The Rise of Robotic Vacuum Cleaners: Market Trends and Future Outlook


Posted August 26, 2024 by ankitabarure

the proliferation of internet-connected and voice-controlled robotic vacuums is expected to offer growth opportunities for the players operating in this market.
 
According to the latest publication from Meticulous Research®, the global market for robotic vacuum cleaners is anticipated to reach $33.3 billion by 2031, growing at a CAGR of 26.9% from 2024 to 2031. The primary drivers of this market growth include the increasing penetration of smart and connected home products, the rising demand for energy-efficient appliances, and higher disposable incomes. However, high maintenance costs are expected to pose a challenge to market expansion.

Additionally, the surge in internet-connected and voice-controlled robotic vacuums presents significant growth opportunities for market participants. On the other hand, navigation challenges in robotic vacuum cleaners remain a key obstacle affecting market growth.

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The global robotic vacuum cleaners market is segmented by type (cleaning robots, hybrid robots, mopping robots), distribution channel (online, offline), operation (self-driven, remote-controlled), price range (below USD 200, USD 201 to USD 500, above USD 501), and application (residential, commercial (hospitality, healthcare, retail, offices, other commercial applications)). The study also evaluates industry competitors and analyzes the market at regional and country levels.

Based on type, the market is categorized into cleaning robots, hybrid robots, and mopping robots. In 2024, the cleaning robots segment is expected to hold the largest share of over 48% of the global robotic vacuum cleaners market. This dominance is attributed to the growing demand for smart and connected cleaning products, the emphasis on improved functionality and performance without human intervention, and the increasing importance of maintaining clean and hygienic homes. These robotic vacuum cleaners employ various technologies, such as online home mapping, remote access, and anti-collision systems, to ensure efficient cleaning.

The hybrid robots segment, however, is projected to register the highest CAGR during the forecast period. This growth is driven by the need for Wi-Fi connectivity, advancements in mopping technology, and a growing focus on hygiene. Hybrid vacuums provide a two-in-one solution, combining vacuuming and mopping, thus saving time and effort.

In terms of distribution channels, the market is divided into online and offline segments. In 2024, the online segment is expected to account for a larger share of over 83% of the global robotic vacuum cleaners market. This is due to the rise of e-commerce, the convenience of home shopping, the wide range of available vacuum cleaners, discounts, detailed product information, and the ability to compare different models and brands. Online platforms allow companies to display a full range of products, catering to diverse customer preferences and needs. This segment is also expected to record the highest CAGR during the forecast period.

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Regarding operation, the market is split into self-driven and remote-controlled segments. The self-driven segment is anticipated to hold a larger share of over 68% of the global market in 2024. This segment's growth is supported by advancements in automation, AI, and IoT in robotic vacuums. Innovations in sensor technology, AI, and internet connectivity are driving the demand for self-driven robotic vacuum cleaners, which are cost-efficient and clean floors faster than remote-controlled models.

The remote-controlled segment, however, is projected to exhibit the highest CAGR during the forecast period. This growth is attributed to the rising demand for AI-enabled vacuum cleaners, strategic developments by key players to offer remote control functionalities via smartphone apps, and technological advancements in home appliances. Remote-controlled vacuum cleaners include a vehicle for positioning and moving on the floor, along with a handheld remote-control device and a transmitter for sending control signals.

Based on price range, the market is divided into below USD 200, USD 201 to USD 500, and above USD 501 segments. The USD 201 to USD 500 segment is expected to hold the largest share of over 40% of the global market in 2024. This is due to the demand for additional features such as security cameras, advanced sensors to prevent furniture collisions, sophisticated mapping and navigation systems, and remote-controlled functionalities. These vacuums are also compatible with Google Assistant and Amazon Alexa for voice commands during cleaning.

However, the above USD 501 segment is projected to register the highest CAGR during the forecast period, driven by increased investment in premium appliances, the popularity of smart home devices, and the demand for high-end vacuums with stronger suction power, better filtration systems, and specialized attachments for deep cleaning.

By application, the market is segmented into residential and commercial categories. The residential segment is expected to hold a larger share of over 78% of the global market in 2024, driven by busy consumer lifestyles, technological advancements in home appliances, and increased awareness of hygiene. Innovations in the residential robotic vacuum market include UV sterilization, spinning brushes, and security cameras for homes, pets, and older adults. Companies are continually integrating new technologies into robotic vacuum cleaners. This segment is also projected to register the highest CAGR during the forecast period.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to hold the largest share of over 45% of the global market. Market growth in this region is driven by the importance of clean and hygienic homes, consumer preferences for intelligent home appliances, the adoption of smart and connected home products, and the availability of advanced products. Increased purchasing power in China and South Korea also drives demand for automated electronic products. This region is projected to record the highest CAGR of over 24% during the forecast period.

Key Players:
Leading players in the global robotic vacuum cleaners market include iRobot Corporation (U.S.), ECOVACS Robotics Co., Ltd. (China), Beijing Roborock Technology Co. Ltd. (China), Anker Innovation Technology Co., Ltd. (China), Samsung Electronics Co., Ltd. (South Korea), Shenzhen Proscenic Technology Co. Ltd. (China), Neato Robotics, Inc. (U.S.), Cecotec Innovaciones S.L. (Spain), LG Electronics Inc. (South Korea), Dyson Limited (U.K.), Panasonic Corporation (Japan), and Sharp Corporation (U.S.).


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Key Questions Answered in the Report:
1. What are the high-growth market segments in terms of type, distribution channel, operation, price range, and application?
2. What is the historical market size for the global robotic vacuum cleaners market?
3. What are the market forecasts and estimates for 2024–2031?
4. What are the major drivers, restraints, opportunities, challenges, and trends in the global robotic vacuum cleaners market?
5. Who are the major players in the global robotic vacuum cleaners market, and what are their market shares?
6. What is the competitive landscape like?
7. What are the recent developments in the global robotic vacuum cleaners market?
8. What are the different strategies adopted by major market players?
9. What are the trends and high-growth countries?
10. Who are the local emerging players in the global robotic vacuum cleaners market, and how do they compete with other players?


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Issued By ankitab
Country India
Categories Advertising , Marketing , Research
Tags robotic vacuum cleaners market
Last Updated August 26, 2024