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Residential robotic vacuum cleaner market' PowerPoint Presentation
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Residential robotic vacuum cleaner market'

Residential robotic vacuum cleaner market'

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Residential robotic vacuum cleaner market'

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. RESIDENTIAL ROBOTIC VACUUM CLEANER MARKET ANALYSIS • Residential Robotic Vacuum Cleaner Market, by Robot type (In-house Robot, Outdoor Robot), By Mode of Charging (Manual Charging, Auto Battery Charging) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  3. Market Overview • Residential robotic vacuum cleaners are mainly used for cleaning residential areas such as pool, lawn, gutter, and floors. Mobile base, batteries, cleaning system, and programming software are some of the major component of residential robotic vacuum cleaners. These vacuum cleaners use intelligent sensors and cameras mounted on the top for cleaning the top corners. Moreover, these robots also composed of room mapping, laser vision, and robotic self-charging to provide convenience to users. Based on the task, residential robotic vacuum cleaners are classified into in-house robot and outdoor robots, in-house robots are used for in-house cleaning activity such as floor-washing, sweeping, mopping, etc. whereas Outdoor robots are used for pool cleaning and gutter cleaning. • The global Residential Robotic Vacuum Cleaner Market is estimated to account for US$ 2099.0 Mn in 2019 in terms of value and is expected to grow at CAGR of 11.9% for the period 2019-2027

  4. Market Dynamics- Drivers • Rising disposable income in emerging economies is expected to drive growth of the global residential robotic vacuum market during the forecast period • Increasing disposable income across emerging countries is encouraging people to buy technically advanced products that are expected to foster market growth. According to the Coherent Market Insights’ analysis, in developed regions such as North America and Europe, the disposable income of citizens is high and hence, their spending capacity is high on such technically advanced products. This factor is expected to drive the global residential robotics vacuum cleaner market growth during the forecast period • High presence of major market players in North America is expected to propel the global residential robotic vacuum market growth over the forecast period • The strong presence of players especially in North America due to the high demand for advanced technological products is fueling the market growth of residential robotic vacuum cleaners. Some of the major market players in North America's residential robotic vacuum cleaner market are iRobot Corporation, Neato Robotics, Inc., and Moneual. Apart from these, other prominent vendors include Dyson Inc., Ecovacs Robotics, Yujin Robot Inc., etc.  • North America region dominated the global Residential Robotic Vacuum Cleaner Market in 2019, accounting for 43.8% share in terms of value, followed by Europe, Asia Pacific, Latin America and Middle East and Africa respectively

  5. Market Dynamics- Restraints • Consumption of high battery power is expected to hamper the global residential robotic vacuum cleaner market growth during the forecast period • Residential robotic vacuum cleaner consumes high battery power which reduced the overall operating time and this is expected to restrict the market growth of residential robotic vacuum cleaners over the forecast period. Moreover, rising awareness regarding environmental issues is creating demand for efficient and less power consuming appliances which is further expected to restrict the market growth over the forecast period. • Low acceptance of robotic vacuum cleaners as compared to conventional products is expected to restrain growth of the global residential robotic vacuum cleaner market over the forecast period • Acceptance of product is lower as compared to traditional vacuum cleaners because it is still at a nascent stage and this factor is expected to hinder the market growth. Preference of consumers towards regular vacuum cleaners high is more as compared to the robotic vacuum cleaner due to easy availability, cost, and popularity about the product. Hence, lower acceptance of residential robotic vacuum cleaner is expected to negatively impact the market growth to some extent.

  6. Market Opportunities • High demand for small and compact devices can present major growth opportunities • Growing demand for small and compact appliances is expected to offer numerous growth opportunities to the market of the residential robotic vacuum cleaner. Residential robotic vacuum cleaners relatively are compact and lightweight which is increasing demand for small appliances and this factor is expected to affect the growth of the residential robotic vacuum cleaner market positively over the forecast timeframe. • Growing expansion of global consumer electronics market is expected to provide lucrative business opportunities • Expanding consumer electronics market is projected to offer lucrative growth opportunities over the forecast timeframe. Growth witnessed in the consumer electronics market is projected to fuel the growth of the residential robotic vacuum cleaner market over the forecast period. Moreover, countries such as China, U.S., and India are the major contributors to the global Residential robotic vacuum cleaner and this will favor the market growth in the near future. 

  7. Market Trends/Key Takeaways • Advent of smartphone-controlled robotic vacuum cleaner • Rising trend of introducing smartphone controlled residential robotic vacuum cleaner is expected to propel the market growth. For instance, in July 2018, ILIFE introduced "A7" worldwide on Amazon and AliExpress as a premium addition to its A-series. A7 features the Gen 3 CyclonePower Cleaning System, which is applied to ILIFE's top model "A8" launched at this year's CES. This advanced solution offers practical home cleaning solutions. • Rising preference for residential robotic vacuum cleaner with room memory • Consumers across the globe are increasingly preferring residential robotic vacuum cleaner with room memory, which in turn, is expected to boost the market growth over the forecast period. For instance, in September 2018, iRobot introduced the newest Roomba i7+ that has two key changes the robot remembers the home’s floor plan and it empties itself. The auto-emptying feature is probably the most useful. Hence, rising launch of such an advanced product will support the market growth over the forecast timeframe.

  8. Competitive Section: • Key players operating in the global residential robotic vacuum cleaner market are Ecovacs Robotics, Inc., Milagrow Business & Knowledge Solutions (Pvt.) Limited, iRobot Corporation, Pentair plc, Neato Robotics, Inc., Samsung Electronics Co., Ltd., Yujin Robot, Co., Ltd., Philips Electronics N.V, Dyson Inc., and Hayward Industries, Inc. • Key Developments • Key players in the market are focused on product development, in order to expand the product portfolio. For instance, in July 2019, iRobot Corporation launched iRobot Rooba S9+, which offers hands-free experience. • Major market companies are involved in product launches, in order to gain competitive edge in the market. For instance, in March 2018, Neato Robotics launched NeatoBotvac D7 Connected that can clean large spaces efficiently.

  9. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Buy Now Reference:https://www.coherentmarketinsights.com/market-insight/residential-robotic-vacuum-cleaner-market-3582

  10. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

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