The rise in demand for robotic vacuum cleaners is expected to be fuelled in part by the increasing prevalence of industrial robots. The growth of the robotic vacuum cleaners market may be attributed, in part, to the rising demand from a wide range of application sectors, including manufacturing, automotive, healthcare, and others.
NEWARK, DE / ACCESSWIRE / September 15, 2022 / As per Future Market Insights' latest industry analysis, the global robotic vacuum cleaners market is expected to reach a market valuation of US$ 4.01 Billion by the year 2022, accelerating with a moderate CAGR of 14.5% by 2022-2032. Robotic vacuum cleaners market size is anticipated to be valued at about US$ 15.52 Billion by 2032 end.
The key aspect propelling the robotic vacuum cleaner's industry is the convenience that comes with using a robotic vacuum cleaner. More and more homes in the modern day are turning to computers to help with daily tasks like grocery shopping and cleaning. While vacuum cleaners have made home cleaning more manageable, they cause noise and increase bulk for regular use.
Increasing consumer demand for robotic vacuum cleaners is a key factor fueling industry expansion. Filter systems that eliminate 99.97% of dust particles of size 0.3 micron are what draw customers to robotic vacuum cleaners. The cleaning capacity of a robotic vacuum is directly proportional to its size.
With the advent of WiFi-enabled vacuum cleaners, phone could be used to schedule this duty. Other reasons that contribute to the expansion of the robotic vacuum cleaners market include the shift in consumer preferences, as well as fast urbanization, population growth, rising disposable income, and higher purchasing power. Robotic vacuum cleaners market expansion is anticipated to be aided by the increasing sophistication of robotic vacuum cleaners.
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Consumers in all markets are putting a premium on automated items because of the time and effort they save. The increased adoption of robotic vacuum cleaners has coincided with a growing apathy toward smart home technologies, which bodes well for the future of the robotic vacuum cleaner industry.
Traditional building technologies and the intelligent house, on the other hand, are becoming a genuine potential and attractiveness as a result of the development of new electronic technologies and their integration with older systems. The robotic vacuum cleaners market is also expected to grow as a result of the incorporation of air filters in automated devices for people with allergies.
In 2021, Asia Pacific accounted for 36.2% of the global robotic vacuum cleaner market, and this region is also projected to develop at the quickest rate throughout the forecast period. From 2020 to 2027, the online distribution channel is forecast to grow at the fastest CAGR of 19.1 percent.
The floor vacuum cleaner segment is projected to develop at the quickest rate from 2021 to 2024, and by 2021 is expected to have captured 82.4% of the robotic vacuum cleaners market. From 2020 to 2027, sales of pool vacuums are anticipated to grow at a CAGR of 16.0%. One key factor holding the robotic vacuum cleaners market back is the prevalence of fake products.
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The robotic vacuum cleaners marketplace is extremely cutthroat. To satisfy customer demand, businesses are investing in new technology and increasing the breadth of their product offerings, such as robotic cleaning equipment. In order to compete with cheaper Asian labor and maintain a solid supply chain in the world's most rapidly developing area, several major corporations in the robotic vacuum cleaners market is moving their production plants to Asia.
With the help of Jabil, Inc., a partner in China's production and supply chain since 2010, iRobot Corp., for instance, established a new manufacturing facility in Malaysia in November 2019. The Roomba 600 Series is currently being manufactured by the firm in Malaysia, and it is expected that manufacturing is expected to be ramped up in the first quarter of 2020. According to projections, robotic vacuum cleaners market competitiveness is expected to rise as a result of the forces in the future.
Robotic Vacuum Cleaners Market By Segmentation
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3.1. Key Trends Impacting the Market
3.1.1. Increasing Popularity Of Intelligent And Connected Vacuum Cleaners
3.1.2. Increasing Adoption Of Smart Household Appliances
3.1.3. Adoption of Innovative And Smart Automated Systems to Boost Growth
3.1.4. Growing Inclination Towards Cleanliness And Hygiene
3.1.5. Players Focused on Product Innovation
3.1.6. Increasing Number of Market Players
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