Cleaning Robot Market Segmentation by Type (Domestic and Professional); by Product (Floor, Lawn, Pool, Window, Tanks, Tubes & Pipe Cleaning Robots and Others); by Application (Residential, Industrial, Commercial, Healthcare, and Others)-Global Demand Analysis & Opportunity Outlook 2031
21 Oct 2022
ICT & Telecom
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022...
The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Global Cleaning Robot Market Highlights Over 2022 - 2031
The global cleaning robot market generated of revenue of nearly USD 9.2 billion in the year 2021 and is estimated to grow at a CAGR of 25% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the constant evolution of the internet of things (IoT) and the deployment of artificial intelligence (AI). Moreover, the easy and efficient use of these robots is one of the major factors expected to drive market growth. According to the statistics by the International Federation of Robotics (IFR), it was estimated that between the years 2016 and 2019, the number of domestic household robots around the globe would rise to USD 31 million. Moreover, during the same time frame, the sales value of robots that cleans floors and swimming pools, as well as mowing lawns were expected to reach close to USD 13 billion. Besides, these robots save a major chunk of time by minimizing manual labor, especially for the working-class population and students, which is considered to drive market growth immensely.
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Cleaning robots are self-contained robots that clean floors, pools, lawns, windows, and other surfaces. The designs of these robots include a spinning brush to spot the tight corners and multiple cleaning features apart from vacuuming such as UV sterilization and mopping among others. These robots are employed in a variety of fields, including healthcare, retail, and commercial. The few products falling in this category include floor, lawn, pool, and window cleaning robots among others. Since the demand for cleaning is a lot higher in these fields, the market is projected to show generous growth in the forthcoming years.
The global cleaning robot market is segmented by type, product, and application. Based on type, the market is bifurcated into domestic and professional cleaning robots. Out of the two, the professional cleaning robot segment is anticipated to hold largest market size in value and is estimated to grow at a promising CAGR over the forecast period. The growth of the segment can be majorly attributed to the easy handling of professional these robots. Moreover, its ability to save time, minimize manual labor, and exhibit spotless cleaning are certain beneficial properties contributing to the growth of the segment.
Global Cleaning Robot Market Regional Synopsis
Regionally, the global cleaning robot market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. The market in North America witnessed a modest growth in the year 2021 as a result of advancement in the field of technology and large consumer base in this region. Alternatively, the market in Asia Pacific region is estimated to witness a modest growth by growing at a significant CAGR over the forecast period. The growth of the market can be attributed to the growing disposable income among consumers in this region. Moreover, budding awareness about these robots and rising trend of these devices are anticipated to be the major factors adding to the growth of the market. In the Asia Pacific region, countries such as China, Korea, and Japan are the major consumers of these robots since the penetration rate of smart homes are the highest in these countries. In the year 2020, the smart home penetration rate recorded nearly 13% growth in China. Additionally, the advancement in technology and improvement in IoT & AI infrastructure are also projected to drive market growth majorly.
Our in-depth analysis of the global cleaning robot market includes the following segments:
Domestic Cleaning Robot
Professional Cleaning Robot
Floor Cleaning Robot
Lawn Cleaning Robot
Pool Cleaning Robot
Window Cleaning Robot
Tanks, Tubes & Pipe Cleaning Robot
Growth Drivers and Challenges Impacting the Growth of the Global Cleaning Robot Market
Evolution of IoT
Easy handling feature in cleaning robot
Faster and spotless cleaning
Minimum manual labor
High cost of the device
Maintenance and timely service associated with the device
Lack of awareness among people
Key Companies Dominating the Global Cleaning Robot Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global cleaning robot market that are included in our report are Panasonic Corporation, Pentair, iRobot Corporation, Nilfisk Group, Vorwerk SE & Co.KG, Haier Group, Xiaomi, Ecovacs Robotics, Inc., LG Electronics, and Mitsubishi Electric Corporation among others.
Latest Developments in the Global Cleaning Robot Market:
09 September 2021: iRobot Corporation announced the launch of “Roomba j7+ Robot Vacuum with Genius” powered by 3.0 Home Intelligence. The aim of the product is to provide superior cleaning performance and easily blend in the house.
15 December 2020: LG Electronics announced the development of an autonomous robot
Key Reasons to Buy Our Report
The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
The report includes detailed company profiles of the major players dominating the market.
We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
We provide customized reports as per the client's requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
FREQUENTLY ASKED QUESTIONS
Evolution of IoT, easy handling feature in these robots, faster and spotless cleaning, and minimum manual labor are the major factors driving the growth of the market.
The market is anticipated to attain a CAGR of ~25% over the forecast period, i.e., 2022-2031.
High cost of the device, maintenance and timely service associated with the device, and lack of awareness among people are estimated to hamper the market growth.
Which region will provide more business opportunities for growth of cleaning robot market in future?
Asia Pacific region will provide more business opportunities for growth of the market in future.
The major players in the market are Panasonic Corporation, Pentair, iRobot Corporation, Nilfisk Group, Vorwerk SE & Co. KG, Haier Group, Xiaomi, Ecovacs Robotics, Inc., LG Electronics, and Mitsubishi Electric Corporation among others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, product, application, and by region.
The professional cleaning robot segment is anticipated to hold largest market size in value and is estimated to grow at a promising CAGR over the forecast period and display significant growth opportunities.
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- Panasonic Corporation
- iRobot Corporation
- Nilfisk Group
- Vorwerk SE & Co KG
- Haier Group,
- Ecovacs Robotics, Inc.
- LG Electronics
- Mitsubishi Electric Corporation