The Consumer Robotics Market to Grow by 26.89% from 2022 to 2027 | Alphabet Inc., Amazon.com Inc., Beijing TimeRiver Technology Co Ltd, and more to emerge as key players-Technavio

NEW YORK, July 14, 2023 /PRNewswire/ -- The consumer robotics market size is estimated to grow at a CAGR of 26.89% between 2022 and 2027 and the size of the market is forecast to increase by USD 23,439.8 million, according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including - Alphabet Inc., Amazon.com Inc., Beijing TimeRiver Technology Co Ltd, BLUE FROG ROBOTICS SAS, Cecotec, Dyson Ltd., Gaussian Robotics Pte Ltd., Honda Motor Co. Ltd, Irobot Corp., JS Global Lifestyle Co. Ltd., LG Electronics Inc., Neato Robotics Inc., Nippon Telegraph and Telephone Corp., Parrot Drones SAS, Proscenic, Samsung Electronics Co. Ltd., Ubtech Robotics Inc, WowWee Group Ltd., Xiaomi Inc., and Ecovacs Robotics Co. Ltd.- Download Sample Report in minutes.

Consumer Robotics Market Insights -

• Vendors: 15+, Including Alphabet Inc., Amazon.com Inc., Beijing TimeRiver Technology Co Ltd, BLUE FROG ROBOTICS SAS, Cecotec, Dyson Ltd., Gaussian Robotics Pte Ltd., Honda Motor Co. Ltd, Irobot Corp., JS Global Lifestyle Co. Ltd., LG Electronics Inc., Neato Robotics Inc., Nippon Telegraph and Telephone Corp., Parrot Drones SAS, Proscenic, Samsung Electronics Co. Ltd., Ubtech Robotics Inc, WowWee Group Ltd., Xiaomi Inc., and Ecovacs Robotics Co. Ltd, among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: application (domestic task, education, healthcare, and others), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and Middle East and Africa)

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Key Driver- The increasing use of IoT in robots for cost-effective predictive maintenance is a key factor driving market growth. The rapid growth of the Internet of Things (IoT) is driven by the increasing significance of interconnected environments. IoT devices use sensors to collect data, which is then transmitted in real time, empowering users to make well-informed decisions.

In the consumer robotics market, original equipment manufacturers (OEMs) are including digital control, wireless communication, and IoT technologies to improve the efficiency and performance of their products. Furthermore, vendors are transitioning towards online customer service options, using IoT for seamless interactions and issue resolution. They offer predictive and proactive services through remote platforms, facilitating real-time monitoring of robotics devices and effective maintenance planning. As a result, these factors are expected to drive market growth during the forecast period.

Major Trend- E-commerce as a platform for product sales is an emerging trend in the market.

Significant Challenges- Stringent regulations and safety concerns related to robotics are significant challenges restricting market growth.

Find more insights on trends and challenges from a sample report!

The consumer robotics market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as prospects.

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What are the key data covered in this Consumer Robotics Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the consumer robotics market between 2023 and 2027
• Precise estimation of the size of the consumer robotics market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the consumer robotics market across APAC, Europe, North America, South America, and the Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of consumer robotics market vendors

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The robotics market size is estimated to grow at a CAGR of 7.71% between 2022 and 2027 and the size of the market is forecast to increase by USD 22,269.7 million. Furthermore, this report extensively covers market segmentation by application (industrial and services), end-user (manufacturing, healthcare, aerospace and defense, media and entertainment, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). The emergence of medical robotics is a key factor driving the market growth during the forecast period.

The industrial robotics services market is estimated to grow at a CAGR of 6.9% between 2022 and 2027. The size of the market is forecast to increase by USD 7,429.08 million. Furthermore, this report extensively covers market segmentation by application (material handling, welding and soldering, assembly line, and others), end-user (healthcare and pharmaceuticals, automotive, food and beverages, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). The surge in demand for industrial robots is a key factor driving the market growth during the forecast period.

Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global consumer robotics market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global consumer robotics market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Distribution channel Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Domestic task - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Domestic task - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Domestic task - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Domestic task - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Domestic task - Year-over-year growth 2022-2027 (%)

• 6.4 Education - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Education - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Education - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Education - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Education - Year-over-year growth 2022-2027 (%)

• 6.5 Healthcare - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Healthcare - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Healthcare - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)

• 6.6 Others - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Application 
• Exhibit 50: Market opportunity by Application ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments
• Exhibit 51: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 52: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 53: Chart on Comparison by Distribution Channel
• Exhibit 54: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel 
• Exhibit 63: Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027 
• Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027 
• Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 South Korea - Market size and forecast 2022-2027 
• Exhibit 105: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 Alphabet Inc.
• Exhibit 116: Alphabet Inc. - Overview
• Exhibit 117: Alphabet Inc. - Business segments
• Exhibit 118: Alphabet Inc. - Key news
• Exhibit 119: Alphabet Inc. - Key offerings
• Exhibit 120: Alphabet Inc. - Segment focus

