Global Robotic Vacuum Cleaner Market Report 2022
New York, March 23, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the “Robotic Vacuum Cleaners Global Market Report 2022” – https://www.reportlinker.com/p06247526/?utm_source=GNW
KG and iRobot Corporation.
The global robotic vacuum cleaner 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 primarily due to businesses resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing, remote work and the closure of business activities that have resulted in operational challenges. The market is expected to reach $7.83 billion in 2026 with a CAGR of 6.9%.
The robot vacuum cleaner market consists of the sale of robot vacuum cleaners and related services. It can effectively clean floors, windows, swimming pools and gardens without any human effort.
Robot vacuum cleaners or Robovac are household appliances, designed to clean our homes autonomously without human intervention. They are fully automated and powered by artificial intelligence with various sensors and scheduling programs.
The main types of robotic vacuums are robotic floor vacuums and robotic pool vacuums which are used in residential and commercial areas. The robotic floor vacuum helps clean hard floors using robotic technology.
Robot vacuum cleaners use different types of charging like automatic charging and manual charging.
Asia-Pacific was the largest region in the robotic vacuum cleaner market in 2021. Western Europe was the second largest region in the robotic vacuum cleaner market.
Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Rising investment for the development of new technologies in robotic vacuum cleaners is contributing to the growth of the robotic vacuum cleaner market. Rising investment for innovations in hardware and software technologies, such as sensors and decision-making capabilities, helps robotic vacuum cleaners perform household chores and also helps consumers save time, thereby encouraging them to buy robotic vacuum cleaners for household chores.
For example, in 2019, in the UK, the government invested £12 million ($16 million) to develop new technologies in robots that perform household chores. products to complete household chores.
Moreover, for example, in 2020, in the United States, private companies such as Yidu Cloud, Tsinghua AI Fund and Matrix Partners invested $15 million in Trifo, in the vacuum of its AI home robots in the development of hardware and software to grow in the United States. and European markets. Rising investment and government support are thus contributing to the growth of the market.
The high cost of robotic vacuum cleaners is expected to limit the growth of the robotic vacuum cleaner market. Robotic vacuum cleaners are expensive and make potential consumers think twice before investing in them.
For example, in 2019, in the United States, iRobot’s new Roombas robot vacuum cleaner is extremely expensive, such as the Roomba i7 priced at $1,099 and the Roomba S9+ priced at $1,299. These factors are expected to negatively impact the robot vacuum cleaner market as the high cost makes consumers think twice which affects the growth of the market.
Companies launch new products in order to increase their revenue and also to gain a competitive advantage over their rivals. Roomba s9+ and also launched its Braava jet m6 advanced robotic mop robot which completes cleaning with the mop.
These robots can communicate with each other through the built-in print link technology to autonomously vacuum and clean without any human effort. Similarly, in 2021 in the United States, iRobot Corporation, a leading advanced robotic vacuum technology company, launched the Roomba j7+ robot vacuum to give customers more control over their cleaning with home intelligence. 3.0.
The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and United States.
Read the full report: https://www.reportlinker.com/p06247526/?utm_source=GNW
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