Household Robots Global Market Report 2024

Description

“Household Robots Global Market Report 2024 ” 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 household robots 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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Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
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Where is the largest and fastest growing market for household robots? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The household robots 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: Domestic; Entertainment and Leisure
2) By Offering: Products; Services
3) By Application: Vacuuming; Lawn Mowing; Pool Cleaning; Companionship; Elderly Assistance and Handicap Assistance; Robot Toys and Hobby Systems; Other Applications
Companies Mentioned: Dyson Limited; Ecovacs Robotics; Neato Robotics Inc.; Alfred Karcher SE & Co.; LG Electronics Inc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
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

Household robots are electronic robotic units designed to autonomously perform a range of domestic tasks, including housekeeping and various household chores.

The primary types of household robots include domestic, entertainment, and leisure robots. Domestic robots are specifically engineered to handle a variety of household duties, contributing to the smooth operation of daily life by executing chores and other routine activities. These robots offer products and services applicable to various tasks such as vacuuming, lawn mowing, pool cleaning, companionship, assistance for the elderly and individuals with disabilities, as well as applications in robot toys, hobby systems, and more.

The household robots market research report is one of a series of new reports from The Business Research Company that provides household robots market statistics, including household robots industry global market size, regional shares, competitors with a household robots market share, detailed household robots market segments, market trends and opportunities, and any further data you may need to thrive in the household robots industry. This household robots 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.

The household robots market size has grown rapidly in recent years. It will grow from $8.1 billion in 2023 to $9.7 billion in 2024 at a compound annual growth rate (CAGR) of 19.2%. The growth observed during the historical period can be attributed to various factors, including the consumer demand for convenience, integration of smart home technologies, heightened consumer awareness, improvements in affordability, a focus on environmental sustainability, advancements in safety features, and government initiatives supporting the adoption of household robots.

The household robots market size is expected to see exponential growth in the next few years. It will grow to $20.35 billion in 2028 at a compound annual growth rate (CAGR) of 20.4%. The anticipated growth in the forecast period can be attributed to several factors, including advancements in human-robot interaction, the increasing adoption of voice assistants, the expansion of robotic lawn care, improvements in object recognition technology, a sustained decline in component costs, and the broadening applications of household robots in the hospitality sector. Key trends expected in the forecast period include a rise in the adoption of robotic vacuum cleaners, advancements in artificial intelligence (AI) and machine learning, the development of multi-functional robots, the emergence of personal assistant robots, the integration of cloud connectivity and data analytics, and a focus on energy-efficient and eco-friendly designs in household robotics.

The household robots market is anticipated to experience substantial growth due to the high demand for robots. Robots, defined as autonomously operated systems that replace human effort, are increasingly preferred for household chores such as cleaning and ironing. The rising demand for robots is expected to drive the household robots market. According to a report by the International Federation of Robotics in October 2022, global robot installations were projected to grow by 13% to 435,000 units in 2021, with significant increases in America, Asia, Australia, and Europe. The surge in robot demand is a key driver for the growth of the household robots market.

The household robot market is witnessing growth propelled by the increasing popularity of smart homes. Smart homes, characterized by internet-enabled appliances and devices that can be remotely controlled, are adopting household robots for tasks ranging from cleaning and maintenance to security and companionship. FutureIoT reported that over 54% of US households were expected to have at least one smart home gadget in 2022, making smart homes the norm. Similarly, adoption rates in the UK, Germany, and France have reached notable percentages. The growing appeal of smart homes is expected to contribute significantly to the growth of the household robot market.

Technological advancements are a prominent trend in the household robot market, with major companies focusing on innovative technologies to enhance their market position. Ecovacs Robotics, a leading auto cleaning robots designer based in China, introduced the DEEBOT X1 OMNI in March 2022. This all-in-one vacuum and mopping robot, powered by TrueMapping technology, features unique capabilities such as the All-in-One OMNI Station and the potent AIVI 3D, providing comprehensive cleaning solutions for daily life.

Companies in the household robot market are directing their efforts toward product developments, particularly in the domain of home robots. These robots, also known as service robots or domestic robots, are designed to perform tasks within homes. Robotics Inc., a Japanese AI startup firm, launched the Kachaka robot in May 2023 for residential applications. The Kachaka robot is capable of delivering items upon verbal commands, enhancing convenience in daily activities through its AI technology that allows it to analyze camera images and avoid obstacles.

