Robotic Vacuum Cleaner Market (Robovac) to Grow at 15.3% CAGR to 2020

Feb 22, 2016, 21:00 ET from Sandler Research

PUNE, India, February 23, 2016 /PRNewswire/ --

Global robotic vacuum cleaner market 2016 - 2020 report says ability to connect to IoT is one of the key reasons for growth of consumers' demand of a robovac that offers improved functionality and performance. This feature may allow a user to connect the vacuum cleaner to the Internet using Wi-Fi, and operate the machine using a smartphone or a wearable device.

Complete report on robotic vacuum cleaner market spread across 51 pages, analyzing 4 major companies and providing 27 data exhibits is now available at http://www.sandlerresearch.org/global-robotic-vacuum-cleaner-market-2016-2020.html.

The analysts forecast global robotic vacuum cleaner market to grow at a CAGR of 15.3% during the period 2016-2020.Advancements in robotic technology have resulted in the development of highly sophisticated, advanced, and automated residential robotic vacuum cleaners. Robotic vacuum cleaners run on infrared sensors that ensure a logical sequential path to avoid obstacles. These machines operate wirelessly, and are powered by rechargeable batteries. They are engineered to return to the power source when batteries run low.

The rising need for improved functionality and performance will drive the prospects for growth in robotic vacuum cleaner market. The ability of robotic vacuum cleaners to reduce the time required for regular household cleaning activities will result in its augmented adoption during the predicted period.

The advent of stair-climbing robotic vacuum cleaners will impel growth in this market during the forecast period. Vendors, such as Casabella, are working on stair-climbing robotic vacuum cleaners that have the capability to generate power from the bacteria it collects while cleaning floors. Such machines are engineered to work constantly, without the need for a charging station. With the advent of such technologically advanced products, the robotic vacuum cleaner market will have a positive outlook until 2020. Order a copy of Global Robotic Vacuum Cleaner Market 2016-2020 report @ http://www.sandlerresearch.org/purchase?rname=50890.

In this market study, analysts have estimated the European region to be the largest market for robotic vacuum cleaners during the forecast period. At present, this region dominates the global market for robotic cleaners and is envisaged to retain its hold over the market by 2020 owing to the populace's growing preference for devices that will make their daily chores easier and quicker. This region will grow at a CAGR of about 8% until 2020.

The global robotic vacuum cleaner market is witnessing rapid changes in technology due to the change in customers' requirements and intense vendor competition. The vendors are establishing themselves in this market by offering new products like mobile robotic platforms, small robotic unarmed ground vehicle, and floor cleaning robots. To survive in this competitive market, vendors like iRobot, LG Electronics, Neato Robotics and Samsung Electronics are offering services like post-purchase support and maintenance.

The leading vendors analyzed in robotic vacuum cleaner market study are iRobot, LG, Neato Robots, and Samsung Electronics. Other prominent vendors in the market include Bobsweep, Dyson, Ecovacs, Fluidra, Hanool Robotics Hayward, Infinuvo, Matsutek Enterprises, Maytronics, Miele, Moneual, Pentair, Sharp, Toshiba, YUJIN ROBOT, and Zodiac International S.A.S.U.

Further, the report states that end-users demand better energy efficiency and longer usage period; therefore, issues related to the robots' battery life (as of 2015) may affect the revenue of the robotic vacuum cleaner market during the forecast period.    

Another related report is Global Material Handling Robotics Market 2015-2019 that forecasts the material handling robotics market to grow at a significant rate of nearly 9% during the forecast period. The strict legislations enacted by various countries, especially in the chemicals and food and beverage industries, should act as a major driver for the market in the future. Key players in the global material handling robotics market: ABB, FANUC, Kuka, Kawasaki Robotics and Yaskawa Electric. Other prominent vendors in the market are: Adept Technology, Apex Automation and Robotics, Axium, Denso Robotics, Ellison Technologies, Epson Robotics, Mitsubishi Electric, Pari Robotics, Staubli Robotics, and TM Robotics. Browse complete report @ http://www.sandlerresearch.org/global-material-handling-robotics-market-2015-2019.html.

Explore other new reports on Semiconductor & Electronics Market @ http://www.sandlerresearch.org/market-research/semiconductor-electronics.

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