This market research report includes a detailed segmentation of the global floor cleaning robot market by robot type – vacuum cleaner and robotic mops & hybrid robotic floor cleaner, by sales channel – brick & mortar and eCommerce, and by region – Asia Pacific, Americas, Europe, and MEA.
Overview: Global Floor Cleaning Robot Market
Floor cleaning robots and other domestic service robots are on the verge of becoming an integral part of smart homes. The current market for floor cleaning robot is driven by various factors, which include rising preference for connected home appliances, changing lifestyle along with shifting customer needs, and increasing labor costs tied with growing preference for service robots. Additionally, increasing potential for AI-empowered cleaning robots in commercial applications and emerging urban middle-class households in developing nations are anticipated to offer new business opportunities for the vendors in the floor cleaning robot market during the forecast period. However, consumer concerns related to capital cost and cleaning performance are identified as restraints likely to hinder the progression of the floor cleaning robot market during the forecast period.
The availability of labor for household services has become a serious challenge, and this is expected to even become worse in developed economies in the coming years. In the past, the concept of robots in domestic environments sounded like a luxury, but due to striking local labor force, the use of service robots for the internal environment is becoming an economically sensible choice, particularly across high labor-cost countries. Moreover, increasing investments in incorporating advanced technologies, i.e., AI, to develop robots for domestic environment is expected to accelerate the penetration of service robots in households. These factors, in turn, are fuelling the growth of the floor cleaning robot market during the forecast period.
The concept of domestic 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”. Earlier, washers and refrigerators were 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.
The progression of domestic floor cleaning robots is in the introduction stage, where most purchases are done after determining the cost-performance ratio of the product. Consumers have concerns related to the compatibility of the floor cleaning robot with their house environment and the long-term benefits of the product. In the coming years, the penetration of floor cleaning robots is expected to increase with the growing trend of home automation. Moreover, rising customer preference in modernizing the cleaning equipment, particularly among higher- and upper-median income household groups, is expected to fuel the growth of floor cleaning robots during the forecast period.
Market Segmentation: Global Floor Cleaning Robot Market
The global floor cleaning robot market is segmented on the basis of robot type, sales channel, and region. Based on the robot type, the global floor cleaning robot market is segmented into robotic vacuum cleaner and robotic mops & hybrid robotic floor cleaner. Robotic vacuum cleaner was the dominant segment in 2018 and is projected to maintain its market dominance throughout the forecast period. This is mainly due to the cost-performance ratio and increasing preference for robotic floor cleaners equipped to remove tiny particles that lead to health issues.
Based on the sales channel, the global floor cleaning robot market is segmented into brick & mortar and eCommerce. eCommerce is identified as the fastest-growing segment, i.e., at a CAGR of 20.3%, during the forecast period 2019–2025. The growth of this segment is driven by increasing customer reliance on online platforms for attributes, such as fast delivery with exclusive deals when compared to offline retail stores.
Regional Outlook: Global Floor Cleaning Robot Market
Regionally, the global floor cleaning robot market is segmented into Asia Pacific, Americas, Europe, and Middle East & Africa. Asia Pacific is anticipated to be the fastest-growing floor cleaning robot market. The market for floor cleaning robots in Asia Pacific is driven by rapid urbanization, increasing disposable income, and expanding middle-class income groups. Moreover, the growing trend of nuclearization of families throughout Asia Pacific is anticipated to fuel the growth of the floor cleaning robot market during the forecast period.
Competitive Analysis and Key Vendors: Global Floor Cleaning Robot Market
The report covers and analyzes the global floor cleaning robot market. Vendors are investing in R&D for product innovation and focusing on expanding their distribution network.
Few of the Key Vendors in the Global Floor Cleaning Robot Market
Benefits:
The report on the floor cleaning robot market contains an in-depth analysis of vendors, which includes financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. The study offers a comprehensive analysis of the “global floor cleaning robot market”. Bringing out the complete key insights of the industry, the report aims to provide an insight into the latest trends, current market scenario, and technologies related to the market. In addition, it helps the venture capitalists, floor cleaning robot vendors, component manufacturers, contract manufacturers, and distributors to understand revenue opportunities across different segments to execute better investment evaluation.
