USD 1.36 Bn growth opportunity in Robotic Window Cleaners Market | Increasing number of buildings with large windows to boost growth | Technavio
NEW YORK, May 13, 2022 /PRNewswire/ -- The "Robotic Window Cleaners Market by Distribution Channel, End-user, and Geography - Forecast and Analysis 2022-2026" report had been added to Technavio's offering. The 120-pages report segments the market by distribution channel (offline and online), end-user (industrial and residential), and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The report identifies Cop Rose Robot Co. Ltd., Ecovacs Robotics Inc., Gladwell Clean, Guangzhou Coayu Robot Co. Ltd., Hobot Technology Inc., IKOHS America SA, Mamibot Manufacturing USA Inc., Milagrow Business and Knowledge Solutions Pvt. Ltd., RF Co. Ltd., Sichler household appliances, Wexbi, and Zhengzhou Bangmi Smart Technology Co. Ltd as the dominant players in the market.
Technavio expects the global robotic window cleaners market size to increase by USD 1.36 billion between 2021 and 2026, expanding at a CAGR of 20.75% during the forecast period.
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The global robotic window cleaners market is concentrated. The market is subject to rapidly changing consumer demands and preferences. The changing consumer consumption pattern may affect vendor performance in the market. Vendors are competing on various aspects such as quality, price, service, brand image, distribution, and marketing. Major vendors are focusing on acquiring other small brands to increase their market presence.
Although the increasing number of buildings with large windows, innovation and portfolio extension, and the growth in the global real estate and construction industry will offer immense growth opportunities, the use of manual window cleaners by cleaning-service providers, the lack of product awareness in developing markets, the high competition from manual window cleaners will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
For more insights into the vendor landscape, Read Our Sample Report.
Robotic Window Cleaners Market 2022-2026: Segmentation
The global robotic window cleaners market is segmented as below:
The offline segment accounted for maximum sales of robotic windows cleaners in 2021. However, during the forecast period, online distribution channels are expected to observe increased sales owing to high internet penetration, rising adoption of smartphones, and changing patterns of buying behavior.
The market growth in the industrial end-user segment will be significant during the forecast period. Factors such as growing technological innovation, and the construction of commercial buildings and office spaces are triggering the growth of the segment.
North America will witness significant growth in the market during the forecast period. The sales of robotic window cleaners are increasing in North America due to the growing awareness about the product among consumers. Also, the presence of a large target customer base and the increasing utilization of the product plays a major role in driving the growth of the regional market.
Robotic Window Cleaners Market 2022-2026: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our robotic window cleaners market report covers the following areas:
We provide a detailed analysis of around 25 vendors operating in the robotic window cleaners market. Backed with competitive intelligence and benchmarking, our research report on the robotic window cleaners market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Robotic Window Cleaners Market 2022-2026: Key Highlights
Table Of Contents :
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Distribution Channel
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
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