Ranchi News Desk

Household Robots Market worth $19.3 Billion USD by 2027, at CAGR of 16.0%

 Breaking News
  • No posts were found

Household Robots Market worth $19.3 Billion USD by 2027, at CAGR of 16.0%

September 21
17:32 2022
Household Robots Market worth $19.3 Billion USD by 2027, at CAGR of 16.0%
Household Robots Market
Household Robots Market Size is expected to reach USD 19.3 billion by 2027 from USD 9.2 billion in 2022 to grow at a CAGR of 16.0% during the forecast period from 2022 to 2027.

The report “Household Robots Market by Offering (Products, Services), Type (Domestic, Entertainment & Leisure), Distribution Channel (Online, Offline), Application (Vacuuming, Lawn Mowing, Pool Cleaning) and Geography – Global Forecast to 2027” The global household robots market is projected to grow from USD 9.2 billion in 2022 to USD 19.3 billion by 2027, at a CAGR of 16.0% during the forecast period from 2022 to 2027. The growth of this market is driven by the increasing demand for robots in the domestic segment, growing demand for autonomous robots, increasing government initiatives for the development of robotic technologies, and rising use of IoT in robots for cost-effective predictive maintenance.

• Informational PDF Brochure :- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=253781130

Browse 179 market data Tables and 54 Figures spread through 206 Pages and in-depth TOC on “Household Robots Market and Geography – Global Forecast to 2027” View detailed Table of Content herehttps://www.marketsandmarkets.com/Market-Reports/household-robot-market-253781130.html

Household Robots Market

Pool cleaning applications held second-largest share of household robots market in 2021

Pool cleaning applications held the second-largest share of the household robots market in 2021. A robotic pool cleaner is a highly advanced device for cleaning the pool and is seen as a desirable product in the market. Quick, reliable, and easy features are significant factors that boost product demand in the industry. The growth avenues in the global market are attributed to the increasing disposable income worldwide, which further increases their expenditure capacities on the leisure activities, such as swimming and other related trips. These activities encourage increased involvement in swimming and thus bolster the requirement for the equipment and some other required items to clean the pool.

Domestic robots segment to hold larger market during forecast period

Domestic robots include 4 applications: vacuuming, lawn mowing, pool cleaning, and window cleaning. The vacuuming application has the largest share of the market for domestic robots. The growth of the market for domestic robots can be attributed to the popularity of products such as robotic vacuums, as well as increasing consumer awareness and acceptance of indoor and outdoor smart home appliances. Technological improvements in domestic robots, such as area mapping and voice assistant integration, coupled with the practical benefits of automating household chores, enable them to occupy a larger market share.

North America accounts for second-largest market share of household robots market during forecast period

The North American region held the second-largest share of the household robots market in 2021 by value. This can be attributed mostly to the popularity and sales of robotic vacuums and lawnmowers in the US and Canada. The influx of IoT and the adoption of autonomous technology are strong in this region, thus helping the household robots market grow rapidly.

Some of the key companies in the household robots market are iRobot Corporation (US), Ecovacs Robotics Co., Ltd. (China), Xiaomi Corporation (China), Maytronics, Ltd. (Israel), Samsung Electronics Co., Ltd. (South Korea), Neato robotics, Inc. (US), Dyson Limited (Singapore), LG Electronics Inc. (South Korea), LEGO A/S (Denmark), Hayward Holdings, Inc. (US), etc.

Don’t miss out on business opportunities in Household Robots Market. Speak to our analyst and gain crucial industry insighs that will help your businessgrow.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/household-robot-market-253781130.html

Related Articles