Household Robot Market is expected to register a CAGR of 16.72% during the forecast period
Household Robot is increasing due to growing demand
for assistance with daily household chores in the forecast period, 2024-2028.
According to
TechSci Research report, “Global Household Robot Market - Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028 Global Household Robot market has witnessed tremendous
growth in recent years, reaching a valuation of USD 8.04 billion in 2022. The
market is projected to continue its strong upward trajectory, posting a CAGR of
16.72% from 2024 to 2028. The global household robot market has witnessed
significant growth in recent years, driven by its widespread adoption across
households. Critical household operations such as cleaning, companionship,
security, and assistance have recognized household robot-powered solutions as
essential tools for developing precise systems, optimizing workflows, and
improving outcomes within the home. Stringent regulations and guidelines around
safety, privacy, and energy efficiency have compelled families to make substantial
investments in digital transformation initiatives utilizing household robot
solutions to extract maximum value from daily routines while ensuring
compliance. Households worldwide rely on robust household robot platforms and
technologies to support their daily operations.
To address
unique household needs, household robot solution providers are actively
partnering with families to develop customized, integrated systems enabling
applications such as real-time monitoring, predictive analytics, remote
household management and performance benchmarking. These collaborations have
resulted in enhanced oversight of household tasks through advanced household
robot platforms equipped with analytical dashboards facilitating data-driven
decision making.
The development
of innovative capabilities such as machine learning, artificial intelligence,
and computer vision is also fueling demand in the household robot market for
solutions that help households improve efficiency, reduce workloads, enhance
safety, minimize environmental impact, and other key metrics. Integration of
emerging technologies with existing smart home and appliance systems promises
improved insights, higher productivity, and analytics-driven household
operations.
Government
policies promoting the adoption of advanced technologies, workforce upskilling,
and leading cybersecurity practices will continue driving investments in
digital transformation initiatives powered by household robot solutions. As
households increasingly rely on data analytics, demand in the household robot
market for advanced capabilities is projected to rise substantially over the
coming years.
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"Global Household Robot Market.”
The global household robot
market is segmented by type, component, end-use industry and region. Based on
type, the market is segmented into domestic robots and entertainment robots.
Domestic robots held the largest share of the market in 2022 and are expected
to maintain their dominance during the forecast period. By component, the
market is divided into products and services. The product segment dominated the
market in 2022 due to advancements in technologies and increasing demand for
innovative household robots.
In terms of end-use industry,
the market is segmented into residential, commercial, industrial, government
and public sector, healthcare, hospitality, education, retail, transportation
and others. The residential segment held the largest share in 2022 as household
robots are increasingly being adopted for domestic assistance and companionship
at home.
Regionally, the household
robot market has been segmented into North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa. Asia Pacific dominated the global market
in 2022 and is projected to continue its dominance during the forecast period.
This can be attributed to rapid urbanization, rising disposable incomes and
growing emphasis on automation in household tasks in countries such as China,
Japan and South Korea.
The global household robot
market is expected to witness fastest growth in the domestic robots segment by
type and product segment by component. The residential segment is anticipated
to emerge as the fastest growing end-use industry. Technological advancements
enabling enhanced capabilities and declining production costs are some key
factors expected to drive continued market expansion.
Major companies operating in Global Household
Robot Market are:
- IRobot
- Neato Robotics
- Samsung Electronics
- Ecovacs Robotics
- Alfred Kärcher SE & Co.
KG
- LG Electronics
- Hayward Industries
- Dyson
- Bissell Homecare
- Vorwerk.
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“The household
robot market has experienced substantial growth in recent years, driven by its
widespread adoption across households. Critical household operations such as
cleaning, companionship, security, and assistance rely heavily on household
robot solutions to generate accurate insights and streamline workflows.
Household robot
solutions play a pivotal role in providing real-time data on household tasks
and analytics through interactive apps and dashboards. This empowers families
to generate comprehensive reports, automate routine chores, and ensure strict
schedules and routines are followed. Additionally, these solutions facilitate
seamless integration with smart home devices and offer customization to
strengthen household management and enhance efficiency.
Leading
households have recognized the value of strategic partnerships with major
household robot providers to digitally transform their homes and modernize
processes. Such partnerships allow residents to focus on optimizing household
productivity and improving overall convenience. Integrated systems foster
collaboration among family members, provide enhanced visibility of household
robot progress, and enable achievement of goals like timely task completion.
To meet evolving
household needs, household robot vendors continue innovating in areas such as
machine learning, task automation, and cybersecurity. This ongoing innovation
aims to develop secure, scalable, and user-friendly solutions addressing
diverse household requirements. Incorporating advanced technologies enables
household robot providers to offer cutting-edge solutions that maximize
effectiveness and efficiency within household operations.
Partnerships
with vendors aligned with emerging technologies are well-positioned to sustain
momentum as households undergo smart home digital transformation initiatives
and evolve living models. The long-term outlook for data-driven decision making
in the household robot market remains positive, driven by growing demand for
advanced solutions to enhance convenience and quality of life. As households
increasingly rely on data-driven insights, the household robot market is
expected to continue its upward trajectory, providing valuable tools for
optimizing household efficiency.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Household Robot Market by
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Domestic robots, Entertainment robots), By component (Product, Services) By
End-Use Industry (Residential, Commercial,
Industrial, Government and Public Sector, Healthcare, Hospitality, Education, Retail,
Transportation, Others) By Region, By Competition”, has evaluated the future growth potential of Global
Household Robot Market and provides statistics & 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
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Household
Robot Market.
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