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Robotic Vacuum Cleaner Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR40096
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The robotic vacuum cleaner market share is expected to increase by USD 4.42 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 18%.

This robotic vacuum cleaner market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers robotic vacuum cleaner market segmentation by end-user (residential and commercial) and geography (APAC, North America, Europe, MEA, and South America). The robotic vacuum cleaner market report also offers information on several market vendors, including AB Electrolux, Dyson Ltd., Ecovacs Robotics Inc., ILIFE INNOVATION Ltd., iRobot Corp., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., and Sharp Corp. among others.

What will the Robotic Vacuum Cleaner Market Size be During the Forecast Period?

Robotic Vacuum Cleaner Market Size

Download the Free Report Sample to Unlock the Robotic Vacuum Cleaner Market Size for the Forecast Period and Other Important Statistics

 

Robotic Vacuum Cleaner Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The inclusion of air filters in robotic vacuum cleaners is notably driving the robotic vacuum cleaner market growth, although factors such as the threat from counterfeit products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the robotic vacuum cleaner industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Robotic Vacuum Cleaner Market Driver

There is an increased inclination of people towards automation, owing to the growing popularity of smart homes and smart appliances. With the increase in the tech-savvy population, the preference for products that are technical in their operation and helpful in easing the work has increased. The evolving lifestyles and busy schedules leave consumers hard-pressed for times to perform cleaning and mopping activities. This will influence the robotic vacuum cleaner market growth over the forecast period.

Key Robotic Vacuum Cleaner Market Trend

The additional features in robotic vacuum cleaners is another factor supporting the robotic vacuum cleaner market share growth. With the growing popularity of robot vacuum cleaners, vendors are focusing on developing advanced and innovative products to enhance flexibility, ensure maximum cleaning of floors, and improve connectivity and integration with the cloud, building automation, and IoT. Few innovations in robotic vacuum cleaners are programming cleaning schedules, auto charging, and artificial intelligence. Emerging technologies such as threshold climbing and ultra-slim vacuum cleaners will further increase the capability of robotic vacuum cleaners to ensure durability and better quality than manual vacuum cleaners.

Key Robotic Vacuum Cleaner Market Challenge

The regulatory challenges in Europe will be a major challenge for the robotic vacuum cleaner market during the forecast period. The European Union is determined to lower energy consumption to tackle the issue of climate change. It has effectively reduced its energy consumption from 1,133 Mtoe in 2000 to 1,061 Mtoe in 2014 and is implementing new regulations related to the energy efficiency of appliances such as air conditioners, refrigerators, and vacuum cleaners. As part of the new directives, the new rules will reduce the energy capacity from 1600 W to 900 W and limit the operating noise to 80 dB. Ecodesign directives may affect the performance of robotic vacuum cleaners and will drive many manufacturers of robotic vacuum cleaners out of the European Union. Technavio expects that the manufacturers will face a few issues in developing effective robotic vacuum cleaners.

This robotic vacuum cleaner market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global robotic vacuum cleaner market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the robotic vacuum cleaner market during the forecast period.

Who are the Major Robotic Vacuum Cleaner Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • AB Electrolux
  • Dyson Ltd.
  • Ecovacs Robotics Inc.
  • ILIFE INNOVATION Ltd.
  • iRobot Corp.
  • Koninklijke Philips NV
  • LG Electronics Inc.
  • Panasonic Corp.
  • Samsung Electronics Co. Ltd.
  • Sharp Corp.

 

This statistical study of the robotic vacuum cleaner market encompasses successful business strategies deployed by the key vendors. The robotic vacuum cleaner market is fragmented and the vendors are deploying growth strategies such as developing new generation robots that are technologically advanced than older versions to compete in the market.

Product Insights and News

  • AB Electrolux - The company offers robotic vacuum cleaners under Electrolux and AEG brands.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The robotic vacuum cleaner market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Robotic Vacuum Cleaner Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the robotic vacuum cleaner market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the industrial machinery market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Aftermarket and service
  • Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Robotic Vacuum Cleaner Market?

Robotic Vacuum Cleaner Market Market segmentation by region

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40% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for robotic vacuum cleaners in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The high awareness about robotic solutions and an increase in the aging population will facilitate the robotic vacuum cleaner market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of the COVID-19 pandemic restricted the people's movement and the imposition of social distancing measures propelled the demand for robotic vacuum cleaners from the residential sector. This factor contributed to the growth of the market in focus in the region. However, due to the lockdown restrictions, the commercial sector was adversely affected. This led to a temporary shutdown of businesses, lowered infrastructure investment in the sector, and hampered the commercial sector's demand for the robotic vacuum cleaner. The roll-out of vaccines in the majority of the countries in the region and easing out of restrictions from the beginning of 2021 will propel the product's demand during the forecast period

What are the Revenue-generating End-user Segments in the Robotic Vacuum Cleaner Market?

Robotic Vacuum Cleaner Market Segmentation

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The robotic vacuum cleaner market share growth by the residential segment will be significant during the forecast period. The residential sector holds significant growth potential for robotic vacuum cleaners as vendors have penetrated only one-tenth of the total addressable market. This has led to the increased entry of many new players in the market, including those specializing in consumer electronics products. In addition, the growing trend of online retailing in the residential sector will boost product sales during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the robotic vacuum cleaner market size and actionable market insights on post COVID-19 impact on each segment.

 

Robotic Vacuum Cleaner Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 18%

Market growth 2021-2025

$ 4.42 billion

Market structure

Fragmented

YoY growth (%)

17.45

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 40%

Key consumer countries

China, Japan, US, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AB Electrolux, Dyson Ltd., Ecovacs Robotics Inc., ILIFE INNOVATION Ltd., iRobot Corp., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., and Sharp Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, 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

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What are the Key Data Covered in this Robotic Vacuum Cleaner Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive robotic vacuum cleaner market growth during the next five years
  • Precise estimation of the robotic vacuum cleaner market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the robotic vacuum cleaner industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of robotic vacuum cleaner market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Residential - Market size and forecast 2020-2025
    • Commercial - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Market Segmentation by Application (Qualitative)

    • Market segments

    Market Segmentation by Type of charging (Qualitative)

    • Market segments

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AB Electrolux
      • Dyson Ltd.
      • Ecovacs Robotics Inc.
      • ILIFE INNOVATION Ltd.
      • iRobot Corp.
      • Koninklijke Philips NV
      • LG Electronics Inc.
      • Panasonic Corp.
      • Samsung Electronics Co. Ltd.
      • Sharp Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      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.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      Robotic Vacuum Cleaner market growth will increase by $4416.34 million during 2020-2025.
      The robotic vacuum cleaner market is expected to grow at a CAGR of 17.75% during 2020-2025.
      Technavio has segmented the robotic vacuum cleaner market by end user (Residential and Commercial) and geographic (APAC, North America, Europe, MEA, and South America).
      AB Electrolux, Dyson Ltd., Ecovacs Robotics Inc., ILIFE INNOVATION Ltd., iRobot Corp., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., Sharp Corp. are a few of the key vendors in the robotic vacuum cleaner market.
      APAC will register the highest growth rate of 40.42% among the other regions. Therefore, the robotic vacuum cleaner market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the robotic vacuum cleaner market growth are:
      • Inclusion of air filters in robotic vacuum cleaners
      The robotic vacuum cleaner market vendors should focus on grabbing business opportunities from the residential segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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      • Five-force market analysis

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