Household Robots Market by Offering (Products, Services), Type (Domestic, Entertainment & Leisure), Distribution Channel (Online, Offline), Application (Vacuuming, Lawn Mowing, Pool Cleaning) and Geography – Global Forecast to 2027
Description
Household Robots Market by Offering (Products, Services), Type (Domestic, Entertainment & Leisure), Distribution Channel (Online, Offline), Application (Vacuuming, Lawn Mowing, Pool Cleaning) and Geography – Global Forecast to 2027
The global household robots market is projected to grow from USD 9.2 billion in 2022 to USD 19.3 billion by 2027, at a CAGR of 16.0% during the forecast period from 2022 to 2027. Increasing demand for robots in the domestic segment, rising use of IoT in robots for cost-effective predictive maintenance, increasing government initiatives for the development of robotic technologies, and growing demand for autonomous robots are some of the key drivers of the household robots market.
Online distribution channel witnessed growth amid global pandemic
The COVID-19 pandemic has positively impacted the household robots market, most notably due to the hygiene factor. The demand for online channels has increased even more during the pandemic. Companies offer product setup and installation services that help users buy products online without hesitation. The third-party delivery provider has started using extra precautions to encourage consumers to buy without reservations about getting infected.
China to account for largest share of household robots market in Asia Pacific during forecast period
China holds the largest market share of the household robots market and is expected to retain its position during the forecast period. China is the fastest developing country in Asia Pacific. Product innovation, as seen in robotic vacuums, has boosted the growth and acceptance of such products among consumers in China. Demand from the growing middle-class population in China for domestic cleaning, home security, and surveillance drives the market. Advanced connectivity features and the availability of a wide variety of robotic vacuums are the key reasons for the increasing adoption of robotic vacuums over the years.
Breakdown of primary participants:
By Company Type: Tier 1 = 15%, Tier 2 = 50%, and Tier 3 = 35%
By Designation: C-level Executives = 45%, Directors = 35%, and Others = 20%
By Region: North America = 45%, Europe = 35%, Asia Pacific = 12%, and Rest of the World = 8%
Key players operating in the household robots market are iRobot Corporation (US), Ecovacs Robotics Co., Ltd. (China), Xiaomi Corporation (China), Maytronics, Ltd. (Israel), Samsung Electronics Co., Ltd. (South Korea), Neato robotics, Inc. (US), Dyson Limited (Singapore), LG Electronics Inc. (South Korea), LEGO A/S (Denmark), Hayward Holdings, Inc. (US), UBTECH Robotics, Inc. (China), Husqvarna Group (Sweden), Miele (Germany), Robomow (Israel), Cecotec Innovaciones S.L. (Spain), Monoprice, Inc. (US), temi (US), Deere & Company (US), BObsweep (Canada), ILIFE Innovation Limited (China), ILIFE Innovation Limited (China), Sharp Corporation (Japan), SharkNinja Operating LLC (US), Bissell Inc. (US), Blue Frog Robotics (France), and Beijing Roborock Technology Co. Ltd. (China).
Research Coverage:
This report has segmented the household robots market based on offering, type, distribution channel, application, and geography. The report discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across 4 main regions—North America, Europe, Asia Pacific, and Rest of the World. Value chain analysis has been included in the report, along with the key players and their competitive analysis in the household robots ecosystem.
Key Benefits to Buy Report:
This report includes statistics for the household robots market based on offering, type, distribution channel, application, and geography, along with their respective market sizes.
Value chain analysis and key industry trends have been provided for the market.
Major drivers, restraints, opportunities, and challenges for the household robots market have been provided in detail in this report.
This report would help stakeholders to understand their competitors better and gain more insights to enhance their position in the market. The competitive landscape section includes the competitor ecosystem and the recent development strategies adopted by the key players in the market, such as product launches/developments, contracts/collaborations/agreements/acquisitions.
The global household robots market is projected to grow from USD 9.2 billion in 2022 to USD 19.3 billion by 2027, at a CAGR of 16.0% during the forecast period from 2022 to 2027. Increasing demand for robots in the domestic segment, rising use of IoT in robots for cost-effective predictive maintenance, increasing government initiatives for the development of robotic technologies, and growing demand for autonomous robots are some of the key drivers of the household robots market.
Online distribution channel witnessed growth amid global pandemic
The COVID-19 pandemic has positively impacted the household robots market, most notably due to the hygiene factor. The demand for online channels has increased even more during the pandemic. Companies offer product setup and installation services that help users buy products online without hesitation. The third-party delivery provider has started using extra precautions to encourage consumers to buy without reservations about getting infected.
China to account for largest share of household robots market in Asia Pacific during forecast period
China holds the largest market share of the household robots market and is expected to retain its position during the forecast period. China is the fastest developing country in Asia Pacific. Product innovation, as seen in robotic vacuums, has boosted the growth and acceptance of such products among consumers in China. Demand from the growing middle-class population in China for domestic cleaning, home security, and surveillance drives the market. Advanced connectivity features and the availability of a wide variety of robotic vacuums are the key reasons for the increasing adoption of robotic vacuums over the years.