Global Floor Cleaning Robot Market: Segmentation
Table of Contents
1 Executive Summary 11
2 Industry Outlook 15
2.1 Industry Overview 15
2.1.1 Industry Trend 16
2.1.1.1 Rising preference of Home Automation/Smart Home Solutions 16
3 Market Snapshot 17
3.1 Overview 17
3.1.1 PEST Analysis 17
3.1.2 Porter’s Five Force Analysis 19
3.2 Related Markets 19
4 Market Characteristics 20
4.1 Market Distribution Structure 20
4.2 Market Segmentation 20
4.3 Market Dynamics 21
4.3.1 Drivers 21
4.3.1.1 Rising preference for connected home appliances 21
4.3.1.2 Changing lifestyle and shifting customer needs 22
4.3.1.3 Increasing Labor cost coupled with rising preference for service robots 22
4.3.2 Restraints 22
4.3.2.1 High cost along concerns related to cleaning efficiency 22
4.3.3 Opportunities 23
4.3.3.1 Increasing potential for AI empowered cleaning robots in commercial applications 23
4.3.3.2 Emerging urban middle-class households in developing nations 23
4.3.4 DRO – Impact Analysis 24
5 Global Floor Cleaning Robot Market, By Robot Type 25
5.1 Overview 25
5.2 Robotic Vacuum Cleaner 26
5.3 Robotic Mops & Hybrid Robotic Floor Cleaner 27
6 Global Floor Cleaning Robot Market, By Sales Channel 29
6.1 Overview 29
6.2 Brick and mortar 30
6.3 E-commerce 30
7 Global Floor Cleaning Robot Market, By Region 32
7.1 Overview 32
7.2 Asia Pacific 33
7.2.1 Overview 33
7.2.2 By Robot Type – Market Size and Analysis 33
7.2.3 By Sales Channel – Market Size and Analysis 34
7.2.4 By Country – Market Size and Analysis 36
7.2.4.1 China – Market Size and Analysis 37
7.2.4.2 Japan – Market Size and Analysis 38
7.2.4.3 South Korea – Market Size and Analysis 38
7.2.4.4 Australia – Market Size and Analysis 39
7.2.4.5 Singapore – Market Size and Analysis 40
7.2.4.6 Others – Market Size and Analysis 40
7.3 Americas 41
7.3.1 Overview 41
7.3.2 By Robot Type – Market Size and Analysis 42
7.3.3 By Sales Channel – Market Size and Analysis 43
7.3.4 By Country – Market Size and Analysis 44
7.3.4.1 US – Market Size and Analysis 45
7.3.4.2 Canada – Market Size and Analysis 45
7.3.4.3 Mexico – Market Size and Analysis 46
7.3.4.4 Others – Market Size and Analysis 47
7.4 Europe 47
7.4.1 Overview 47
7.4.2 By Robot Type – Market Size and Analysis 49
7.4.3 By Sales Channel – Market Size and Analysis 50
7.4.4 By Country – Market Size and Analysis 51
7.4.4.1 Germany – Market Size and Analysis 52
7.4.4.2 France – Market Size and Analysis 53
7.4.4.3 UK – Market Size and Analysis 54
7.4.4.4 Spain – Market Size and Analysis 54
7.4.4.5 Italy – Market Size and Analysis 55
7.4.4.6 Belgium – Market Size and Analysis 56
7.4.4.7 Belgium – Market Size and Analysis 56
7.4.4.8 Others – Market Size and Analysis 57
7.5 MEA 58
7.5.1 Overview 58
7.5.2 By Robot Type – Market Size and Analysis 58
7.5.3 By Sales Channel – Market Size and Analysis 59
7.5.4 By Country – Market Size and Analysis 61
7.5.4.1 Israel – Market Size and Analysis 62
7.5.4.2 UAE – Market Size and Analysis 62
7.5.4.3 South Africa – Market Size and Analysis 63
7.5.4.4 Others – Market Size and Analysis 63
8 Vendors Profile 65
8.1 iRobot Corporation. 65
8.1.1 Company Description 65
8.1.2 Business Analysis 65
8.1.2.1 Strategic snapshot 65
8.1.2.2 Business impact analysis 67
8.1.2.3 Operational snapshot 67
8.1.2.4 Product/service portfolio 67
8.2 ECOVACS 68
8.2.1 Company Description 68
8.2.2 Business Analysis 68
8.2.2.1 Strategic snapshot 68
8.2.2.2 Business impact analysis 69
8.2.2.3 Operational snapshot 70
8.2.2.4 Product/service portfolio 70
8.3 SharkNinja Operating LLC 71
8.3.1 Company Description 71
8.3.2 Business Analysis 71
8.3.2.1 Strategic snapshot 71
8.3.2.2 Business impact analysis 71
8.3.2.3 Operational snapshot 73
8.3.2.4 Product/service portfolio 73
8.4 Panasonic Corporation 73
8.4.1 Company Description 74
8.4.2 Business Analysis 74
8.4.2.1 Strategic snapshot 74
8.4.2.2 Business impact analysis 74
8.4.2.3 Operational snapshot 74
8.4.2.4 Product/service portfolio 75
8.5 SAMSUNG 75
8.5.1 Company Description 75
8.5.2 Business Analysis 77
8.5.2.1 Strategic snapshot 77
8.5.2.2 Business impact analysis 77
8.5.2.3 Operational snapshot 78
8.5.2.4 Product/service portfolio 78
9 Companies to Watch for 82
9.1 Cecotec Innovaciones S.L. 82
9.1.1 Company Description 82
9.1.2 Business Analysis 82
9.1.2.1 Product/service portfolio 82
9.2 Neato Robotics, Inc. 83
9.2.1 Company Description 84
9.2.2 Business Analysis 84
9.2.2.1 Strategic snapshot 84
9.2.2.2 Product/service portfolio 84
9.3 ILIFE INNOVATION LTD. 85
9.3.1 Company Description 85
9.3.2 Business Analysis 85
9.3.2.1 Strategic snapshot 85
9.3.2.2 Product/service portfolio 86
9.4 BISSELL 86
9.4.1 Company Description 86
9.4.2 Business Analysis 87
9.4.2.1 Product/service portfolio 87
9.5 Dyson Ltd 87
9.5.1 Company Description 87
9.5.2 Business Analysis 88
9.5.2.1 Strategic snapshot 88
9.5.2.2 Product/service portfolio 88
10 Annexure 89
10.1 Report Scope 89
10.2 Research Methodology 89
10.2.1 Data Collation & In-house Estimation 89
10.2.2 Market Triangulation 90
10.2.3 Forecasting 91
10.3 Study Declarations 92
10.4 Report Assumptions 92
10.5 Abbreviations 92
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