Global Robotic Vacuum Cleaners Market (2020 to 2027) - Growth, Trends, COVID-19 Impact, and Forecasts - GlobeNewswire

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Source: Fortune Business Insights

April 15, 2021 06:18 ET

Global Robotic Vacuum Cleaners Market (2020 to 2027) - Growth, Trends,
COVID-19 Impact, and Forecasts
Top Players in Robotic Vacuum Cleaners Market are Dyson, ECOVACS Robotics, iRobot, LG Electronics,
Samsung Electronics, Kevac Srl - Industrial Vacuums, Sharp Electronics Corporation USA, Philips Innovation
Services, Mamibot Manufacturing USA Inc, Electrolux, Stanley Black & Decker, Inc., Bosch, Panasonic USA,
Miele, BISSELL Homecare, Inc., Cecotec Innovaciones S. L.

Pune, India, April 15, 2021 (GLOBE NEWSWIRE) -- The worldwide "Robotic Vacuum Cleaner market size is
required to arrive at USD 46.75 billion by 2027 because of the expanding reception of computerized items. As
indicated by a distributed report by Fortune Business Insights named, "Robotic Vacuum Cleaner Market Size,
Share and COVID-19 Impact Analysis, By Type (Floor Vacuum Cleaner, Window Vacuum Cleaner, Pool
Vacuum Cleaner), By Application (Household and Commercial), By Operation Mode (Self-Drive and Remote
Control), By Distribution Channel (Online and Offline), By Price (Below USD 150, USD 150 – 300, USD 300 –
500, Above USD 500) and Regional Forecast, 2020-2027," the estimation of this market remained at USD 8.19
billion out of 2019. The market is probably going to display a CAGR of 24.4% CAGR during the figure time frame
set somewhere in the range of 2020 and 2027.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-
reports/robotic-vacuum-cleaners-market-100645

Top Players Overview:

      ECOVACS (Suzhou, China)
      Dyson Ltd. (Malmesbury, United Kingdom)
      LG Electronics (Seoul, South Korea)
      iRobot Corporation (Massachusetts, U.S)
      Proscenic (Zhengzhou, China)
      Samsung Corporation (Seoul, South Korea)
      Neato Robotics (Newark, California)
      Matsutek Enterprises Co. Ltd. (Taipei, Taiwan)
      Robert Bosch GmbH (Gerlingen, Germany)
      Koninklijke Philips N.V. (Amsterdam, Netherlands)
      Bissell Inc. (Grand Rapids, Michigan)
      Panasonic Corporation (Osaka, Japan)
      Sharp Corporation (Osaka, Japan)
      Miele & Cie. KG (Gütersloh, Germany)

The whole world is facing an unprecedented crisis in the form of the COVID-19 pandemic. Most of the
businesses are temporarily unable to operate due to the imposition of lockdown by the governments of various
nations. However, we hope to come out of this situation as soon as an antidote is invented for fighting the novel
coronavirus.

Fortune Business Insights is offering analytical reports on various markets that showcase fluctuating growth
graphs in the coming years due to the COVID-19 pandemic. These reports will help interested candidates and
financers accordingly strategize and prepare for the future.

Request a Sample Copy of the Global Market Research
Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/robotic-vacuum-cleaners-market-
100645

Highlights of the Report:

The report on the Robotic Vacuum Cleaner market offers a comprehensive overview, primarily focusing on
growth drivers, restraints, challenges, and upcoming opportunities. It also discusses the key industry
developments, current trends, and other interesting insights into the market. The report also highlights the market
competition and lists the names of the leading players. The report is available for sale on the company website.

Drivers & Restraints

The advent of Intelligent Software Programming in Vacuum Cleaners to Augment Growth

Various factors are responsible for contributing to the global robotics vacuum cleaners market growth. These
include the introduction of industrial robots, the increasing popularity of Robotic Vacuum Cleaner, and rising
demand from industries such as healthcare, automotive, manufacturing, and others. Additionally, the introduction
of the latest technology into vacuum cleaners such as adjustable suction power, smart navigation system,
intelligent software programming, and others will also add a boost to the growth of the market.

