RESIDENTIAL ROBOTIC VACUUM CLEANER MARKET ANALYSIS

Global Residential Robotic Vacuum Cleaner Market size was valued at US$ 2.9 Bn in 2022, exhibiting a compound annual growth rate (CAGR) of 14.6% from 2023 to 2030.

A residential robotic vacuum cleaner refers to a technological device that is used for cleaning residential areas such as pools, lawns, gutters, and floors. Residential robotic vacuum cleaners consist of components like a mobile base, which allows the vacuum cleaner to move in a specific path, rechargeable batteries, cleaning components, and programmable software. These devices use smart sensors and cameras mounted on the top of the devices to gain situational awareness in terms of vision in order to identify the areas that need to be cleaned. In current market scenario, robots are being used in several applications such as, professional services, healthcare, military, supplychain, etc. These devices fall under the non-essential category of products, which are often termed luxuries. Hence, the major driving force behind the market for residential robotic vacuum cleaners is the increasing disposable income among the upper class of the economy. These robots can be used in households as well as commercial or public places like cafes, hotels, parks, museums, shop floors, corporate offices, clubs, etc.

Global Residential Robotic Vacuum Cleaner Market- Regional Analysis

North America held a dominant position in the global residential robotic vacuum cleaner market in 2022, followed by Europe and Asia Pacific.

Figure 1. Global Residential Robotic Vacuum Cleaner Market Share (%), By Region, 2022

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North America held a dominant position in the global residential robotic vacuum cleaner market in 2022, owing to factors like increased inclination towards the adoption of technological solutions in several commercial as well as household and social applications that have created a market for smart cleaning solutions in the region. Moreover, the economic condition in the region is highly stable with high per capita and disposable incomes among the population. For instance, according to the statistics published by World Bank for the year 2022, the per capita income in the region of North America was accounted to be US$ 74,164. This allows the global robotic vacuum cleaner market to expand in the region.

Asia Pacific is another emerging market in terms of robotic vacuum cleaners. The demand for smart cleaning solutions is growing rapidly. The region has countries like India, Indonesia, and China that are witnessing significant growth in the technological sector. This is further expanding the market for robotic vacuum cleaners in the region. In countries like India and China, the number of individuals in the upper class of the economy is growing substantially. This is boosting the growth rate for the global robotic vacuum cleaner market.

Global Residential Robotic Vacuum Cleaner Market- Segmentation

The global residential robotic vacuum cleaner market is classified into the following segments based on robot type and mode of charging:

Based on robot type, the in-house robot segment in the global residential robotic vacuum cleaner market held the dominant position in 2022. In-house robot is a type of robotic vacuum cleaner that is deployed in indoor locations such as house floors, commercial offices, community halls, etc. They perform the task of picking up dust and small waste materials. The in-house robotic vacuum cleaners are deployed for household as well as commercial uses. Hence, the demand for household robotic vacuum cleaners is high as compared to the other segments.

Based on the mode of charging, the manual charging segment holds a dominant market position over the auto battery charging segment. The major reason for this dominance is that the auto-charging technology is still in the development stage and needs more refinement in terms of its practicability. The manual charging segment, on the other hand, uses the traditional method of recharging the battery where human intervention is involved. The manual charging segment might lose its dominant position to the auto battery charging segment in the future when the technology for auto charging evolves substantially.

Figure 2. Global Residential Robotic Vacuum Cleaner Market Share (%) Analysis and Forecast,

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Global Residential Robotic Vacuum Cleaner market was valued at US$ 2.9 Bn in 2022 and is expected to reach US$ 8.54 Bn by 2030, exhibiting a CAGR of 14.6% between 2023 and 2030.

Global Residential Robotic Vacuum Cleaner Market- Key Competitors

Major players operating in the Global Residential Robotic Vacuum Cleaner market include Ecovacs Robotics, Inc., Milagrow Business & Knowledge Solutions (Pvt.) Limited, iRobot Corporation, Pentair plc, Neato Robotics, Inc., Samsung Electronics Co., Ltd., Yujin Robot, Co., Ltd., Philips Electronics N.V., and Hayward Industries, Inc. and Others.

Global Residential Robotic Vacuum Cleaner Market- Recent Developments

• In August 2020, Ecovacs, an auto cleaning robot supplier that deals in robotic vacuum cleaners and different kinds of mobile robots, launched a new product in its T8 series of robots that serves the home cleaning needs of households. The new product comes equipped with an auto obstacle detection system and an improved mopping system to provide efficient cleaning solutions to users.
• In December 2021, Neato Robotics, a global provider of intelligent robot vacuums for household use, announced the launch of the latest models of its Neato D-series vacuum robots. The newly launched vacuum cleaners comprise the widest cleaning brushes and large dust container bins.
• In December 2020, Hayward Industries Inc., a company that offers technological devices for commercial use, announced the expansion of its manufacturing facility in Barcelona. The new facility would provide the company with a system for new product development and customer support for IoT enabled automation systems.

