According to a new market report published by Transparency Market Research titled ‘Residential Robotic Vacuum Cleaner Market (Product Type: In-House Robot, Outdoor Robot; Charging Type: Manual Charging, Battery Charging; Operation Mode: Self Drive, Remote Control; Distribution Channel: Online, Offline) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ the global residential robotic vacuum cleaner market is expected to reach US$ 4,112.1 Mn by 2026, expanding at a CAGR of 9.2% from 2018 to 2026. Europe held a significant share in the residential robotic vacuum cleaner market in 2017.
The global residential robotic vacuum cleaner market is expected to be driven by factors such as increasing expenditure on household appliances and increasing awareness about indoor health and hygiene. However, the global residential robotic vacuum cleaner market is expected to be challenged by the availability of substitutes in the market. Investment in research and development to make the vacuum cleaners more efficient in suction power and long operation time is likely to offer attractive opportunities to the market. Efficiency, running time, and room coverage is trending in the global residential robotic vacuum cleaner market.
In terms of product type, the in-house robot segment constitutes a dominant share of the global residential robotic vacuum cleaner market. This is because in-house robotic vacuum cleaners are affordable compared to outdoor robotic vacuum cleaners and the prevalence of single households has helped the segment to witness higher growth. In terms of charging type, the battery charging segment constitutes a share of over 55% of the global residential robotic vacuum cleaner market.
This is because consumers find it easy to operate a battery charging robot as it can automatically reach the charging station. In terms of operation mode, remote control dominates the segment due to its cheap cost and extensive availability in the market. In terms of distribution channel, offline channel dominates the market since consumers want to physically understand the product. The robotic vacuum cleaner is only a decade old and consumers desire to inspect the product before buying it. Various companies have innovated with the product to ensure a strong presence in the market. This in turn is expected to boost the growth of the residential robotic vacuum cleaner market. In terms of region, Europe accounts for dominant share of the residential robotic vacuum cleaner market.
The report highlights key developments in the residential robotic vacuum cleaner market. Porter’s Five Force Analysis, which identifies bargaining power of suppliers, bargaining power of buyers, threat from new entrants, threat from substitutes, and degree of competition is included in the report.
Value chain analysis, which shows workflow in the residential robotic vacuum cleaner market and identifies raw material service providers and distribution channels are covered in the report. Segment trends and regional trends are part of the report. It also covers segment-wise comparison matrix, technology development analysis, policy and regulation, incremental opportunity analysis, and market positioning of key players for all regions covered in the scope of the study.
Incremental opportunity analysis identifies and compares attractiveness of segments based on CAGR and market share index across North America, Europe, Asia Pacific, Middle East & Africa, and South America along with all the countries included in these regions. The same has also been provided for the product segments.