Global Cleaning Robot Market by Product, application, by Region and Segment, Forecasts 2020–2026

Global Cleaning Robot Market is valued to reach USD 4.6 Billion by 2023, growing at CAGR of 12.8% over the forecast period 2020–2026. Growing penetration of automation and artificial intelligence in household applications, increasing labour costs, changing lifestyle coupled with shifting customer needs are the factors propelling the market.

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Market Trends, Drivers, Restraints and Opportunity:

Rising trend of employing smart gadgets for residential use and growing preference for automated robots is driving the market growth in the forecast period. Moreover, advantages such as economical, flexibility and non-redundant is likely to play a crucial role in driving the demand factors
Technological innovation driven by rise in urbanization is more likely to enhance the market growth in the forecast period. In addition, availability of user-friendly robotic products creates more opportunities in the residential and non-residential sector
Moreover, production of autonomous robots is driving innovation in the robotics industry followed by effective marketing campaigns
On contrary, battery issues, design complexity and lack of standardization restricts the market growth in the forecast period