Cleaning robot market: 45% of the growth comes from APAC | By type (personal cleaning robot and professional cleaning robot) and geography

NEW YORKMay 9, 2022 /PRNewswire/ — The Market for cleaning robots value is set to grow with USD 13.29 billion according to Technavio’s latest report. Factors such as: changing lifestyles and a tech-savvy population are the main drivers of market growth, although the high cost of cleaning robots hinder market growth.

Technavio has announced its latest market research report titled Cleaning Robot Market by Type and Geography – Forecast and Analysis 2022-2026

Moreover, the cleaning robot market is segmented by: type (personal cleaning robot and professional cleaning robot) and geography (APAC, North AmericaEuropeMEA, and South America

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Key Market Dynamics:

Changing lifestyles and a tech-savvy population are some of the key drivers supporting the growth of the cleaning robot market. Citizens are willing to purchase products that use advanced technologies in their business operations and that help make work easier, especially time-consuming and repetitive tasks such as cleaning. Developed countries show great affinity for high-tech gadgets that are effective and easy to control. In addition, changing lifestyles and busy schedules mean that consumers have little time to perform cleaning and mopping tasks. People prefer to spend their time on social or productive activities rather than cleaning and mopping. This stimulates the adoption of cleaning robots. Therefore, the deployment of cleaning robots has proved useful to save human workers from the dangers associated with industrial cleaning activities and thereby boost the market growth

The high cost of cleaning robots hinders the growth of the cleaning robot market. The costs of deploying professional cleaning robots are high, due to the prices of electronic components used in the production of these robots. Due to the nature of the job and the environment in which these robots operate, they also require regular maintenance. These robots are incapable of self-maintenance, which is challenging for the type of operations they perform. Cleaning robots work in hard-to-reach areas and cannot be constantly monitored. The technology to avoid the myriad of risks has yet to be built into these robots. Such factors yet to be developed may hinder market growth during the forecast period.

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Regional forecast and analysis

45% of the growth of the market will come from APAC during the forecast period. China and Japan are the main markets for the cleaning robot market in APAC. The market growth in this region will faster than growth of the market in other regions. The great familiarity with robotic solutions and an increase in the aging population will facilitate the growth of the cleaning robot market in APAC over the forecast period.

Segmentation forecasting and analysis

The growth of the market share of cleaning robots due to the personal cleaning robot segment will be important during the forecast period. Households are the primary end users of personal cleaning robots in the residential sector. This sector has significant growth potential as suppliers have made up only one-tenth of the total addressable market. This has led to an increase in the entry of many new players into the market, including those specializing in consumer electronics. In addition, the growing trend of online retail in the residential sector will drive product sales during the forecast period.

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Market size cleaning robot

Reporting coverage

Details

page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Slow down at a CAGR of 21.85%

Market growth 2022-2026

$13.29 billion

Market structure

fragmented

YoY Growth (%)

24.12

Regional analysis

APAC, North America, Europe, MEA and South America

Performing Market Contribution

APAC at 45%

Main consumer countries

US, China, Japan, Germany and UK

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Range

Profiled companies

Beijing Roborock Technology Co. Ltd., Cecotec Innovaciones SL, Ecovacs Robotics Inc., Irobot Corp., LG Electronics Inc., Neato Robotics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., SharkNinja Operating LLC and Xiaomi Corp.

Market dynamics

Parent market analysis, Inductors and obstacles to market growth, Analysis of high-growth and slow-growing segments, COVID 19 impact and future consumer dynamics, analysis of market conditions for the forecast period.

Customization example

If our report doesn’t provide the data you’re looking for, contact our analysts and have segments tailored.

Main topics covered:

Management summary

Market landscape

  • Market ecosystem

  • Value Chain Analysis

Market size

Five Forces Analysis

Market Segmentation by Type

  • Market segments

  • Comparison by type

  • Personal Cleaning Robot – Market Size and Forecast 2021-2026

  • Professional Cleaning Robot – Market Size and Forecast 2021-2026

  • Market opportunity by type

Customer landscape

Geographical landscape

  • Geographic Segmentation

  • geographical comparison

  • APAC – Market Size and Forecast 2021-2026

  • North America – Market size and forecast 2021-2026

  • Europe – Market size and forecast 2021-2026

  • MEA – Market size and forecast 2021-2026

  • South America – Market size and forecast 2021-2026

  • Main leading countries

  • Market opportunity by geography

  • Market drivers

  • Market Challenges

  • Market trends

Supplier landscape

  • Supplier landscape

  • Disturbance of the landscape

Supplier analysis

  • Sellers covered

  • Market positioning of suppliers

  • Beijing Roborock Technology Co. Ltd.

  • Cecotec Innovaciones SL

  • Ecovacs Robotics Inc.

  • Irobot Corp.

  • LG Electronics Inc.

  • Neato Robotics Inc.

  • Panasonic Corp.

  • Samsung Electronics Co. Ltd.

  • SharkNinja Operating LLC

  • Xiaomi Corp.

Appendix

About us
Technavio is a leading global technology research and consultancy company. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive coverage, extensive research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive position within changing market scenarios.

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Technavio (PRNews photo / Technavio)

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