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Cleaning Robot Market: 45% of Growth to Originate from APAC | By Type (personal cleaning robot and professional cleaning robot) and Geography - Global Forecast to 2026NEW YORK, May 9, 2022 /PRNewswire/ -- The Cleaning Robot Market value is set to grow by USD 13.29 billion, as per the latest report by Technavio. Factors such as changing lifestyles and a tech-savvy population are notably driving the market growth, although the high cost of cleaning robots may impede the market growth.
Moreover, the cleaning robot market is segmented by type (personal cleaning robot and professional cleaning robot) and geography (APAC, North America, Europe, MEA, and South America). With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. Download Our Sample Report to get the exact yearly growth variance and the Y-O-Y growth rate Key Market Dynamics:
The changing lifestyles and a tech-savvy population are some of the key drivers supporting the cleaning robot market growth. Citizens are willing to purchase products that involve the use of advanced technologies in their operation and are helpful in facilitating work, especially time-consuming and repetitive chores like cleaning. Developed countries are demonstrating a high affinity for high-tech gadgets that are effective and can be controlled easily. Moreover, evolving lifestyles and busy schedules leave consumers hard-pressed for time for performing cleaning and mopping tasks. People prefer to utilize their time in social engagements or in productive activities rather than cleaning and mopping. This is further driving the adoption of cleaning robots. Therefore, the deployment of cleaning robots has proved useful in terms of saving human workers from dangers involved in industrial cleaning operations and thereby, driving the market growth
The high cost of cleaning robots is hindering the cleaning robot market growth. The cost of deploying professional cleaning robots is high, owing to the prices of electronic components used in the production of these robots. Also, due to the nature of work and the environment that these robots work in, they need to undergo frequent maintenance. These robots are incapable of self-maintenance, which is a challenge for the kind of operations that they perform. Cleaning robots work in spaces that are hard to reach and cannot be kept under constant observation. The technology to avoid the myriad risk is yet to be incorporated into these robots. Such yet-to-develop factors may hamper the market growth during the forecast period. Download our Sample Report right now! to learn about additional key drivers, trends, and challenges available with Technavio Regional Forecast & Analysis 45% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the cleaning robot market in APAC. Market growth in this region will be faster than the growth of the market in other regions. The high awareness about robotic solutions and an increase in the aging population will facilitate the cleaning robot market growth in APAC over the forecast period. Segmentation Forecast & Analysis The cleaning robot market share growth by the personal cleaning robot segment will be significant during the forecast period. Households are the primary end-users of personal cleaning robots in the residential sector. This sector holds significant growth potential for it as vendors have penetrated only one-tenth of the total addressable market. This has led to the increased entry of many new players into the market, including those specializing in consumer electronics products. In addition, the growing trend of online retailing in the residential sector will boost product sales during the forecast period. Download our sample report for additional insights into the contribution of all the segments and regional opportunities in the report Some Companies Mentioned with their Offerings
Download Our Sample Report to gain access to more vendor profiles with their key offerings available with Technavio Related Reports: Steering Robot Market by Application, Vehicle Type, and Geography - Forecast and Analysis 2022-2026: The steering robot market share is expected to increase by USD 55.3 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.11%. To get more exclusive research insights: Download Our Sample Report Inventory Robots Market by Product and Geography - Forecast and Analysis 2022-2026: The inventory robots market share is expected to increase by USD 34.15 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 13.5%. To get more exclusive research insights: Download Our Sample Report
Key Topics Covered: Executive Summary Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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SOURCE Technavio 
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