According to the latest publication from Meticulous Research®, the global robotic vacuum cleaners market is projected to reach $33.3 billion by 2031, growing at a CAGR of 26.9% from 2024 to 2031. This growth is attributed to the increasing penetration of smart and connected home products, rising demand for energy-efficient appliances, and growing disposable incomes. However, the high maintenance cost of these devices poses a restraint to market growth.
Download free sample report here: https://www.meticulousresearch.com/download-sample-report/cp_id=5181?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=07-08-2024
Moreover, the proliferation of internet-connected and voice-controlled robotic vacuums presents significant growth opportunities for market stakeholders, despite the challenges posed by navigation issues in these devices.
The global robotic vacuum cleaners market is segmented by type, distribution channel, operation, price range, and application. The study also evaluates industry competitors and analyzes the market at regional and country levels.
Market Segmentation
By Type
The market is segmented into cleaning robots, hybrid robots, and mopping robots. In 2024, the cleaning robots segment is expected to dominate with over 48% of the global market share. This is due to the high demand for smart and connected products, the need for improved functionality and performance without human interference, and the importance of maintaining clean and hygienic homes. Cleaning robots utilize technologies such as online home mapping, remote access, and anti-collision systems to ensure efficient cleaning.
However, the hybrid robots segment is projected to grow at the highest CAGR, driven by the increasing need for Wi-Fi connectivity, advancements in mopping technology, and a focus on hygiene. Hybrid vacuums offer a two-in-one solution, combining vacuuming and mopping functions, which saves time and effort.
By Distribution Channel
The market is segmented into online and offline channels. In 2024, the online segment is expected to account for over 83% of the global market share. The growth of the e-commerce industry, the convenience of shopping from home, a wide range of available products, competitive pricing, detailed product information, and the ability to compare different models are driving this segment. The online segment is also projected to grow at the highest CAGR during the forecast period.
By Operation
The market is segmented into self-driven and remote-controlled robotic vacuum cleaners. In 2024, the self-driven segment is expected to account for over 68% of the global market share. The adoption of AI and IoT in robotic vacuums, along with innovations in sensor technology and internet connectivity, is driving demand for self-driven robotic vacuum cleaners, which are cost-efficient and offer faster cleaning.
The remote-controlled segment is projected to grow at the highest CAGR during the forecast period, fueled by the increasing demand for AI-enabled vacuum cleaners, strategic developments by key players to offer remote control functionalities via smartphone apps, and advancements in home appliances. Remote-controlled vacuums include handheld devices and transmitters for easy control.
By Price Range
The market is segmented into below USD 200, USD 201 to USD 500, and above USD 501. In 2024, the USD 201 to USD 500 segment is expected to account for over 40% of the global market share. This segment's growth is driven by the demand for additional features such as security cameras, advanced sensors, and compatibility with voice assistants like Google Assistant and Amazon Alexa.
The above USD 501 segment is projected to grow at the highest CAGR, driven by increasing investment in premium appliances, the popularity of smart home devices, and the demand for high-end vacuums with stronger suction power, better filtration systems, and specialized attachments.
By Application
The market is segmented into residential and commercial applications. In 2024, the residential segment is expected to account for over 78% of the global market share. This growth is driven by busy consumer lifestyles, technological advancements in home appliances, and increasing awareness of hygiene. Innovations in residential robotic vacuums, such as UV sterilization and security cameras, are enhancing their functionality. This segment is also projected to grow at the highest CAGR.
Geographical Analysis
The market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, the Asia-Pacific region is expected to account for over 45% of the global market share. This growth is driven by the importance of clean and hygienic homes, shifting consumer preferences towards smart home appliances, and the availability of advanced products. The higher purchasing power in countries like China and South Korea is also contributing to the demand for automated electronic products. The Asia-Pacific region is projected to record the highest CAGR of over 24% during the forecast period.
Key Players
Key players in the global robotic vacuum cleaners market include:
• iRobot Corporation (U.S.)
ECOVACS Robotics Co., Ltd. (China), Beijing Roborock Technology Co. Ltd. (China), Anker Innovation Technology Co., Ltd. (China), Samsung Electronics Co., Ltd (South Korea), Shenzhen Proscenic Technology Co. Ltd. (China), Neato Robotics, Inc. (U.S.), Cecotec Innovaciones S.L. (Spain), LG Electronics Inc (South Korea), Dyson Limited (U.K.), Panasonic Corporation (Japan), and Sharp Corporation (U.S.).
These companies are analyzed based on their product portfolios, geographic presence, and key growth strategies.
Contact Us:
Meticulous Research®
Email: sales@meticulousresearch.com
Contact Sales: +1-646-781-8004
Connect with us on LinkedIn: https://www.linkedin.com/company/meticulous-research