New York, NY -- (SBWIRE) -- 02/23/2016 -- Residential robotic vacuum cleaners are used to clean residential spaces including pools, floors, and gutters. These devices make use of intelligent sensors to clean hard-to-reach corners and surfaces. A robotic vacuum cleaner comprises a cleaning system, batteries, mobile base, programming software, and other accessories. Some of the products offer advanced features such as room mapping, laser vision, self-charging, and more, for the consumer's convenience. In 2015, the global market for residential robotic vacuum cleaners was worth US$1.2 bn and is anticipated to be worth US$2.4 bn by the end of 2021. Furthermore, the market is expected to exhibit a 12.0% CAGR between 2015 and 2021.

The global market for residential robotic vacuum cleaners is anticipated to register substantial growth in the next few years. Increasing demand for automated cleaning, rising consumer preference for various types of cleaning products and tremendously rising disposable income are some of the major factors expected to boost the demand for residential robotic vacuum cleaners in the coming years. Product innovation and increasing expenditure for research and development by prominent market players are some of the market trends that are propelling the market.

In-House Robotic Vacuum Cleaner Segment Led the Global Market in 2015

On the basis of type, the global residential robotic vacuum cleaner market has been divided into outdoor robots and in-house robots. Among these two types, in 2015, the in-house robot segment dominated the market, holding around 83% of the global market. This segment is further expected to exhibit a 9.90% CAGR between 2015 and 2021. Furthermore, the in-house robotic vacuum cleaner market is segmented on the basis of price, which breaks the market down into the low-end price, mid-range price, and high-end price segments. Among these, the high-end price segment is anticipated to lead the global in-house robotic vacuum cleaner market in the next few years. Nevertheless, the mid-range price segment is projected to register a high CAGR between 2015 and 2021.

These robotic vacuum cleaners have two modes of charging, including auto battery charging and manual charging. Outdoor robot vacuum cleaners can only be charged manually, whereas in-house robotic vacuum cleaners can be charged manually as well as automatically. The manual charging segment is anticipated to showcase a 12.0% CAGR from 2015 to 2021.

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Residential Robotic Vacuum Cleaner Market in Europe to Remain Dominant

The global residential robotic vacuum cleaner market has been geographically divided into Latin America, North America, the Middle East and Africa, Asia Pacific, and Europe. Among all these regions, in 2015, Europe dominated the global residential robotic vacuum cleaner market, holding a share of 44.6%, and is also expected to stay dominant in the coming years. Nevertheless, the Middle East and Africa residential robotic vacuum cleaner market is projected to exhibit the highest CAGR between 2014 and 2021.

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The global residential robotic vacuum cleaner market has been gaining traction in recent years, owing to which many companies are engaged in expanding their product portfolio. Some of the prominent players operating in this market are Neato Robotics, Inc., Samsung Electronics Co., iRobot Corporation, Pentair plc and Milagrow Business & Knowledge Solutions, Hayward Industries, Inc., Dyson Inc., Ecovacs Robotics, Inc., Yujin Robot, Co., Ltd., and Philips Electronics N.V. All these market players are enjoying stiff competition and are hence emphasizing on product development and innovation to provide consumers advanced features in their products. Looking at the profits associated with robotic vacuum cleaners, many new entrants are entering the market to enjoy the competitive advantage.

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