Robotic Vacuum Cleaners Global Market Report 2022

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Major players in the market are Dyson Ltd. , ECOVACS Robotics Co. Ltd. , Philips NV, LG Electronics Inc. , Panasonic Corp. , Samsung Electronics Co. Ltd. , Sharp Corp. , Neato Robotics, Miele & Cie.

New York, March 23, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the report “Robotic Vacuum Cleaners Global Market Report 2022” – https://www.reportlinker.com/p06247526/?utm_source=GNW
KG, and iRobot Corporation.

The global robotic vacuum cleaners market is expected to grow from $ 5.59 billion in 2021 to $ 5.99 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The growth is mainly due to companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $ 7.83 billion in 2026 at a CAGR of 6.9%.

The robotic vacuum cleaners market consists of sales of robotic vacuum cleaners and related services.It can clean floors, windows, pools and gardens efficiently without any human effort.

Robotic vacuum cleaners or Robovac are home appliances, designed to clean our homes autonomously without human intervention. They are fully automated and artificial intelligence powered with various sensors and scheduling programs.

The main types of robotic vacuum cleaners are robotic floor vacuum cleaner and robotic pool vacuum cleaners that are used in residential and commercial areas.Robotic floor vacuum help in cleaning hard floors using robotic technology.

Robotic vacuum cleaners use different types of charging like automatic charging and manual charging.

Asia Pacific was the largest region in the robotic vacuum cleaners market in 2021.Western Europe was the second-largest region in the robotic vacuum cleaners market.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Rising investments for developing new technologies in robotic vacuum cleaners is contributing to the growth of the robotic vacuum cleaners market. The rising investments for innovations in hardware and software technologies, such as sensors and decision-making capabilities also helps consumers to save time thereby attracting the customers to purchase robotic vacuum cleaners for household chores.

For instance, in 2019, in the UK, the government invested £ 12 million ($ 16 million) for developing new technologies in robots that perform household tasks.It led to partnership between Imperial College and Dyson, a robotic vacuum cleaner manufacturer for creating nextgen household products to complete household chores.

Also, for instance, in 2020, in the USA, private companies such as Yidu Cloud, Tsinghua AI Fund and Matrix Partners invested $ 15 million in Trifo, into its AI-home robots’ vacuum in the hardware and software development for expanding in the US and European markets. Rising investments and support from government thereby contributes to the growth of the market.

The high cost of robotic vacuum cleaners is expected to limit the growth of the robotic vacuum cleaners market.Robotic vacuum cleaners are costly and causes potential consumers to think twice before they invest in them.

For instance, in 2019, in the USA, iRobot’s newly launched robotic vacuum cleaner Roombas are extremely expensive such as Roomba i7 priced at $ 1,099 and Roomba S9 + priced at $ 1,299. These factors are expected to have a negative impact on the robotic vacuum cleaners’ market as high-cost causes consumers to think twice, affecting the market’s growth.

Companies are launching new products in order to increase their revenue and also for gaining a competitive edge over their rivals.For instance, in 2019, in the USA, iRobot Corporation, a leading advanced robotic vacuum technology company, launched its advanced robotic vacuum cleaner, Roomba s9 + and also launched its advanced robotic mop Braava jet m6 mopping robot that complements cleaning with mopping.

These robots can talk to each other with in-built imprint link technology for vacuuming and mopping autonomously without any human effort. Likewise, in 2021, in the USA, iRobot Corporation, a leading advanced robotic vacuum technology company, launched Roomba j7 + Robot Vacuum to give customers more control over their cleaning with 3.0 home intelligence.

The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Read the full report: https://www.reportlinker.com/p06247526/?utm_source=GNW

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