According to a new market report published by Transparency Market Research titled
Residential Robotic Vacuum Cleaner Market (Product Type: In-House Robot, Outdoor Robot; Charging Type: Manual Charging, Battery Charging; Operation Mode: Self Drive, Remote Control; Distribution Channel: Online, Offline) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,
is expected to reach US$ 4,112.1 Mn by 2026, expanding at a CAGR of 9.2% from 2018 to 2026. Europe held a significant share in the residential robotic vacuum cleaner market in 2017.
The global residential robotic vacuum cleaner market is expected to be driven by factors such as increasing expenditure on household appliances and increasing awareness about indoor health and hygiene. However, the global residential robotic vacuum cleaner market is expected to be challenged by the availability of substitutes in the market. Investment in research and development to make the vacuum cleaners more efficient in suction power and long operation time is likely to offer attractive opportunities to the market. Efficiency, running time, and room coverage is trending in the global residential robotic vacuum cleaner market.
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In terms of product type, the in-house robot segment constitutes a dominant share of the global residential robotic vacuum cleaner market. This is because in-house robotic vacuum cleaners are affordable compared to outdoor robotic vacuum cleaners and the prevalence of single households has helped the segment to witness higher growth. In terms of charging type, the battery charging segment constitutes a share of over 55% of the global residential robotic vacuum cleaner market. This is because consumers find it easy to operate a battery charging robot as it can automatically reach the charging station.