PUBLISHER: TechNavio | PRODUCT CODE: 1410730
PUBLISHER: TechNavio | PRODUCT CODE: 1410730
The household robots market is forecasted to grow by USD 13.26 bn during 2023-2028, accelerating at a CAGR of 18.01% during the forecast period. The report on the household robots market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 17.48% |
CAGR | 18.01% |
Incremental Value | $13.26bn |
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for robotic automation processes, social factors driving adoption of robot vacuum cleaners in urban areas, and increasing use of iot in household robots for cost-effective predictive maintenance.
Technavio's household robots market is segmented as below:
By Type
By Distribution Channel
By Geography
This study identifies the emergence of e-commerce as platform for household robots as one of the prime reasons driving the household robots market growth during the next few years. Also, integration of household robots with smart home ecosystems and development of advanced navigation and sensing technologies in household robots will lead to sizable demand in the market.
The report on the household robots market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading household robots market vendors that include AIRROBO, Alfred Karcher SE and Co KG, Beijing Roborock Technology Co. Ltd., BLUE FROG ROBOTICS SAS, Bobsweep Inc., Dyson Group Co., Ecovacs Robotics Co. Ltd., Hayward Holdings Inc., Husqvarna AB, ILIFE INNOVATION Ltd., iRobot Corp., LG Electronics Inc., Maytronics Ltd., Miele and Cie. KG, Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Stanley Black and Decker Inc., Vorwerk Deutschland Stiftung and Co. KG, and Xiaomi Communications Co. Ltd.. Also, the household robots market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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