The
global robotic vacuum cleaners market size is poised to grow
by USD 3.7 billion during 2020-2024, progressing at a CAGR of almost 18%
throughout the forecast period, according to the latest report by Technavio.
The report offers an up-to-date analysis regarding the current market scenario,
latest trends and drivers, and the overall market environment. The report also
provides the market impact and new opportunities created due to the COVID-19
pandemic. Download a Free Sample of REPORT
with COVID-19 Crisis and Recovery Analysis.
Following the growing popularity of smart homes and smart appliances,
there is an increased inclination of people towards automation. With the
increase in the tech-savvy population, the preference for easy-to-use and
convenient products has increased. Moreover, the evolving lifestyles and busy
schedules leave consumers hard-pressed for times to perform cleaning and
mopping activities. This will influence the robotic vacuum cleaner market
growth over the forecast period.
Report Highlights:
- The major robotic vacuum
cleaners market growth came from the residential end-users segment.
Benefits such as the easy operability and low cost of manual vacuum
cleaners have gained substantial end-users in price-sensitive countries in
APAC. Additionally, the growth in smart cities across regions is
encouraging residential end-users to automate household appliances,
including cleaning. This will increase the usage of robotic vacuum
cleaners in the residential sector.
- APAC was the largest market
for robotic vacuum cleaners in 2019, and the region will offer several
growth opportunities to market vendors during the forecast period. The
rapid urbanization in the region that is driving the growth of the
residential and commercial sectors will increase the demand for robotic
vacuum cleaners.
- The global robotic vacuum
cleaners market is fragmented. AB Electrolux, Dyson Ltd., ECOVACS Robotics
Co. Ltd., ILIFE INNOVATION Ltd., iRobot Corp., Koninklijke Philips NV, LG
Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., and Sharp
Corp. are some of the major market participants. To help clients improve
their market position, this robotic vacuum cleaners market forecast report
provides a detailed analysis of the market leaders.
- As the business impact of
COVID-19 spreads, the robotic vacuum cleaners market
2020-2024 is
expected to have Neutral and Inferior growth. As the pandemic spreads in
some regions and plateaus in other regions, we revaluate the impact on
businesses and update our report forecasts.
The emergence of Internet of Clean (IoC) will be a Key Market Trend
Internet of Clean (IoC) generates insights from equipment, operations,
and consumption associated with cleaning activities with the help of connected
sensors. The concept is gaining traction among end-users such as real estates,
government and healthcare facilities, offices, retails, hotels, education hubs,
and airports. This will increase the preference for robotic vacuum cleaners
integrated with IoC as they can perform task prioritization and resource
management. As a result of these factors, the market will grow during
2020-2024.
Technavio’s sample reports are free of charge and contain multiple
sections of the report, such as the market size and forecast, drivers,
challenges, trends, and more. Request a free sample report
No comments:
Post a Comment