The global market for residential robotic vacuum cleaners demonstrated a notable growth trajectory in recent years. In 2021, the market generated an estimated revenue of approximately US$ 2.3 billion. This impressive performance is expected to continue into 2022, with anticipated revenues reaching US$ 2.5 billion.
A key driver behind this growth is the increasing awareness of the importance of hygiene, coupled with the rising trend of smart homes. These factors have collectively contributed to a surge in demand for residential robotic vacuum cleaners.
Looking ahead, the market is poised for substantial expansion, with a projected CAGR of 14.5% from 2022 to 2032. By the end of this period, it is anticipated that the market will attain a substantial valuation of approximately US$ 9.7 billion. This growth trajectory underscores the robust prospects and opportunities within the residential robotic vacuum cleaner market, driven by evolving consumer preferences and technological advancements.
As per the FMI’s study on the residential robotic vacuum cleaner market, it has been shown that the demand for robotic vacuum cleaners has significantly risen due to the emergence of advanced technology and efficient cleaning.
The robotic vacuum is also known as Robovacs, which comprises intelligent sensors and various other advanced features in order to ensure a clean and tidy household. Attributing to the growing urban households has increased the sales of residential robotic vacuum cleaners.
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Key Takeaways
- Owing to the rising awareness about hygiene post-Covid-19 outbreak combined with rising pollution levels and higher density of dust particles in the air has fueled the sales of the residential robotic vacuum cleaner.
- According to various research, it is predicted that the future of the residential robotic vacuum cleaner market looks fruitful. This is possible because of the emergence of the latest sensor technology combined with the automation of indoor services. These factors are expected to surge growth in the market in the future.
- Growing urban settlements paired with sluggish lifestyles have led people across urban areas to adopt residential robotic vacuum cleaners. In addition to that, high-tech features and robotics under Industries 4.0 go well with the need for convenient lifestyle shifts and are gaining traction in the market, fueling the sales of residential robotic vacuum cleaners.
- The demand for better air quality is yet another reason responsible for pushing sales in the market. Global health concerns such as air pollution are taken into consideration by people in the higher or upper-middle-class strata. In order to prevent these diseases, new experiments and innovative research have been done. Residential robotic vacuum cleaners are one such example.
- The rising prevalence of the quality of indoor air has been given recently due to improving lifestyles in developing regions, busier daily schedules, and lack of time for household chores are identified to be the key factors that will continue to create the demand for residential robotic vacuum cleaners. Furthermore, surging disposable incomes in dual-income houses are immensely contributing to the sales of vacuum cleaners across the globe.
Key Players in Residential Robotic Vacuum Cleaner Market:
- iRobot Corporation
- Xiaomi
- Neato Robotics Inc.
- Dyson Inc.
- ECOVACS
- Hayward Industries Inc.
- Koninklijke Philips N.V.
- Samsung Electronics Co. Ltd.
- Pentair
- Milagrow Business
- Knowledge Solutions (Pvt) Limited
Prominent market players are focusing on innovating their products. Due to the higher competition in the market, new start-ups are drastically opting for problem-solving skills with the help of artificial intelligence platforms while simultaneously enhancing the performance of these cleaners through Nanotechnology.
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More Insights into the Residential Robotic Vacuum Cleaner Market
The European market is predicted to hold the maximum market share owing to the higher income levels in European countries combined with changing climate and rising pollution levels in Europe.
The Asia Pacific region is anticipated to create lucrative opportunities for the global residential robotic vacuum cleaner market attributed to the hike in pollution levels in these countries. Over the past few years, countries like India and Japan have witnessed rising cases of lung diseases such as asthma and other allergies due to the increased number of dust particles in the air are fueling the sales of residential robotic vacuum cleaners in the region.
Indian market is also set to exhibit phenomenal growth in the global residential robotic vacuum cleaner market landscape with the highest CAGR of 20.8% between 2022 and 2032 while Japan thrives at a significant CAGR of 11.2%.
Residential Robotic Vacuum Cleaner Market by Category
By Type:
- In-house Robot
- Outdoor Robot
By Charging Mode:
- Manual Charging
- Auto-Battery Charging
By Operation Mode:
- Self-drive Robot
- Remote Control Robot
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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