The residential robotic vacuum cleaner market is expected to witness significant growth over the next few years, due to growing demand for automated cleaning, growing disposable income and increasing the inclination of consumers towards various cleaning products.
New York, NY -- (SBWIRE) -- 03/03/2016 -- According to the latest market report published by Persistence Market Research, titled "Global Market Study on Residential Robotic Vacuum Cleaner: Europe to Be the Most Lucrative Region throughout the Forecast Period", the residential robotic vacuum cleaner market is estimated to be valued at US$ 1,255.0 Mn by the end of 2015 and is anticipated to expand at a CAGR of 12.0% from 2015 to 2021 in terms of value, to account for US$ 2,475.0 Mn by 2021.
Robotic vacuum cleaner commonly called robovacs, are mainly used for cleaning residential spaces such as floors, pools, and gutters. It comprises a mobile base, cleaning system, programming software, batteries, and other accessories. Robovacs use intelligent sensors to clean tight corners and hard-to-reach surfaces. They are equipped with various advanced features such as laser vision, room mapping, self-charging and others to offer convenience to users.
The residential robotic vacuum cleaner market is expected to witness significant growth over the next few years, due to growing demand for automated cleaning, growing disposable income and increasing the inclination of consumers towards various cleaning products. The residential robotic vacuum cleaner market is segmented into robot type, mode of charging and region.
In terms of value, the global residential robotic vacuum cleaner market is anticipated to expand at a CAGR of 12.0% during the forecast period (2015-2021) to be valued at US$ 2,475.0 Mn by 2021. The global residential robotic vacuum cleaner market was valued at US$ 969.0 Mn in 2014. In terms of volume, the global residential robotic vacuum cleaner accounted for 1,429.7 thousand units in 2014.
In-house robot segment dominates the global residential robotic vacuum cleaner market in terms of value as well as volume. Mode of charging includes manual charging segment and auto battery segments. In-house robots can be charged manually as well as automatically while outdoor robots need to be charged manually.
In terms of value, the in-house robot segment was valued at US$ 824.5 Mn in 2014 and is expected to be valued at US$ 1,045.0 Mn by the end of 2015. Outdoor robot segment is expected to witness the highest CAGR during the forecast period. In terms of volume, the in-house robot segment dominated the global residential robotic vacuum cleaner market in 2014, and it is expected to remain dominant throughout the forecast period. Market value share of outdoor robot segment was 14.9% in 2014 and it is expected account for 25.4% share of the global residential robotic vacuum cleaner market by 2021.
Report also covers a section about segmentation of in-house robotic vacuum cleaner on the basis of price which includes high-end price, mid-range price and low-end price. High-end price segment is expected to dominate global in-house robotic vacuum cleaner market throughout the forecast period. However, mid-range price segment is expected to expand at highest CAGR over the forecast period of 2015-2021.
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On the basis of region, the global market for residential robotic vacuum cleaners is segmented into five regions; among these, Europe is expected to dominate the market, accounting for 44.6% value share by the end of 2015 and it is expected to remain dominant through 2021. However, the Middle East & Africa market is anticipated to expand at a highest CAGR during the forecast period.
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The report on the global residential robotic vacuum cleaner market profiles some of the key players, including Robot Corporation, Neato Robotics, Inc., Yujin Robot, Co., Ltd., Dyson Inc., Ecovacs Robotics, Inc., Hayward Industries, Inc., Philips Electronics N.V, Samsung Electronics Co., Ltd., Pentair plc and Milagrow Business & Knowledge Solutions (Pvt.) Limited. Key market players are focusing on product advancements to offer unconventional products to consumers. For example, in September 2015, iRobot Corporation launched Roomba 980 vacuum cleaning robot. It is the company's first robotic vacuum cleaner to combine adaptive navigation with visual localization, cloud connected app control, and enhanced cleaning power on carpets.
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