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The household robots market size is forecast to increase by USD 13.26 billion at a CAGR of 18.01% between 2023 and 2028. Household robots have gained significant attention in the market due to the increasing demand for automation and innovation. The emergence of e-commerce has become a catalyst for the market growth analysis of the market, offering companies a powerful avenue to showcase, sell, and promote their innovative products to a global audience. The service segment, which includes customer support, troubleshooting, and technical support, plays a crucial role in marketing and selling these robots. Providers offer general guidance, online resources, dedicated helplines, chat support, and in-person assistance to ensure a seamless customer experience. Moreover, maintaining and repairing household robots require regular software updates, hardware repairs, and replacements. Advancements in technology continue to drive interest from consumers, with improvements in artificial intelligence and machine learning capabilities. However, the high initial purchase cost remains a challenge for some potential buyers. To address this, companies offer various financing options and extended warranties.
The market is experiencing significant growth as consumers seek to enhance the convenience and usability of their living spaces. These robots are designed to perform various labor-intensive tasks, from floor cleaning to entertainment and elderly care. In this article, we will explore the key trends and technologies shaping the market. Robots are engineered to work tirelessly, offering consumers a reliable labor force that does not succumb to fatigue or boredom. Their ability to work for extended periods without rest ensures that tasks are completed efficiently and effectively.
Additionally, robots are equipped with advanced charging systems that enable them to recharge autonomously or be easily recharged by their users. This feature ensures that the robots are always ready to perform their functions, reducing the need for human intervention. Household robots are designed to make life easier for their users. They offer intuitive interfaces and can be controlled via smartphone apps, voice commands, or remote controls. Moreover, they can be programmed to perform tasks at specific times, ensuring that chores are completed when it is most convenient for the user. Artificial Intelligence and IoT Devices: The integration of artificial intelligence and IoT devices is transforming the market.
Moreover, these technologies enable robots to learn from their environment and adapt to the user's preferences. They also allow for seamless integration with other smart home devices, creating a cohesive and efficient home automation system. Household robots offer a cost-effective alternative to human labor for performing repetitive and labor-intensive tasks. They are particularly useful for individuals with mobility issues or those who require assistance with daily chores. Robots are engineered to be reliable and require minimal maintenance. They are built with durable materials and can withstand heavy usage. Moreover, they are equipped with self-diagnostic capabilities, allowing for early identification and resolution of any issues.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The domestic segment is estimated to witness significant growth during the forecast period. The market is witnessing significant expansion due to the rising preference for automated solutions in managing daily household chores. Consumers are increasingly seeking convenience and time-saving alternatives, leading to the increasing popularity of products such as robotic vacuums and automated mops. Advanced technologies like AI and sensor systems are enhancing the functionality of these devices, enabling them to navigate obstacles, learn user behavior, and adapt to cleaning patterns. New players in the market are introducing lightweight designs and increased power to cater to the evolving needs of consumers. Furthermore, pet tools and hygienic cleaning solutions are gaining traction, as are big data capabilities that allow for customized user experiences. Autonomous driving robots and IoT devices are also making their way into households, offering labor service and reliability. The integration of these technologies is driving the digital transformation of household chores, increasing productivity, consistency, and speed. Maintenance and human labor force costs are significant considerations for consumers, making the reliability and low maintenance features of household robots a major selling point.
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The domestic segment was valued at USD 2.55 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The North American market is experiencing significant growth and is a key contributor to global market expansion. This trend is primarily driven by the increasing adoption of robotic lawnmowers and vacuum cleaners in the United States and Canada. The consumer robotics sector in North America is thriving due to the IoT revolution and the prevalent use of autonomous technologies. Household robots, including floor cleaning machines and entertainment systems, are gaining popularity in North America, especially among the geriatric population seeking assistance with elderly care and home security monitoring. Innovative technologies such as machine vision cameras and intuitive robotics, like Intuition Robotics' Wise Vacuum Cleaner, are fueling the market's growth. Major players in the North American market include companies like iRobot and Bosch. These companies are focusing on developing smart home concepts that cater to consumers' needs for convenience, entertainment, and security.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing demand for robotic automation processes is notably driving the market growth. As technology continues to progress, consumers are increasingly seeking automated solutions to simplify and enhance various aspects of daily life. This demand is fueled by several key factors. There is a rising emphasis on convenience and time-saving solutions. Household robots, like robotic vacuum cleaners, smart home assistants, and automated lawnmowers, offer users the ability to delegate routine tasks, allowing them to focus on more meaningful activities.
