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Increasing Popularity of Automated Products to Bolster Growth

The development of new technologies and their integration with the traditional products are the key factors boosting the global Robotic Vacuum Cleaner market growth. This, coupled with the rising inclination towards smart home technology, will also bode well for the growth of the market in the forecast duration. Additionally, the increasing demand from both residential and commercial spaces will also help the market generate significant revenue in the coming years.

On the flipside, the high cost of installation and maintenance may cause major hindrance to the market in the coming years. Nevertheless, the efficient cleaning and decreased time taken for cleaning activity are likely to draw the attention of more consumers, thereby creating lucrative growth opportunities for the market in the coming years.

ECOVACS and iRobot Corporation Holds Major Share Owing to High Sales Records

Among all the players operating in the global market, iRobot Corporation and Ecovacs are currently holding the highest Robotic Vacuum Cleaner market share. This is attributable to the highest sale of their products, estimated to be more than 20 million units in the year 2018. The companies offer a wide range of vacuum cleaners under the domestic robot category, such as lawn mowers, security systems, and others. The other players of this market are engaging in control algorithms and trying to implement artificial intelligence technology in their future vacuum cleaning machines to gain momentum in the market competition.

Industry Developments of the Market:

• January 2017 – The latest vacuum cleaners under the POWERBOAT range, called VR7000 in CES was announced by Samsung Electronics at the Consumer Electronics Show held in Las Vegas. These innovative Robotic Vacuum Cleaner have high suction capacity and are specially developed for use in hard-to-reach places.

List of Key Players in this Market include: