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Global Robotic Vacuum Cleaner Market to Rise at 15.30% CAGR between 2016 and 2020, Increasing Trend of Automation to Drive Growth

Press Release   •   Feb 10, 2017 05:24 EST

MarketResearchReports has announced the addition of a new research report on the global market for robotic vacuum cleaners to its huge base of market studies. The market study, titled “Global Robotic Vacuum Cleaner Market 2016-2020,” offers an unbiased as well as a detailed analysis of the historical and the current performance of this market.

This 51-page research study presents a thorough evaluation of the worldwide robotic vacuum cleaner market, taking various industry verticals such as the production volume, pricing of products, the dynamics demand and supply, and the growth rate into consideration.

As per the market report, the global robotic vacuum cleaner market is likely to expand at a healthy CAGR of 15.30% during the period from 2016 to 2020. The increasing trend of automation across the world, propelled by the hectic lifestyle of people, is the key factor behind the exceptional rise of this market.

Apart from this, the advancement in robotic technology, resulting in the development of state-of-art, sophisticated, automated robotic vacuum cleaners, has also stimulated the global market for robotic vacuum cleaners. However, the increasing reports of battery-related issues are publicizing these cleaners in a negative way, hampering the growth of this market, notes the study.

The study further states that the worldwide robotic market has been attracting heavy investments over the past few years, which has helped in increasing the research and development activities to improve the performance and functionality of robotic vacuum cleaners. Over the forecast period, this factor is likely to drive the market’s growth significantly.

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Additionally, the emergence of smart homes and IoT-connected vacuum cleaners is also expected to boost this market in the coming years, states the report.

In this research report, the global market for vacuum cleaners has been regionally segmented into Asia Pacific, Europe, North America, and the Rest of the World.

According to the study, the market for robotic vacuum cleaners in Europe leads the global market and is projected to retain its position over the forecast period, rising at a CAGR of approximately 8.0%. The increasing preferences of people in this region for automated devices to make their everyday jobs easier are propelling the demand for robotic vacuum cleaners in North America.

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The report also presents an analysis of the competitive landscape prevalent in the worldwide market for robotic vacuum cleaners by evaluating the profiles of major companies operating in this market.

As per the research report, LG Electronics, iRobot, Samsung, and Neato Robotics lead the global robotic vacuum cleaner market. Other prominent market participants mentioned in this study are Sharp, Fluidra, Dyson, Yujin Robot, Ecovacs, Zodiac International S.A.S.U., Infinuvo, Hanool Robotics Hayward, Matsutek Enterprises, Bobsweep, Moneual, Miele, Toshiba, Maytronics, and Pentair.

 

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