16 July 2019 - Global Robotic Vacuum Cleaner Market is expected to grow at a significant CAGR of 17.19% in the upcoming period as the scope and its applications are rising enormously across the globe. A robotic vacuum cleaner is also termed, as “robovac” is a cleaning instrument that comprises excellent programming and a limited vacuum cleaning system.
The factors that are playing a major role in the growth of market are the growing demand from the end-users, the growing respiratory related diseases, and the presence of air filters like HEPA in robotic vacuum cleaners. However, the threat from substitutes may restrain overall market growth in the years to come. Market is segmented based on type, charging type, end-user, distribution channel, and region.
Robotic pool and floor vacuum cleaner are the types that could be explored in a robotic vacuum cleaner market in the forecast period. The robotic floor vacuum cleaner sector accounted for the substantial market share of the robotic vacuum cleaner and is estimated to lead the overall market in the years to come. The reason could the growing demand from end-users like residential and commercial users.
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Based on the charging type, automatic charging and manual charging could classify robotic vacuum cleaner market in the forecast period. The manual charging sector accounted for the substantial market share of the robotic vacuum cleaner and is estimated to continue its dominance in the years to come. The reason could be the low cost of the product and its easy functioning. Also, the automatic charging sector is estimated to grow at the fastest pace in the years to come.
The market may be categorized based on end-users like commercial and residential consumers that could be explored in the forecast period. The commercial consumer’s sector comprises retail, hospitality, healthcare, offices, airports, educational institutes, and others. Residential sector accounted for the substantial market share of the robotic vacuum cleaner and is estimated to lead the overall market in the years to come.
Based on the distribution channel, retail sale, online channel, supermarket, and others could classify robotic vacuum cleaner in the forecast period. The online sector accounted for the significant market share of the robotic vacuum cleaner and is estimated to lead the overall market in the years to come. The reason could be ease of buying, availability of several varieties, and offers on the product.
Globally, North America accounted for the substantial market share of the robotic vacuum cleaner and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the rising need for large-scale replace of old-products with enhanced and high-tech vacuum cleaners. The United States is a major consumer of robotic vacuum cleaner in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of the robotic vacuum cleaner in this region.
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The key players of the robotic vacuum cleaner market are ILIFE Robotics Technology, iRobot Corporation, Sharp Corporation, ECOVACS ROBOTICS, Haier Electronics Group Co Ltd, Neato Robotics, Hayward Industries Inc., Dyson Ltd., Miele & Cie. KG, Samsung Electronics Co. Ltd., Panasonic Corporation, Maytronics Ltd., LG Electronics Inc., Metapo, Inc., and Koninklijke Philips N.V. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
The key points of this report are:
To analyze and study the global Robotic Vacuum Cleaner capacity, production, value, status (2013-2017) and forecast (2018-2025);
Focuses on the key Robotic Vacuum Cleaner manufacturers, to study the capacity, production, value, market share and development plans in future.
Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
To strategically profile the key players and comprehensively analyze their growth strategies.
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