Global Residential Robotic Vacuum Cleaner Market | APAC to Notice Faster Growth and Occupy 40% Market Share | Technavio
NEW YORK, May 24, 2021 /PRNewswire/ —
The residential robotic vacuum cleaner market is projected to grow by USD 3.49 billion, registering a CAGR of almost 17% during 2021-2025. Technavio’s report on the residential robotic vacuum cleaner market covers the market outlook and growth prospects during the forecast period.
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Request a Free Sample Report
Technavio’s research study provides comprehensive information on the factors affecting the growth of the residential robotic vacuum cleaner market across the following regions.
- North America
- South America
Residential Robotic Vacuum Cleaner Market in APAC:
“APAC occupied about 40% of the market share in 2020 and the region is offering significant growth opportunities for market vendors. Rapid urbanization and the rising middle-class section are increasing the adoption of vacuum cleaners in the region. Also, the increasing number of women in the workforce in countries such as China and India will present significant growth opportunities for market vendors,” says a senior analyst at Technavio.
Factors such as increasing economic prosperity, high purchasing power and disposable income, aging population, increasing adoption of automated solutions, and the emergence of smart cities will be crucial in driving the growth of the market in APAC. The revenue contribution to the market in APAC will be maximum from countries such as China and Japan.
Residential Robotic Vacuum Cleaner Market in North America:
“Vendors operating in North America are making significant investments in R&D to bring innovations in products. Besides, the high awareness among the general public and rising number of working women will be crucial in fueling the market growth in North America,” says a senior analyst at Technavio.
The market is expected to register a 16.39% CAGR in North America during 2021-2025. The market is observing high replacement of traditional and old devices with technically advanced residential robotic vacuum cleaners. In addition, rapid urbanization and increasing standard of living in Mexico will drive the growth of the residential robotic vacuum cleaner market growth in North America. The revenue contribution to the market in North America will be maximum from the US.
Residential Robotic Vacuum Cleaner Market in Europe:
“Consumers in Europe are very educated, tech-savvy, and exhibit high acceptance for technologically advanced products. This is encouraging vendors operating in the region to introduce innovative features such as IoT, mobile app integration, auto charging, and others. Such developments are increasing the market growth in Europe,” says a senior analyst at Technavio.
The market is expected to register a 15.01% CAGR in Europe during the forecast period. The introduction of low-power but high-performance robotic vacuum cleaners and the proliferation of vendors are fostering the growth of the residential robotic vacuum cleaner market in Europe
Know about the major factors impacting the growth of the market across other regions by downloading our free sample report:
The global residential robotic vacuum cleaner market is driven by the following factors:
- Growing traction for smart cities
- Social factors driving adoption of robot vacuum cleaners in urban areas
- European Commission Act: Save energy
Based on the product the report segments the residential robotic vacuum cleaner market by robot vacuum cleaner only and robot vacuum cleaner and mop.
The robot vacuum cleaner only segment registered maximum growth in the market in 2020. The segment is driven by the simplicity of operation, ease of disposing of dust, and lower cost of robotic vacuum cleaners. Also, new product launches are expected to contribute to the growth of the segment during the forecast period.
- View 3 reports monthly!
- Download 3 reports annually!
- Get lifetime access to our Technavio Insights!
Top vendors highlighted in the Residential Robotic Vacuum Cleaner Market Report:
The report offers insights on key products offered and business strategies adopted by major vendors including,
- AB Electrolux
- AirCraft Home Ltd.
- Dyson Ltd.
- Ecovacs Robotics Inc.
- Koninklijke Philips NV
Browse Related Reports:
Customers who bought this report also purchased,
- Residential Robotic Vacuum Cleaner Market in Western Europe 2020-2024
- Global Robotic Vacuum Cleaner Market 2021-2025
- Global Industrial Floor Cleaner Market 2020-2024
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Technavio’s Newsroom: newsroom.technavio.com/news/residential-robotic-vacuum-cleanermarket
View original content to download multimedia:http://www.prnewswire.com/news-releases/global-residential-robotic-vacuum-cleaner-market–apac-to-notice-faster-growth-and-occupy-40-market-share–technavio-301297310.html
The content is by PR Newswire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.