A recent report published by Infinium Global Research on robotic vacuum cleaners market provides an in-depth analysis of segments and sub-segments in the global as well as regional robotic vacuum cleaners market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional robotic vacuum cleaners market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global robotic vacuum cleaners market. According to the report, the global robotic vacuum cleaners market is projected to grow at a CAGR of 10.4% over the forecast period of 2019-2025.
Robotic vacuum cleaners are globally accepted for residential usage over the past few years. Automated cleaning by using vacuum cleaners is a common view in the developed countries. Nowadays, it has become a need to use vacuum cleaners in daily life. In developing economies, consumers are continuously searching for advanced technology, automated, and convenient tools & equipment for all the household works such as washing clothes, dishwashing, and cleaning the house. There are several brilliant features offered by these tools & equipment such as self-charging, room mapping, and laser vision are helping to support the growing busier lifestyle of the urban population.
The changing lifestyles of people due to long working hour’s leads to time shortage is the primary growth factor of the robotic vacuum cleaners market. Busier daily schedules and lack of time for household tasks are the key factors that will continue to create the demand for residential robotic vacuum cleaners in the forecasted period. Furthermore, factors such as the increasing number of technological advancements for developing innovative products and increasing focus on hospitality and tourism sectors are other driving factors of the market. Superior performance and enhanced functionality of robotic vacuum cleaners are fueling market growth. However, the high cost of robotic vacuum cleaners as compared to other models restraints market growth. Moreover, growing awareness about the health and benefits of vacuum cleaners are important factors that are creating a huge opportunity for the residential robotic vacuum cleaners market in the forecasted period.
Geographically, Europe and North America dominate the global residential robotic vacuum cleaners market due to the presence of premium product brands in these regions. The Asia-Pacific region is the second-largest market for residential robotic vacuum cleaners owing to rising adoption of household electrical appliances in this region. China holds a large market share of the residential robotic vacuum cleaner market in the Asia Pacific.
The report on global robotic vacuum cleaners market covers segments such as type, type of charging, distribution channel, and end-user. On the basis of type, the sub-markets include robotic floor vacuum cleaner, and robotic pool vacuum cleaner. On the basis of type of charging, the sub-markets include manual charging, and automatic charging. On the basis of distribution channel, the sub-markets include institutional/direct sales, and retail sales. On the basis of end-user, the sub-markets include residential, and commercial.
The report provides profiles of the companies in the market such as Neato Robotics, Inc., Dyson Inc., iRobot Corporation, Ecovacs Robotics, Inc., Philips Electronics N.V, Samsung Electronics Co., Ltd, LG Electronics Inc., Robert Bosch GmbH, Panasonic Corporation, Miele & Cie. KG, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of robotic vacuum cleaners market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.