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Robotic Vacuum Cleaner Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
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Report Overview
The global robotic vacuum cleaner products market was valued at USD 8.6 billion in 2022 and is projected to expand at a CAGR of 12.7% from 2023 to 2030. Robotic vacuum cleaner products are gaining traction as they are easy to use and offer convenience to consumers. Furthermore, the increasing disposable income of consumers and the growing demand for automated home appliances are also supporting the market growth.
In addition, the increasing popularity of smart home technology is driving the demand for robotic vacuum cleaners. Smart home technologies enable users to control the appliance through their smartphones and voice commands. This further provides convenience to users as they can operate the device remotely. Furthermore, the rising popularity of robotics in domestic cleaning products is also driving the market growth. For instance, in December 2021, iRobot Corporation launched Roomba i7+ robot vacuum equipped with vSLAM navigation and Imprint Link technology. The product is capable of navigating around the house using sensors and identifying the room, enabling it to clean different rooms with a single command.
Moreover, the rising trend of energy-efficiency in home appliances is also propelling the demand for robotic vacuum cleaners. Manufacturers are introducing innovative products with improved energy efficiency and advanced features such as digital mapping of the home, self-emptying dirt cans, and others. For instance, in November 2021, Dyson launched Dyson 360 Heurist, a robotic vacuum cleaner equipped with an advanced mapping system and sensors to create a digital map of the home and navigate around obstacles.
Furthermore, the increasing inclination of consumers towards smart homes is also driving the market growth. Smart homes offer convenience and enhanced safety to users. With the increasing demand for smart home technology, technology companies are launching products with improved features and functionalities. For instance, in June 2021, Xiaomi launched the Mi Robot Vacuum-Mop P, a robotic vacuum cleaner that can mop and sweep floors. The product is equipped with up to 3,200Pa of suction power and a high-precision Laser Distance Sensor (LDS) to map the home and avoid obstacles.
In addition, the increasing demand for pet hair cleaning is further accelerating the demand for robotic vacuum cleaners. The rising pet ownership and increasing awareness regarding pet hygiene are expected to drive the demand for pet-specific robotic vacuums. For instance, in November 2021, Neato Robotics launched Neato Botvac D7 Connected, a robotic vacuum cleaner specifically designed to tackle pet hair. The product is equipped with an advanced laser navigation system, a high-performance filter, and a combo brush designed to remove pet hair.
Product Insights
The automated vacuum cleaner segment is expected to dominate the market throughout the forecast period. Increasing awareness regarding the benefits of robotic vacuum cleaners, such as easy programming and the ability to clean multiple surfaces, is driving the market growth. According to an article published by Adore, in December 2020, robotic vacuum cleaners are efficient and offer superior cleaning performance as compared to regular vacuums. Moreover, the growing acceptance of technologically advanced products and the increasing adoption of home automation systems are further contributing to market growth.
The navigation & mapping segment is expected to grow significantly during the forecast period due to increasing demand for navigation and mapping capabilities in robotic vacuum cleaners. The navigation & mapping feature allows a robotic vacuum cleaner to be aware of its environment, enabling it to plan its route and clean with more efficiency. Furthermore, the increasing adoption of advanced technologies, such as artificial intelligence, is expected to boost the demand for robotic vacuum cleaners with navigation & mapping capabilities.
Distribution Channel Insights
The department stores segment held the largest market share of 34.3% in 2022. Department stores are the primary channel for the distribution of robotic vacuum cleaners due to the availability of all types of products under one roof. Department stores offer the convenience of shopping for customers, as all the desired products are available in one place. Furthermore, these stores also provide a wide range of robotic vacuum cleaners with different features and prices.
The online stores segment is expected to expand at the highest CAGR of 11.2% during the forecast period. The increasing popularity of online shopping has driven the growth of the online stores segment. Consumers prefer to purchase robotic vacuum cleaners online due to the availability of a wide range of products, attractive discounts, and hassle-free payment options. Moreover, the emergence of e-commerce platforms such as Amazon and Flipkart has created a wide range of options for customers to purchase robotic vacuum cleaners from the comfort of their homes.
Type Insights
The professional segment accounted for the largest revenue share of 58.7% in the year 2022. The growing demand from commercial and industrial establishments such as hotels, hospitals, and universities is driving the growth of the professional segment. Moreover, the development of high-end features such as obstacle detection, navigation, and cleaning scheduling, is also increasing the adoption of robotic vacuum cleaners in the professional sector. For instance, in June 2021, iRobot Corporation launched Roomba s9+ robot vacuum cleaner with advanced features such as “Imprint Smart Mapping Technology”, which maps and remembers multiple floor plans, and “PerfectEdge Technology”, which is designed to reach the walls, corners and other hard-to-reach places.
