According to TechSci Research report, “Global Robotic Vacuum Cleaner Market By Type, By End User, By Region, Competition Forecast & Opportunities, 2012 – 2022”, the robotic vacuum cleaner market is anticipated to exhibit a CAGR of over 13% in value terms, during 2017-2022, globally on account of rising expenditure on lifestyle products along with growing awareness about indoor air pollution. In addition, robotic vacuum cleaners are gaining high traction over the last few years, especially owing to increasing female employment. Further, the manufacturing companies are bringing in new technologies to cater to the augmenting consumers demand for robotic vacuum cleaners. By 2019, number of smartphone users across the globe is forecast to cross 2.91 billion as compared to 2.12 billion in 2016 and global smart homes market size is estimated to reach $ 47.3 billion, both of which are predicted to have a significant positive impact on the global robotic vacuum cleaners market in the coming years.
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In 2016, floor vacuum cleaners captured a lion’s share in global robotic vacuum cleaner market, and the segment is forecast to maintain its dominance through 2022 on the back of on-going expansion in both the amount of floor space and the number of businesses worldwide, growth in demand for smart homes and rising trend of wooden flooring. Residential end user segment held the largest share in the market in 2016. Although, the market is governed by demand from residential sector, the hospitality sector offers much more promising growth prospects. In terms of region, Europe garnered the largest share in the market on account of expanding consumer electronics market, growing technological advancements and favorable government initiatives. The region is witnessing high demand for robotic vacuum cleaners due to increase in indoor pollution level and rising incidences of harmful respiratory diseases. Some of the leading players operating in the market include iRobot Corporation, ECOVACS ROBOTICS, Neato Robotics, Dyson Ltd., Samsung Electronics Co. Ltd., etc.
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“Growing women workforce, introduction of innovative products and greater emphasis on health and hygiene are identified to be the key factors that will continue to create demand for robotic vacuum cleaners in the coming years. Additionally, online availability of robotic vacuum cleaners and rising disposable income, especially in dual-income households, is strongly supporting the sales of robotic vacuum cleaners, globally. Besides that, demand from developing countries is expected to fuel market for robotic vacuum cleaners, with Asia-Pacific emerging as the fastest growing region during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Robotic Vacuum Cleaner Market By Type, By End User, By Region, Competition Forecast & Opportunities, 2012 – 2022” has evaluated the future growth potential of global robotic vacuum cleaner market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global robotic vacuum cleaner market.
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