Residential Robotic Vacuum Cleaner Market Size to Grow by $ 3.49 Billion through 2021-2025 | Market Segments and Forecast

Technavio has been monitoring the residential robotic vacuum cleaner market and it is expected to grow by $ 3.49 billion, accelerating at a CAGR of almost 17% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.

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Residential Robotic Vacuum Cleaner Market: Segmentation by Product

This report provides a detailed analysis of the market by Product (Robot vacuum cleaner only and Robot vacuum cleaner and mop) and Geography (APAC, North America, Europe, MEA, and South America). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.

Residential Robotic Vacuum Cleaner Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AB Electrolux, AirCraft Home Ltd., Dyson Ltd., Ecovacs Robotics Inc., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., and Sharp Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of almost 17%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 3.49 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Growing traction for smart cities will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, North America, Europe, MEA, and South America are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   40% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are AB Electrolux, AirCraft Home Ltd., Dyson Ltd., Ecovacs Robotics Inc., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., and Sharp Corp.
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Robot vacuum cleaner only and Robot vacuum cleaner and mop) and Geography (APAC, North America, Europe, MEA, and South America)