In August 2022, Amazon.com, Inc., a major US-based technology company, acquired iRobot Corporation for $1.7 billion. This strategic move is expected to reinforce Amazon's dominant position and consolidate its control over the smart home technology ecosystem. The collaboration between the iRobot team and Amazon is anticipated to result in innovative developments that enhance the quality of life for customers. iRobot Corporation, a US-based technology company specializing in consumer robots, was the subject of this acquisition by Amazon.

Major companies operating in the household robots market report are Dyson Limited, Ecovacs Robotics, Neato Robotics Inc., Alfred Karcher SE & Co., LG Electronics Inc, The Lego Group, Samsung Electronics Co Ltd, Husqvarna AB, Deere & Company, Xiaomi Corporation, BSH Hausgerate GmbH, Miele Corporate, Robomow, Blue Frog Robotics, iLIFE Innovation Ltd, iRobot Corporation, Maytronics Ltd., Neato robotics Inc., Hayward Holdings Inc., Panasonic Corporation, Roborock Technology Co. Ltd, bObsweep Inc., SharkNinja Operating LLC, Schweitzer Engineering Laboratories, Schneider Electric SE, Opus One Solutions Inc., Encorp Inc., Siemens AG, Schweitzer & Conrad Inc., Spirae LLC Company, Emerson Automation Solutions, CleanSpark Inc., Eaton Corporation, General Electric Company, .

Asia-Pacific was the largest region in the household robots market in 2023, and is expected to be the fastest-growing region in the household robots market during the forecast period. The regions covered in the household robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the household robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The household robots market consists of revenues earned by entities by providing household robots services such as mowing lawns and cleaning, vacuum cleaning, floor cleaning. The market value includes the value of related goods sold by the service provider or included within the service offering. The household robots market also includes sales of pet care robots, grill cleaning robots, sweeping robots which are used in providing household robots services. 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.

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

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

Product Code: r11032

1. Executive Summary

2. Household Robots Market Characteristics

3. Household Robots Market Trends And Strategies

4. Household Robots Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Household Robots Market Size and Growth

5.1. Global Household Robots Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Household Robots Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Household Robots Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Household Robots Market Segmentation

6.1. Global Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Domestic
Entertainment
Leisure
6.2. Global Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Products
Services
6.3. Global Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Vaccuming
Lawn Mowing
Pool Cleaning
Companionship
Elderly Assistance and Handicap Assistance
Robot Toys and Hobby Systems
Other Applications

7. Household Robots Market Regional And Country Analysis

7.1. Global Household Robots Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Household Robots Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Household Robots Market

8.1. Asia-Pacific Household Robots Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Household Robots Market

9.1. China Household Robots Market Overview
9.2. China Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Household Robots Market

10.1. India Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Household Robots Market

11.1. Japan Household Robots Market Overview
11.2. Japan Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Household Robots Market

12.1. Australia Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Household Robots Market

13.1. Indonesia Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Household Robots Market

14.1. South Korea Household Robots Market Overview
14.2. South Korea Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Household Robots Market

15.1. Western Europe Household Robots Market Overview
15.2. Western Europe Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Household Robots Market

16.1. UK Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Household Robots Market

17.1. Germany Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Household Robots Market

18.1. France Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Household Robots Market

19.1. Italy Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Household Robots Market

20.1. Spain Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Household Robots Market

21.1. Eastern Europe Household Robots Market Overview
21.2. Eastern Europe Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Household Robots Market

22.1. Russia Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Household Robots Market

23.1. North America Household Robots Market Overview
23.2. North America Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Household Robots Market

24.1. USA Household Robots Market Overview
24.2. USA Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Household Robots Market

25.1. Canada Household Robots Market Overview
25.2. Canada Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Household Robots Market

26.1. South America Household Robots Market Overview
26.2. South America Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Household Robots Market

27.1. Brazil Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Household Robots Market

28.1. Middle East Household Robots Market Overview
28.2. Middle East Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Household Robots Market

29.1. Africa Household Robots Market Overview
29.2. Africa Household Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Household Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Household Robots Market, Segmentation By Application , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Household Robots Market Competitive Landscape And Company Profiles

30.1. Household Robots Market Competitive Landscape
30.2. Household Robots Market Company Profiles
- 30.2.1. Dyson Limited
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Ecovacs Robotics
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Neato Robotics Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Alfred Karcher SE & Co.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. LG Electronics Inc
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Household Robots Market Competitive Benchmarking

32. Global Household Robots Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Household Robots Market

34. Household Robots Market Future Outlook and Potential Analysis

34.1 Household Robots Market In 2028 - Countries Offering Most New Opportunities
34.2 Household Robots Market In 2028 - Segments Offering Most New Opportunities
34.3 Household Robots Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer