Residential Robotic Vacuum Cleaner Market Industry Analysis Trends prediction 2024

Press Release   •   Oct 03, 2016 02:35 EDT

Transparency Market Research’s new report on the global residential robotic vacuum cleaners market draws on data gathered from premium databases, opinion leaders, and independent research to provide decision makers in this market a clear view of where the market is headed. The report is titled, “Residential Robotic Vacuum Cleaner Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.” The report estimates the size of the global residential robotic vacuum cleaner market in terms of value and volume. By drilling down to the second- and third-level segmentation of the market, the report makes for a comprehensive analytical study.

Residential robotic vacuum cleaners have seen several improvements and advancements over the last decade, making them an appealing investment for consumers in both residential and commercial sectors. The contemporary robotic vacuum cleaners designed for households come with attributes such as room mapping, laser vision, remote timing, stair detection, a compact form factor, and longer battery life.

The market for residential robotic vacuums, also known as robovacs, has reported steady growth in developed nations over the last couple of decades, but is yet to display the same promise in terms of either volume sales or value in developing countries. Even so, that situation is changing now with consumers in developing nations having more income at their disposal – a sizeable portion of which is spent on white goods. Sales of white goods have shown a steady year-on-year rise in countries such as Brazil, India, and China. This aspect will have a positive impact on the sales of robovacs as well. With automation becoming a common trend in many parts of the globe, the demand for residential robotic vacuum cleaners is expected to show a steady upward growth graph.

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However, consumers in countries where traditional cleaning methods are still the standard are still not sold on the idea of investing in robovacs. Moreover, the prices of robovacs could stand in the way of the market’s growth in the short term. This impediment will, however, likely address itself

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