Global Robotic Vacuum Cleaner (Pool & Floor) Market, 2020-2026: Samsung Electronics is the Forerunner in the $5.7 Billion Market
DUBLIN, Sept. 23, 2020 /PRNewswire/ -- The "Global Robotic Vacuum Cleaner Market By Type (Pool Vacuum Cleaner and Floor Vacuum Cleaner), By Distribution Channel (Online and Offline), By Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
The Global Robotic Vacuum Cleaner Market size is expected to reach $5.7 billion by 2026, rising at a market growth of 18.9% CAGR during the forecast period.
Advances in machine learning and artificial intelligence are increasing the growth rate for this market. Furthermore, time efficiency and ease of cleaning large areas without human interference are expected to contribute significantly to the growth of the global market for robotic vacuum cleaners. In addition, advanced robotic vacuum cleaners are useful for cleaning equipment and components in the metalworking, printing, food & beverage and pharmaceutical industries.
The market is witnessing the emergence of innovative technologies, such as vacuum cleaners with UV sterilization, security cameras, spinning brushes, and so on. Such advances are expected to push the market further. The invention of new technology stairway-climbing robotic vacuum cleaners is likely to pose lucrative opportunities in the near future. Nevertheless, stringent regulatory measures on energy efficiency and higher costs for robotic vacuum cleaners will continue to pose a long-term challenge to market growth.
Based on Type, the market is segmented into Pool Vacuum Cleaner and Floor Vacuum Cleaner. Based on Distribution Channel, the market is segmented into Online and Offline. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Samsung Electronics Co., Ltd. is the forerunner in the Robotic Vacuum Cleaner Market.
Key Innovators
- iRobot Corporation
- Neato Robotics, Inc.
- SharkNinja Operating LLC
- Ecovacs Robotics Co., Ltd.
- Xiaomi Corporation
- Panasonic Corporation
- Pentair PLC
- Maytronics Ltd.
- Koninklijke Philips N.V.
Key companies profiled
- Koninklijke Philips N.V.
- Xiaomi Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- Panasonic Corporation
- Pentair PLC
- iRobot Corporation
- Maytronics Ltd. (Kibbutz Yizre'el Holdings 2004 ACS Ltd.)
- Neato Robotics, Inc.
- SharkNinja Operating LLC (CDH Private Equity)
- Ecovacs Robotics Co., Ltd.
Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Mergers & Acquisitions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Oct - 2020, May) Leading Players
Chapter 4. Global Robotic Vacuum Cleaner Market by Type
4.1 Global Pool Vacuum Cleaner Market by Region
4.2 Global Floor Vacuum Cleaner Market by Region
Chapter 5. Global Robotic Vacuum Cleaner Market by Distribution Channel
Chapter 7. Asia Pacific Robotic Vacuum Cleaner Market
Chapter 8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/8lmlvl
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