According to a new market report published by Transparency Market Research titled ‘Residential Robotic Vacuum Cleaner Market (Product Type: In-House Robot, Outdoor Robot; Charging Type: Manual Charging, Battery Charging; Operation Mode: Self Drive, Remote Control; Distribution Channel: Online, Offline) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ the global residential robotic vacuum cleaner market is expected to reach US$ 4,112.1 Mn by 2026, expanding at a CAGR of 9.2% from 2018 to 2026. Europe held a significant share in the residential robotic vacuum cleaner market in 2017.
The global residential robotic vacuum cleaner market is expected to be driven by factors such as increasing expenditure on household appliances and increasing awareness about indoor health and hygiene. However, the global residential robotic vacuum cleaner market is expected to be challenged by the availability of substitutes in the market.
Investment in research and development to make the vacuum cleaners more efficient in suction power and long operation time is likely to offer attractive opportunities to the market. Efficiency, running time, and room coverage is trending in the global residential robotic vacuum cleaner market.
Changing lifestyles and busy work-schedules have led to the use of residential robotic vacuum cleaners. The lifestyle of people have changed over the past decade and people spend long hours in their office. This leads to lack of time to do household chorus and creates demand for robotic vacuum cleaners.
Rising technological advancements are expected to accelerate the residential robotic vacuum cleaner market across the world. Manufacturers are developing the product by introducing various changes in the product. For instance, Dyson Company launched Dyson 360 which has a 360° camera on the top and helps in navigation.
In 2017, Xiaomi Corporation launched a robotic vacuum cleaner with 12 different sensors for scanning the area and creates algorithm and a virtual map for efficient navigation. Increasing industrialization has led to rise in health hazards due to air pollution. Growth in awareness about health and benefits of vacuum cleaners are important factors which are creating huge opportunity for the residential robotic vacuum cleaner market across the world.
The global residential robotic vacuum cleaner has been segmented on the basis of product, charging type, operation mode, distribution channel, and geography. Based on product, the market has been segmented into in-house robot and outdoor robot. As compared to outdoor robot, in-house robot is expected to hold major share in the overall residential robotic vacuum cleaner market.
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On the basis of charging type, the market has been classified into manual charging and battery charging. In manual charging, the robotic vacuum cleaner gets charged through human interaction and in battery charging, the robotic vacuum cleaner gets to the station for the charge whenever the sensor detects the battery low information. This increases the market attractiveness of the battery charging segment.
Based on operation mode, the market is segmented into self-drive and remote control robot. Self-drive robot does not require any human interference and operates automatically, while the remote control robotic vacuum cleaner needs humans to operate and monitor the operation of the robotic vacuum cleaner. Although it is the largest contributor to the global residential robotic vacuum cleaner market, the remote control segment is expected to witness slower growth rate as compared to the self-drive segment over the forecast period.
The residential robotic vacuum cleaner market is fragmented due to the presence of several players. Competition is expected to intensify in the coming years, due to the entry of several local players. Key companies profiled in the research report include iRobot Corporation, Neato Robotics, Inc., Dyson Inc, Ecovacs Robotics, Inc, Philips Electronics N.V, Samsung Electronics Co., Ltd, BLACK+DECKER Inc. (Stanley Black & Decker, Inc.), Robert Bosch GmbH, Panasonic Corporation, Miele & Cie. KG, LG Electronics Inc, Haier Group Corporation, Electrolux AB, Bissell Inc, Cecotec Innovaciones Sl, and others.