A recent report published by Infinium Global Research on the household robot market provides an in-depth analysis of segments and sub-segments in the global as well as regional household robot market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional household robot market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global household robot market. According to the report, the global household robot market is projected to grow at a CAGR of 21.06% over the forecast period of 2019-2025.
The household robot is used for domestic purposes such as cleaning, entertainment, education, and other services. The vacuum cleaner was the first robot to be seen in homes doing household tasks. The robot is generally available, that are largely produced by a lot various producers for houses or small offices. Most robots are used to clean wooden floors as well as the carpet. For instance, there are some types of a robot such as Roomba, Dirtdog, RC3000, Navibot and now Philips has their version called HomeRun.
Increasing demand for the intelligent and connected toys and robot boost the growth of the global household robot market. Technological advancement and innovation in the robotic industry fuel the growth of the global household robot market. Rising demand of the autonomous robot in domestic use drives the growth for the global household robot market. On the other hand, strict government regulations regarding data safety and protection may hamper the growth of the global household robot market. Furthermore, the emergence of autonomous and connected robots and toys and the emergence of 5G technologies along with growing demand for the new product innovation and technological advancement creates an opportunity for the growth of the global household robot market.
Geographically, North America region dominates by the largest market share in the Household robot market due to the adoption of connected technologies and the presence of major players boost the growth in the market. In North America, the U.S. dominates the market followed by Canada and Mexico. Asia Pacific region holds the second position in the global household robot market and is expected to boost the growth of the market in the forecast period. In the Asia Pacific, China holds the largest market share followed by Japan and India. Increasing demand for connected and autonomous robots and toys boosts the growth of the market in the Asia-Pacific region.
The report on the global household robot market covers segments such as type, offering, and end users. On the basis of type, the sub-markets include entertainment, and domestic. On the basis of offering, the sub-markets include product, and services. On the basis of end users, the sub-markets include individual, and commercial.
The report provides profiles of the companies in the market such as Dyson Ltd, iRobot Corporation, Deere & Company, Samsung Electronics Co., Ltd., The LEGO Group, Ecovacs Robotics, Inc., Neato Robotics, Inc., BLUE FROG ROBOTICS & BUDDY, Alfred Kärcher SE & Co. KG, LG Electronics Inc., 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 the household robot 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.