Residential Robotic Vacuum Cleaner Market to surge at 14.5% CAGR during the forecast period 2032

The market for residential robotic hoover cleaners generated $2.3 billion in revenue globally in 2021, and it is anticipated to reach $2.5 billion in 2022. Furthermore, due to rising hygienic consciousness and the popularity of smart homes, the market for residential robotic hoover cleaners is anticipated to reach a value of US$ 9.7 billion by 2032, growing at an impressive CAGR of 14.5% from 2022 to 2032.

Household floors and swimming pools are cleaned with residential robotic hoover cleaners, also referred to as robotics. The robotic hoover cleaner's unit is made up of a mobile base, batteries, a cleaning system, programming software, and other elements.

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People’s propensity for automation is rising as a result of the growing acceptance of smart homes and smart products, which is one of the major factors boosting the market for robotic vacuum cleaners.

The inclination for products that are technologically advanced in their functioning and useful in streamlining the task has expanded with the growth of the tech-savvy people. Customers struggle to find time to clean and mop due to their changing lifestyles and hectic schedules. Over the projected term, this will have an impact on the market growth for robotic vacuum cleaners.

Various manufacturers are constantly introducing novel products to grab emerging opportunities in the market. For instance, in April 2021, iRobot Corp, the leader in consumer robots, expanded its Roomba® robot vacuum lineup with the launch of the new RoombaiSeries products i3 and i3+ in India.

However, factors like shorter battery life, inability to efficiently clean rooms with complicated structures, and higher costs of these robotic vacuum cleaners is expected to limit market growth to a large extent during the forecast period.

Key Takeaways: Residential Robotic Vacuum Cleaner Market

· By type, the in-house residential robotic vacuum cleaner segment is anticipated to account for the leading share in the global demand for residential robotic vacuum cleaner during the forecast period while the outdoor residential robotic vacuum cleaner segment is estimated to grow at a robust CAGR of 16.5% through 2032.

· Among the charging mode, auto-battery charging segment is anticipated to grow at the highest CAGR of 17.2% between 2022 & 2032.

· By operation mode, the self-drive robot segment is anticipated to grow at a CAGR of 16.6% between 2022 & 2032.

· The U.S. residential robotic vacuum cleaner market is expected to grow at a CAGR of around 12.9% through 2032.

· The residential robotic vacuum cleaner market in India is expected to grow at 19.4% CAGR during the forecast period.

“Growing demand for automated equipment is expected to drive the growth of residential robotic vacuum cleaner market over the next ten years,” says FMI analyst.

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Who is Winning?

Market players operating in residential robotic vacuum cleaner market include

• iRobot Corporation,
• Xiaomi,
• Neato Robotics Inc.,
• Dyson Inc.,
• ECOVACS,
• Hayward Industries Inc.,
• Koninklijke Philips N.V.,
• Samsung Electronics Co. Ltd.,
• Pentair,
• Milagrow Business, and
• Knowledge Solutions (Pvt) Limited among others.

These leading players are concentrating on introducing new and advanced residential robotic vacuum cleaners with multiple tasking features. Besides this, they are adopting strategies such as partnerships, collaborations, acquisitions, mergers, and strengthening of distribution channels to expand their global footprint.

More Valuable Insights on Residential Robotic Vacuum Cleaner Market

Future Market Insight’s report on the residential robotic vacuum cleaner operation mode research is segmented into four major sections – type (in-house robot, and outdoor robot), charging mode (manual charging, and auto-battery charging), operation mode (self-drive robot, and remote control robot), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the residential robotic vacuum cleaner demand outlook.

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