Household Robot Market by Component, Type, Distribution Channel, Application

List of Tables

[191 Pages Report] The Household Robot Market size was estimated at USD 8.18 billion in 2023 and expected to reach USD 9.48 billion in 2024, at a CAGR 16.71% to reach USD 24.16 billion by 2030.

A household robot is an autonomous machine designed to assist with or perform various tasks within a domestic environment, including vacuuming, lawn mowing, window cleaning, assisting the elderly or disabled with day-to-day chores, providing security surveillance, and even offering companionship. Household robots are integrated with advanced technologies, including artificial intelligence, machine learning, sensors, and actuators, enabling them to interact with human beings and their surroundings in an intelligent manner. The primary objective of household robots is to enhance convenience, improve efficiency in home management, and provide support to individuals by taking over repetitive or labor-intensive tasks. The household robots market is growing rapidly, driven by advancements in AI and robotics, surging demand for time-saving solutions, and the need for companionship for an aging population. Despite the rapid growth, the market faces challenges such as high robot development costs, household robot maintenance issues, and privacy threats. However, opportunities for market players lie in developing cognitive capabilities, health monitoring, and advanced recognition technologies alongside the expansion of online retail platforms. Market innovation focusing on enhancing AI, exploring new materials and energy sources, and creating user-friendly interfaces compatible with various smart home devices further presents a lucrative scope for the global household robots market.

KEY MARKET STATISTICS
Base Year [2023]	USD 8.18 billion
Estimated Year [2024]	USD 9.48 billion
Forecast Year [2030]	USD 24.16 billion
CAGR (%)	16.71%

Component: Growing usage of services to provide customer support and periodic software updates

The household robots consist of multifaceted components that include advanced sensors for environmental perception, actuators for movement, control systems imbued with microprocessors for decision-making, reliable power supply sources, communication modules for connectivity, intuitive user interfaces, and intricate software for task management. In the product spectrum, these robots cater to functions such as vacuum cleaning, lawn mowing, security surveillance, providing companionship, and serving as assistive aides. Under the product category, household robots are segmented based on functionality, such as cleaning, entertainment, companionship, and security. Consumers generally show a preference for products that align with their specific household needs. High-demand functionalities often drive this segment. The services cover customer support, periodic software updates, warranty and repair entitlements, optional accessories, and specialized integration services for seamless smart home synchronization. Services associated with household robots encompass installation, maintenance, repairs, and software updates. In addition, they can include educational or operational training. Preference for services follows the robot's complexity and the user's technical proficiency.

Type: Rising potential of domestic robots to assist with household chores

Domestic robots are designed to assist with household chores, such as cleaning, lawn maintenance, and security. The need for domestic robots has increased due to the need for convenience and efficiency in household tasks. Consumers looking for domestic robots often prioritize time-saving features, reliability, and ease of use. Entertainment & leisure robots focus on providing companionship, educational interaction, and entertainment for users. They are designed to cater to different age groups and can range from story-telling bots for children to robots that can play chess with adults. These robots enhance life's enjoyment rather than perform utilitarian tasks.

Distribution Channel: Growing availability of household robots across online distribution channels for 24/7 services

The offline distribution channel for household robots encompasses brick-and-mortar retail outlets such as electronics stores, specialty robot stores, and departmental stores. Customers prefer to use the product firsthand before purchasing and usually opt for the offline channel. There is a need for tactile confirmation, on-spot demonstrations, and the ability to provide instant feedback or queries to the sales staff, which caters to a specific customer segment. The online distribution channel comprises eCommerce platforms, official company websites, and third-party online retailers. This segment has witnessed substantial growth due to the convenience of shopping from home, wider selection range, and comparative ease in finding product reviews. It is preferred by tech-savvy consumers and those seeking competitive pricing and convenience.

Application: Increasing popularity of companionship robots to provide social interaction

The companionship segment involves robots designed to provide social interaction and emotional support to users. Typically, these robots are equipped with voice recognition and conversation abilities. They cater to those living alone or in need of constant company, such as the elderly or individuals with mental health challenges. Elderly & personal assistance robots assist the elderly and individuals with mobility and cognitive impairments. These robots offer functionalities such as medication reminders, mobility support, and emergency alert systems. Lawn mowing robots automate the task of grass cutting and garden maintenance. They cater to homeowners who seek convenience and time-saving solutions for yard upkeep. Robot toys are designed for entertainment and educational purposes, targeting children and hobbyists. Security & surveillance robots provide automated monitoring of residential properties. These robots have features such as intruder detection, real-time video streaming, and alarm systems. They cater to security-conscious homeowners. Vacuuming & cleaning robots represent a significant portion of the household robots market. These robots offer automated and efficient cleaning of floors, carpets, and windows.

