Global Robot Vacuum Market Outlook 2017-2022

Global Robot Vacuum Market is estimated to grow at a substantial CAGR of 12.6% by 2022 as the scope, product types, and its applications are increasing across the globe. Robot vacuum cleaner, also known as “robovac”, is a self-governing robotic vacuum cleaner that has smart software design and a partial vacuum cleaning system.

The factors that propel the growth of the Robot Vacuum Market include increasing disposable income and the increasing inclination of consumers toward automatic and digitally progressive products, particularly in emerging areas. On the other hand, there are factors that may hamper the growth of the market including high manufacturing cost. Robot Vacuum Market may be explored by type, application, end users, sale channel and geography. Robot Vacuum Market may be explored by Type as Robotic Pool Vacuum Cleaner, and Robotic Floor Vacuum Cleaner. 

Robot Vacuum Market may be explored by applications as commercial and residential. Robot Vacuum Market could be explored based on end user as Commercial Customer, Hospitality, Offices, Healthcare, Retail, and Others (Education, Airports), and Residential Customer. Robot Vacuum Market could be explored based on sales channel as Retail Sales and Institutional/Direct Sales. 

Robot Vacuum Market is categorized based on geography into North America, Latin America, Japan, Middle East and Africa, Western Europe, Asia Pacific, and Eastern Europe. North America and Europe accounted for the major share of the Robot Vacuum Market Size in 2017 and will continue to lead in the forecast period. The factors that play an important role includes high disposable income in these regions, occurrence of foremost manufacturers in developed counties, growing acceptance of technological innovations. 

The key players contributing in the robust growth of the Robot Vacuum Market comprise ECOVACS ROBOTICS, iRobot Corporation, Neato Robotics, Samsung Electronics Co. Ltd., Dyson Ltd., Metapo, Inc, Maytronics Ltd., LG Electronics Inc., Koninklijke Philips N.V., Panasonic Corporation, Hayward Industries Inc., Miele & Cie. KG, ILIFE Robotics Technology, Haier Electronics Group Co Ltd, Sharp Corporation, among others. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

The global market for robot vacuum will grow at a CAGR of 12.6% by 2022, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (residential, commercial, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the robot vacuum market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the robot vacuum market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the robot vacuum market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global robot vacuum market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the residential, commercial, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global robot vacuum market.

Key Applications
- Residential
- Commercial

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- iRobot
- Ecovacs
- Panasonic
- Proscenic
- LG
- Philips
- Samsung
- Fmart
- Dyson
- Neato
- Miele
- Sharp
- Toshiba
- YUJIN ROBOT
- request free sample to get a complete list of companies

Key Questions Answered in this Report
- What will the market size be in 2022?
- What are the key factors driving the global robot vacuum market?
- What are the challenges to market growth?
- Who are the key players in the robot vacuum market?
- What are the market opportunities and threats faced by the key players?