Robotic Vacuum Cleaners Global Market Report 2023

“Robotic Vacuum Cleaners Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on robotic vacuum cleaners market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for robotic vacuum cleaners ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The robotic vacuum cleaners market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Robotic Floor Vacuum Cleaner; Robotic Pool Vacuum Cleaner

2) By End-Users: Residential; Commercial

3) By Type Of Charging: Automatic Charging; Manual Charging

Companies Mentioned: Dyson Ltd.; ECOVACS Robotics Co. Ltd.; Koninklijke Philips NV; LG Electronics Inc.; Panasonic Corp.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the robotic vacuum cleaners market are: Dyson Ltd., ECOVACS Robotics Co. Ltd., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., Sharp Corp., Neato Robotics, Miele & Cie. KG, and iRobot Corporation.

The global robotic vacuum cleaners market will grow from $5.99 billion in 2022 to $6.41 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The robotic vacuum cleaners market is expected to grow to $8.37 billion in 2027 at a CAGR of 6.9%.

The robotic vacuum cleaners market consists of sales of robotic floor vacuum cleaners, robotic pool vacuum cleaners, and other robotic vacuum cleaners. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Robotic vacuum cleaners or robovac are home appliances, designed to clean our homes autonomously without human intervention. They are fully automated and artificial intelligence-powered by various sensors and scheduling programs. It can clean floors, windows, pools, and gardens efficiently without any human effort.

Asia Pacific was the largest region in the robotic vacuum cleaners market in 2022. Western Europe was the second-largest region in the robotic vacuum cleaners market. The regions covered in the robotic vacuum cleaners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of robotic vacuum cleaners are robotic floor vacuum cleaners and robotic pool vacuum cleaners that are used in residential and commercial areas. Robotic floor vacuum help in cleaning hard floors using robotic technology. Robotic vacuum cleaners use different types of charging like automatic charging and manual charging.

Rising investments in developing new technologies in robotic vacuum cleaners are contributing to the growth of the robotic vacuum cleaners market. The rising investments for innovations in hardware and software technologies, such as sensors and decision-making capabilities help robotic vacuum cleaners in doing household tasks and also help consumers to save time thereby attracting the customers to purchase robotic vacuum cleaners for household chores. For instance, in 2020, in the USA, private companies such as Yidu Cloud, Tsinghua AI Fund, and Matrix Partners invested $15 million in Trifo, into its AI-home robots' vacuum in the hardware and software development for expanding in the U.S. and European markets. Rising investments and support from the government thereby contribute to the growth of the market.

The high cost of robotic vacuum cleaners is expected to limit the growth of the robotic vacuum cleaners market. Robotic vacuum cleaners are costly and cause potential consumers to think twice before they invest in them. For instance, in 2020, in the USA, iRobot's newly launched robotic vacuum cleaner Roombas are extremely expensive such as the Roomba i7 priced at $1,099, and Roomba S9+ priced at $1,299. These factors are expected to have a negative impact on the robotic vacuum cleaners' market as high-cost causes consumers to think twice, affecting the market's growth.

Companies are launching new products to increase their revenue and also for gaining a competitive edge over their rivals. For instance, , in 2021, in the USA, iRobot Corporation, a leading advanced robotic vacuum technology company, launched Roomba j7+ Robot Vacuum to give customers more control over their cleaning with 3.0 home intelligence.

The countries covered in the market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The robotic vacuum cleaners market research report is one of a series of new reports from The Business Research Company that provides robotic vacuum cleaners market statistics, including robotic vacuum cleaners industry global market size, regional shares, competitors with a robotic vacuum cleaners market share, detailed robotic vacuum cleaners market segments, market trends and opportunities, and any further data you may need to thrive in the robotic vacuum cleaners industry. This robotic vacuum cleaners market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.