Global Residential Robotic Vacuum Cleaner Market

Residential Robotic Vacuum Cleaner Market: Growing Inclination Towards Automated Cleaning Expected to Fuel Market Growth: Global Industry Analysis and Opportunity Assessment, 2016-2021

Cleaning tight corners and hard-to-reach spaces in homes, floors, pools, and other residential spaces is often difficult without an efficient cleaning tool. Residential robotic vacuum cleaners, popularly known as robovacs, are widely used for effectively cleaning residential surfaces. Robovacs are equipped with intelligent sensors and several advanced features that enable room mapping, laser vision, and self-charging. Growing urban settlements and busier lifestyles of people across urban areas are predominantly driving the global market for residential robotic vacuum cleaner.

The global residential robotic vacuum cleaner market is expected to grow impressively over the next five years. During the forecast period 2016-2021, FMI indicates that the market may see exponential growth, taking a leap from US$ 1,491.0 Mn expected in 2016, to US$ 2,475.0 Mn by the end of 2021. Throughout the forecast period, the market for residential robotic vacuum cleaner is anticipated to expand at a healthy CAGR of 12%.

Changing Lifestyle and Growing Inclination toward Automated Cleaning Fuels Market

Increased emphasis on the quality of indoor air, improving lifestyle 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. In addition, rising disposable earning in dual-income households is strongly supporting the sales of vacuum cleaners across the globe. A few more key drivers sustaining sales in global market include compact size, light weight, portability, and time-efficiency of residential robotic vacuum cleaners that facilitate cleaning and mopping on a daily basis.

Burgeoning Concerns about Health and Indoor Air Pollution Propel Sales

Increasing priority to health and hygiene, coupled with a growing tendency to lead a sustainable lifestyle, induce the need for efficient, automated home cleaning solutions. This will remain another major driver to the residential vacuum cleaner market. Moreover, rising prevalence of asthma raises the demand for vacuum cleaners with HEPA filters, ultimately contributing to the market growth. Rising preference for indoor air pollution management among the population of developing countries has been fuelling the growth of the market since the past few years.

Key Market Trends Continue to Push Market Growth

Superior performance and enhanced functionality of robotic vacuum cleaners will remain the key factors augmenting the adoption of vacuum cleaners in households. A growing trend of bag-less vacuum cleaners is also identified to accelerate market growth. In addition, rising adoption of automated cleaners in emerging economies is a remarkable trend that has been positively impacting the market since the past few years.

New Product Launches Set to Sway the Market

The market has been witnessing a few innovations, such as vacuum cleaners with UV sterilisation, spinning brushes, security cameras, and so on. Such advancements are expected to push the market further. Discovery of a novel technology stair-climbing robotic vacuum cleaners is likely to present lucrative opportunities in near future. However, strict regulatory measures regarding energy-efficiency and higher costs of robotic vacuum cleaners will continue to pose a challenge to market growth in the long run.

In-house Robot Continues to Dominate Outdoor Robot

Based on robot type, the global residential robotic vacuum cleaners market is segmented into in-house robot and outdoor robot segments. In-house robot segment is likely to dominate with nearly 75% market share by 2021 end, attributed to the convenience of charging manually as well as automatically. However, adoption of outdoor vacuum cleaners is expected to rise over the next few years. This segment will exhibit a robust CAGR of 20.1% over the assessed period.

Europe Remains the Largest Market, Middle East and Africa Emerges Faster

On the basis of regional analysis, the market for residential robotic vacuum cleaner in Europe has been registering the highest revenue share over the years. This region will continue to dominate over the forecast period as well, accounting for nearly 44% share by 2021 end. Asia Pacific is likely to expand at a significant CAGR of 13.4%, whereas MEA is projected for the fastest CAGR over 2016-2021.

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Product Innovation Is on the Paramount for Key Players

Some of the most prominent players in the global residential robotic vacuum cleaners, include Yujin Robot, Co., Ltd., Neato Robotics, Inc., Ecovacs Robotics, Inc., Robot Corporation, Samsung Electronics Co., Ltd., Dyson Inc., Hayward Industries, Inc., Philips Electronics N.V, Milagrow Business & Knowledge Solutions (Pvt.) Limited, and Pentair plc. Recently in 2015, iRobot Corporation introduced a robotic vacuum cleaner (Roomba 980) with in-built adaptive navigation, visual localisation, and connected app control. It is designed for enhanced efficiency on carpets. A majority of leading companies are increasingly concentrating on R&D of unconventional products in order to gain a competitive edge.

FMI’s newly published report “Residential Robotic Vacuum Cleaner Market: Global Industry Analysis and Opportunity Assessment, 2016–2021” presents a five-year forecast for the global residential robotic vacuum cleaner market between 2016 and 2021. The prime objective of this report is to provide insights on the advancements in the global residential robotic vacuum cleaner market. Our comprehensive study demonstrates market dynamics that are expected to influence the current environment and future status of the global residential robotic vacuum cleaner market over the aforementioned forecast period (2016–2021).

In this report, we have focused on the market performance and identified the drivers, restraints, and trends that are likely to influence the global residential robotic vacuum cleaner market over the next few years. We have also provided information on opportunities available for manufacturers and key players operating in the global 3D printed medical devices market. 

Report Description

The report begins with the market definition, followed by definitions of the different technologies and terminologies used in residential robotic vacuum cleaner. The market dynamics section includes our in-depth analysis of the key trends, drivers, restraints, opportunities, and macro-economic factors influencing the growth of the global residential robotic vacuum cleaner market. The report analyses the market on the basis of product type, mode of charging, and region. The segmentation section presents a forecast in terms of value and shipment for the next five years.

The global residential robotic vacuum cleaner market is segmented on the basis of robot type, into:

  • In-house robot
  • Outdoor robot

On the basis of mode of charging, into:

  • Manual charging
  • Auto battery charging

By region, into:

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)

In the final section of the report, a competitive landscape has been included to provide a dashboard view of key companies operating in the global residential robotic vacuum cleaner market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the residential robotic vacuum cleaner market and the potential players. This section also includes market strategies and SWOT analysis of the main players operational in the global residential robotic vacuum cleaner market.

Research Methodology

To deduce the market size, the report considers various aspects based on secondary research. The forecast presented in the report assesses total revenue generated and expected revenue contribution by the global residential robotic vacuum cleaner market. When developing the market forecast, the report begins with sizing the current market, which forms the basis for market forecasting. Given the characteristics of the market, we have triangulated the data via different analysis based on supply side and demand side drivers and other dynamics of the global residential robotic vacuum cleaner market.

It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities for market players operating in the global residential robotic vacuum cleaner market. Another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global residential robotic vacuum cleaner market. To understand the growth and performance of key segments in the global residential robotic vacuum cleaner market, we have developed a market attractiveness index to help providers identify existing market opportunities in the global residential robotic vacuum cleaner market.