Household Robots Market 2030 By Offering (Product, Service), Type (Domestic, Entertainment & Leisure), Connectivity (Wi-Fi, Bluetooth), Application (Vacuum, Cleaning, Lawn Mowing, Entertainment, Smart Kitchen, Others), Distribution Channel & Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits

Industry : Electronics & Semiconductors | Pages : 160 Pages | Published On : Jun 2023

Household Robots Market size is estimated to grow from USD 9.7 Billion in 2023 to reach USD XX Billion by 2030, growing at a CAGR of 16.5% during the forecast period from 2023 to 2030.

Major players in the Household Robots Market include iRobot Corporation, Samsung Electronics Co., Ltd., LG Electronics Inc., Ecovacs Robotics, Dyson Ltd., Neato Robotics, Inc., SharkNinja Operating LLC, Eufy (Anker Innovations), bObsweep Inc., Maytronics Ltd., Roborock Technology Co., Ltd., Miele & Cie. KG, Yujin Robot Co., Ltd., Zhangzhou Pientzehuang Catering Management Co., Ltd., Anki, Inc., and Others.

The Global Household Robots Market holds a pivotal role in shaping the modern life>

Moreover, the Household Robots Market spurs innovation and economic development in the robotics industry. The ongoing advancements in artificial intelligence, machine learning, and sensor technologies enable these robots to perform complex tasks autonomously while adapting to changing environments. This market's growth is also bolstered by investments in research and development, resulting in robots that offer enhanced functionalities and seamless integration with other smart devices. As the demand for automation in households continues to rise, manufacturers are compelled to enhance their products' efficiency, user-friendliness, and safety features. This cycle of innovation fosters healthy competition among key players and encourages the development of cutting-edge solutions that cater to various household needs. Overall, the Household Robots Market's evolution not only enriches daily lives but also contributes to the advancement of robotics technology, making it an essential player in the broader landscape of technological progress.

Rising Demand for Automation and Convenience:

The escalating demand for automation and convenience in households stands as a significant driver propelling the growth of the Global Household Robots Market. Modern consumers, often leading busy and fast-paced lives, are increasingly seeking solutions that alleviate the time and effort associated with routine tasks. Household robots, equipped with advanced sensors, artificial intelligence, and navigation technologies, cater to this demand by autonomously performing activities such as vacuuming, floor cleaning, and lawn mowing. Driven by the appeal of efficient, hands-free solutions that allow individuals to redirect their attention to more meaningful pursuits. As urbanization and work-life balance challenges persist, the market benefits from the growing preference for technology-driven assistance that enhances daily life comfort and efficiency.

Technological Advancements in Robotics and AI:

Technological advancements in robotics and artificial intelligence play a pivotal role in shaping the trajectory of the Global Household Robots Market. Innovations in sensor technologies enable robots to navigate complex environments, avoid obstacles, and adapt to various surfaces, ensuring seamless and safe operations within homes. The integration of machine learning and AI algorithms empowers these robots to learn from user preferences and optimize their performance over time. For instance, the incorporation of voice recognition and natural language processing enables interaction between users and robots, enhancing their utility beyond mere chores to providing entertainment, reminders, and even companionship. With companies continuously investing in research and development, the market is witnessing the emergence of sophisticated robots capable of performing an array of tasks with increasing autonomy. This technological prowess not only expands the market's offerings but also fosters user trust in these robots' capabilities, further driving market growth.

Dominating Region and Country:

North America, spearheaded by the United States, commands a prominent position in the Global Household Robots Market. The region's well-established technology infrastructure, high disposable incomes, and early adoption of smart home solutions have contributed to its leadership. The U.S., in particular, witnesses robust demand for household robots, driven by a tech-savvy population seeking ways to streamline their daily lives. According to the International Federation of Robotics (IFR), the U.S. accounts for nearly 40% of the total sales of domestic robots globally. The region's penchant for automation, coupled with a culture of early technology adoption, positions it as a dominant force in the market.

Asia-Pacific, led by countries like China and Japan, showcases substantial growth potential in the Household Robots Market. In China, rapid urbanization, a burgeoning middle class, and increasing disposable incomes contribute to the rising demand for smart home technologies, including household robots. The Chinese market is driven by a strong ecosystem of tech companies investing in robotics innovation. Moreover, Japan's aging population and labor shortage drive the adoption of robots that assist with elderly care and household tasks. The Japanese government's focus on robotic technology development further accelerates market growth. The Asia-Pacific region's combination of technological enthusiasm, changing demographics, and government initiatives positions it as a promising arena for household robot adoption and market expansion.