Moreover, the growth of the IoT and the affordability of robotic technologies contribute further to the expansion of the household robots market. As these technologies become more accessible and meet the evolving needs and expectations of consumers for intelligent and automated home solutions. Therefore, the global household robots market is likely to witness a sustained upward trajectory during the market forecast period.
The emergence of e-commerce as a platform is an emerging trend shaping market growth. The emergence of e-commerce has significantly contributed to driving the growth of the global household robots market by providing an efficient platform for sales, distribution, and consumer outreach. E-commerce platforms offer a vast reach, enabling manufacturers to connect with a global consumer base. Notable instances include the availability of robotic vacuum cleaners, smart home assistants, and other household robots on major e-commerce platforms such as Amazon, Alibaba, and various specialized online retailers. These platforms provide comprehensive product information, customer reviews, and a seamless purchasing experience.
Furthermore, consumers can explore and order these products from the comfort of their homes, reinforcing the appeal of these technologies in enhancing daily life. Such factors are expected to drive the market growth during the forecast period.
The high cost associated with household robotic systems is a significant challenge hindering market growth. The intricate technology embedded in household robots, including advanced sensors, AI, and precision engineering, contributes to the high production costs. Manufacturers often invest heavily in research and development to enhance the capabilities of these robots, driving up overall expenses. The cost of materials and components used in the manufacturing process, such as high-quality plastics, durable metals, and sophisticated electronic components, adds to the overall production cost.
Moreover, the relatively limited volume of production compared to more established consumer electronics markets, such as smartphones or televisions, contributes to higher per-unit manufacturing costs. The consequence of these factors is reflected in the retail prices of household robotic systems, making them less accessible to a broader consumer base. Affordability remains a crucial consideration for many potential buyers, especially in price-sensitive markets. Thus, such factors will hamper the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AIRROBO - The company offers household robots such as the Airrobo P20 robot vacuum that thoroughly picks up and disposes of debris, pet hair, and food crumbs from hard floors and carpets at high suction power 2800Pa.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Household robots have gained significant focus in the robotics industry due to their endurance capability and charging capabilities, making them an attractive solution for consumers seeking convenience and usability. Technologies such as artificial intelligence and IoT devices have fueled innovations in this market, allowing robots to perform various household chores with ease. Indoor and outdoor robots, including vacuuming robots, pool cleaning robots, and lawn mowing robots, offer cost-efficiency and consistency in productivity. The adoption rate of domestic robots is rapidly increasing, driven by the aging population in developed countries and the need for better healthcare and accessibility. The affordability and availability of these robots, along with improvements in their initial purchase price and customer support, have made them an attractive option for consumers.
However, regulatory issues surrounding the protection of data and personal information are major concerns for consumers. Floor plans and smartphone applications have become authentic applications for controlling and monitoring household robots. The revenue potential of this market is significant, with major market players investing in advancements in technology and marketing strategies to sell robots to consumers. Despite the benefits, challenges such as reliability, maintenance, and repair costs remain. Innovations in battery technology, such as nickel-metal hydride batteries and self-charge features, have addressed some of these concerns. Voice commands, AI, and navigation features have also added to the convenience of using household robots.
In conclusion, the increasing interest in robots for various applications, from entertainment to elderly care, has led to the emergence of new players in the market. Lightweight designs, increased power, and pet tools have added to the hygienic cleaning solution offered by robots. Big data and machine vision cameras have improved the performance and intelligence of these robots, making them an essential part of the digital transformation in households.
Market Scope |
|
Report Coverage |
Details |
Page number |
152 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 18.01% |
Market growth 2024-2028 |
USD 13.26 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
17.48 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 32% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AIRROBO, Alfred Karcher SE and Co KG, Beijing Roborock Technology Co. Ltd., BLUE FROG ROBOTICS SAS, Bobsweep Inc., Dyson Group Co., Ecovacs Robotics Co. Ltd., Hayward Holdings Inc., Husqvarna AB, ILIFE INNOVATION Ltd., iRobot Corp., LG Electronics Inc., Maytronics Ltd., Miele and Cie. KG, Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Stanley Black and Decker Inc., Vorwerk Deutschland Stiftung and Co. KG, and Xiaomi Communications Co. Ltd. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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