Robotic Vacuum Cleaner Market to Grow at CAGR 13% till 2022
Increasing consumer spending on smart devices, augmenting
number of working women and rising awareness regarding indoor air quality to drive
global robotic vacuum cleaner market through 2022
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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