"We Envision Growth Strategies Most Suited
to Your Business"
September 09, 2019 | Machinery & Equipment
The Global Robotic Vacuum Cleaners Market value is projected to touch US$ 39.1 Bn by 2026, a massive leap from US$ 6.5 bn in 2018. Crucial market analysis is provided by Fortune Business Insights in its report, titled “Robotic Vacuum Cleaners Market Size, Share and Global Trend By Type (Floor Vacuum Cleaner, Window Vacuum Cleaner, Pool Vacuum Cleaner), By Application (Household and Commercial), By Operation Mode (Self-Drive & Remote Control), By Distribution Channel (Online & Offline), By Price (Below US$ 150, US$ 150 – 300, US$ 300 – 500, Above US$ 500) and Geography Forecast till 2026”. The report also contains a comprehensive assessment of factors that will influence the market during the forecast period. According to the report, the global market will exhibit a CAGR of 25.3% between 2019 and 2026.
Robotic vacuum cleaners are AI-embedded cleaning machines with a smart navigation system, scheduling mechanism, and adjustable suction power. They offer a more cost-effective alternative to traditional cleaners in that additional spending on human resources is not required. Further, these robots can strengthen security in households by detecting unwanted activities such as burglaries.
Rising Demand for Robotic Vacuum Cleaners from the Household Sector to Drive the Market
Growing adoption of smart and automated technology for home uses is fueling the global robotic vacuum cleaners market growth. In the residential space, robotic vacuum cleaners are utilized for a variety of household activities such as UV sterilization and mopping. Integration of voice command software, such as Amazon’s Alexa, has further eased the use of robotic vacuum cleaners in households. Therefore, it is expected that the household sector will hold a major portion of the global market share. Moreover, companies are coming out with innovative products in this sector. For example, Panasonic launched robotic cleaners, MC-RS810 and MC-RS310, in 2018 in Japan. These vacuum cleaners are empowered with ultrasonic waves, infrared rays, and obstacle detecting sensors to clean rooms in the most effective way possible.
Industrial Application of the Technology to Expand the Market Considerably
In the industrial space, robotic vacuum cleaners aid in cleaning equipment and large spaces, resulting in their growing adoption across diverse industries such as pharmaceuticals, metalwork, retail, and so on. This can contribute to the expansion of the global robotic vacuum cleaners market size during the forecast period. Exciting new products are also being launched to cater to various industries. For example, Kevac SRL specifically created the KOIL230 to remove oil and coolants from machines engaged in metalwork. Besides expansion, industrial demand for technology can significantly boost the global robotic vacuum cleaners market revenue.
Asia-Pacific to Emerge as a Dominant Region; North America to Follow
Regionally, Asia-Pacific is expected to hold a major section of the global market share owing to the rapid technological progress being made in Japan and China. North America is projected to register an impressive growth rate after Asia-Pacific in the global market during the forecast period. This is primarily on account of innovation in AI and IoT technologies. In Europe, presence of major market players will propel the market till 2026, with majority of the demand being generated from Western Europe.
Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/robotic-vacuum-cleaners-market-100645
iRobot to Hold a Prominent Position in the Market, Sells More Than 20 Million Units in 2018
Among competitors, iRobot Corporation is the leading player in the global robotic vacuum cleaners market. The company has made big strides in developing robotic vacuum cleaner technology, such as its Braava and Roomba product lines. Other companies are also doubling down their investment in innovation. For example, in early 2019, ECOVACS launched the DEEBOT OZMO 960, its AI-powered floor cleaning robot for residential use. These innovations are expected to enhance the global market potential in the forecast period.
Fortune Business Insights has covered some of the key market players:
The market has been segmented in the following manner:
By Operation Mode
By Distribution Channel