Household Robots Market Analysis

Household Robots Market Analysis

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Based on type, the market is segmented into domestic robots and entertainment & leisure robots. The domestic robot segment accounted for a market share of over 75% in 2023. The future outlook of the domestic market seems promising. The increasing need for automation and smart homes, along with advancements in technology, are driving growth in this market. One of the primary growth drivers in the domestic segment is the reduction in costs as the cost of manufacturing robotics technology has decreased over the years due to advancements in materials, production processes, and economies of scale. This reduction in costs has made domestic robots more affordable for consumers. Domestic robots optimize space utilization and improve the overall living standards in urban environments. Lower manufacturing costs translate to more affordable domestic robots for consumers. As prices decrease, a wider range of households can afford to purchase these robots, leading to increased adoption rates and market growth.
 

The vacuuming & mopping segment is estimated to register a significant CAGR of over 19% during the forecast period. The integration of technologies such as deep learning & artificial neural networks into mopping machines will increase the efficiency of self-driven robots. Manufacturers are constantly innovating, equipping robots with features such as improved navigation, object recognition, AI-powered mapping, and self-emptying capabilities. These advancements make them more efficient, user-friendly, and appealing to consumers.
 

Several companies showcased their latest vacuuming and mopping robots at the Consumer Electronic Show (CES) 2024, highlighting trends such as multi-functionality, advanced obstacle avoidance, and improved cleaning performance. For instance, Samsung, an electronic company, introduced a robot Jet Bot AI+, which can mop and clean simultaneously. In December 2023, Roborock, a consumer goods company, launched the S8 Pro model, a premium robot vacuum & mop with a mop-lifting function to avoid carpets, competent navigation, and obstacle avoidance.
 

North America witnessed a significant share in the global household robots market in 2023, accounting for a share of over 30%. This growth is attributable to the rapid rise of manufacturing infrastructure and supply chains enabling domestic robot manufacturers to produce high-quality products at competitive prices. This infrastructure includes access to skilled labor, advanced manufacturing technologies, and a network of suppliers & distributors. North America attracts significant investment and funding for robotics companies, from both venture capital firms & corporate investors. This investment fuels research, development, and commercialization efforts, accelerating the market growth in the region.