(MENAFN- Industry Research Place) Robotic Vacuum Cleaner Product Segment is Likely to Maintain the Dominance in the Global Floor Cleaning Robot Market
The global floor cleaning robot market is expected to witness a CAGR of above 18.4% during the forecast period 2019-2025
With its recently published study-Global Floor Cleaning Robot Market Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025 , Industry Research Place forecasts that the global market for floor cleaning robot is anticipated to witness a significant growth owing to below-mentioned factors:
(1) Rising preference for connected home appliances
(2) Changing lifestyle and shifting customer needs
(3) Increasing labor cost tied with growing preference for service robots
The concept of floor cleaning robots is in the introductory stage of the adoption curve. Any new home appliances introduced in the market are generally viewed in two aspects from the consumer side: Necessity and Luxury. In the past, the introduction of washers and refrigerators was initially viewed as a luxury appliance. Later, these products became main stream due to intensive marketing efforts and increased customer awareness regarding the potential benefits in terms of power, time efficiency, and return on investment. Following the same analogy, the penetration of domestic service robots is anticipated to increase in the coming years.
Moreover, an increase in the number of nuclear families is changing the functional aspect of how the house operates. In the past, men were the only breadwinners of the house; but due to rising economic stress, increasing aspiration toward a better standard of living, and education attainment of women, the participation of women as an employed member in the family is increasing across regions. These ongoing trends in the modern nuclear family have increased the demand for domestic service robots (i.e., floor cleaning robots) to reduce the efforts of maintaining the house. These robots are designed to cater to the needs of the modern nuclear family, which eliminates the dependency on maids and reduces human efforts of maintaining the house.
Based on the robot type, the global floor cleaning robot market is divided into robotic vacuum cleaner and robotic mops & hybrid robotic floor cleaner. Robotic vacuum cleaner was the dominant segment in 2018 and is projected to maintain its market dominance throughout the forecast period. This is mainly due to the cost-performance ratio and rising preference for robotic floor cleaners equipped to remove even the tiny particles that lead to health issues. Robotic mops & hybrid robotic floor cleaner is anticipated to be the fastest-growing segment, i.e., at a CAGR of 23.8%, during the forecast period. Also, this segment is expected to create an incremental opportunity of more than $1 billion between 2018 and 2025.
Based on the sales channel, the global floor cleaning robot market is d into brick & mortar and eCommerce. eCommerce is identified as the fastest-growing segment, i.e., at a CAGR of 20.3%, during the forecast period 2019-2025. The growth of this segment is driven by increasing customer reliance on online platforms for attributes, such as fast delivery with exclusive deals when compared to offline retail stores. Moreover, online channels play a vital role in today’s customer purchase journey, which helps customers in making better and faster decisions.
Regionally, the global floor cleaning robot market is divided into Asia Pacific, Americas, Europe, and Middle East & Africa. Asia Pacific dominates the global floor cleaning robot market, contributing 35% share, and is expected to remain dominant during the forecast period. This is mainly due to China dominance in floor cleaning robot penetration and favorable demographics, i.e., expanding nuclear families along with increasing disposable income across various countries in the Asia Pacific region.
Floor cleaning robots and other domestic service robots are on the verge of becoming an integral part of modern smart homes
Global Floor Cleaning Robot Market Segmentation:
Global Floor Cleaning Robot Market, By Robot Type
Robotic Vacuum Cleaner
Robotic Mops & Hybrid Robotic Floor Cleaner
Global Floor Cleaning Robot Market, By Sales Channel
Brick and Mortar
eCommerce
Global Floor Cleaning Robot Market, By Geography
Asia Pacific, China, Japan, South Korea, Australia, Singapore, and Others
Americas , USA, Canada, Mexico, and Others
Europe , Germany, France, UK, Spain, Italy, Belgium, Poland, and Others
Middle East and Africa (MEA) Israel, UAE, South Africa, and Others
This report analyses the global market for Floor Cleaning Robot. The report will enable the user to understand and gain insights into the current and forecast market situation. The market is comprehensively analyzed by geography to give complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments, regions are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market.
Global Floor Cleaning Robot Market COVID-19 impact Analysis
This report highlights the impact of the Covid-19 pandemic on Global Floor Cleaning Robot Market. By combining data from a range of industry sources, as well as predictive modeling and market trend analysis, we provide an evidence-based set of projections that will allow organizations to plan their strategies more effectively. The report gives in depth analysis of short term and long term impacts of epidemic on the industry.
The COVID 19 impact assessment of Global Floor Cleaning Robot Market is divided into following sections:
Section1: Pre Lockdown
This part of the report looks at how market changed throughout early 2020, as the spread of COVID-19 intensified on different geographies.
Section2: During Lockdown
This part of the report collects data across the sector to know how people have responded to lockdown. It analyses the impact of the epidemic on the workforce in the industry and disruption in various regions and countries
Section3: Post Lockdown
This part of the report project what sector recovery could look like and summarizes ways in which the business landscape could shift.
Global Floor Cleaning Robot Market Table of Contents
Chapter 1: Introduction
Chapter 2: Summary and Highlights
Chapter 3: Market Overview
Chapter 4: Impact of COVID 19
Chapter 5 Global Market for Floor Cleaning Robot
Chapter 6: Market Breakdown by Segment
Chapter 7: Market Breakdown by Region
Chapter 8: Industry Trends
Chapter 9: Company Profiles
Chapter 10: Appendix
Report Coverage
• An overview of the Global Floor Cleaning Robot Market
• In depth analysis of market dynamics and major factors such as drivers, restraints, opportunities and trends influencing the global market
• Global Floor Cleaning Robot Market revenue data historic and forecast analysis (2015 to 2026)
• Characterization and quantification of the market segments for Floor Cleaning Robot Market
• Market share analysis of key market participants and their competitive landscape
Important Questions Answered by Global Floor Cleaning Robot Market Report
• What is the impact of COVID 19 epidemic on the Global Floor Cleaning Robot Market?
• Which is mostly affected region, country?
• Which is the current largest and fastest-growing region?
• What is the market size and growth rate of the Global Floor Cleaning Robot Market?
• What are current factors affecting the growth of market?
• What are Key trends and opportunity areas?
• Within Floor Cleaning Robot Market, which segments are fastest growing & emerging strongly? What are the drivers and restraints for each segment? What are vendor competencies by segment?
• What are the major strategies adopted by leading market companies?
• What are company challenges and essential success factors by market segment?
• How company offerings and supply chain capabilities are shifting to meet emerging market needs?
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