• 12.4 Amazon.com Inc.
• Exhibit 121: Amazon.com Inc. - Overview
• Exhibit 122: Amazon.com Inc. - Business segments
• Exhibit 123: Amazon.com Inc. - Key news
• Exhibit 124: Amazon.com Inc. - Key offerings
• Exhibit 125: Amazon.com Inc. - Segment focus

• 12.5 Dyson Ltd.
• Exhibit 126: Dyson Ltd. - Overview
• Exhibit 127: Dyson Ltd. - Product / Service
• Exhibit 128: Dyson Ltd. - Key offerings

• 12.6 Ecovacs Robotics Co. Ltd 
• Exhibit 129: Ecovacs Robotics Co. Ltd - Overview
• Exhibit 130: Ecovacs Robotics Co. Ltd - Product / Service
• Exhibit 131: Ecovacs Robotics Co. Ltd - Key offerings

• 12.7 Gaussian Robotics Pte Ltd. 
• Exhibit 132: Gaussian Robotics Pte Ltd. - Overview
• Exhibit 133: Gaussian Robotics Pte Ltd. - Product / Service
• Exhibit 134: Gaussian Robotics Pte Ltd. - Key offerings

• 12.8 Honda Motor Co. Ltd
• Exhibit 135: Honda Motor Co. Ltd - Overview
• Exhibit 136: Honda Motor Co. Ltd - Business segments
• Exhibit 137: Honda Motor Co. Ltd - Key news
• Exhibit 138: Honda Motor Co. Ltd - Key offerings
• Exhibit 139: Honda Motor Co. Ltd - Segment focus

• 12.9 Irobot Corp.
• Exhibit 140: Irobot Corp. - Overview
• Exhibit 141: Irobot Corp. - Product / Service
• Exhibit 142: Irobot Corp. - Key offerings

• 12.10 LG Electronics Inc.
• Exhibit 143: LG Electronics Inc. - Overview
• Exhibit 144: LG Electronics Inc. - Business segments
• Exhibit 145: LG Electronics Inc. - Key news
• Exhibit 146: LG Electronics Inc. - Key offerings
• Exhibit 147: LG Electronics Inc. - Segment focus

• 12.11 Neato Robotics Inc.
• Exhibit 148: Neato Robotics Inc. - Overview
• Exhibit 149: Neato Robotics Inc. - Product / Service
• Exhibit 150: Neato Robotics Inc. - Key offerings

• 12.12 Nippon Telegraph and Telephone Corp. 
• Exhibit 151: Nippon Telegraph and Telephone Corp. - Overview
• Exhibit 152: Nippon Telegraph and Telephone Corp. - Business segments
• Exhibit 153: Nippon Telegraph and Telephone Corp. - Key offerings
• Exhibit 154: Nippon Telegraph and Telephone Corp. - Segment focus

• 12.13 Parrot Drones SAS
• Exhibit 155: Parrot Drones SAS - Overview
• Exhibit 156: Parrot Drones SAS - Product / Service
• Exhibit 157: Parrot Drones SAS - Key offerings

• 12.14 Samsung Electronics Co. Ltd. 
• Exhibit 158: Samsung Electronics Co. Ltd. - Overview
• Exhibit 159: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 160: Samsung Electronics Co. Ltd. - Key news
• Exhibit 161: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 162: Samsung Electronics Co. Ltd. - Segment focus

• 12.15 Ubtech Robotics Inc
• Exhibit 163: Ubtech Robotics Inc - Overview
• Exhibit 164: Ubtech Robotics Inc - Product / Service
• Exhibit 165: Ubtech Robotics Inc - Key offerings

• 12.16 WowWee Group Ltd.
• Exhibit 166: WowWee Group Ltd. - Overview
• Exhibit 167: WowWee Group Ltd. - Product / Service
• Exhibit 168: WowWee Group Ltd. - Key offerings

• 12.17 Xiaomi Inc.
• Exhibit 169: Xiaomi Inc. - Overview
• Exhibit 170: Xiaomi Inc. - Business segments
• Exhibit 171: Xiaomi Inc. - Key news
• Exhibit 172: Xiaomi Inc. - Key offerings
• Exhibit 173: Xiaomi Inc. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 174: Inclusions checklist
• Exhibit 175: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 176: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 177: Research methodology
• Exhibit 178: Validation techniques employed for market sizing
• Exhibit 179: Information sources

• 13.5 List of abbreviations
• Exhibit 180: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. 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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