Robotic Vacuum Cleaner Market 2020-2027 Developing Factors, Emerging Opportunities, Present and Future Trends, Innovation | Grand View Research, Inc.

November 26 04:16 2021
Robotic Vacuum Cleaner Market 2020-2027 Developing Factors, Emerging Opportunities, Present and Future Trends, Innovation | Grand View Research, Inc.
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According to a new report published by Grand View Research, the decreased time for household activities is one of the key factors driving demand for the robotic vacuum cleaner.

The global robotic vacuum cleaner market size is anticipated to reach USD 9.41 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 17.7% from 2020 to 2027. Increasing number of working women, growing purchasing power for innovative products, and ease of usage are major factors supporting the market growth. Growing trend of smart home is acting as a major supporting factor for market growth. Launch of new products is also supporting the market growth and are gaining traction among millennials and tech savvy consumers.

Flexibility in usage of the robotic vacuum cleaners is estimated to drive the market over the forecast period. For instance, in December 2018, Neato Robotics announced the launch of Neato Zone Cleaning for the Botvac D7 Connected and No-Go Lines feature for Botvac D3 Connected. With the help of zone cleaning feature, consumers can highlight the portion or a dedicated area for active cleaning. Whereas, with the help of No-Go line, consumers can create no go zone. This innovation is offering flexibility to users for effective use of the product.

Growing trend of integration of devices with virtual assistance devices is creating opportunity for manufacturers in the market. Players are introducing this technology to gain a greater market share. For instance, in September 2019, iRobot updated the Amazon Alexa & IFTTT functionality in Wi-Fi enabled Roomba robots in India and other developing countries. Consumers can start, stop, and pause the help of voice activation command.

In terms of type, pool vacuum cleaner is estimated to expand at a CAGR of 16.0% from 2020 to 2027. Consumers are more inclined towards pool vacuum cleaner in order to remove rough debris with the brushing system, which also helps in removing bacteria and algae from pool surfaces, including floors and walls. As per Maytronics, there are around 25.5 million pools worldwide and around 19 million pools are cleaned without robots. This is creating significant growth opportunities for the market.

Offline distribution channel dominated the market with a revenue share of 67.3% in 2019. This is attributed to rising number of electronics and appliance specialty stores, resulting in increasing shelf space for marketing of products. Consumers are more inclined towards purchase of products from stores to find the right fit and understand the mechanism and functionality. Moreover, consumers can get the demo of the working pattern of the product. Sales representatives at the stores help consumers to find the right product as per the need.

Europe emerged as the second largest regional market in 2019. Countries such as Germany and U.K. are supporting the growth in the region. Consumers’ willingness to spend on added value and innovative small electronic appliances simplifying life is the major factor fueling the regional market growth.

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Robotic Vacuum Cleaner Market Report Highlights

• By type, floor vacuum cleaner dominated the market with a share of 82.4% in 2019

• Online distribution channel is expected to expand at the fastest CAGR of 19.1% from 2020 to 2027

• Asia Pacific is expected to witness the fastest growth from 2020 to 2027.

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Robotic Vacuum Cleaner Market Segmentation

Grand View Research has segmented the global robotic vacuum cleaner market by type, distribution channel, and region:

Robotic Vacuum Cleaner Type Outlook (Revenue, USD Million, 2016 – 2027)                                              

    • Floor Vacuum Cleaner                            

    • Pool Vacuum Cleaner                     

Robotic Vacuum Cleaner Distribution Channel Outlook (Revenue, USD Million, 2016 – 2027)

    • Online

    • Offline

Robotic Vacuum Cleaner Regional Outlook (Revenue, USD Million, 2016 – 2027)           

    • North America       

        • U.S.

    • Europe                     

        • Germany

        • U.K.

        • Italy

    • Asia Pacific

        • China

        • Japan

    • Rest of the World

        • Saudi Arabia

Robotic Vacuum Cleaner End Use Outlook (Revenue, USD Million, 2014 – 2025)        

    • iRobot Corporation

    • Ecovacs Robotics

    • Xiaomi Corporation

    • Beijing Roborock Technology Co., Ltd.

    • SharkNinja Operating LLC

    • Neato Robotics, Inc.

    • Cecotec Innovaciones S.L.

    • Panasonic Corporation

    • Samsung Electronics Co., Ltd.

    • Dyson Ltd.

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Browse More Related Report:

Vacuum Cleaner Market Size, Share & Trends Analysis Report By Product (Canister, Central, Drum, Robotic, Upright, Wet & Dry), By Distribution Channel, By Application, By Region, And Segment Forecasts, 2021 – 2028

About Grand View Research

Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

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