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According to a new report from Grand View Research, Inc., by 2027, the global robotic vacuum cleaner market is expected to reach 9.41 billion U.S. dollars, with a compound annual growth rate of 17.7% from 2020 to 2027. The power and ease of use of innovative products are the main factors supporting market growth. The growth trend of smart homes is becoming the main supporting factor for market growth. The introduction of new products also supports market growth and is becoming more and more popular among millennials and tech-savvy consumers.
It is estimated that the flexibility of the use of robotic vacuum cleaners will drive the market during the forecast period. For example, in December 2018, Neato Robotics announced the launch of Neato Zone Cleaning for Botvac D7 Connected and No-Go Lines for Botvac D3 Connected. With the help of the area cleaning function, consumers can highlight the part or dedicated area to be actively cleaned. With the help of no-go lines, consumers can create no-go zones. This innovation provides users with the flexibility to use the product effectively.
The growing trend of device integration with virtual auxiliary devices is creating opportunities for manufacturers in the market. Players are introducing this technology to gain greater market share. For example, in September 2019, iRobot updated the Amazon Alexa and IFTTT functions in Wi-Fi-enabled Roomba robots in India and other developing countries. Consumers can start, stop and pause the help of voice activated commands.
In terms of types, it is expected that pool cleaners will grow at a compound annual growth rate of 16.0% from 2020 to 2027. Consumers prefer pool vacuum cleaners to remove rough debris through the scrubbing system, which also helps remove bacteria and algae from the swimming pool surface, including the floor and walls. According to Maytronics data, there are approximately 25.5 million swimming pools in the world, of which approximately 19 million swimming pools do not require robots to clean. This creates important growth opportunities for the market.
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Offline distribution channels dominated the market with a revenue share of 67.3% in 2019. This is attributable to the increase in the number of electronics and home appliance stores, which has led to an increase in product marketing shelf space. Consumers are more inclined to buy products from stores to find suitable products and understand their mechanisms and functions. In addition, consumers can get a demonstration of the working mode of the product. The store's sales representatives help consumers find the right products according to their needs.
Europe became the second largest regional market in 2019. Countries such as Germany and the United Kingdom are supporting growth in the region. Consumers' willingness to consume on innovative small electronic devices that add value and simplify life is the main factor driving the growth of the regional market.
Highlights of Robot Vacuum Cleaner Market Report
• Classified by type, the market share of floor-standing vacuum cleaners reached 82.4% in 2019
• Online distribution channels are expected to expand at the fastest compound annual growth rate of 19.1% from 2020 to 2027
• The Asia-Pacific region is expected to witness the fastest growth from 2020 to 2027.
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Robot vacuum cleaner market segmentation
Grand View Research has segmented the global robotic vacuum cleaner market by type, distribution channel and region:
Robot vacuum cleaner type outlook (revenue, million dollars, 2016-2027)
• Floor vacuum cleaner
Outlook of Robot Vacuum Cleaner Distribution Channels (Revenue, Million USD, 2016-2027)
• online
Regional Outlook for Robot Vacuum Cleaners (Revenue, Million USD, 2016-2027)
• North America
• we
• Europe
• Germany
• UK
• Italy
• Asia-Pacific
• China
• Japan
• Rest of the world
List of major participants in the robot vacuum cleaner market
• iRobot
• Cobos Robot
• Xiaomi Company
• Beijing Stone Technology Co., Ltd.
• SharkNinja Operation Co., Ltd.
• Neato Robotics, Inc.
• Cecotec Innovaciones SL
• Panasonic
• Samsung Electronics Co., Ltd.
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Vacuum cleaner market size, product sharing and trend analysis report (tank, center, drum, robot, vertical, wet and dry), forecast by distribution channel, by application, by region, and segment, 2021-2028.
Grand View Research is a market research and consulting company headquartered in the United States and India. Its headquarters are in San Francisco. We provide business insights, joint research reports and customized research reports for large, medium and small enterprises. Our database contains thousands of statistics and in-depth analysis of more than 45 industries. Fortune 500 companies use Grand View Research's extensive database to understand regional and global business environments.
Media Contact Company Name: Grand View Research, Inc. Contact Person: Sherry James, Corporate Sales Specialist-US Email: Send Email Phone: 1888202951 Address: Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States City: San Francisco: California: United States Website: https://www.grandviewresearch.com/industry-analysis/robotic-vacuum-cleaner-market
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