Household Robots Market - By Type, By Component, By Application, By Distribution Channel & Forecast 2024

Description

Household Robots Market size is estimated to expand at over 19.3% CAGR from 2024 to 2032, driven by the convergence of technological advancements and changing consumer lifestyles. As automation technologies continue to develop, household robots are becoming increasingly sophisticated for catering to a wide range of domestic tasks, such as cleaning, cooking, and home security. Of late, the demand for convenience and time-saving solutions among consumers, particularly in dual-income households where time for household chores is limited, is significantly rising.

Moreover, robot vacuum cleaners and other automated devices are designed to optimize energy consumption and reduce waste, aligning with the growing emphasis on eco-friendly practices among consumers. Strong advancements in AI & ML also enable household robots to learn and adapt to individual preferences, enhancing their utility and appeal to consumers. In January 2024, Samsung unveiled its first robot vacuum-mop that used AI to detect stains and could steam clean floors.

The household robots market is classified into type, component type, application, distribution channel, and region.

Based on component, the industry value from the hardware segment will witness rapid expansion in the forecast period, owing to the functionality and performance of robotic devices. Key hardware components, such as sensors, actuators, processors, and motors are essential for executing various tasks efficiently, ranging from navigation and obstacle detection to manipulation and interaction. As technological advancements continue to enhance the capabilities of household robots, the demand for high-quality hardware components to ensure reliability, accuracy, and durability will rise.

In terms of type, the household robots market from the entertainment & leisure segment is projected to depict over 18% growth rate from 2024 to 2032, due to the higher adoption for catering to the evolving needs and preferences of consumers. Entertainment & leisure robots offer innovative features, such as interactive games, voice-controlled assistants, and entertainment functionalities for enhancing the overall user experience and appeal of household robots. As consumers increasingly seek companionship, entertainment, and convenience in their homes, the demand for entertainment and leisure type robots is surging.

Europe household robots industry size is slated to record over 19% CAGR during 2024-2032, attributed to the stringent regulations and standards regarding labor and safety. The increasing aging population in Europe is fueling the demand for assistive robots for catering to the needs of elderly individuals for independent living and caregiving support. Moreover, the cultural inclination towards smart home technologies and sustainability is further accelerating the regional market growth, as consumers seek innovative solutions for energy efficiency and convenience in their households.

Product Code: 8322

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360 degree synopsis, 2018 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing demand for automation and convenience
  - 3.8.1.2 Integration of smart home ecosystems
  - 3.8.1.3 Rising technological advancements
  - 3.8.1.4 Growing aging population seeking home assistance
  - 3.8.1.5 Growing focus on environmental consciousness
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 Limited adaptability
  - 3.8.2.2 Privacy infringement concerns
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Type, 2018 - 2032 (USD Million)

5.1 Key trends
5.2 Domestic robots
5.3 Entertainment & leisure robots

Chapter 6 Market Estimates & Forecast, By Component Type, 2018 - 2032 (USD Million)

6.1 Key trends
6.2 Hardware
6.3 Software
6.4 Service
- 6.4.1 Support and maintenance
- 6.4.2 Software subscriptions
- 6.4.3 Data analytics

Chapter 7 Market Estimates & Forecast, By Application, 2018 - 2032 (USD Million)

7.1 Key trends
7.2 Vacuuming & mopping
7.3 Lawn mowing
7.4 Pool cleaning
7.5 Companionship
7.6 Others

Chapter 8 Market Estimates & Forecast, By Distribution Channel, 2018 - 2032 (USD Million)

8.1 Key trends
8.2 Online sales
8.3 Retail stores
8.4 Home improvement stores
8.5 Appliance stores

Chapter 9 Market Estimates & Forecast, By Region, 2018 - 2032 (USD Million)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 Saudi Arabia
- 9.6.3 South Africa
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Blue Frog Robotics
10.2 Dolphin Robotics
10.3 Ecovacs Robotics Co., Ltd.
10.4 Honda Motor Co., Ltd.
10.5 Husqvarna Group
10.6 iRobot Corporation
10.7 Jibo
10.8 LG Electronics Inc.
10.9 Maytronics Ltd.
10.10 Neato Robotics Inc.
10.11 Robomow
10.12 SoftBank Robotics

Household Robots Market - By Type, By Component, By Application, By Distribution Channel & Forecast 2024 - 2032