July 13, 2021 00:13 ET | Source: Fortune Business Insights Fortune Business Insights
Pune, India, July 13, 2021 (GLOBE NEWSWIRE) - Due to the increasing popularity of automation products, the global robotic vacuum cleaner market is expected to reach US$46.75 billion by 2027. According to the report entitled "Robot Vacuum Cleaner Market Size, Share and Impact Analysis of COVID-19" released by Fortune Business Insights, by type (floor vacuum cleaner, window cleaner, pool cleaner), by application (home and business), 2020-2027 According to operating model (self-driving & remote control), distribution channel (online & offline), price (under 150 USD, 150-300 USD, 300-500 USD, 500 USD and above) and regional forecasts, "The market’s growth in 2019 The value is 8.19 billion U.S. dollars. During the forecast period from 2020 to 2027, the compound annual growth rate of this market may be 24.4%.
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The report on the robotic vacuum cleaner market provides a comprehensive overview, focusing on growth drivers, constraints, challenges and upcoming opportunities. It also discusses key industry developments, current trends, and other interesting insights into the market. The report also emphasized market competition and listed the names of leading companies. The report can be sold on the company website.
Regional analysis-the Asia-Pacific region gains dominance due to the launch of the latest innovations
Among all regions, the Asia-Pacific region had revenue of US$2.6 billion in 2019 and gained the largest market share of robotic vacuum cleaners. This is because of the continuous introduction of innovative technologies, especially those from Japan, as well as new players in the regional robotic vacuum cleaner market. On the other hand, due to the increasing adoption of technologically advanced vacuum cleaners in the residential sector, the North American market will show significant growth in the forecast year. In addition, due to the increasing popularity and light weight of cordless vacuum cleaners, the European market will also generate considerable revenue in the next few years.
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Emergence of smart software programming in vacuum cleaners to promote growth
Various factors have contributed to the growth of the global robotic vacuum cleaner market. These include the introduction of industrial robots, the increasing popularity of robotic vacuum cleaners, and the growing demand from industries such as healthcare, automobiles, and manufacturing. In addition, the introduction of the latest technologies into vacuum cleaners, such as adjustable suction power, intelligent navigation systems, intelligent software programming, etc., will also promote market growth.
On the other hand, high installation and maintenance costs may seriously hinder market growth. In addition, the rough use of these machines will minimize the productivity and service life of robotic vacuum cleaners, thereby hindering market growth.
The floor vacuum cleaner segment dominates due to its time-saving features
Among all types of robotic vacuum cleaners, the floor vacuum cleaner market segment dominates in 2019. This is because of the time savings and less operational complexity associated with floor vacuum cleaners. However, the pool cleaner market segment gained a 21.3% share in 2019 and is expected to see significant growth due to increasing demand for residential and commercial applications.
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The latest product that introduces artificial intelligence technology-the focus of players' attention
At present, iRobots occupies the largest share in the market competition. In 2018, the company's global sales reached more than 20 million units. The factors contributing to this successful revenue generation include other categories, such as lawn mowers, security systems, and other categories in the household robot cleaner segment. Other players are also investing heavily to stand out from the crowd and gain an important position in the competition.
December 2019-Cobos launched a new floor and wall robot vacuum cleaner called DEEBOT Ozmo 920.
January 2019-Cobos launched DEEBOT Ozmo 960 with integrated artificial intelligence at the Consumer Electronics Show in Las Vegas.
The list of companies introduced in the Robot Vacuum Cleaner Market Report:
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