby Systems
Others
Household Robots, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Figure 1. Global Household Robots Market, 2018 - 2030 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Distribution Channel
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Application
Figure 7. Global Household Robots Market, by Application, 2021 & 2030 (USD Billion)
Figure 8. Market by Distribution Channel
Figure 9. Global Household Robots Market, by Distribution Channel, 2021 & 2030 (USD Billion)
Figure 10. Market by Offering
Figure 11. Global Household Robots Market, by Offering, 2021 & 2030 (USD Billion)
Figure 12. Market by Type
Figure 13. Global Household Robots Market, by Type, 2021 & 2030 (USD Billion)
Figure 14. Household Robots Market Assessment, By Geography, 2018 - 2030 (USD Billion)
Figure 15. Strategic Analysis - Household Robots Market