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Robotic Vacuum Cleaner Market to Reach USD 50.65 Billion by 2028; Growing Demand for Automated Products in Residential Sectors to Amplify Market Growth

January 12, 2022 | Machinery & Equipment

The global robotic vacuum cleaner market size is anticipated to exhibit tremendous growth by reaching USD 50.65 billion by 2028. Fortune Business InsightsTM in its report titled “Robotic Vacuum Cleaner Market Size, Share & COVID-19 Impact Analysis, 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 USD 150, USD 150 – 300, USD 300 – 500, Above USD 500) and Regional Forecast, 2021-2028”, observes that the market size stood at USD 9.77 billion in 2020 and is expected to exhibit a CAGR of 27.2% between 2021 and 2028. The market is anticipated to reach USD 11.97 billion in 2021. The growing demand for automated products in residential sectors due to the rising inclination towards smart home technologies is likely to fuel the market growth.


Ecovacs’ New AI-driven Floor Cleaning Robot Vacuum Cleaner to Incite Development


In March 2020, Ecovas launched a new Artificial Intelligence-based floor cleaning robotic vacuum cleaner. The product satisfies the mopping, floor cleaning, and home monitoring requirements. It incorporates laser-based home mapping, remote monitoring, and object identification and avoidance functionalities. The new smart vacuum cleaner sets a new standard for efficient home cleaning with improved precision, intelligence, and speed.


Rising Adoption of Smart and Innovative Systems to Boost Market Growth


Residential robotic vacuum cleaners are generally used for UV sterilization, mopping, and security cameras for safety from fire or intruders. Major manufacturers are launching products incorporated with voice recognition abilities to interpret voice commands. The rising adoption of smart and innovative automated systems is projected to prevail as a key trend fostering the global robotic vacuum cleaner market growth. Additionally, the growing adoption of automated products is anticipated to bolster market growth in the coming years. The rising inclination towards smart home technologies is likely to fuel market growth.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/robotic-vacuum-cleaners-market-100645


Key Players New Products to Capture Growth


The market is fairly fragmented and comprises several key players operating internationally and domestically. Amongst the top market players, Ecovacs and iRobot Corporation holds a substantial revenue share in the market. The key players emphasize extensive research and development activities to manufacture technologically advanced products. For instance, Ecovacs launched a new floor and wall robotic vacuum cleaner, DEEBOT Ozmo 920, in December 2019.


Industry Developments-



  • March 2020: Ecovacs launched a new TrueMapping technology equipped modern AI-driven floor cleaning robotic vacuum cleaner.


List of Key Players in the Global Market:



  • Dyson Ltd. (Malmesbury, U.K.)

  • Ecovacs (Suzhou, China)

  • iRobot Corporation (Massachusetts‎, U.S)

  • LG Electronics (Seoul, South Korea)

  • Samsung Corporation (Seoul, South Korea)

  • Proscenic (Zhengzhou, China)

  • Matsutek Enterprises Co. Ltd. (Taipei, Taiwan)

  • Neato Robotics (Newark, California)

  • Koninklijke Philips N.V. (Amsterdam, Netherlands)

  • Robert Bosch GmbH (Gerlingen, Germany)

  • Panasonic Corporation (Osaka‎, Japan)

  • Bissell Inc. (Grand Rapids, Michigan)

  • Miele & Cie. KG (Gütersloh, Germany)

  • Sharp Corporation (Osaka‎, Japan)


Further Report Findings-



  • The market size in Asia Pacific stood at USD 3.09 billion in 2020 and is poised to hold the largest global market share in the coming years. The decreased unit price in China is likely to be a key factor driving the region’s market growth. The presence of several manufacturers in China is anticipated to boost the growth of the region’s market. Additionally, the exceptional growth observed in Japan due to innovative, advanced product launches is expected to complement the region’s market growth.

  • According to the segmentation based on type, the floor type of cleaner segment is anticipated to witness the highest growth during the forecast period. The smart robotic floor cleaning requirements across commercial and household sectors are likely to fuel the segment’s growth.


Table of Segmentation






























































  ATTRIBUTE



  DETAILS



Study Period



2017 – 2028



Base Year



2020



Estimated Year



  2021



Forecast Period



2021 – 2028



Historical Period



2017 – 2019



Unit



Value (USD billion)



Segmentation



Type, Application, Operation Mode, Distribution Channel, Price and Region



By Type




  • Floor Vacuum Cleaner

  • Window Vacuum Cleaner

  • Pool Vacuum Cleaner



By Application




  • Household

  • Commercial



By Operation Mode




  • Self-Drive

  • Remote Control



By Distribution Channel




  • Online

  • Offline



By Price




  • Below USD 150

  • USD 150 - 300

  • USD 300 - 500

  • Above USD 500



By Region




  • North America (By Type, Application, Operation Mode, Distribution Channel, Price and Country)

    • U.S. (By Type)

    • Canada (By Type)



  • Europe (By Type, Application, Operation Mode, Distribution Channel, Price and Country)

    • U.K. (By Type)

    • Germany (By Type)

    • France (By Type)

    • Rest of Europe



  • Asia Pacific (By Type, Application, Operation Mode, Distribution Channel, Price and Country)

    • China (By Type)

    • India (By Type)

    • Japan (By Type)

    • Southeast Asia (By Type)

    • Rest of Asia Pacific



  • Middle East & Africa (By Type, Application, Operation Mode, Distribution Channel, Price and Country)

    • GCC (By Type)

    • South Africa (By Type)

    • Rest of the Middle East & Africa



  • Latin America (By Type, Application, Operation Mode, Distribution Channel, Price and Country)

    • Brazil (By Type)

    • Mexico (By Type)

    • Rest of Latin America




Robotic Vacuum Cleaners Market
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  • 2017-2019
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