Regional Insights

The market for household robots in the Americas is experiencing significant growth, attributed to the advancements in artificial intelligence and machine learning. As consumer adoption increases, North America, particularly the United States, remains at the forefront of this market, with a substantial demand for robotic vacuum cleaners, lawnmowers, and pool cleaning robots. In addition, Latin America is showing growth potential, albeit from a smaller base, influenced by the rising middle class and tech-savvy populace. The Europe, Middle East, and Africa region shows a diverse market landscape for household robots, with Europe demonstrating a high adoption rate for cleaning and entertainment robots, focusing on energy efficiency and high-tech features. The Middle Eastern market is witnessing a surge in demand, fueled by a young, tech-centric demographic and increasing disposable incomes. Asia-Pacific (APAC) is anticipated to be the fastest-growing region for household robots, bolstered by the presence of significant market players and manufacturers in countries including Japan, South Korea, and China. Rising urbanization, a growing middle class, and an inclination towards smart home technologies are key drivers for household robots in this region. Additionally, the APAC market benefits from a favorable manufacturing environment and supportive government policies towards robotics and automation.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Household Robot Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Household Robot Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Household Robot Market, highlighting leading vendors and their innovative profiles. These include Aeolus Robotics Corporation, Aisoy Robotics, S.L., Alfred Karcher SE & Co. KG, Amano Corporation, Amazon.com, Inc., ASUSTeK Computer Inc., Avidbots Corp., Beijing Roborock Technology Co., Ltd., Bissell Homecare, Inc., Blue Frog Robotics SAS, Bobsweep Inc., Cleanfix Reinigungssysteme AG, CYBERDYNE Inc., Digital Dream Labs, LLC, Diversey, Inc. by Solenis LLC, Dyson Limited, Ecovacs Robotics Co., Ltd., Engineered Arts Limited, Eureka Forbes Limited, fischer Deutschland Vertriebs GmbH, Friendly Robots Company, GUANGDONG BONA ROBOT CO., LTD, Haier Group Corporation, Hanson Robotics, Limited, Honda Motor Co., Ltd., Husqvarna Group, InGen Dynamics Inc., Innovation First International, Inc., Intuition Robotics Ltd., iRobot Corporation, LEGO System A/S, LG Corporation, lubluelu, Makita Corporation, Maytronics Ltd., Miele, Miko Robot, Panasonic Holdings Corporation, Peppermint Robotics, Pitsco Education, LLC, Preferred Networks, Inc., Primo Toys, Probotics America, Robolink, Robosen Technologies Ltd., Samsung Electronics Co., Ltd., Shanghai Gaussian Automation Technology Development CO., LTD, SoftBank Robotics Group Corp., Sony Group Corporation, Sphero, Inc., SZ DJI Technology Co., Ltd., Toyota Motor Corporation, UBTECH ROBOTICS CORP LTD., Vorwerk Deutschland Stiftung & Co. KG, WowWee Group Limited, and Xiaomi Corporation.

Market Segmentation & Coverage

This research report categorizes the Household Robot Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Product
- Services

Type
- Domestic
- Entertainment & Leisure

Distribution Channel
- Offline
- Online

Application
- Companionship
- Elderly & Personal Assistance
- Lawn Mowing
- Robot Toys
- Security & Surveillance
- Vacuuming & Cleaning

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Household Robot Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Household Robot Market?

3. What are the technology trends and regulatory frameworks in the Household Robot Market?

4. What is the market share of the leading vendors in the Household Robot Market?

5. Which modes and strategic moves are suitable for entering the Household Robot Market?

Product Code: MRR-43127F72789A

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rise in disposable income and adoption of robotic cleaning devices
  - 5.1.1.2. Increasing use of toys & entertainment robots by younger population
  - 5.1.1.3. Growing demand for household robots for security purposes
- 5.1.2. Restraints
  - 5.1.2.1. High cost of development and deployment of household robot
- 5.1.3. Opportunities
  - 5.1.3.1. Rapid technological advancements and R&D investments to introduce improved robots
  - 5.1.3.2. Potential consumer demand for elderly and personal assistive robots
- 5.1.4. Challenges
  - 5.1.4.1. Concerns associated with data security and privacy
5.2. Market Segmentation Analysis
- 5.2.1. Component: Growing usage of services to provide customer support and periodic software updates
- 5.2.2. Type: Rising potential of domestic robots to assist with household chores
- 5.2.3. Distribution Channel: Growing availability of household robots across online distribution channels for 24/7 services
- 5.2.4. Application: Increasing popularity of companionship robots to provide social interaction
5.3. Market Trend Analysis
- 5.3.1. Increasing investment in robotics and AI by the government coupled with rising household income in the Americas region
- 5.3.2. Ongoing advancements in household robots coupled with expanding usage of robots for assisting the elderly population of the APAC region
- 5.3.3. Rising trend of home automation and robotics along with increasing adoption of household robots in the EMEA region
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Household Robot Market, by Component

6.1. Introduction
6.2. Product
6.3. Services

7. Household Robot Market, by Type

7.1. Introduction
7.2. Domestic
7.3. Entertainment & Leisure

8. Household Robot Market, by Distribution Channel

8.1. Introduction
8.2. Offline
8.3. Online

9. Household Robot Market, by Application

9.1. Introduction
9.2. Companionship
9.3. Elderly & Personal Assistance
9.4. Lawn Mowing
9.5. Robot Toys
9.6. Security & Surveillance
9.7. Vacuuming & Cleaning

10. Americas Household Robot Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Household Robot Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Household Robot Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Intuition Robotics Scores USD 25 Million to Scale AI Care Companion For Seniors
- 13.3.2. Robotic Startup Narwal Launches New Robotic Vacuum
- 13.3.3. Japanese AI Startup Launches Robot for Home Use
- 13.3.4. Lionsbot Launches World's First "Zero Click" Cleaning Robots
- 13.3.5. ECOVACS Launches State-of-the-Art, AI Powered Robot Vacuum DEEBOT T10 OMNI, Offering the Ultimate Hands-Free Cleaning Solution
- 13.3.6. iRobot Introduces World's Most Advanced 2-in-1 Robot Vacuum and Mop with Thoughtful iRobot OS 5.0 Updates
- 13.3.7. New BISSELL Robot Combines a True Clean with Ultimate Convenience
- 13.3.8. Amazon and iRobot Sign an Agreement for Amazon to Acquire iRobot
- 13.3.9. Xpeng Robotics Raises USD 100 Million to Bring Robots to Households
- 13.3.10. Dyson Reveals Home Robot Prototypes That Can Carry Out Domestic Chores

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio