Global Robotic Vacuum Cleaners Market 2018-2026: CAGR to Grow at 11.2% - ResearchAndMarkets.com
Aug. 31, 2018
DUBLIN--(BUSINESS WIRE)--Aug 31, 2018--The "Global Robotic Vacuum Cleaners Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.
The global robotic vacuum cleaners market is expected to expand at a CAGR of 11.2% during the forecast from 2018 to 2026 .
Robotic vacuum cleaners are gaining prominence not only among home owners but also commercial and industrial facilities. With the introduction of cleanliness standards, industrial facilities and business organizations are spending substantially on cleaning equipment and accessories.
Changing socioeconomic factors like increased female employment leading to increased number of dual-income households is one of the major trends driving sales of robotic vacuum cleaners across the globe.
In addition, greater emphasis on quality of indoor air and growing awareness regarding the advantages offered by these equipment over manual cleaning bodes well for the growth of the robotic vacuum cleaners market.
Proliferation of Internet retailing has helped reducing purchase cost of robotic vacuum cleaners, further intensifying competition among manufacturers. As of 2017, sales of robotic vacuum cleaners were greater through direct retail than the Internet. However, it is anticipated that their sale would probably improve through online with the proliferating Internet penetration and growing e-commerce industry.
With the growing popularity of robot vacuum cleaners, manufacturers are striving to develop advanced products with improved connectivity through the integration of the cloud, AI, and IoT. For instance, manufacturers have recently developed a state-of-the-art robotic vacuum cleaner integrated with cameras and intercom systems, thereby serving dual purpose of cleaning and security.
Thus, with advancements in technology and consequent introduction of advanced variants, demand for robotic vacuum cleaners will surge further during the forecast period.
Companies ProfiledDyson Ltd. iRobot Corporation ILIFE Robotics Technology Neato Robotics Samsung Electronics Co. Ltd. Ecovacs Robotics Hayward Industries Inc. Sharp Corporation Panasonic Corporation Pentair Yujin Robot Co., Ltd. Metapo, Inc. Miele & Cie. KG Koninklijke Philips N.V Maytronics Ltd.
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Related Topics:Household Appliances,Robotics
INDUSTRY KEYWORD: HOME GOODS RETAIL
SOURCE: Research and Markets
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PUB: 08/31/2018 05:25 AM/DISC: 08/31/2018 05:25 AM