According to Goldstein Research, “latest wave of technological advances from leading robotic brands and impactful marketing strategies has significantly triggered the worldwide consumer adoption of robotic vacuum cleaners which is strengthening the growth of global floor cleaning robots market.” Major market players are focused on product development initiatives and building strategic external partnerships to expand their presence across the globe.
Global Autonomous Floor Cleaning Robots Market Outlook 2024
The global autonomous floor cleaning robots market is segmented based on product type, by end users and by distribution channel. Product type is further bifurcated into in-house vacuum robots and outdoor vacuum robots. In-house robots segment is anticipated to dominate the total market with lion share of more than 70% by 2024, owing to the charging convenience and major applications which do not require human interference.
The global autonomous floor cleaning robots market valued USD 1.36 billion in 2016 owing to rising implementation in hospitals across the globe. Further, the market is anticipated to expand at a CAGR of 15.1% to reach USD 4.20 billion over the forecast period i.e. 2016-2024.
Asia-Pacific is the largest region for autonomous floor cleaning robots market in 2016 and is expected to dominate the market during the forecast period of 2016-2024. Asia-Pacific autonomous floor cleaning robots market valued USD 0.520 billion in 2016 and is estimated to reach USD 2.1 billion by 2024. China is expected to dominate the autonomous floor cleaning robots market followed by Japan due to presence of many big market players and significant adoption of automated floor cleaning robots in these countries. Rising personal disposable income and readiness to spend on advanced equipment is accelerating Asia-Pacific autonomous floor cleaning robots market.
Modern Lifestyle and Technological Advancement: Major Boost
With the growing population and rapid urbanization across the globe, there has been an increase in demand for appliances which have ability of saving time and are easy and convenient for home cleaning. There is a significant escalation in expenses over household appliances due to income growth and sustainable life style. Therefore, for the automated floor cleaning robot market to rise there is a need for customary development and innovations, keeping a note that innovations must be abide by the efficiency and environment friendly requirements. Newer technology will also overcome the challenges related to battery life issues and cost efficiency of the product that will encourage the household vacuum cleaners market-demand to rise.
Global Autonomous Floor Cleaning Robots Market reportcontains detailed overview of the global autonomous floor cleaning robots market in terms of market segmentation by product type, by end users type and by distribution channel.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global Autonomous Floor Cleaning Robots Market Report also provides competitive outlook of some of the major players which includes profiling of companies such as iRobot Corporation, ECOVACS ROBOTICS, Neato Robotics, Dyson Ltd., Samsung Electronics Co. Ltd., Maytronics Ltd. etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global autonomous floor cleaning robots market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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