The consumer segment is projected to expand at a higher CAGR of 17.2% during the forecast period. The increasing disposable income and the growing trend of adopting home automation products in developed regions are the major factors driving the growth of the consumer segment. Moreover, the introduction of cost-effective products by major players such as Ecovacs and Dyson is promoting the adoption of robotic vacuum cleaners in households. For instance, in June 2021, Ecovacs Robotics launched the new Deebot Ozmo T8 AIVI, an advanced robotic vacuum cleaner equipped with built-in laser mapping technology and AI-powered object recognition.
Regional Insights
Asia Pacific is expected to account for the largest market share in 2022. The region has seen an increase in the adoption of robotic vacuum cleaners in the recent years. This is attributed to the rising demand from various countries, such as India, China, and Japan, due to the need for convenience and automated cleaning solutions. For instance, in April 2021, Panasonic launched the MC-RS100K robotic vacuum cleaner in China to address the growing demand for automated cleaning solutions.
Europe is expected to witness the second-fastest growth over the forecast period. Increasing consumer preference for convenience and automated cleaning solutions is expected to drive the growth of the market in the region. Manufacturers are introducing new products to cater to the needs of consumers. For instance, in October 2021, Samsung launched a new robotic vacuum cleaner, the POWERbot Turbo, in the European market.
Financial Projections
In this part of the robotic vacuum cleaner business plan, we will provide a detailed breakdown of all income and expense categories of the business. These projections include cash flow projections and capital requirements for the robotic vacuum cleaner business. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main source of revenue for a robotic vacuum cleaner business comes from sales of robotic vacuum cleaners, spare parts, and accessories. Here you will find a list with a description of each of them and other possible sources of profit such as online sales and subscription services.
Projecting Expenses
In this section, all the regular expenses related to keeping the robotic vacuum cleaner business running will be described. The list of operating expenses includes research and development costs, wages, inventory costs, advertising, utilities, insurance policies, and others.
Key companies & market share insights
Some of the key companies operating in the robotic vacuum cleaner market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:
– In June 2022, iRobot launched the Roomba i7+, a robotic vacuum cleaner with an advanced navigation system and the ability to empty its own dustbin.
– In August 2022, LG Electronics launched the Hom-Bot Square, a robotic vacuum cleaner that can be controlled using a smartphone.
– In October 2022, Samsung Electronics launched the POWERbot R7065, a robotic vacuum cleaner with a powerful suction and advanced sensors.
Some of the prominent players in the robotic vacuum cleaner market include:
– iRobot Corporation
– Dyson Ltd.
– Neato Robotics Inc.
– LG Electronics
– Samsung Electronics
– Ecovacs Robotics Co., Ltd.
– Vorwerk International
– Bobsweep Inc.
– Miele & Cie. KG
– Yujin Robotics Co., Ltd.
Global Robotic Vacuum Cleaner Market Segmentation
This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global robotic vacuum cleaner products market based on product type, distribution channel, and region:
1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)
– Robotic Vacuums
– Robotic Mops
– Hybrid Vacuums
2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Supermarkets & Hypermarkets
– Online
– Others
3. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
Frequently Asked Questions
[Q]: What is the Potential of Product Innovation?
[A]: Robotic vacuum cleaners are witnessing a significant increase in demand due to their superior cleaning power and convenience. Innovations in robotic vacuum cleaner technology such as mapping technology, suction power, and navigation capabilities are driving market growth. Additionally, the incorporation of internet of things (IoT) and artificial intelligence (AI) technologies has allowed robotic vacuum cleaners to become smarter, more efficient, and more affordable.
[Q]: Who are the Key Players in the Robotic Vacuum Cleaner Market?
[A]: The key players in the robotic vacuum cleaner market include iRobot Corporation, Neato Robotics, Ecovacs Robotics, LG Electronics, Panasonic Corporation, and Bissell.
[Q]: Which Region Offers the Largest Opportunity for Sales of Robotic Vacuum Cleaners?
[A]: The Asia Pacific region is expected to have the highest growth in the global robotic vacuum cleaner market due to the presence of major players such as iRobot and Neato Robotics, and the increasing demand for efficient cleaning solutions.
[Q]: What are the factors driving the robotic vacuum cleaner market?
[A]: Factors such as the increasing demand for robotic vacuum cleaners due to rising disposable incomes, increasing awareness about health and hygiene, and the increasing adoption of smart home technologies are driving the growth of the robotic vacuum cleaner market.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
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