Global Cleaning Robot Market was valued at US$ XX Bn. in 2019 and is expected to reach US$ 25.02 Bn. by 2026, at a CAGR of 21.62% during a forecast period.
Global Cleaning Robot Market
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Global Cleaning Robot Market Overview:
Cleaning robots are autonomous robots which are working in UV sterilization, mopping, and other purposes in the household like cleaning floor, pools, lawns, windows, and others. Cleaning robots are widely used in healthcare, commercial, and other applications.
Growing demand for automation technologies are promoted in household appliances and convenience provided because of its compact size and self-operating capabilities are the major factors driving the growth of the global market for cleaning robot. Moreover, the growth of small and user-friendly robots would create major opportunities for growth in the global cleaning robot market. On the other hand, lack of durability robotic cleaners and the high cost of the cleaning robots are hampering factors of the market.
Integration and Adoption of Advanced Technologies
Integration and adoption of advanced technologies like IoT, AI in robots set to drive the cleaning robot market. Artificial Intelligence (AI) technology allows robots in finding cleaning areas and helps in distinguishing between dirt and other objects at several spots. The growth of IoT and wireless technologies have been helping users in controlling robots using a smartphone or remote applications. The use of IoT, AI technologies can be used for emerging advanced robots for many applications such as restroom dispensers, smart toilet systems, and floor care.
Growth of Small and User-Friendly Robots
Growing demand for small-sized robot cleaners as compared to traditional robot cleaners in various countries. Rising investments in developed countries and growing awareness of the adoption of robots in developing countries are driving the growth of the cleaning robots market. In various industries such as food and beverage, chemical, there have been certain regulations from FDA (Food and Drug Administration) for the chemicals.
Impact of COVID-19 on Supply Chain:
The effects of COVID-19 is projected to vary widely across different regions and amongst different top robotic manufacturers due to disruptions in the supply chain. For service robots, the pandemic is encouraging more service robot usage globally. The EU Commission is proposing small businesses US$ 178 Mn. in funding to develop treatment, monitoring, testing, and other robotic technologies.
Sales of Professional Cleaning Robot on the Increase
The professional service robots type segment raised strongly in 2019 by 32% from US$ 8.5 Bn. to USD 11.2 Bn. The markets for most types of service robots looks hardly affected by the COVID-19 pandemic. The pandemic has enhanced the market for robotic disinfectant solutions and created further demand for robotic logistics solutions in factories, warehouses, and home delivery.
Global Cleaning Robot Market 1
Floor-Cleaning Robot Segment Held the Largest XX% Market Share in 2019
Based on product, the floor-cleaning robot segment dominated the market, with market size of US$ XX Bn. in 2019 owing to the growing demand for automated home appliances and a simultaneous rise in labour costs for households. However, pool cleaning robots are projected to grow at the highest XX% CAGR over 2020-2026.
Residential Segment to Witness Fastest Growth in Industry
Among these applications, the residential segment is expected to grow at the largest CAGR of nearly 23.15% during the forecast period. This growth is attributed to the increased adoption of pet hair-cleaning robots floor-cleaning robots. On the other hand, the industrial segment is expected to reach US$ XX Bn. by 2026 owing to increased adoption in industries like automotive, food and beverage, manufacturing industries.
The Asia Pacific is Emerging Market
The Asia Pacific cleaning robot market accounted for US$ XX Bn. in 2019 and is expected to grow at a CAGR of XX.08 % over 2020-2026, to account for US$ XX Bn. in 2026. This growth is attributed to the gradual increase in the disposable income of the consumers in the APAC and the rapid change in the lifestyles among people.
The major players in APAC are expanding their presence in the developing countries to grab the major market share the region offers. Such as, in Nove2019, Softbank Group located in Japan partnership with Chinese startups named Roborock Technology Co., Ltd. launched a promoted version of the smart-robot vacuum Roborock S6 in Japan.
Global Cleaning Robot Market 2
The MMR report covers key developments in the global cleaning robot market as organic and inorganic growth strategies:
Various global cleaning robot companies are focusing on organic growth strategies includes product launches, product approvals and others like events and patents. For Examples;
Global Cleaning Robot Market 3
The objective of the report is to present a comprehensive analysis of the Global Cleaning Robot Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Cleaning Robot Market dynamics, structure by analyzing the market segments and project the Global Cleaning Robot Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Cleaning Robot Market make the report investor’s guide.
Scope of the Global Cleaning Robot Market:
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Global Cleaning Robot Market 4
Global Cleaning Robot Market, by Region
- Asia Pacific
- North America
- South America
- Middle East Africa
Global Cleaning Robot Market Key Players
- Samsung Electronics
- LG Electronics
- Ecovacs Robotics
- Neato Robotics
- Cecotec Innovaciones
- Ilife Innovation
- Nilfisk Holding
- Softbank Robotics
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