The robotic vacuum cleaner market and it is poised to grow by USD 3.7 billion during 2020-2024, progressing at a CAGR of almost 18% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of
various industries, the immediate impact of the outbreak is varied. While a few
industries will register a drop in demand, numerous others will continue to
remain unscathed and show promising growth opportunities. Technavio’s in-depth
research has all your needs covered as our research reports include all
foreseeable market scenarios, including pre- & post-COVID-19
analysis. Download a Free Sample Report on
COVID-19 Impacts
Frequently Asked Questions:
·
What is the year-over-year growth of the robotic
vacuum cleaner market in 2020?
A. As per Technavio, the year-over-year growth of the global market
in 2020 is 17.35%.
·
Based on segmentation by application, which is the
leading segment in the market?
A. Vacuum cleaning only.
·
What is the key factor driving the market?
A. Changing lifestyles and tech-savvy population.
·
At what rate is the market projected to grow?
A. The market is projected to grow at a CAGR of almost 18% during
2020-2024.
·
What are the top players in the market?
A. AB Electrolux, Dyson Ltd., ECOVACS Robotics Co. Ltd., ILIFE
INNOVATION Ltd., and iRobot Corp. are the top players in the market.
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. AB Electrolux, Dyson Ltd., ECOVACS
Robotics Co. Ltd., ILIFE INNOVATION Ltd., and iRobot Corp. are some of the
major market participants. To make the most of the opportunities, market
vendors should focus more on the growth prospects in the fast-growing segments,
while maintaining their positions in the slow-growing segments.
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Changing lifestyles and tech-savvy population has been instrumental in
driving the growth of the market. However, the threat from counterfeit products
might hamper market growth.
Technavio's custom research reports offer detailed insights on the
impact of COVID-19 at an industry level, a regional level, and subsequent
supply chain operations. This customized report will also help clients keep up
with new product launches in direct & indirect COVID-19 related markets,
upcoming vaccines and pipeline analysis, and significant developments in vendor
operations and government regulations.
Robotic Vacuum Cleaner Market 2020-2024: Segmentation
Robotic Vacuum Cleaner Market is segmented as below:
·
End-user
o
Residential Sector
o
Commercial Sector
·
Charging
o
Manual Charging
o
Automatic Charging
·
Application
o
Vacuum Cleaning Only
o
Vacuum Cleaning And Mopping
·
Geographic Landscape
o
APAC
o
Europe
o
MEA
o
North America
o
South America
Robotic Vacuum Cleaner Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study,
synthesis, and summation of data from multiple sources. The robotic vacuum cleaner
market report covers the following areas:
·
Robotic Vacuum Cleaner Market Size
·
Robotic Vacuum Cleaner Market Trends
·
Robotic Vacuum Cleaner Market Industry Analysis
This study identifies the emergence of the internet of clean (IoC) as
one of the prime reasons driving the robotic vacuum cleaner market growth
during the next few years.
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