Breakdown of primary participants:
By Company Type: Tier 1 = 15%, Tier 2 = 50%, and Tier 3 = 35%
By Designation: C-level Executives = 45%, Directors = 35%, and Others = 20%
By Region: North America = 45%, Europe = 35%, Asia Pacific = 12%, and Rest of the World = 8%
Key players operating in the household robots market are iRobot Corporation (US), Ecovacs Robotics Co., Ltd. (China), Xiaomi Corporation (China), Maytronics, Ltd. (Israel), Samsung Electronics Co., Ltd. (South Korea), Neato robotics, Inc. (US), Dyson Limited (Singapore), LG Electronics Inc. (South Korea), LEGO A/S (Denmark), Hayward Holdings, Inc. (US), UBTECH Robotics, Inc. (China), Husqvarna Group (Sweden), Miele (Germany), Robomow (Israel), Cecotec Innovaciones S.L. (Spain), Monoprice, Inc. (US), temi (US), Deere & Company (US), BObsweep (Canada), ILIFE Innovation Limited (China), ILIFE Innovation Limited (China), Sharp Corporation (Japan), SharkNinja Operating LLC (US), Bissell Inc. (US), Blue Frog Robotics (France), and Beijing Roborock Technology Co. Ltd. (China).
Research Coverage:
This report has segmented the household robots market based on offering, type, distribution channel, application, and geography. The report discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across 4 main regions—North America, Europe, Asia Pacific, and Rest of the World. Value chain analysis has been included in the report, along with the key players and their competitive analysis in the household robots ecosystem.
Key Benefits to Buy Report:
This report includes statistics for the household robots market based on offering, type, distribution channel, application, and geography, along with their respective market sizes.
Value chain analysis and key industry trends have been provided for the market.
Major drivers, restraints, opportunities, and challenges for the household robots market have been provided in detail in this report.
This report would help stakeholders to understand their competitors better and gain more insights to enhance their position in the market. The competitive landscape section includes the competitor ecosystem and the recent development strategies adopted by the key players in the market, such as product launches/developments, contracts/collaborations/agreements/acquisitions.
Table of Contents
199 Pages
- STUDY OBJECTIVES
- MARKET DEFINITION
- STUDY SCOPE
- INCLUSIONS AND EXCLUSIONS
- CURRENCY CONSIDERED
- STAKEHOLDERS
- SUMMARY OF CHANGES
- RESEARCH DATA
- MARKET SIZE ESTIMATION
- DATA TRIANGULATION
- RESEARCH ASSUMPTIONS
- LIMITATIONS
- RISK ASSESSMENT
- EXECUTIVE SUMMARY
- MAJOR OPPORTUNITIES FOR PLAYERS IN HOUSEHOLD ROBOTS MARKET
- HOUSEHOLD ROBOTS MARKET FOR DOMESTIC ROBOTS, BY APPLICATION
- HOUSEHOLD ROBOTS MARKET IN ASIA PACIFIC, BY APPLICATION AND COUNTRY
- HOUSEHOLD ROBOTS MARKET, BY GEOGRAPHY
- HOUSEHOLD ROBOTS MARKET, BY APPLICATION
- INTRODUCTION
- MARKET DYNAMICS
- TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
- PRICING ANALYSIS
- VALUE CHAIN ANALYSIS
- ECOSYSTEM/MARKET MAP
- TECHNOLOGY ANALYSIS
- PATENT ANALYSIS
- TRADE AND TARIFF ANALYSIS
- KEY CONFERENCES AND EVENTS, 2022–2023
- REGULATORY LANDSCAPE
- PORTER'S FIVE FORCES ANALYSIS
- BUYING CRITERIA
- INTRODUCTION
- PRODUCTS
- SERVICES
- INTRODUCTION
- DOMESTIC
- ENTERTAINMENT AND LEISURE ROBOTS
- INTRODUCTION
- ONLINE
- OFFLINE
- INTRODUCTION
- VACUUMING
- LAWN MOWING
- POOL CLEANING
- COMPANIONSHIP
- ELDERLY ASSISTANCE AND HANDICAP SYSTEMS
- ROBOT TOYS AND HOBBY SYSTEMS
- OTHERS
- INTRODUCTION
- NORTH AMERICA
- EUROPE
- ASIA PACIFIC
- ROW
- INTRODUCTION
- STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN
- REVENUE ANALYSIS OF TOP PLAYERS
- MARKET SHARE ANALYSIS OF KEY PLAYERS IN HOUSEHOLD ROBOTS MARKET IN 2021
- COMPANY EVALUATION QUADRANT, 2021
- COMPETITIVE BENCHMARKING
- STARTUP/SME EVALUATION QUADRANT, 2021
- COMPETITIVE SCENARIO AND TRENDS
- INTRODUCTION
- KEY PLAYERS
- OTHER KEY PLAYERS
- DISCUSSION GUIDE
- KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- CUSTOMIZATION OPTIONS
- RELATED REPORTS
- AUTHOR DETAILS
Pricing
Currency Rates
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