On the flip side, the high cost of installation and maintenance may cause a major hindrance to the growth of the
market. Moreover, rough usage of these machines minimizes its productivity and lifespan of the Robotic Vacuum
Cleaner, thereby hampering the growth of the market

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market-100645

Segmentation-

Floor Vacuum Cleaner Segment to Earn Dominance owing to its Time-Saving Feature

Among all robotic vacuum cleaner types, the floor vacuum cleaner segment earned dominance in 2020. This is
because of the time saving and less operational complications associated with floor vacuum cleaners. However,
the pool vacuum cleaner segment earned a 21.3% share in 2020 and is expected to witness significant growth
owing to the increasing demand from residential and commercial applications.

Regional Analysis-

Asia Pacific Earned Dominance Owing to Launch of Latest Innovations

Among all regions, Asia Pacific generated a revenue of USD 2.60 billion in 2020 and earned the largest Robotic
Vacuum Cleaner market share. This is accountable to the continuous launch of innovative technologies
especially from Japan and the addition of new players into the regional market. On the other side, the market in
North America will showcase notable growth in the forecast years on account of the increasing adoption of
technologically advanced vacuum cleaners by the residential sector. Furthermore, the market in Europe will also
generate significant revenue in the coming years on account of the increasing popularity of cordless vacuum
cleaners and their light-weight nature.

Competitive Landscape-

Introducing Latest Products with Artificial Intelligence Technology – Key Focus of Players
Currently, iRobots is holding a lion’s share in the market competition. In 2020, this company accounted for the
sale of 20 million units or more all over the world. Factors responsible for this successful revenue generation
include additional categories such as lawn mowers, security systems, and others in the domestic robotic
cleaner’s section. The other players are also investing massively in order to stand out in the crowd and gain a
significant position in the competition.

Industry Development

December 2020 – A new floor and wall robot vacuum cleaner called DEEBOT Ozmo 920 was launched by
Ecovacs.

January 2020 DEEBOT Ozmo 960, integrated with Artificial Intelligence was launched by Ecovacs at the
Consumer Electronics Show held in Las Vegas.

Order full Report https://www.fortunebusinessinsights.com/checkout-page/100645

Table of Content

      Introduction
            Definition, By Segment
            Research Methodology/Approach
            Data Sources
      Executive Summary
      Market Dynamics
           Macro and Micro Economic Indicators
            Drivers, Restraints, Opportunities and Trends
            Impact of COVID-19
                 Short-term Impact
                   Long-term Impact
      Competition Landscape
          Business Strategies Adopted by Key Players
            Consolidated SWOT Analysis of Key Players
            Porter’s Five Force Analysis
            Global Market Share Analysis and Matrix, 2019
      Key Market Insights and Analysis, By Segments
      Global Robotic Vacuum Cleaner Market Size Estimates and Forecasts (Quantitative Data), By Segments,
      2016-2027
           By Type (Value and Volume)
                 Floor Vacuum Cleaner
                   Window Vacuum Cleaner
                   Pool Vacuum Cleaner
            By Application (Value)
                 Household
                   Commercial
                       Hospital
                         Offices
                         Airports
                         Others (Entertainment Places, etc.)
            By Operation Mode (Value)
Self-Drive
                    Remote Control
              By Distribution Channel (Value)
                    Online
                    Offline
              By Price (Value)
                    Below USD 150
                    USD 150 - 300
                    USD 300 - 500
                    Above USD 500
              By Region (Value)
                   North America
                    Europe
                    Asia Pacific
                    Middle East & Africa
                    Latin America

TOC Continued…!

Speak To Our Analyst- https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/robotic-vacuum-
cleaners-market-100645

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