The residential robotic vacuum cleaner market share in Western Europe is expected to post an incremental growth of USD 548.97 million, accelerating at a CAGR of 15.09% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects. Unlock Free Sample Analysis Report
The residential robotic vacuum cleaner market in Western Europe is segmented by product (vacuum cleaner robots and vacuum and mop cleaner robots) and geography (Germany, the UK, the Netherlands, France, and rest of Western Europe). The increase in the number of pets is the major residential robotic vacuum cleaner market trend in Western Europe which will positively influence the market growth.
The residential robotic vacuum cleaner market growth in Western Europe by the vacuum cleaner robots segment will be significant during the forecast period. The growth of the segment is attributed to technological innovations, the availability of new advanced products such as infrared sensors, and longer battery life.
Germany has been exhibiting a significant growth rate for residential robotic vacuum cleaner market vendors. Factors such as real estate development with smart housing society and the growing population are accelerating the residential robotic vacuum cleaner market growth in Germany. Technavio's research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
The improved functionality and performance with no manual work are the primary factors that will drive the growth of the residential robotic vacuum cleaner market in Western Europe. However, the periodic replacement cost associated with batteries is the major hindrance for the market participants. The report provides a detailed study of all the other drivers that are likely to boost market growth.
The market is fragmented due to the presence of several players. Dyson Ltd., ILIFE INNOVATION Ltd., iRobot Corp., Koninklijke Philips NV, LG Electronics Inc., Neato Robotics Inc., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., and Sharp Corp. are some of the major residential robotic vacuum cleaner market vendors in Western Europe
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.
Technavio's research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. Download the Free PDF Sample Report