Home Household appliances Home robot market worth $19.3 billion by 2027

Home robot market worth $19.3 billion by 2027

0

CHICAGO, September 15, 2022 /PRNewswire/ — Domestic robot market should go from $9.2 billion in 2022 at $19.3 billion by 2027, at a CAGR of 16.0% over the forecast period 2022 to 2027, according to a new report from MarketsandMarkets™. The growth of this market is driven by growing demand for robots in the domestic segment, growing demand for autonomous robots, increase in government initiatives for development of robotic technologies, and growing use of IoT in robots for cost-effective predictive maintenance.

Download the PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=253781130

Browse the in-depth table of contents atDomestic robot market
179 – Tables
54 – Numbers
206 – Pages

Pool cleaning applications held the second largest household robot market share in 2021

Pool cleaning applications held the second largest household robot market share in 2021. A pool cleaner robot is a highly advanced device for cleaning the swimming pool and is considered a sought-after product in the market. Fast, reliable and simple features are important factors driving the demand for products in the industry. The growth avenues of the global market are attributed to increasing disposable income across the world, which further increases their spending abilities in leisure activities, such as swimming and other travel related. These activities encourage increased participation in swimming and thus increase the requirement for equipment and certain other items needed to clean the pool.

Household robot segment will hold a larger market during the forecast period

The household robots include 4 applications: vacuuming, mowing the lawn, cleaning the swimming pool and cleaning the windows. The suction application holds the largest household robot market share. The growth of the household robot market can be attributed to the popularity of products such as robotic vacuum cleaners, as well as growing consumer awareness and acceptance of indoor and outdoor smart home appliances. Technological improvements in household robots, such as area mapping and voice assistant integration, coupled with the practical benefits of automating household chores, are enabling them to capture a greater market share.

Request sample pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=253781130

North America represents the second largest market share of the household robot market during the forecast period

The North American region held the second largest household robot market share in 2021 by value. This can be attributed primarily to the popularity and sales of robotic vacuum cleaners and lawn mowers in the United States and Canada. The influx of IoT and the adoption of autonomous technologies are strong in this region, helping the household robot market to grow rapidly.

Some of the leading companies in the household robot market are iRobot Corporation (USA), Ecovacs Robotics Co., Ltd. (China), Xiaomi Corporation (China), Maytronics, Ltd. (Israel), Samsung Electronics Co., Ltd. (South Korea), Neato robotics, Inc. (USA), Dyson Limited (Singapore), LG Electronics Inc. (South Korea), LEGO A/S (Denmark), Hayward Holdings, Inc. (USA), etc.

Get 10% free customization on this report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=253781130

Browse the adjacent market: Research reports and advice on the semiconductor and electronics market

Related reports:

Service Robotics Market by Environment, Type (Professional, Personal, and Household), Component, Application (Logistics, Inspection & Maintenance, Public Relations, Education, Personnel), and Geography (2021-2026)

Cleaning Robots Market by Type (Professional, Personal), Product (Floor Cleaning, Lawn Cleaning, Pool Cleaning, Window Cleaning), Application (Residential, Commercial, Industrial, Healthcare) and Geography (2021-2026) )

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats that will impact 70%-80% of global business revenue. Currently serving 7,500 customers worldwide, including 80% of global Fortune 1000 companies as customers. Nearly 75,000 senior executives from eight industries around the world approach MarketsandMarkets™ for their revenue decision issues.

Our 850 full-time analysts and MarketsandMarkets™ SMEs track global high-growth markets by following the “Growth Engagement Model – GEM”. The GEM aims for proactive collaboration with customers to identify new opportunities, identify most important customers, write “Attack, Avoid and Defend” strategies, identify additional sources of revenue for the company and its competitors. MarketsandMarkets™ now offers 1,500 MicroQuadrants (positioning top performers among Leaders, Emerging Companies, Innovators, Strategic Players) each year in high-growth emerging segments. MarketsandMarkets™ is determined to benefit over 10,000 companies this year for their revenue planning and help them bring their innovations/disruptions to market by providing research ahead of the curve.

MarketsandMarkets’ flagship competitive intelligence and market research platform, “Knowledge Store”, connects over 200,000 markets and entire value chains for a deeper understanding of unmet information, as well as market sizing and niche market forecasts.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Office 430
Northbrook, IL 60062
UNITED STATES: +1-888-600-6441
E-mail: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/household-robot-market.asp
Visit our website: https://www.marketsandmarkets.com/
Source of content: https://www.marketsandmarkets.com/PressReleases/household-robot.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

SOURCE Markets and Markets