The Global Cleaning Robot Market size, shares, recent trends, competitive intelligence, and future market outlook. Demand from Residential, Industrial, Commercial uses in North America and Asia pacific is booming. Competitive rivalry intensifies with Neato Robotics, Inc, LG Electronics, Dyson Limited and others operating in the market. Cleaning robots are autonomous robots loaded with advanced features to perform self-drive mode and cleaning automatically.
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Market Dynamics
The growth in the industry is mainly due to increasing new developments in robotics technology along with rising disposable incomes and demand for automation in various applications.Rising technological improvements in vacuum cleaners; highly advanced, small-sized, and efficient cleaning appliances are being developed that can easily fit into limited spaces compared to traditional robots, which will further drive the market growth in the coming years.
However, the high cost associated with the cleaning robots is acting as a restraining factor in the market. A cleaning robot is more expensive than a traditional vacuum cleaner, which makes it less affordable to all segments of people.
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Segment Analysis
Product types, into floor cleaning, pool cleaning, window cleaning, lawn cleaning, and others.
The floor cleaning robot segment accounted for the largest share of YY% of the market in 2017 for residential applications due to the high penetration of automation in household appliances. The pool-cleaning robots segment is expected to grow at the highest CAGR during the forecast period to 2026, as manual cleaning of pools requires a lot of effort and time.Hence, the introduction of the pool-cleaning robot has simplified the process of cleaning with an advanced, efficient, and cost-effective version of traditional pool-cleaning equipment.By Application, the market is segmented into Residential, Industrial, and Commercial.
Competitive Landscape
Key players in the global Cleaning Robot market are Ecovacs, iRobot, Dyson Ltd., Koninklijke Philips N.V., LG Electronics Inc., Neato Robotics Inc., Intellibot Robotics, and Samsung Electronics.The key players are adopting various vital strategies such as partnerships, collaborations, and product development to introduce new technologies in the market.For instance, In Oct 2017, iRobot Corp. acquired privately-held Robopolis SAS (Robopolis), based in France. The acquisition enabled iRobot to capitalize on market momentum driving accelerated adoption of robots for the home.
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