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2019-06-18
250
Global
Autonomous residential floor cleaners are new on the floor cleaning market and over the next 7 years, they are expected to be in trend all over the market. Goldstein Research analyst forecast that the global autonomous residential floor cleaners market is expected to reach USD 1,860 million by 2024, growing at a CAGR of 14.7% during 2017-2025. One major trend in the market is internet connected autonomous cleaning robots in smart houses. As per Goldstein Research, the marketplace for robotics in personal applications will be conquered by robots cleaning floors and mowing the lawn for the next coming years. It is expected, 31 million household robots to be sold between 2016 and 2019, 96 percent of which will be the vacuum and floor cleaning robots and the numbers are anticipated to surpass 45 million floor cleaning robots by 2024. Although it is likely to still take some time to reach its full investment potential, the promising growth in robot sector for further development will have with a positive impact on the growth of autonomous residential floor cleaners market. Robotic floor cleaners intended for residential use have grown in prominence over the past several years with the advent of the Roomba and other similar products. New and traditional market players are witnessed to enter this space in order to capture markets with their innovative products.
By Product Type
Autonomous Vacuum cleaners segment accounted for the largest market share of 37.6% in 2017, followed by autonomous floor sweepers that are growing at a CAGR of 15.2% over the forecast period.
By Distribution Channel
By Geography
Based on geography, Asia-Pacific region accounted for the largest revenue share of 36.2% in 2017 of the global autonomous residential floor cleaners market on the back of a large number of autonomous residential floor scrubber’s manufacturers in the region, supplying the products all over the world. APAC is closely followed by North America and Europe. North America region is expected to grow at a CAGR of 14.8% over the forecast period.
The report covers the present ground scenario and the future growth prospects of the autonomous residential floor cleaners market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the Global region.
Global Autonomous Residential Floor Cleaners Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from farm market experts. The report covers the competitive landscape and current position of major players in the Global autonomous residential floor cleaners market space. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Autonomous Residential Floor Cleaners Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.
Our Global autonomous residential floor cleaners market report comprises of the following companies as the key players: Nilfisk, Koninklijke Philips N.V., Robert Bosch GmbH, iRobot Corporation, Mint Plus, ECOVACS ROBOTICS, Discovery Robotics, Neato Robotics, etc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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