August 08, 2022
According to the business intelligence report titled ‘Global Robotic Vacuum Cleaner Market (2022 Edition) - Analysis By Operation Mode, Types, Sales Channel, End Use, End Users, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)’, available with MarketStudyReport, global robotic vacuum cleaner market which crossed a valuation of USD 6.01 billion in 2021, is anticipated to yield modest returns by the end of 2027.
Expert analysts cite that rising disposable income levels in developed economies, and incorporation of significant advancements in product mechanisms are the primary factors propelling global robotic vacuum cleaner market growth.
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Moreover, a huge concentration of original equipment manufacturers (OEMs) & original design manufacturers (ODMs) in emerging nations is further likely to escalate industry development in the forthcoming years.
Moving on to segmentation, the industry's scope is divided into groups based on types, operation mode, sales channel, range of end-use, and end-users.
Shedding light on operation mode, the fully automatic segment has maintained its profitability graph over the past few years and is anticipated to witness notable growth over the forecast timeframe, owing to escalating prevalence of manufacturing plants that have integrated advanced technologies in their production processes in recent years.
Speaking of type, the hybrid segment of worldwide robotic vacuum cleaner market is likely to progress at a decent rate through 2027, backed by the product’s affordability and efficiency.
Considering end-use, the floor cleaning vacuum cleaner segment is predicted to account for a considerable share of the market by the year 2027, due to the popularity of floor cleaning equipment among consumers being much higher than the other uses.
In terms of end-users, the residential segment is anticipated to foresee promising growth over the analysis timeframe, attributable to the growing adoption of robotic vacuum cleaners in households where employing a house-help is relatively more
expensive.
From a regional frame of reference, Asia Pacific industry is slated to account for a significant revenue share by the end of 2027, ascribed to burgeoning urban population, higher disposable income, and surging demand for improved quality services through minimal errors and better performance, promoting a greener environment
Lastly, accomplished companies such as Samsung Group, Robert Bosch GmbH, LG Electronics Inc., Beijing Roborock Technology Co. Ltd., Xiaomi Corporation, Dyson Ltd., iRobot Corporation, Bissell Homecare Inc., Neato Robotics, and Ecovacs Robotics are influencing global robotic vacuum cleaner industry dynamics.