Dublin, June 18, 2021 (GLOBE NEWSWIRE) -- The "Robotic Vacuum Cleaners Global Market Report 2021: COVID-19 Growth and Change to 2030" report has been added to ResearchAndMarkets.com's offering.
This report focuses on the robotic vacuum cleaners market which is experiencing strong growth. The report gives a guide to the robotic vacuum cleaners market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.
Major players in the robotic vacuum cleaners market are Dyson Ltd., Ecovacs Robotics Co. Ltd., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., Sharp Corp., Neato Robotics, Miele & Cie. KG and iRobot Corporation.
The global robotic vacuum cleaners market is expected to grow from $4.25 billion in 2020 to $4.84 billion in 2021 at a compound annual growth rate (CAGR) of 13.9%.
The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $7.39 billion in 2025 at a CAGR of 11%.
The robotic vacuum cleaners market consists of sales of robotic vacuum cleaners and related services. It can clean floors, windows, pools and gardens efficiently without any human effort. Robotic vacuum cleaners or Robovac are home appliances, designed to clean our homes autonomously without human intervention. They are fully automated and artificial intelligence powered with various sensors and scheduling programs.
Rising investments for developing new technologies in robotic vacuum cleaners is contributing to the growth of the robotic vacuum cleaners market. The rising investments for innovations in hardware and software technologies, such as sensors and decision-making capabilities helps robotic vacuum cleaners in doing household tasks and also helps consumers to save time thereby attracting the customers to purchase robotic vacuum cleaners for household chores.
For instance, in 2019, in the UK, the government invested £12 million ($16 million) for developing new technologies in robots that performs household tasks. It lead to partnership between Imperial College and Dyson, a robotic vacuum cleaner manufacturer for creating nextgen household products to complete household chores.
Also in 2020, in the USA, private companies such as Yidu Cloud, Tsinghua AI Fund and Matrix Partners invested $15 million in Trifo, into its AI-home robots vacuum in the hardware and software development for expanding in the U.S. and European markets. Rising investments and support from government thereby contributes to the growth of the market.
The high cost of robotic vacuum cleaners is expected to limit the growth of the robotic vacuum cleaners market. Robotic vacuum cleaners are costly and causes potential consumers to think twice before they invest in them. For instance, in 2019, in the USA, iRobot's newly launched robotic vacuum cleaner Roombas are extremely expensive such as Roomba i7 priced at $1,099 and Roomba S9+ priced at $1,299. These factors are expected to have a negative impact on the robotic vacuum cleaners' market as high cost causes consumers to think twice, affecting the market's growth.
The robotic vacuum cleaners market covered in this report is segmented by type into robotic floor vacuum cleaner, robotic pool vacuum cleaner and by end-users into residential, commercial.
Companies are launching new products in order to increase their revenue and also for gaining a competitive edge over their rivals.
For instance, in 2019, in the USA, iRobot Corporation, a leading advanced robotic vacuum technology company, launched its advanced robotic vacuum cleaner, Roomba s9+ and also launched its advanced robotic mop Braava jet m6 mopping robot that complements cleaning with mopping. These robots can talk to each other with in-built imprint link technology for vacuuming and mopping autonomously without any human effort.
Key Topics Covered:
1. Executive Summary
2. Robotic Vacuum Cleaners Market Characteristics
3. Robotic Vacuum Cleaners Market Trends and Strategies
4. Impact of COVID-19 on Robotic Vacuum Cleaners
5. Robotic Vacuum Cleaners Market Size and Growth
5.1. Global Robotic Vacuum Cleaners Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on The Market
5.2. Global Robotic Vacuum Cleaners Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Robotic Vacuum Cleaners Market Segmentation
6.1. Global Robotic Vacuum Cleaners Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Robotic Floor Vacuum Cleaner
Robotic Pool Vacuum Cleaner
6.2. Global Robotic Vacuum Cleaners Market, Segmentation By End-Users, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.3. Global Robotic Vacuum Cleaners Market, Segmentation By Type of Charging, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7. Robotic Vacuum Cleaners Market Regional and Country Analysis
7.1. Global Robotic Vacuum Cleaners Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Robotic Vacuum Cleaners Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
ECOVACS Robotics Co. Ltd.
Koninklijke Philips NV
LG Electronics Inc.
Samsung Electronics Co. Ltd.
Miele & Cie. KG
Matsutek Enterprises Co. Ltd
Hayward Industries, Inc.
ILIFE Robotics Technology
Vorwerk & Co. KG
Robert Bosch GmbH
Haier Electronics Group Co Ltd
Groupe Seb Deutschland Gmbh
Yujin Robots Co.
For more information about this report visit https://www.researchandmarkets.com/r/uavyzo
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900