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Global Residential Robotic Vacuum Cleaner Market | APAC to Notice Faster Growth and Occupy 40% Market Share | TechnavioNEW YORK, May 24, 2021 /PRNewswire/ -- The residential robotic vacuum cleaner market is projected to grow by USD 3.49 billion, registering a CAGR of almost 17% during 2021-2025. Technavio's report on the residential robotic vacuum cleaner market covers the market outlook and growth prospects during the forecast period. Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Technavio's research study provides comprehensive information on the factors affecting the growth of the residential robotic vacuum cleaner market across the following regions.
Residential Robotic Vacuum Cleaner Market in APAC: Factors such as increasing economic prosperity, high purchasing power and disposable income, aging population, increasing adoption of automated solutions, and the emergence of smart cities will be crucial in driving the growth of the market in APAC. The revenue contribution to the market in APAC will be maximum from countries such as China and Japan. Residential Robotic Vacuum Cleaner Market in North America: The market is expected to register a 16.39% CAGR in North America during 2021-2025. The market is observing high replacement of traditional and old devices with technically advanced residential robotic vacuum cleaners. In addition, rapid urbanization and increasing standard of living in Mexico will drive the growth of the residential robotic vacuum cleaner market growth in North America. The revenue contribution to the market in North America will be maximum from the US. Residential Robotic Vacuum Cleaner Market in Europe: The market is expected to register a 15.01% CAGR in Europe during the forecast period. The introduction of low-power but high-performance robotic vacuum cleaners and the proliferation of vendors are fostering the growth of the residential robotic vacuum cleaner market in Europe. The UK and Germany are the major markets for residential robotic vacuum cleaners in the region. Know about the major factors impacting the growth of the market across other regions by downloading our free sample report: The global residential robotic vacuum cleaner market is driven by the following factors:
Based on the product the report segments the residential robotic vacuum cleaner market by robot vacuum cleaner only and robot vacuum cleaner and mop. The robot vacuum cleaner only segment registered maximum growth in the market in 2020. The segment is driven by the simplicity of operation, ease of disposing of dust, and lower cost of robotic vacuum cleaners. Also, new product launches are expected to contribute to the growth of the segment during the forecast period. Subscribe to our most popular "Lite Plan" at only $ 3000 per year and avail following benefits
Top vendors highlighted in the Residential Robotic Vacuum Cleaner Market Report:
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About Technavio With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts View original content to download multimedia:http://www.prnewswire.com/news-releases/global-residential-robotic-vacuum-cleaner-market--apac-to-notice-faster-growth-and-occupy-40-market-share--technavio-301297310.html SOURCE Technavio |