PUBLISHER: The Business Research Company | PRODUCT CODE: 1620088
PUBLISHER: The Business Research Company | PRODUCT CODE: 1620088
A residential robotic vacuum cleaner is an autonomous device designed to clean floors in homes. Utilizing a combination of sensors, algorithms, and sometimes AI, these devices navigate and clean various floor types, including carpets, hardwood, and tiles. They offer convenience by minimizing the manual effort needed to maintain a clean home, making them increasingly popular in modern households.
The main types of residential robotic vacuum cleaners include standard robot vacuum cleaners and robot vacuum cleaners with mopping functions. A standard robot vacuum cleaner is an autonomous device that cleans floors by vacuuming up dirt, dust, and debris while navigating using sensors and programmable controls. These devices can be charged manually or automatically and are available through both offline and online channels.
The residential robotic vacuum cleaners market research report is one of a series of new reports from The Business Research Company that provides residential robotic vacuum cleaners market statistics, including residential robotic vacuum cleaners industry global market size, regional shares, competitors with a residential robotic vacuum cleaners market share, detailed residential robotic vacuum cleaners market segments, market trends and opportunities, and any further data you may need to thrive in the residential robotic vacuum cleaners industry. This residential robotic vacuum cleaners market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The residential robotic vacuum cleaner market size has grown rapidly in recent years. It will grow from $2.51 billion in 2023 to $2.85 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The growth during the historic period can be attributed to several factors, the rising demand for smart systems, increasing consumer awareness, growing urbanization, heightened awareness of hygiene and cleanliness, and a growing preference for automated cleaning solutions.
The residential robotic vacuum cleaner market size is expected to see rapid growth in the next few years. It will grow to $4.76 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%. The anticipated growth during the forecast period can be attributed to several factors, increasing adoption of high-tech devices, rising consumer demand for smart home technologies, development of advanced AI-driven navigation systems, demand for smart household appliances, and a growing working population. Key trends expected to shape this period include technological advancements, integration with smartphones, tablets, and voice assistants, innovations in navigation technology, new product innovations, and strategic mergers and acquisitions.
The increasing working population is anticipated to drive growth in the residential robotic vacuum cleaner market. The working population includes individuals who are either employed or actively seeking employment, generally ranging from ages 15 to 64. This segment is growing due to factors such as population expansion, greater participation of women in the workforce, and extended retirement ages. Residential robotic vacuum cleaners are particularly valuable to this group because they automate cleaning tasks, saving time and effort for busy individuals who need to focus on their work and other responsibilities. For example, in March 2024, the Office for National Statistics, a UK-based government department, reported a rise in the number of payrolled employees in the UK, with an increase of 15,000 from December 2023 to January 2024 and a total rise of 386,000 from January 2023 to January 2024. Projections suggest a further increase of 20,000 in February 2024, bringing the total to approximately 30.4 million. This growing working population is thus fueling the demand for residential robotic vacuum cleaners.
Key players in the residential robotic vacuum cleaner market are innovating with advanced products, such as hybrid robot vacuums and mops, to meet the rising demand for efficient household cleaning solutions. A robot vacuum and mop combines both vacuuming and mopping functions in one device. For instance, in July 2024, iRobot Corporation, a US-based consumer robotics company, introduced the Roomba Combo 10 Max Robot + AutoWash Dock. This device is designed to clean various floor types effectively, featuring a system that automatically refills and recharges the robot, washes and dries its mopping pad, and empties debris. This setup minimizes user maintenance while ensuring floors remain clean. The Roomba Combo 10 Max is equipped with iRobot OS and Enhanced Dirt Detect Technology, which identifies and addresses large concentrations of dirt up to eight times more often, delivering cleaning performance comparable to manual methods. It is also the first iRobot floor cleaner to support the Matter smart home protocol and integrate with the Apple Home ecosystem.
In October 2024, HOBOT Technology Inc., a Taiwan-based electronics manufacturer, teamed up with Solenco UK to introduce a new range of smart robotic cleaners aimed at simplifying household cleaning tasks. This partnership represents a major step for both companies in the expanding smart home market, addressing the increasing consumer demand for home automation. Solenco UK is a UK-based company specializing in robotic vacuum cleaners.
Major companies operating in the residential robotic vacuum cleaner market are Samsung Electronics Co. Ltd., Panasonic Corp., Xiaomi Corporation, Electrolux, Dyson Ltd., Miele, Ecovacs Robotics Inc., LG Electronics Inc., iRobot Corporation, Hoover, Bissell Homecare Inc., Yujin Robot Inc., Ilife Robotics Co. Ltd., Neato Robotics Inc., SharkNinja Operating LLC, Bobsweep Inc., Sweeva Technology Co. Ltd., Roborock Technologies Co. Ltd., Karcher Group, Anker Innovations Limited, Hayward Industries Inc., Tineco Intelligent Technology Co. Ltd., Vorwerk SE & Co. KG, OZMO Inc., Proscenic
Asia-Pacific was the largest region in the residential robotic vacuum cleaner market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the residential robotic vacuum cleaner market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the residential robotic vacuum cleaner market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The residential robotic vacuum cleaner market consists of sales of handheld vacuum cleaners, stick vacuum cleaners, automatic carpet cleaners and window cleaning robots. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Residential Robotic Vacuum Cleaner Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on residential robotic vacuum cleaner market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for residential robotic vacuum cleaner ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The residential robotic vacuum cleaner market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.