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Robotic Vacuum Cleaner Market Share

Report ID: GMI5878
Published Date: Apr 2024
Report Format: PDF

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Robotic Vacuum Cleaner Market Share

The key players operating in the market are Beijing Roborock Technology Co., Ltd., Cecotec Innovaciones S.L., Dyson Ltd., Samsung Electronics Co., Ltd. and Xiaomi Corporation. The market is highly fragmented due to the presence of large and medium-sized manufacturers competing for share, with no single player dominating the landscape. The evolving nature of the market, with factors such as the rising demand for cutting-edge technology like Wi-Fi connectivity, artificial intelligence (AI) makes it attractive for new entrants. Manufacturers also compete on price and pricing strategies to attract price-sensitive consumers.

Robotic Vacuum Cleaner Market Companies

Major companies operating in the robotic vacuum cleaner industry include:

Beijing Roborock Technology Co., Ltd.
Cecotec Innovaciones S.L.
Dyson Ltd.
Ecovacs Robotics
Electrolux AB
Haier Group Corporation
Hitachi Ltd.
iRobot Corporation (Amazon Inc.)
LG Electronics Inc.
Neato Robotics, Inc. (Vorwerk)
Panasonic Corporation
Roborock Technology Co. Ltd
Samsung Electronics Co., Ltd.
SharkNinja Operating LLC
Xiaomi Corporation

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of robotic vacuum cleaner reached USD 4.5 billion in 2023 and is set to witness 6.5% CAGR from 2024 to 2032, owing to the increasing adoption of advanced technology due to the associated time and energy benefits worldwide.

The pool vacuum cleaners segment recorded 56% share in 2023, due to their brushing system which helps to eliminate particles.

North America market held over 42% share in 2023, attributed to increasing purchase power and the strong presence of significant players in the region.

iRobot Corporation (Amazon Inc.), LG Electronics Inc., Neato Robotics, Inc. (Vorwerk), Panasonic Corporation, Roborock Technology Co. Ltd, Samsung Electronics Co., Ltd., SharkNinja Operating LLC, and Xiaomi Corporation, are some of the major robotic vacuum cleaner companies worldwide.