Global Market Study on Residential Robotic Vacuum Cleaner: Europe to Be the Most Lucrative Region throughout the Forecast Period, Persistence Market Research

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Nov 24, 2016, 03:54 ET

NEW YORK, Nov. 24, 2016 /PRNewswire/ -- Robotic vacuum cleaners commonly called robovacs, are mainly used for cleaning residential spaces, such as floors, pools, and gutters. It comprises a mobile base, cleaning system, programming software, batteries, and other accessories. Robovacs use intelligent sensors to clean tight corners and hard-to-reach surfaces. It is equipped with various advanced features such as laser vision, room mapping, self-charging and others to offer convenience to users.

To understand and assess the opportunities in this market, the report is categorically split into three sections, namely, market analysis by robot type, mode of charging, and region. This report covers the global residential robotic vacuum cleaner market performance in terms of value and volume contribution. The report includes key trends, drivers, restraints and trends influencing the growth of the global residential robotic vacuum cleaner market. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in this report to better equip clients with crystal clear decision-making insights.

The report starts with an overview and introduction of the global residential robotic vacuum cleaner market and market segments. In the same section, PMR offers insights about the global residential robotic vacuum cleaner market performance in terms of both value and volume.

The residential robotic vacuum cleaner market is segmented as follows:

By Robot Type
By Mode of Charging
By Region
On the basis of robot type, the market is segmented as follows:

In-house Robot
Outdoor Robot

Of these, in-house robot segment accounted for highest share in terms of value and volume of the overall residential robotic vacuum cleaner market in 2014. The report also covers a section about the segmentation of in-house robotic vacuum cleaner on the basis of price which includes high-end price, mid-range price and low-end price. The residential robotic vacuum cleaner market is mainly driven by factors such as growing demand for automated cleaning, increasing consumer inclination towards various types of cleaning products and rising disposable income. Major trends observed in the residential robotic vacuum cleaner market include growing product advancements by key market players and growing number of market players. The report also comprises a section that analyzes the market on the basis of mode of charging and provides market size in terms of value for the forecast period.

On the basis of mode of charging, the market is segmented as follows:

Manual Charging
Auto Battery Charging

Of the above segments, in terms of value, the manual charging segment is expected to register the highest CAGR during the forecast period. Leading market participants are investing significantly in R&D activities in order to introduce new advanced robotic vacuum cleaners. For instance, in September 2015, iRobot Corporation launched Roomba 980 vacuum cleaning robot. It is the company's first robotic vacuum cleaner to combine adaptive navigation with visual localization, cloud-connected app control and enhanced cleaning power on carpets.

The report also analyzes the market across various key regions and provides market size in terms of value and volume for the forecast period (2015–2021).

Regions covered in the report are as follows:

North America
Asia Pacific
Europe
The Middle East & Africa
Latin America

Of the aforementioned segments, in terms of value, Europe is expected to dominate the market, accounting for 44.6% value share by the end of 2015 and it is expected to remain dominant through 2021. However, the Middle East & Africa market is anticipated to expand at the highest CAGR during the forecast period.

The report on the global residential robotic vacuum cleaner market profiles key players, including iRobot Corporation, Neato Robotics, Inc., Yujin Robot, Co., Ltd., Dyson Inc., Ecovacs Robotics, Inc., Hayward Industries, Inc., Philips Electronics N.V, Samsung Electronics Co., Ltd., Pentair plc and Milagrow Business & Knowledge Solutions (Pvt.) Limited. Global residential robotic vacuum cleaner market is also witnessing the trend of increasing R&D expenditure by key market players. For example, In September 2014, Dyson Inc. launched Dyson 360 Eye robotic vacuum cleaner. The company is reported to have invested a whopping US$ 47 Mn in R&D for the vacuum cleaner.
Read the full report: http://www.reportlinker.com/p04040025-summary/view-report.html

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