Kenneth Research published a report titled “Cleaning Robot Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global cleaning robot market in terms of market segmentation by type, product, application, and by region.
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Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global cleaning robot market generated the of revenue of nearly USD 9.2 billion in the year 2021 and is estimated to grow at a CAGR of 25% over the forecast period, i.e., 2022 – 2031. On the basis of type segment, the market is bifurcated into domestic cleaning robot and professional cleaning robot. The professional cleaning robot segment is estimated to grow at a promising CAGR over the forecast period. The growth of the segment can be associated with the easy handling of device and its brilliant performance in cleaning within minimum time frame.
Cleaning robots are identified as self-contained robots that employ UV sterilization, mopping, and other fields. Factors such as evolution of IoT, easy handling feature in cleaning robot, faster and spotless cleaning, and minimum manual labor are projected to drive the growth of the global cleaning robot market.
On the basis of region, the global cleaning robot market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. On the account of growing disposable income within consumers in the Asia Pacific region, the global cleaning robot market is anticipated to witness a modest growth by growing at a significant CAGR over the forecast period. Factors such as on-going trend of cleaning robots, and growing awareness about the device and its performance are estimated to influence the market growth in this region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Incessant Development in IoT and AI to Fuel the Global Cleaning Robot Market
The advancement in IoT is required in every sector of industry for powering multiple devices with ever growing capabilities and accuracy. As of year 2020, the internet of things devices used around the world approximately accounted to 8.77 billion. The robot cleaning devices use the combination of artificial intelligence (AI) and internet of things (IoT) which supervises the robot’s ability to track the location, maintain schedule and battery charge and demonstrate spotless cleaning. The growing use of IoT in devices to make it more accurate is one the major factors anticipated to boost the market growth.
However, high cost of the device, maintenance and timely service associated with the device, and lack of awareness among people are expected to operate as key restraint to the growth of global market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global cleaning robot market which includes company profiling Panasonic Corporation, Pentair, iRobot Corporation, Nilfisk Group, Vorwerk SE & Co. KG, Haier Group, Xiaomi, Ecovacs Robotics, Inc., LG Electronics, and Mitsubishi Electric Corporation among others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global cleaning robot market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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