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Robotic Vacuum Cleaners Market To Expand At 11.2% CAGR Between 2018 And 2026

The purpose of the report is to illustrate the state of the market of Robotic Vacuum Cleaners, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

Robotic vacuum cleaners are automated cleaning equipment that allow users to clean facility autonomously without human control. Few years back, robots were looked upon as a futuristic luxury, but today, they make up around 20% of the worldwide vacuum cleaners market. Robotic vacuum cleaners enable comparatively quick and easy cleaning of large spaces than manual cleaning. In addition, since robotic vacuum cleaners do not require manual intervention for operations, they significantly reduce costs (human resources) and time required for cleaning process, thereby improving the overall efficiency of home owners and business organizations. Robotic vacuum cleaners are gaining prominence not only among home owners but also commercial and industrial facilities. With the introduction of cleanliness standards, industrial facilities and business organizations are spending substantially on cleaning equipment and accessories. Changing socioeconomic factors like increased female employment leading to increased number of dual-income households is one of the major trends driving sales of robotic vacuum cleaners across the globe. In addition, greater emphasis on quality of indoor air and growing awareness regarding the advantages offered by these equipment over manual cleaning bodes well for the growth of the robotic vacuum cleaners market.

Robotic Vacuum Cleaners Market

Competitive Insights:

The global robotic vacuum cleaners market is fragmented and highly competitive. The market is characterized by the presence of both international and domestic players. Some of the leading manufacturers profiled in the study include iRobot Corporation, Dyson Ltd., ILIFE Robotics Technology, Neato Robotics, Samsung Electronics Co. Ltd., Ecovacs Robotics, Yujin Robots Co., Ltd., Maytronics Ltd., LG Electronics Inc., Metapo, Inc, Koninklijke Philips N.V., Panasonic Corporation, Miele & Cie. KG, Hayward Industries Inc., and Sharp Corporation among others. Proliferation of the Internet retailing has helped reducing purchase cost of robotic vacuum cleaners, further intensifying competition among manufacturers. As of 2017, sales of robotic vacuum cleaners were greater through direct retail than the Internet. However, it is anticipated that their sale would probably improve through online with the proliferating Internet penetration and growing e-commerce industry. With the growing popularity of robot vacuum cleaners, manufacturers are striving to develop advanced products with improved connectivity through the integration of the cloud, AI, and IoT. For instance, manufacturers have recently developed a state-of-the-art robotic vacuum cleaner integrated with cameras and intercom systems, thereby serving dual purpose of cleaning and security. Thus, with advancements in technology and consequent introduction of advanced variants, demand for robotic vacuum cleaners will surge further during the forecast period.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Robotic Vacuum Cleaners buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Robotic Vacuum Cleaners contains:

Analysis and forecast of Robotic Vacuum Cleaners market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Robotic Vacuum Cleaners market;

Assessment and forecast of Robotic Vacuum Cleaners market development;

Financial and business profiles of the leading companies in the Robotic Vacuum Cleaners industry.

Scope

– Up to date working Robotic Vacuum Cleaners data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Robotic Vacuum Cleaners for the period 2018 to 2026

– Planned Robotic Vacuum Cleaners additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Robotic Vacuum Cleaners projects by region, key countries, and companies

– Details of major planned Robotic Vacuum Cleaners projects in the world up to 2026

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