The residential robotic vacuum cleaner market will reach $9.6 billion globally by 2033 at a compound annual growth rate (CAGR) of 13.9%, according to Allied Market Research

The increasing popularity of smart home technologies, as well as improvements in AI and machine learning, which improve the effectiveness and ease of use of these devices, are driving the growth of the residential robotic vacuum cleaner market.

WILMINGTON, Del., August 14, 2024 /PRNewswire/ — Allied Market Research published a report titled, “Residential Robotic Vacuum Cleaner Market By Type (Floor Vacuum Cleaner & Pool Vacuum Cleaner), By Distribution Channel (Offline & Online): Global Opportunity Analysis and Industry Forecast, 2024-2033According to the report, the residential robotic vacuum cleaner market was valued at 2.6 billion dollars in 2023, and is estimated to reach $9.6 billion by 2033, growing at a CAGR of 13.9% between 2024 and 2033.

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Main determinants of growth

The global residential robotic vacuum cleaner market has witnessed growth owing to several factors such as rising adoption of smart home technologies, advancements in artificial intelligence and machine learning, and increasing hygiene awareness. However, high initial cost and data privacy concerns hamper the market growth. Furthermore, a rise in technological innovations, sustainability trends, and product diversification offer remunerative opportunities for the expansion of the global residential robotic vacuum cleaner market.

Report coverage and details:

Segment Highlights

The floor vacuum cleaner segment is expected to grow the fastest during the forecast period.

By type, the floor vacuum segment held the highest market share in 2023, accounting for more than half of the global residential robotic vacuum cleaner market revenue and is likely to maintain its dominance over the forecast period. Rising consumer demand for efficient and convenient cleaning solutions driven by busy lifestyles and increased focus on hygiene is increasing the demand for floor vacuum cleaners. Technological advancements such as AI integration to improve navigation and suction power have significantly enhanced product performance and appeal.

The offline segment is expected to grow the fastest during the forecast period.

By distribution channel, the offline segment held the largest market share in 2023, accounting for nearly four-fifths of the global residential robotic vacuum cleaner market revenue and is likely to maintain its dominance over the forecast period. One of the major factors influencing the development of the offline segment is the continued preference of consumers for in-store shopping experiences where they can physically interact and inspect things before purchasing. Retail stores and showrooms offer personalized customer care and increased product availability, thereby increasing buyer confidence and satisfaction.

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Regional perspective

North America to maintain its dominance until 2033.

By region, North America It held the highest market share in terms of revenue in 2023, accounting for nearly one-third of the global residential robotic vacuum cleaner market revenue and is expected to increase in terms of revenue during the forecast period. North America The country has a significant level of consumer disposable income, enabling the adoption of modern home automation technology. The region’s robust technological infrastructure fosters the advancement of artificial intelligence and smart home ecosystems, allowing residential robotic vacuum cleaners to become increasingly attractive and accessible. Additionally, increased awareness about hygiene and cleanliness, particularly in the wake of the COVID-19 pandemic, has boosted consumer interest in automated cleaning solutions.

Key market players: –

• Ecovacs Robotics Co. Ltd.
• Roborock Technologies Co. Ltd
• LG Electronics, Inc
• iRobot Corporation
• Cecotec Innovations SL
• Neato Robotics Inc. is a leading manufacturer and supplier of consumer electronics and home accessories.
• Electrolux AB
• SharkNinja Limited Liability Company
• Panasonic Corporation
• Haier Group Corporation

The report provides a detailed analysis of these key players in the global residential robotic vacuum cleaner market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting the business performance, operating segments, product portfolio, and strategic moves of the market players to highlight the competitive scenario.

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Recent industry developments

• In October 2022Ecovacs introduced the 2-in-1 DEEBOT N8, featuring increased suction capacity and innovative dToF technology that delivers higher cleaning effectiveness and extremely powerful suction (3000 Pa). It covers over 2000 square feet on a single charge and has innovative dToF technology with OZMO mopping. It uses state-of-the-art laser guidance technology to scan, map and calculate an effective cleaning path.
• In August 2022Amazon announced an agreement to buy iRobot, the creator of the Roomba robot vacuum cleaners, for 1.7 billion dollarsiRobot, best known for its popular Roomba robotic vacuum cleaner, has subsequently expanded its product range to include additional home cleaning robots such as mops and lawn mowers.
• In May 2022Haier revealed its first smart vacuum cleaner technology in Indiathe 2-in-1 robot vacuum cleaner that dries and wet mops. The vacuum cleaner has 2.4 GHz Wi-Fi and Google Home Assistant, as well as smart management functions including the Haier smart app, voice command and remote control.

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Allied Market Research (AMR) is a division of Allied Analytics LLP offering full-service market research and business consulting based in Wilmington, DelawareAllied Market Research offers global enterprises as well as medium and small businesses “Market Research Reports” and “Business Intelligence Solutions” of unmatched quality. AMR aims to provide business insights and consultancy to help its clients make strategic business decisions and achieve sustainable growth in their respective market domain.

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