Global Floor Cleaning Robot Market to Witness CAGR of above 18.4%

” The global floor cleaning robot market is expected to witness a CAGR of above 18.4% during the forecast period 2019–2025 ”

Bangalore, India, November 06, 2019: With its recently published study “Global Floor Cleaning Robot Market[1] – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025”, Infoholic Research forecasts that the global market for floor cleaning robot is anticipated to witness a significant growth owing to below-mentioned factors:

  1. Rising preference for connected home appliances
  2. Changing lifestyle and shifting customer needs
  3. Increasing labor cost tied with growing preference for service robots

The concept of floor cleaning robots is in the introductory stage of the adoption curve. Any new home appliances introduced in the market are generally viewed in two aspects from the consumer side: “Necessity” and “Luxury”. In the past, the introduction of washers and refrigerators was initially viewed as a luxury appliance. Later, these products became mainstream due to intensive marketing efforts and increased customer awareness regarding the potential benefits in terms of power, time efficiency, and return on investment. Following the same analogy, the penetration of domestic service robots is anticipated to increase in the coming years.[2]

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Moreover, an increase in the number of nuclear families is changing the functional aspect of how the house operates. In the past, men were the only breadwinners of the house; but due to rising economic stress, increasing aspiration toward a better standard of living, and education attainment of women, the participation of women as an employed member in the family is increasing across regions. These ongoing trends in the modern nuclear family have increased the demand for domestic service robots (i.e., floor cleaning robots) to reduce the efforts of maintaining the house. These robots are designed to cater to the needs of the modern nuclear family, which eliminates the dependency on maids and reduces human efforts of maintaining the house.

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