According to Future Market Insights (FMI), the global residential robotic vacuum cleaner market is anticipated to grow from US$ 2.5 Bn in 2022 to US$ 9.7 Bn by 2032, with overall sales accelerating at 14.5% CAGR throughout the forecast period (2022-2032).
Growing demand for smart homes coupled with rising implementation of connected devices is primarily driving the growth of residential robotic vacuum cleaner market.
Similarly, another factor influencing the residential robotic vacuum cleaner industry is the reduction in time needed for domestic tasks. Robotic vacuum cleaners for homes can accomplish chores like mopping and cleaning quickly.
Employing domestic employees may be too expensive or illegal in some nations. The robotic vacuum cleaner can assist in these situations by carrying out chores that are typically done by domestic helpers. The market for home robotic vacuum cleaners is anticipated to be penetrated by vacuum cleaners with security features including warning owners in case of intruders and fires.
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People’s propensity for automation is rising as a result of the growing acceptance of smart homes and smart products, which is one of the major factors boosting the market for robotic vacuum cleaners.
The inclination for products that are technologically advanced in their functioning and useful in streamlining the task has expanded with the growth of the tech-savvy people. Customers struggle to find time to clean and mop due to their changing lifestyles and hectic schedules. Over the projected term, this will have an impact on the market growth for robotic vacuum cleaners.
Various manufacturers are constantly introducing novel products to grab emerging opportunities in the market. For instance, in April 2021, iRobot Corp, the leader in consumer robots, expanded its Roomba® robot vacuum lineup with the launch of the new RoombaiSeries products i3 and i3+ in India.
However, factors like shorter battery life, inability to efficiently clean rooms with complicated structures, and higher costs of these robotic vacuum cleaners is expected to limit market growth to a large extent during the forecast period.
Key Takeaways: Residential Robotic Vacuum Cleaner Market
· By type, the in-house residential robotic vacuum cleaner segment is anticipated to account for the leading share in the global demand for residential robotic vacuum cleaner during the forecast period while the outdoor residential robotic vacuum cleaner segment is estimated to grow at a robust CAGR of 16.5% through 2032.
· Among the charging mode, auto-battery charging segment is anticipated to grow at the highest CAGR of 17.2% between 2022 & 2032.
· By operation mode, the self-drive robot segment is anticipated to grow at a CAGR of 16.6% between 2022 & 2032.
· The U.S. residential robotic vacuum cleaner market is expected to grow at a CAGR of around 12.9% through 2032.
· The residential robotic vacuum cleaner market in India is expected to grow at 19.4% CAGR during the forecast period.
“Growing demand for automated equipment is expected to drive the growth of residential robotic vacuum cleaner market over the next ten years,” says FMI analyst.
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Who is Winning?
Market players operating in residential robotic vacuum cleaner market include
- iRobot Corporation,
- Xiaomi,
- Neato Robotics Inc.,
- Dyson Inc.,
- ECOVACS,
- Hayward Industries Inc.,
- Koninklijke Philips N.V.,
- Samsung Electronics Co. Ltd.,
- Pentair,
- Milagrow Business, and
- Knowledge Solutions (Pvt) Limited among others.
These leading players are concentrating on introducing new and advanced residential robotic vacuum cleaners with multiple tasking features. Besides this, they are adopting strategies such as partnerships, collaborations, acquisitions, mergers, and strengthening of distribution channels to expand their global footprint.
More Valuable Insights on Residential Robotic Vacuum Cleaner Market
Future Market Insight’s report on the residential robotic vacuum cleaner operation mode research is segmented into four major sections – type (in-house robot, and outdoor robot), charging mode (manual charging, and auto-battery charging), operation mode (self-drive robot, and remote control robot), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the residential robotic vacuum cleaner demand outlook.
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Residential Robotic Vacuum Cleaner Market by Category
By Type:
- In-house Robot
- Outdoor Robot
By Charging Mode:
- Manual Charging
- Auto-Battery Charging
By Operation Mode:
- Self-drive Robot
- Remote Control Robot
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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