Residential Robotic Vacuum Cleaner Market size to increase by USD 5.08 billion during 2023-2027, Inclusion of HEPA filters in robotic vacuum cleaners to drive the growth - Technavio

NEW YORK, Jan. 4, 2024 /PRNewswire/ -- The residential robotic vacuum cleaner market size is expected to grow by USD 5.08 billion between 2022 and 2027. However, the growth momentum of the market will accelerate at a CAGR of 17.85% during forecast period. The market is segmented by Charging (Manual charging and Automatic charging ), Product (Robot vacuum cleaner only, Robot vacuum cleaner, and mop), and Geography (APAC, North America, Europe, Middle East and Africa, and South America). The inclusion of air filters in robotic vacuum cleaners is driving the residential robotic vacuum cleaner market growth. Residential robotic vacuum cleaners have high-efficiency particulate air (HEPA) filters that purify the air and absorb minute particulates. Numerous vendors are planning to integrate air purifiers into their solutions and expand their product ranges, with the rising adoption of residential robotic vacuum cleaners. These factors are expected to boost the growth of the market during the forecast period. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View Free PDF Sample 

Key Highlights:

• The report recognizes the following as some of the key players in the residential robotic vacuum cleaner market: Electrolux AB, AirCraft Home Ltd, Dyson Group Co., Ecovacs Robotics Co. Ltd., Hayward Holdings Inc., ILIFE INNOVATION Ltd., Irobot Corp., Koninklijke Philips NV, LG Electronics Inc., Mamibot Manufacturing USA Inc., Matsutek Enterprises Co. Ltd., Maytronics Ltd., Miele and Cie. KG, Panasonic Holdings Corp., Pentair Plc, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., Vorwerk Deutschland Stiftung and Co. KG, and Milagrow Business and Knowledge Solutions Pvt. Ltd.
• Residential Robotic Vacuum Cleaner Market is fragmented in nature.
• Market to observe 20.15% YOY growth in 2023.

Market Dynamics:

Trend

• Additional features in robot vacuum cleaners are trending in the market.
• With the rise in popularity of robot vacuum cleaners, vendors are focusing on developing innovative products that can enhance flexibility and connectivity with the integration of the cloud, automation, and IoT.
• Moreover, emerging technologies such as threshold climbing and ultra-slim vacuum cleaners will further increase the capability of the solutions.
• Such advances will raise the adoption of vacuum cleaners in households, which, in turn, will boost the growth of the market during the forecast period.

Challenge

• The high purchasing cost challenges market growth. 
• Convenience and ease of use play a crucial role in the growing popularity of residential robotic vacuum cleaners.
• They possess the capability of efficiently and effectively cleaning floors and carpets.
• Due to the advanced features, the build quality of residential robotic vacuum cleaners may also be a factor contributing to the higher cost.

The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report

Keg Segments:

The robot vacuum cleaners-only segment will be significant during the forecast period. They are predominantly used in residential floor cleaning applications. Robotic vacuum cleaners are preferred by consumers only for cleaning dry surfaces, not mopping. Get a glance at the market contribution of the segments, Request a Sample Report

Related Reports:

The vacuum truck market share is expected to increase by USD 416.93 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.41%.

The industrial vacuum valves market size is estimated to grow at a CAGR of 6.39% between 2022 and 2027. The market size is forecast to increase by USD 474.84 million.

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by Charging

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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

Technavio Research
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Website: www.technavio.com

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