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CAGR 15.3% for the next few years.
February 23, 2016
By: TOM BRANNA
Editor
Life's too short to houseclean, so says that ubiquitous postcard in every mailbox. If Mr. and Mrs. Homeowner don't want to vacuum, they can turn the task over to robots, according to one research company. Global sales of robotic vacuum cleaners is expected to grow at a CAGR of 15.3% through 2020, according to Sandler Research. The double-digit, YoY gain is attributed to growing consumer demand for 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. Advancements in robotic technology have resulted in the development of highly sophisticated, advanced, and automated residential robotic vacuum cleaners, according to Sandler. 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. The report notes that vendors such as Casabella, are working on stair-climbing robotic vacuum cleaners that have the capability to generate power from the bacteria they collect while cleaning floors. Such machines are engineered to work constantly, without the need for a charging station.
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.
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