Household Robots Market by Offer, Type, Distribution Channel, Application and Geography – Global Forecast to 2027 – ResearchAndMarkets.com

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DUBLIN–()–The “Global Household Robots Market by Offer (Products, Services), Type (Home, Entertainment & Leisure), Distribution Channel (Online, Offline), Application (Vacuum Cleaner, Lawn Mowing, Pool Cleaning) and Geography – Forecast until 2027″ report has been added to from ResearchAndMarkets.com offer.

The global household robot market is expected 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.

Growing demand for robots in domestic segment, growing use of IoT in robots for cost-effective predictive maintenance, increase in government initiatives for development of robotic technologies, and growing demand for autonomous robots are some key drivers of the household robot market.

The online distribution channel has seen growth amid the global pandemic

The COVID-19 pandemic has had a positive impact on the household robot market, particularly due to the hygiene factor. The demand for online channels has further increased during the pandemic. The companies offer product setup and installation services that help users purchase products online without hesitation.

The third-party delivery provider has started taking extra precautions to encourage consumers to buy without hesitation about getting infected.

China will account for the largest share of the household robot market in Asia-Pacific during the forecast period

China holds the largest market share in the household robot market and is expected to maintain its position during the forecast period. China is the fastest growing country in Asia-Pacific. Product innovation, as seen in robotic vacuum cleaners, has driven the growth and consumer acceptance of these products in China.

The demand from China’s growing middle-class population for household cleaning, home security and surveillance is driving the market. Advanced connectivity features and the availability of a wide variety of robotic vacuum cleaners are the main reasons for the growing adoption of robotic vacuum cleaners over the years.

Market dynamics

Drivers

  • Growing demand for robots in the domestic segment

  • Growing demand for autonomous robots

  • Growing use of IoT in robots for cost effective predictive maintenance

  • Increase government initiatives for the development of robotic technologies

Constraints

  • Regulation on legal certainty and data protection

Opportunities

  • Growing focus on improving the endurance capacity of robots

  • Various home robot upgrades in elderly assistive applications

Challenges

  • Programming robots to work safely with humans

  • Making home robots affordable and available worldwide

Companies cited

  • Beijing Roborock Technology Co. Ltd.

  • Bissell, Inc.

  • Blue Frog Robotics

  • Scanning

  • Cecotec Innovations SL

  • Deere & Company

  • Dyson Limited

  • Ecovacs Robotics Co., Ltd.

  • Hayward Holdings, Inc.

  • Husqvarna Group

  • Ilife Innovation Limited

  • Irobot Company

  • Lego A/S

  • LG Electronics Inc.

  • Maytronics, Ltd.

  • honey

  • Monoprix, Inc.

  • Neato Robotics, Inc.

  • Robomow®

  • Samsung Electronics Co., Ltd.

  • Sharkninja Holding LLC

  • Sharp Corporation

  • Temi

  • Ubtech Robotics, Inc.

  • Xiaomi Corporation

For more information on this report, visit https://www.researchandmarkets.com/r/fgpide

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