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Global Robotic Vacuum Cleaner Market to Grow at a CAGR of 23.83% During 2022-2027, Aided by the Rapid Digitalisation Worldwide

According to a new report by EMR titled, ‘Global Robotic Vacuum Cleaner Market Report and Forecast 2022-2027’, the market attained a value of around USD 2.96 billion in 2020. The market for robotic vacuum cleaner is further expected to grow at a CAGR of 23.83% between 2022 and 2027.

The global robotic vacuum cleaner industry is being driven by rising digitalisation around the globe. The rapid adoption of digital technology and IoT solutions across industry verticals is significantly contributing to the growth of the market. In addition, the growing demand for cleaning solutions that are time-saving and cost-effective is expected to aid the market growth in the coming years. This can be attributed to the increasingly hectic lifestyle of the emerging working population. Moreover, the growing penetration of the e-commerce sector, especially in developing regions, is likely to increase the availability of robotic vacuum cleaners across online platforms.

The increased investments by key market players in the development of efficient robotic vacuum cleaners to meet the rising demand for self-driven cleaning solutions are likely to support the market growth in the forecast period. For instance, in September 2021, iRobot Corporation (NASDAQ: IRBT) announced the launch of its new Roomba® j7+ robot vacuum cleaner with added features powered by iRobot Genius™ 3.0 Home Intelligence. This robotic vacuum cleaner comes with iRobot’s most advanced intelligence solutions and personalisation. In addition, it can identify obstacles and avoid any potential hazards. Meanwhile, in May 2021, Xiaomi Corporation (OTCMKTS: XIACF) announced the launch of its new ultra-thin robot vacuum cleaner, MIJIA. This cleaner utilises the LiDAR technology to avoid obstacles and also features a ToF sensor and a front camera for visual navigation.

Market Breakup by Type, Distribution Channel, Operation, Application, and Region:

  • The market is divided, based on type, into cleaning robot, hybrid robot, and mopping robot.
  • On the basis of distribution channel, the market can be bifurcated into online and offline.
  • Based on operation, the industry is segregated into self-driven and remote-controlled.
  • The industry is segmented, on the basis of application, into residential and commercial. Among these, the commercial segment can be further segregated, by  type, into hospitality, healthcare, retail, and offices, among others.
  • Region-wise, the global market for robotic vacuum cleaner can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for robotic vacuum cleaners is being driven by the heightened digitalisation across the globe.
  • The rising availability of robotic vacuum cleaners across online platforms has significantly contributed to the market expansion.
  • The rapid technological advancements such as the integration of advanced technologies like artificial intelligence (AI) and machine learning (ML) in cleaning solutions are also aiding the industry growth.
  • The growing working population and the rising disposable incomes are further propelling the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for robotic vacuum cleaner for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the types, distribution channels, operations, applications, and regions of robotic vacuum cleaner.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global robotic vacuum cleaner market are iRobot Corporation, Beijing Roborock Technology Co., Ltd., Ecovacs Robotics Co., Ltd., Anker Innovations Limited Technology Co., Ltd., Panasonic Corporation, and LG Electronics, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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