The potential growth difference for the residential robotic vacuum cleaner market in Western Europe between 2020 and 2025 is USD 548.97 million, as per the latest market outlook report by Technavio. The report also predicts the market to record an accelerating growth momentum at a CAGR of 15.09% throughout the projected period.
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Residential Robotic Vacuum Cleaner Market In Western Europe Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of over 15% |
Market growth 2021-2025 |
$ 548.97 million |
Market structure |
Fragmented |
YoY growth (%) |
12.92 |
Regional analysis |
Germany, UK, The Netherlands, France, and Rest of Western Europe |
Performing market contribution |
Germany at 37% |
Key consumer countries |
UK, Germany, and France |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Dyson Ltd., ILIFE INNOVATION Ltd., iRobot Corp., Koninklijke Philips NV, LG Electronics Inc., Neato Robotics Inc., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd. , and Sharp Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. |
Customization purview |
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Vendor Landscape
The residential robotic vacuum cleaner market in Western Europe is fragmented and the vendors are deploying various organic and inorganic growth strategies to gain a competitive advantage. To make the most of the opportunities and recover from post-pandemic impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Top Players Mentioned with their Offerings
- Dyson Ltd.: The company offers a wide range of vacuum cleaner such as 360 Eye robot vacuum and others.
- ILIFE INNOVATION Ltd.: The company offers robot cleaners for floor washing, vacuum cleaner, carpet cleaner, and etc.
- iRobot Corp.: The company offers a robot vacuum called Roomba that is available in s Series, I Series, 900 Series, and e Series.
- Koninklijke Philips NV: Philips EasyStar is a robot vacuum cleaner that cleans floors. It can easily reach under low furniture with its slim design and structure.
- LG Electronics Inc.: The company offers robotic vacuum cleaner such as LG Hom-Bot which is a robotic vacuum cleaner with wi-fi capabilities.
Some other companies classified as dominant players covered in this report are:
- Neato Robotics Inc.
- Panasonic Corp.
- Robert Bosch GmbH
- Samsung Electronics Co. Ltd.
- Sharp Corp.
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
Key Market Dynamics:
- Market Driver: The improved functionality and performance with no manual work involved has been influential in driving the residential robotic vacuum cleaner market growth positively in recent years. Manufacturers are focusing on developing and deploying highly sophisticated, advanced, and automated residential robotic vacuum cleaners. Unlike traditional vacuum cleaners, automated residential robotic vacuum cleaners feature the latest technologies such as high turbo power, self-path recognition, Wi-Fi-enabled system, and room mapping. Furthermore, the emergence and surge in popularity of smart homes will provide a huge platform for battery-operated vacuum cleaner robots and optimization of energy consumption in modern houses.
- Market Challenge: The periodic replacement cost associated with batteries is likely to count as one of the key market hindrances. The usage of latest and most advanced technologies in these robots makes them more costlier as compared to conventional robots. These robots are equipped with electronic components and features such as self-navigation and mapping the path with Wi-Fi and mobile applications, which further, contribute to the additional cost of these types of equipment. Furthermore, these smart robots demand high-power and lightweight batteries for functioning efficiently. The need for frequent charging of robots increases the operation cycle time in cleaning and mopping and reduces throughput, in turn, challenging the overall market growth.
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Revenue-generating Segment Highlights
The residential robotic vacuum cleaner market in Western Europe report is segmented by Product (Vacuum cleaner robots and Vacuum and mop cleaner robots) and Geography (Germany, UK, The Netherlands, France, and Rest of Western Europe).
- The vaccum cleaner robots product segment emerged as the largest revenue-generating segment of the market in 2020. The segment will continue to account for the highest growth throughout the forecast period owing to the technological innovations, availability of new advanced products such as infrared sensors, and longer battery life have gradually increased product efficiency and functionalities.
- Germany will be the leading region with 37% of the market's growth during the forecast period. Real estate development with a smart housing society coupled with growing population is likely to accelerate the residential robotic vacuum cleaner market growth in Germany. The report predicts the residential robotic vacuum cleaner market share growth in Germany to be faster than the growth of the market in UK, the Netherlands, France, and rest of Western Europe.
Explore our sample report for additional insights into the contribution of all the segments and country-wise opportunities
Related Reports:
Cleaning Robot Market by Type and Geography - Forecast and Analysis 2022-2026
Robotic Vacuum Cleaner Market by End-user and Geography - Forecast and Analysis 2021-2025
Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Vacuum cleaner robots - Market size and forecast 2020-2025
- Vacuum and mop cleaner robots - Market size and forecast 2020-2025
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Germany - Market size and forecast 2020-2025
- UK - Market size and forecast 2020-2025
- The Netherlands - Market size and forecast 2020-2025
- France - Market size and forecast 2020-2025
- Rest of Western Europe - Market size and forecast 2020-2025
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Dyson Ltd.
- ILIFE INNOVATION Ltd.
- iRobot Corp.
- Koninklijke Philips NV
- LG Electronics Inc.
- Neato Robotics Inc.
- Panasonic Corp.
- Robert Bosch GmbH
- Samsung Electronics Co. Ltd.
- Sharp Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
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Website: www.technavio.com/
SOURCE Technavio
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