The global Residential Robotic Vacuum Cleaner market was valued at US$ 2.9 Bn in 2022, and is projected to reach US$ 8.54 Bn by 2030, exhibiting a CAGR of 14.6% over the forecast period (2023-2030). According to Global Residential Robotic Vacuum Cleaner Market Report, "By Robot Type (In-house Robot and Outdoor Robot), By Mode of Charging (Manual Charging and Auto Battery Charging) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa).
The technological sector is experiencing unprecedented advancement as far as innovative solutions are concerned. The field of robotics has emerged as an alternative to many conventionally labor-intensive sectors. Robotic vacuum cleaners are a recent development in the field of robotics. These devices provide a smart solution for cleaning house premises as well as commercial sites. The population with relatively high disposable income and an inclined attitude towards the adoption of innovative solutions is expected to drive the growth of the global residential robotic vacuum cleaner market during the forecast period.
Global Residential Robotic Vacuum Cleaner Market- Drivers
Increased demand for automated cleaning solutions:
Residential robotic vacuum cleaners provide a smart solution for cleaning activities for households and businesses. These devices can provide an alternative to the traditional cleaning approach that is highly labor intensive. Premium businesses as well as individuals with high disposable income feel the requirement of having innovative and smart solutions for redundant activities. Residential robotic vacuum cleaners are highly efficient in nature. They operate on fully autonomous architecture which provides the users with necessary convenience.
Global Residential Robotic Vacuum Cleaner Market- Restraints
Low acceptance of residential robotic vacuum cleaners as compared to the traditional cleaning solutions:
The residential robotic vacuum cleaner is a high-end technology that automates the process of cleaning households as well as commercial sites. The traditional cleaning solutions that use human and technological integration are predominantly used in the current market scenario. The devices, like conventional vacuum cleaners, electronic brooms, and other mobile cleaning devices, assist the cleaning staff in efficiently cleaning commercial as well as household premises. The use of completely autonomous cleaning solutions like robotic vacuum cleaners is not justified in the majority of applications due to the extravagant cost associated with such devices. For instance, according to a blog published in October 2021 by Roborock, a China-based company that manufactures consumer electronic devices, conventional vacuum cleaners tend to have more suction power and, hence, are more effective in cleaning dusty surfaces. This points out the fact that in the current market scenario, traditional cleaning solutions provide better performance. This has resulted in lower adoption of residential robotic vacuum cleaners by end-users. This factor is expected to hinder the growth of the global residential robotic vacuum cleaner market during the forecast period.
Global Residential Robotic Vacuum Cleaner Market- Key Developments
In March 2023, Samsung Electronics Co. Ltd., a South Korea-based company dealing in consumer electronics and related components, announced the launch of new robotic vacuum cleaners in premium segments. The new products, namely, Bespoke Jet and Robotic Jet Bot+, would provide completely autonomous cleaning solutions to users.
In September 2022, iRobot Corporation, a U.S.-based technology company that manufactures consumer robots, announced the launch of its new 2-in-1 robot vacuum cleaner plus mop named ‘Roomba J7+’. The new robotic vacuum is designed for households and can be used for cleaning carpets, rugs, and hard floors.
Global Residential Robotic Vacuum Cleaner Market- Impact of COVID-19
The COVID-19 pandemic resulted in country-wide lockdowns and stringent social distancing norms, which affected the operations of the majority of industries. The supply chain was disrupted due to restrictions on international trade and the halting of production activities. Whereas the demand side saw a decline in demand for all the non-essential items. The consumer electronics industry witnessed a stagnancy in growth during the initial phase of the pandemic. The market experienced a significant decline in demand, and the revenue figures fell drastically. But, as the market started gaining momentum after the initial few months, the demand for consumer electronics rose as normal activities started resuming. The resumption of commercial and social activities led to a rise in demand for smart cleaning solutions like robotic vacuum cleaners, and the market players ramped up production to meet the rising demand. Moreover, the market players also focused on developing improved solutions by undertaking research and development efforts to revive the market further after the pandemic period.
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Key Trends and Analysis of the Global Residential Robotic Vacuum Cleaner market:
- The in-house segment held a dominant position in 2022 and is projected to retain its dominance throughout the forecast period. Due to factors like the increasing inclination of upper class of the economy towards the adoption of innovative and smart solutions for cleaning, the in-house segment would exhibit a strong position in the global residential robotic vacuum cleaner market.
- North America held a dominant position in the global residential robotic vacuum cleaner market in 2022 and is expected to maintain its dominance during the forecast period, owing to the increasing adoption of autonomous cleaning solutions.
- Asia Pacific Residential Robotic Vacuum Cleaner market is projected to exhibit the highest CAGR during 2023–2030. The improving economic condition and the rising level of disposable incomes among individual households is expected to increase the demand for residential robotic vacuum cleaners in the region.
- Europe is also expected to show significant growth during the forecast period, owing to the developed technological infrastructure in the region.
- Some of the major players in the Global Residential Robotic Vacuum Cleaner market are 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.
