About Household Robots
Household robots is an automatic service robot used for household chores vacuuming, lawn mowing, pool cleaning, and others. Household robots market has high growth prospects owing to technological advancements such as integration of artificial intelligence, machine learning, and other technologies. For instance, Neato launched 2 new robot cleaners, Botvac D6 connected and Botvac D4 Connected integrated with laser smart technology. Further, increasing demand from the developing economies expected to drive the demand for household robots over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 20.98% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new technology, which is likely to encourage the growth of the global market throughout the forecast period Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Household Robots market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IRobot Holdings LLC (United States), Puresight Systems Pvt Ltd. (India), Alfred Kärcher (Germany), Robert Bosch GmbH (Germany), Dyson (United Kingdom), LG Corp. (South Korea), LEGO (Denmark), BSH Hausgeräte (Germany), Temi (United States), Monoprice (United States), Husqvarna (Sweden), Robomow (Israel), Maytronics (Israel), Hayward Industries (United States), Bissell (United States), WPillo (United States) and Anki (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Neato (United States), Ilife Innovations (China), Miele (Germany), Blue Frog Robotics (United States), Bobsweep (Canada) and Vorwerk Group (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Household Robots market by Type (Domestic and Entertainment and Leisure), Application (Vacuuming, Lawn Mowing, Pool Cleaning, Companionship, Elderly Assistance and Handicap Systems, Robot Toys and Hobby Systems and Others) and Region.
On the basis of geography, the market of Household Robots has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Offering, the sub-segment i.e. Products will boost the Household Robots market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emphasizing On Developing Endurance Capability of the Household Robots and Integration of Technologies Such As Artificial Intelligence and Machine Learning
Market Growth Drivers:
Rising Demand for Autonomous Robots and Increasing Demand for Service Robots
Challenges:
Lack of Awareness in the Low and Middle Income Group Countries and Lack Of Availability of Household Robots Globally
Restraints:
High Cost of Household Robots and Data Protection and Legal Safety Regulations
Opportunities:
Increasing Demand of Robots for Domestic Application and Rising Demand from the Developing Economies
Market Leaders and their expansionary development strategies
In December 2023, LG is set to unveil its latest innovation, the Smart Home AI Agent, at the Consumer Electronics Show (CES) 2024. This cutting-edge device integrates robotic, AI, and multimodal technologies to redefine the concept of home management and companionship. As we delve into the details, it becomes apparent that LG’s vision of a “Zero Labor Home” is taking a significant
Key Target Audience
Household Robots Manufacturers, Household Robots Distributors, Potential Investors, Technology Providers, Associations, Organizations, Forums, and Alliances, Government Bodies and Departments, Research Institutes, Business Consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.