Residential Robotic Vacuum Cleaner Market generated revenue of ~US$ 1,424.7 million in 2020 and is expected to grow at a CAGR of more than 20% during the forecast period (2021-2027).
A comprehensive overview of the Residential Robotic Vacuum Cleaner market is recently added by UnivDatos Market Insights to its humongous database. The Residential Robotic Vacuum Cleaner market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Residential Robotic Vacuum Cleaner market. The Residential Robotic Vacuum Cleaner market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Residential Robotic Vacuum Cleaner market at the global and regional levels. Residential Robotic Vacuum Cleaner Market generated revenue of ~US$ 1,424.7 million in 2020 and is expected to grow at a CAGR of more than 20% during the forecast period (2021-2027).
Market Overview
This increase in demand of residential vacuum cleaners due to the advancements in technologies, AI feature, voice assistance, and Wi-Fi connectivity. Companies are focusing on increasing features like the addition of UV sterilization during the pandemic to meet the changing customer demands. Additionally, the latest robotic cleaners are compatible with Alexa and the Google voice assistant. Other connectivity like with smart hoe technology and IoT devices are opening new paths for robot manufacturers. For example, in December 2018, Neato Robotics launched Neato Zone Cleaning for the Botvac D7 Connected and No-Go Lines feature for Botvac D3 Connected with these consumers can highlight the area they want to be cleaned and create a no-go zone, respectively. This increases flexibility of robotic cleaning.
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COVID-19 Impact
The covid-19 pandemic has really changed the industrial structure of the world. With many industries going into loss and shutting down due to the pandemic while others gaining traction and popularity after the pandemic. One such industry is the robotic vacuum cleaner. The latest update in the robotic vacuum cleaners during the time of covid was the addition of UV disinfection which became very popular during the pandemic. Additionally, since the start of the pandemic there is more emphasis on hygiene which wasn’t there before. Neo, a robotic vacuum cleaner by a Canadian startup Avidbots doubled its annual sales during the pandemic. Even before the pandemic the sales were constantly increasing and according to the world robotics forecast this trend is expected to go on in the coming years.
Residential Robotic Vacuum Cleaner market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Type, the market is primarily segmented into
· Cleaning Robots
· Hybrid Robots
· Mopping Robots
Amongst Type, the Hybrid Robots segment of the Residential Robotic Vacuum Cleaner market was valued at US$ X million in 2020 and is likely to reach US$ X million by 2027 and is growing at a CAGR of X% from 2021-2027.
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By Type of Charging, the market is primarily segmented into
· Manual Charging
· Automatic Charging
Amongst Type of Charging, Automatic segment accounted for a market valuation of US$ X million in 2020 and is expected to reach US$ X million by the year 2027, at a CAGR of X% over the analyzed period.
By Distribution Channel, the market is primarily segmented into
· Online
· Offline
Amongst Distribution Channel, the Online segment of the Residential Robotic Vacuum Cleaner market was valued at US$ X million in 2020 and is likely to reach US$ X million by 2027 and is growing at a CAGR of X% from 2021-2027.
By Operation, the market is primarily segmented into
· Self-driven
· Remote-controlled
Amongst Operation, the Self-Driven segment of the Residential Robotic Vacuum Cleaner market was valued at US$ X million in 2020 and is likely to reach US$ X million by 2027 and is growing at a CAGR of X% from 2021-2027.
By End-User, the market is primarily segmented into
· Residential
· Commercial
o Hospitality
o Offices
o Healthcare
o Retail
o Others
Amongst End-User, Residential segment accounted for a market valuation of US$ X million in 2020 and is expected to reach US$ X million by the year 2027, at a CAGR of X% over the analyzed period.
Residential Robotic Vacuum Cleaner Market Geographical Segmentation Includes:
· North America
· Europe
· Asia-Pacific
· Rest of the World
Based on the estimation, the North America region dominated the Residential Robotic Vacuum Cleaner market with almost X% revenue share in 2020 and saw the highest CAGR of X% in the forecast period due to increasing cost of labor.
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The major players targeting the market includes
· iRobot Corporation.
· Neato Robotics, Inc.
· Yujin Robot, Co., Ltd.
· Dyson Inc.
· Ecovacs Robotics, Inc.
· Hayward Industries, Inc.
· Philips Electronics N.V.
· Samsung Electronics Co., Ltd.
· Pentair plc.
· Milagrow Business & Knowledge Solutions (Pvt.) Limited
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analysing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Residential Robotic Vacuum Cleaner market. The leading players have been analysed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the Residential Robotic Vacuum Cleaner market?
· Which factors are influencing the Residential Robotic Vacuum Cleaner market over the forecast period?
· What are the global challenges, threats, and risks in the Residential Robotic Vacuum Cleaner market?
· Which factors are propelling and restraining the Residential Robotic Vacuum Cleaner market?
· What are the demanding global regions of the Residential Robotic Vacuum Cleaner market?
· What will be the global market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by global companies?
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Final Report will add the analysis of the impact of COVID-19 on this industry.”
In the highly import dependent Indian medical devices market, a large number of indigenous manufacturers of syringes & needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.
The report provides a snapshot of the syringes & needles market. It begins with the introduction section which mentions the features and uses of syringes & needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes & needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.
An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes & needles and problems associated with usage. Government legislation in the market has been discussed in the next section.
The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.
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A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:
What is the aim of the report?
· The market report presents the estimated market size of Residential Robotic Vacuum Cleaner market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
· Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
· An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
· The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
· The various parameters accelerating the growth of Market are incorporated in the research report.
· The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
· Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
· The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
· The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
· Based on what factors are the key market players assessed in this report?
· The report offers detailed analysis of leading companies in the market across the globe.
· It provides details of the major vendors involved in the Market including Key Players
· A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
· the manufactured products is incorporated in the report.
· The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
· The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
· Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
· The report offers the present scenario and future growth prospects Market in various geographical regions.
· The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
· The SWOT analysis is conducted along with Porter's Five Force analysis.
· The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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