Global Market Study on Residential Robotic Vacuum Cleaner: Europe to Be the Most Lucrative Region throughout the Forecast Period


  • Published On : Dec-2015 |
  • Pages : 237 Pages |
  • Format :

Robotic vacuum cleaners commonly called robovacs, are mainly used for cleaning residential spaces, such as floors, pools, and gutters. It comprises a mobile base, cleaning system, programming software, batteries, and other accessories. Robovacs use intelligent sensors to clean tight corners and hard-to-reach surfaces. It is equipped with various advanced features such as laser vision, room mapping, self-charging and others to offer convenience to users.

To understand and assess the opportunities in this market, the report is categorically split into three sections, namely, market analysis by robot type, mode of charging, and region. This report covers the global residential robotic vacuum cleaner market performance in terms of value and volume contribution. The report includes key trends, drivers, restraints and trends influencing the growth of the global residential robotic vacuum cleaner market. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in this report to better equip clients with crystal clear decision-making insights.

The report starts with an overview and introduction of the global residential robotic vacuum cleaner market and market segments. In the same section, PMR offers insights about the global residential robotic vacuum cleaner market performance in terms of both value and volume.

The residential robotic vacuum cleaner market is segmented as follows:

  • By Robot Type
  • By Mode of Charging
  • By Region

On the basis of robot type, the market is segmented as follows:
 

  • In-house Robot
  • Outdoor Robot

Of these, in-house robot segment accounted for highest share in terms of value and volume of the overall residential robotic vacuum cleaner market in 2014. The report also covers a section about the segmentation of in-house robotic vacuum cleaner on the basis of price which includes high-end price, mid-range price and low-end price. The residential robotic vacuum cleaner market is mainly driven by factors such as growing demand for automated cleaning, increasing consumer inclination towards various types of cleaning products and rising disposable income. Major trends observed in the residential robotic vacuum cleaner market include growing product advancements by key market players and growing number of market players. The report also comprises a section that analyzes the market on the basis of mode of charging and provides market size in terms of value for the forecast period.

On the basis of mode of charging, the market is segmented as follows:
 

  • Manual Charging
  • Auto Battery Charging

Of the above segments, in terms of value, the manual charging segment is expected to register the highest CAGR during the forecast period. Leading market participants are investing significantly in R&D activities in order to introduce new advanced robotic vacuum cleaners. For instance, in September 2015, iRobot Corporation launched Roomba 980 vacuum cleaning robot. It is the company’s first robotic vacuum cleaner to combine adaptive navigation with visual localization, cloud-connected app control and enhanced cleaning power on carpets.

The report also analyzes the market across various key regions and provides market size in terms of value and volume for the forecast period (2015–2021).

Regions covered in the report are as follows:
 

  • North America
  • Asia Pacific
  • Europe
  • The Middle East & Africa
  • Latin America

Of the aforementioned segments, in terms of value, Europe is expected to dominate the market, accounting for 44.6% value share by the end of 2015 and it is expected to remain dominant through 2021. However, the Middle East & Africa market is anticipated to expand at the highest CAGR during the forecast period.

Global residential robotic vacuum cleaner market is also witnessing the trend of increasing R&D expenditure by key market players. For example, In September 2014, Dyson Inc. launched Dyson 360 Eye robotic vacuum cleaner. The company is reported to have invested a whopping US$ 47 Mn in R&D for the vacuum cleaner.

Robotic vacuum cleaner commonly called robovacs, are mainly used for cleaning residential spaces such as floors, pools, and gutters. It comprises a mobile base, cleaning system, programming software, batteries, and other accessories. Robovacs use intelligent sensors to clean tight corners and hard-to-reach surfaces. They are equipped with various advanced features such as laser vision, room mapping, self-charging and others to offer convenience to users.

The residential robotic vacuum cleaner market is expected to witness significant growth over the next few years, due to growing demand for automated cleaning, growing disposable income and increasing the inclination of consumers towards various cleaning products. The residential robotic vacuum cleaner market is segmented into robot type, mode of charging and region.

In terms of value, the global residential robotic vacuum cleaner market is anticipated to expand at a CAGR of 12.0% during the forecast period (2015-2021) to be valued at US$ 2,475.0 Mn by 2021. The global residential robotic vacuum cleaner market was valued at US$ 969.0 Mn in 2014. In terms of volume, the global residential robotic vacuum cleaner accounted for 1,429.7 thousand units in 2014.

In-house robot segment dominates the global residential robotic vacuum cleaner market in terms of value as well as volume. Mode of charging includes manual charging segment and auto battery segments. In-house robots can be charged manually as well as automatically while outdoor robots need to be charged manually.

In terms of value, the in-house robot segment was valued at US$ 824.5 Mn in 2014 and is expected to be valued at US$ 1,045.0 Mn by the end of 2015. Outdoor robot segment is expected to witness the highest CAGR during the forecast period. In terms of volume, the in-house robot segment dominated the global residential robotic vacuum cleaner market in 2014, and it is expected to remain dominant throughout the forecast period. Market value share of outdoor robot segment was 14.9% in 2014 and it is expected account for 25.4% share of the global residential robotic vacuum cleaner market by 2021.

Report also covers a section about segmentation of in-house robotic vacuum cleaner on the basis of price which includes high-end price, mid-range price and low-end price. High-end price segment is expected to dominate global in-house robotic vacuum cleaner market throughout the forecast period. However, mid-range price segment is expected to expand at highest CAGR over the forecast period of 2015-2021.

On the basis of region, the global market for residential robotic vacuum cleaners is segmented into five regions; among these, Europe is expected to dominate the market, accounting for 44.6% value share by the end of 2015 and it is expected to remain dominant through 2021. However, the Middle East & Africa market is anticipated to expand at a highest CAGR during the forecast period.

The report on the global residential robotic vacuum cleaner market profiles some of the key players, including Robot Corporation, Neato Robotics, Inc., Yujin Robot, Co., Ltd., Dyson Inc., Ecovacs Robotics, Inc., Hayward Industries, Inc., Philips Electronics N.V, Samsung Electronics Co., Ltd., Pentair plc and Milagrow Business & Knowledge Solutions (Pvt.) Limited. Key market players are focusing on product advancements to offer unconventional products to consumers. For example, in September 2015, iRobot Corporation launched Roomba 980 vacuum cleaning robot. It is the company’s first robotic vacuum cleaner to combine adaptive navigation with visual localization, cloud connected app control, and enhanced cleaning power on carpets.
 

residential-robotic-vacuum-cleaner-market

The report on the global residential robotic vacuum cleaner market profiles key players including:

  • iRobot Corporation.
  • Neato Robotics, Inc.
  • Yujin Robot, Co., Ltd.
  • Dyson Inc.
  • Ecovacs Robotics, Inc.
  • Hayward Industries, Inc.
  • Philips Electronics N.V.
  • Samsung Electronics Co., Ltd.
  • Pentair plc.
  • Milagrow Business & Knowledge Solutions (Pvt.) Limited.
  • Other
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