Global Residential Robotic Vacuum Cleaner Market- Drivers:

Rising disposable income in emerging economies:

The world is undergoing a major technological shift as smart devices and systems are being implemented in several verticals across commercial as well as household applications. New and advanced innovations are paving its way into most of the applications across the daily activities of individuals as well as businesses. The adoption of these technologies in the initial stages of their development is highly influenced by the economic state of the region. As these technological innovations tend to be expensive in their initial stages, they can only be adopted by users with enough disposable income. Emerging economies like India, Indonesia, Brazil, South Africa, etc. are witnessing significant economic progress. Economic indicators like GDP (Gross Domestic Product), per capita income, and disposable incomes are growing rapidly in these countries. This is creating a market for smart innovations to be used in household as well as commercial applications, including robotic vacuum cleaners. For instance, according to the report published in November 2021 by the International Monetary Fund, a major financial agency of the United Nations, disposable income and household savings have increased significantly in emerging economies after the COVID-19 pandemic period. This increased level of disposable income will boost the growth of the global residential robotic vacuum cleaner market during the forecast period.

Increasing number of players in the residential robotic vacuum cleaner market:

The technology of residential robotic vacuum cleaner is in its initial stages. The market is still undergoing a lot of evolution, and the technology is being upgraded constantly with innovations and advancements. Hence, more and more players are entering the market in regions like North America, Europe, and certain parts of Asia Pacific. The inductive technological infrastructure in these regions is providing the breeding ground for new market players to carry on their research and development efforts and develop technologically advanced solutions. For instance, in August 2022, Amazon, a global e-commerce company and technological solutions provider, entered the robotic vacuum cleaner market by acquiring iRobot, a U.S.-based robotic vacuum cleaner manufacturing company, to expand its offerings in the smart cleaning solutions segment. The entry of big corporations into the global residential robotic vacuum cleaner market is expected to lead to its expansion during the forecast period.

Global Residential Robotic Vacuum Cleaner Market- Restraint

Insufficient battery power used in residential robotic vacuum cleaner:

Residential robotic vacuum cleaners refer to innovative cleaning solutions for household and commercial usage. The battery packs that are used in these devices consume a lot of power. This leads to increased electricity bills for the users. In order to improve the commercial viability of these devices, the manufacturers should focus on improving the efficiency of the batteries used in such robotic vacuum cleaners. For instance, Ecovacs, an auto cleaning robot supplier, published a blog in November 2022, regarding the battery life of the robotic vacuum cleaners. According to the blog, the batteries used in these devices usually have a capacity of 3000–5200 mAh. This battery size is relatively smaller for such devices, which require frequent functioning. Hence, the limited battery life offered by the current offerings in the global residential robotic vacuum cleaner market is expected to hinder the growth prospects for the same during the forecast period.

Counterbalance: The battery technology is developing significantly in the current market scenario. The batteries used in electronic gadgets are generally lithium-ion batteries. The technology governing these type of batteries is undergoing significant development efforts from the companies across the world. The new batteries are coming up that provide a longer battery life. Moreover, the recharge time is also being improved with better charging components. The market players operating in the residential robotic vacuum cleaner market should focus on adopting such new battery types to provide a better offering to the customers.

Global Residential Robotic Vacuum Cleaner Market- Opportunity

Rise in demand for smart and innovative technological solutions:

The technological landscape is evolving to include numerous innovative solutions that have commercial as well as household applications. Such innovations are being increasingly adopted in several verticals to provide convenience to users in performing operations. The adoption of these solutions is high in sectors where customer delight is valued. Robotic vacuum cleaners come under this category of products, and hence, the population, which is highly inclined towards adopting new and improved solutions in their operations, would lead to a rise in demand for these devices and help in the growth of the market during the forecast period.

Global Residential Robotic Vacuum Cleaner Market- Impact of COVID-19:

The COVID-19 pandemic had a noteworthy impact on businesses across the world. Consequently, the global residential robotic vacuum cleaner market was severely impacted during the pandemic period. The supply side of the market witnessed an unprecedented slowdown due to disruptions in the supply chain. The procurement of raw materials needed for the manufacturing of such technological solutions is primarily sourced from countries like China, Taiwan, Singapore, etc. These countries were severely affected by the pandemic, which disrupted the electronics industry. The key players in the market responded to this challenge by revamping manufacturing capacities as soon as the restrictions on international trade were leveraged and the supply chain started gaining momentum.

*Definition: Residential Robotic Vacuum Cleaner are used in household as well as commercial applications for cleaning the desired premises. The area of application include, in-house cleaning, lawns, pools, community campuses, etc. These devices use components like cleaning brushes, mobile platform and programmable software to provide smart solutions to the users.