Cleaning robots market – 45% of growth will come from APAC

Cleaning Robots Market – Scope

The cleaning robots market covers the following areas:

Cleaning Robots Market – Drivers and Challenges

the changing lifestyles and a tech-savvy population are some of the major drivers for the growth of the cleaning robots market. Citizens are willing to buy products that involve the use of advanced technologies in their operation and are useful in facilitating work, especially time-consuming and repetitive tasks like cleaning. Developed countries show a great affinity for efficient and easily controllable high-tech gadgets. Additionally, changing lifestyles and busy schedules are leaving consumers short on time to perform cleaning and mopping tasks. People would rather use their time in social engagements or productive activities than cleaning and mopping. This promotes the adoption of cleaning robots. Hence, the deployment of cleaning robots has proven helpful in rescuing human workers from the dangers of industrial cleaning operations and hence driving the growth of the market.

However, the high cost of cleaning robots hinders the growth of the cleaning robots market. The cost of deploying professional cleaning robots is high, due to the prices of the electronic components used to manufacture these robots. Also, due to the nature of the job and the environment in which these robots work, they need to undergo frequent maintenance. These robots are incapable of self-maintenance, which is a challenge for the type of operations they perform. Cleaning robots work in hard-to-reach spaces and cannot be constantly monitored. The technology to avoid the myriad of risks has yet to be built into these robots. These yet-to-be-developed factors might hinder the growth of the market over the forecast period.

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Cleaning Robots Market – Segmentation Analysis

the cleaning robots market is segmented by Type (Personal Cleaning Robot and Professional Cleaning Robot) and Geography (APAC, North America, EuropeAME and South America).

The growth of the market share of cleaning robots by the personal cleaning robots segment will be important for revenue generation. Households are the main end users of personal cleaning robots in the residential sector. This sector holds significant growth potential, as providers have only penetrated one-tenth of the total addressable market. This has led to the increasing entry of many new players into the market, including those specializing in consumer electronics. Additionally, the growing trend of online retailing in the residential sector will boost the product sales during the forecast period.

Companies cited

The cleaning robot market is fragmented and vendors are expanding organic and inorganic growth strategies to compete in the market.

  • Beijing Roborock Technology Co. Ltd.
  • Cecotec Innovations SL
  • Ecovacs Robotics Inc.
  • Irobot Corp.
  • LG Electronics Inc.
  • Neato Robotics Inc.
  • Panasonic Corp.
  • Samsung Electronics Co.Ltd.
  • SharkNinja Operating LLC
  • Xiaomi Corp.

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Scope of the cleaning robots market

Report cover

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth momentum and CAGR

Decelerate at a CAGR of 21.85%

Market Growth 2022-2026

$13.29 billion

Market structure

Fragmented

Annual growth (%)

24.12

Regional analysis

APAC, North America, Europe, MEA and South America

Successful market contribution

APAC at 45%

Main consumer countries

United States, China, Japan, Germany and United Kingdom

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Beijing Roborock Technology Co. Ltd., Cecotec Innovaciones SL, Ecovacs Robotics Inc., Irobot Corp., LG Electronics Inc., Neato Robotics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., SharkNinja Operating LLC and Xiaomi Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered:

Abstract

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: forecast for 2021 – 2026

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by type

  • Market segments
  • Comparison by type
  • Personal Cleaning Robot – Market size and forecast 2021-2026
  • Professional Cleaning Robot – Market size and forecast 2021-2026
  • Market Opportunity by Type

Customer landscape

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2021-2026
  • North America – Market size and forecast 2021-2026
  • Europe – Market size and forecast 2021-2026
  • MEA – Market size and forecast 2021-2026
  • South America – Market size and forecast 2021-2026
  • Main leading countries
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Supplier Landscape
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Beijing Roborock Technology Co. Ltd.
  • Cecotec Innovations SL
  • Ecovacs Robotics Inc.
  • Irobot Corp.
  • LG Electronics Inc.
  • Neato Robotics Inc.
  • Panasonic Corp.
  • Samsung Electronics Co.Ltd.
  • SharkNinja Operating LLC
  • Xiaomi Corp.

appendix

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

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