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New York, January 19, 2022 /PRNewswire/ — According to the research report”Robotic Vacuum Cleaner Market – Forecast and Analysis Report 2021-2025”, the market will grow at a CAGR of 18% over the forecast period. The report is segmented by end-user (residential and commercial) and geography (North America, Europe, Asia-Pacific, South Americaand multilateral environmental agreements).
Asia Pacific is the largest market for robotic vacuum cleaners. Factors such as the adoption of robotic vacuum cleaners have grown substantially in the region over the past decade. especially, Singapore and AustraliaThe population over the age of 65 is growing rapidly, leading to a labor shortage, which is also contributing to the growing adoption of robotic vacuum cleaners in the region.
View free samples: Learn about other highlights and key takeaways from each segment and its impact in the years to come.
Supplier Insights
The robotic vacuum cleaner market is fragmented and vendors are deploying various organic and inorganic growth strategies to compete in the market.
Increasing competition in the market is forcing vendors to adopt various growth strategies, such as developing a new generation of robots that are more technologically advanced than older versions, in order to increase the visibility of their services. In addition, suppliers such as LG Electronics are developing large robotic vacuum cleaners with high suction power for commercial use.
The report analyzes the competitive landscape of the market and provides information on some market vendors including:
- AB Electrolux
- Dyson Ltd
- Ecovacs Robotics
- Life Innovation Limited
- iRobot Corporation
- Royal Philips
- LG Electronics
- Panasonic
- Samsung Electronics Co., Ltd.
- Sharp Corporation
Find more highlights on the growth strategies adopted by suppliers and their products, Read the free sample report.
Geographic Market Analysis
Asia Pacific will provide the largest growth opportunity for the robotic vacuum cleaner industry during the forecast period. According to our research report, the region will contribute 40% of the global market growth and is expected to dominate the market by 2025. Asia Pacific will generate growth during the forecast period from 2020 to 2025. The annual growth rate of the market in 2021 is 17.45%.
Japan and South Korea Due to the high awareness of robots, it is the main country that uses robot vacuum cleaners…
The full story is available on Benzinga.com
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