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Robotic Vacuum Cleaner Market Size

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

Robotic Vacuum Cleaner Market Size

Robotic Vacuum Cleaner Market size was valued at USD 4.5 billion in 2023 and is anticipated to register a CAGR of 6.5% between 2024 and 2032. The increasing adoption of advanced technology due to the associated time and energy benefits is driving the demand for robotic vacuum cleaners. Changing lifestyles, high disposable income, rising working population, increased purchasing power, and ease of use are the primary factors driving market expansion.

 

Robotic vacuum cleaners ensure that any work or living space is cleaned efficiently and automatically without the need for human intervention. These vacuum cleaners have sensors, as well as programmable cleaning routines and controls that allow the robot to be controlled accordingly. The growing consumer interest in smart home technology is expected to drive market expansion over the forecast period. Furthermore, growing concerns about hygiene and cleanliness are expected to encourage the adoption of robotic vacuum cleaners in future years.

Over the projection period, the demand for robotic vacuum cleaners is expected to rise due to technological advancements such as Wi-Fi connectivity, AI features, and voice assistants. Manufacturers are focusing on continuous product development to meet evolving customer demands.
 

The short battery life and the long charging time required for robotic vacuum cleaners pose challenges for effective operations. Robotic vacuum cleaners take longer to clean as compared to traditional counterparts, which can hamper market growth over the forecast period. In addition, the high cost of the products can present a significant challenge for the market and also may hamper product adoption among a large number of users. Furthermore, the availability of many counterfeit items in the market is a major impediment to the market.

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.

Robotic Vacuum Cleaner Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 450
  • Countries covered: 22
  • Pages: 340
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