PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1176400
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1176400
According to SPER Market Research, the Global Robotic Pool Cleaner Market is estimated to reach USD 3.69 billion by 2032 with a CAGR of 14.31%.
The rise of the robotic pool cleaner market is linked to an increase in wealthy individuals engaging in recreational activities like swimming. The market for robotic pool cleaners is expected to grow in the future due to a number of benefits including low cost, ease of use, and great scrubbing power. Spending on leisure activities like swimming and accompanying travel increases as disposable income rises. This promotes increased participation in swimming activities and significantly increases the need for pool maintenance equipment and other supplies. Due to its simple installation and low maintenance requirements, robotic pool cleaners are becoming more and more popular in both home and commercial applications. Reliability of these human-free robotic pool cleaners is one of the main elements driving market expansion.This lowers the possibility of incidents involving human operation, such drowning or slippage. As a result, its demand in the commercial sector rises.
Numerous business operations, especially those related to commercial building, have been put on hold because to the new coronavirus disease's quick spread around the world. The COVID-19 epidemic had a minimal effect on the market for robotic pool cleaners. E-commerce platform use is on the rise, and supply chain interruptions are to blame for this. Additionally, a significant decline in construction and building activity as well as an increase in COVID-19 infections worldwide have put a stop to the industry's continued growth. The pandemic had moderate impact on the robotic pool cleaner market expansion. The supply chain disruption had negative impact while in e-commerce sales had positive impact on the market.Future development possibilities are also anticipated to be fuelled by the cleaners' improved automated functioning and decreased maintenance costs. However, throughout the anticipated period, the high price of these robotic pool cleaners is anticipated to restrict market expansion prospects. However, in order to better serve the general public, the market's major players are making efforts to increase product efficiency and capabilities. These elements are therefore anticipated to improve prospects for global market growth.