Robotic Vacuum Cleaner Market size to grow by USD 4.42 billion | Market Research Insights highlight the Key Drivers, Challenges and Key Vendors

New YorkAnd Jan 19 2022 /PRNewswire/ – According to Research Report”Robotic Vacuum Cleaner Market – Forecast and Analysis Report 2021-2025“The market will grow at a CAGR of 18% during the forecast period. The report is segmented by end users (residential and commercial) and geography (North AmericaAnd Europeasia pacific, South Americaand MEA).

Attractive Opportunities in Robotic Vacuum Cleaner Market by End User and Geography - Forecast and Analysis 2021-2025

Attractive Opportunities in Robotic Vacuum Cleaner Market by End User and Geography – Forecast and Analysis 2021-2025

APAC is the largest market for robotic vacuum cleaners. Factors such as the increase in the use of robotic vacuum cleaners have grown exponentially in this region over the past decade. Especially, Singapore And AustraliaThe population over the age of 65 is rapidly increasing, resulting in a shortage of manpower, and is also contributing to the increased adoption of robotic vacuum cleaners in the region.

Offer Free Sample: To learn more highlights and key points about different market segments and their impact in the coming years.

Seller Insights

The Robotic Vacuum Cleaner market is segmented and the vendors are deploying several organic and inorganic growth strategies to compete in the market.

The increasing competition in the market is forcing vendors to adopt different growth strategies such as developing a new generation of technologically advanced robots over the old versions to improve the visibility of their services. In addition, vendors such as LG Electronics are developing large robotic vacuum cleaners with high suction power for use in commercial settings.

The report analyzes the competitive landscape of the market and provides information on several market vendors, including:

Find out more highlights about vendor growth strategies and their product offerings, Read a free sample report.

Geographical market analysis

APAC will provide maximum growth opportunities in the robotic vacuum cleaner industry during the forecast period. According to our research report, the region will contribute 40% of the global market growth and is expected to dominate the market until 2025. The Asia Pacific region will achieve growth over all years of the forecast period between 2020 and 2025. Annual market growth will be 17.45% in 2021 .

Japan And South Korea They are the main countries using robotic vacuum cleaners due to the high awareness of robotic solutions and the increasing number of elderly people. The proportion of older adults living alone is expected to increase sharply from about 9% of all Japanese households in 2010 to more than 15% by 2035. Additionally, the incorporation of integrated air purifiers into robotic vacuum cleaners increases vacuum use Electric robots among the health-conscious population in Japan And South Korea.

Moreover, countries like the United States, ChinaAnd JapanAnd GermanyThe UK is expected to emerge as the prominent markets for the robotic vacuum cleaner market during the forecast period.

Major Sector Analysis

The growth of global market share of robotic vacuum cleaners by residential segment will be significant during the forecast period. Households are the main end users of robotic vacuum cleaners in the residential sector. Vendors in the residential sector have only penetrated a tenth of the total addressable market, which still leaves significant growth potential in the sector for robotic vacuum cleaners. This has encouraged many new players in the market especially those who manufacture niche consumer electronics products. In addition, smart buildings are gaining popularity as investments in smart cities increase in both developed and developing countries.

Learn more about the geographical distribution of this market along with detailed analysis of the top regions. https://www.technavio.com/report/robotic-vacuum-cleaner-market-industry-analysis

Market Drivers and Key Challenges:

Changing lifestyles and growth in technology-savvy population are the main drivers for the growth of the global robotic vacuum cleaners market during the forecast period. Smart homes and smart devices have simplified people’s lives. Citizens are willing to buy technical products in their operation and useful in facilitating their work. In addition, developed countries show a high affinity for efficient and easily controllable high-tech devices. Moreover, evolving lifestyles and busy schedules make consumers extremely time pressured to perform cleaning and wiping tasks.

The availability of counterfeit products poses a threat and a major challenge to the growth of the robotic vacuum cleaner market during the forecast period. These counterfeit products developed in the robotic vacuum cleaner products segment are at significantly lower prices and pose a serious challenge to established brands. The manufacturers of these fakes pay special attention to the packaging to show the resemblance to the original brand. Moreover, the increasing trend of online shopping often weakens the guarantee of product quality and authenticity causing a hindrance to the market.

Offer Free Sample To highlight market drivers and challenges affecting the Robotic Vacuum Cleaner market.

Robotic Vacuum Cleaner Market Value Chain Analysis

Our report provides comprehensive information on the value chain analysis of the Robotic Vacuum Cleaners market, which vendors can utilize to gain a competitive advantage during the forecast period. A comprehensive understanding of value chains is essential in improving profit margin and evaluating business strategies. The data available in the value chain analysis segment can help vendors to increase costs and improve customer services during the forecast period.

Customize your report

Don’t miss the chance to speak to our analyst and learn more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with personalized data in a short period of time.

we offer 1,000 USD Worth free customization at time of purchase. Talk to our analyst now!

Related Reports:

Robot Vacuum Cleaners Market by Product, Shipping Type, and Geography – Forecast and Analysis 2021-2025

Robotic vacuum cleaner market in Western Europe By Product and Geography – Forecasting and Analysis 2021-2025

Robotic Vacuum Cleaner Market Scope

Report coverage

details

page number

120

base year

2020

prediction period

2021-2025

Growth Momentum and CAGR

Accelerate at a compound annual growth rate of 18%

Market Growth 2021-2025

$4.42 billion

Market Structure, Market Structure

fragmented

Annual Growth (%)

17.45

Regional Analysis

Asia Pacific, North America, Europe, Middle East, Africa, South America

Market share performance

Asia Pacific by 40%

Main consuming countries

China, Japan, the United States, Germany, and the United Kingdom

Competitive scene

Leading companies, competitive strategies, scope of consumer participation

An overview of the main companies

AB Electrolux and Dyson Ltd. and Ecovacs Robotics Inc. and ILIFE INNOVATION Ltd. and iRobot Corp. and Koninklijke Philips NV and LG Electronics Inc. and Panasonic Corp. and Samsung Electronics Co. Ltd. and Sharp Corp.

market dynamics

Key market analysis, market growth triggers and obstacles, analysis of fast-growing and slow-growing segments, analysis of COVID-19 impact, recovery and future consumer dynamics, analysis of market status for the forecast period

field of personalization

If our report doesn’t include the data you’re looking for, you can access our analysts and customize the segments.

about us:

Technavio is a global leader in technology research and consulting. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With over 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning across 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and to assess their competitive positions within changing market scenarios. .

Call
Technavio Research
Jesse Maeda
Marketing and Media Executive
United States: +1844364 1100
United Kingdom: +44 203893 3200
Email: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

Cision

Cision

View original content for multimedia download: https://www.prnewswire.com/news-releases/robotic-vacuum-cleaner-market-size-to-grow-by-usd-4-42-billion-market-research- Insights highlight key challenges drivers and key vendors – technavio-301462893.html

The source is Technavio

Leave a Comment