Household Robots Market Scope and Market Size

Analysis

Details

Report Forecast Period

2023-2030

Base Year

2022

CAGR Values

16.5%

Projection Values in 2023

USD 9.7 Billion

Projection Values in 2030

USD XX Billion

Segment covered

Offering, Type, Connectivity, Application, Distribution Channel

Region

North America, Latin America, Europe, Asia-Pacific, Middle East & Africa

The Household Robots Market research report provides an in-depth overview of the industry including market segmentation by Offering, Type, Connectivity, Application, Distribution Channel, and Region. Analysis of the global market with a special focus on high-growth applications in each vertical and fast-growing market segment. It includes a detailed competitive landscape with identification of the key players concerning each type of market, in-depth market share analysis with individual revenue, market shares, and top players’ rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, and game-changing developments such as new product launches, collaborations, expansions, investment analysis, mergers, and acquisitions. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue forecast for the period 2023-2030.

The report further studies the market strategies of key players, recent development status, plans, and Household Robots Market trends across the world. Also, it splits the market segmentation further to deep dive into research and reveals company profile and prospects.

Major Classifications are as follows:

  • By Offering
    • Product
    • Service
  • By Type
    • Domestic
    • Entertainment and Leisure
  • By Connectivity
    • Wi-Fi Connected Robots
    • Bluetooth Connected Robots
  • By Application
    • Vacuum Robots
    • Floor Cleaning Robots
    • Lawn Mowing Robots
    • Pool Cleaning Robots
    • Window Cleaning Robots
    • Entertainment Robots
    • Smart Kitchen Robots
    • Others
  • By Distribution Channel
    • Online Channel
    • Offline Channel
  • By Region
    • North America
      • US
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Rest of Asia Pacific
    • Rest of the World
      • Middle East
        • UAE
        • Saudi Arabia
        • Israel
        • Rest of the Middle East
      • Africa
        • South Africa
        • Rest of the Middle East & Africa

Reason to purchase this Household Robots Market Report:

  • Determine prospective investment areas based on a detailed global Household Robots Market trend analysis over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different Household Robots Market segments in the top spending countries across the world and identify the opportunities each offers.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global Household Robots Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Household Robots Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Household Robots Market providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.

TOC

  1. Executive Summary
  2. Introduction
    1. Key Takeaways
    2. Report Description
    3. Market Scope & Definition
    4. Stakeholders
    5. Research Methodology
      1. Market size
      2. Key data points from primary sources
      3. Key data points from secondary sources
      4. List of primary sources
      5. List of secondary sources
  3. Market Overview
    1. Introduction
    2. Industry Segmentation
    3. Market Trends Analysis
    4. Major Funding & Investments
    5. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
    6. Value Chain Analysis
    7. Pricing Analysis
      1. Pricing Analysis, By Products
      2. Average Pricing Benchmark Analysis
  4. Household Robots Market, By Offering
    1. Product
    2. Service
  5. Household Robots Market, By Type
    1. Domestic
    2. Entertainment and Leisure
  6. Household Robots Market, By Connectivity
    1. Wi-Fi Connected Robots
    2. Bluetooth Connected Robots
  7. Household Robots Market, By Application
    1. Vacuum Robots
    2. Floor Cleaning Robots
    3. Lawn Mowing Robots
    4. Pool Cleaning Robots
    5. Window Cleaning Robots
    6. Entertainment Robots
    7. Smart Kitchen Robots
    8. Others
  8. Household Robots Market, By Distribution Channel
    1. Online Channel
    2. Offline Channel
  9. Household Robots Market, By Geography
    1. Household Robots Market, North America
      1. U.S.
      2. Canada
    2. Household Robots Market, Latin America
      1. Brazil
      2. Mexico
      3. Argentina
      4. Rest of Latin America
    3. Household Robots Market, Europe
      1. UK
      2. Germany
      3. France
      4. Italy
      5. Spain
      6. Russia
      7. Rest of Europe
    4. Household Robots Market, Asia Pacific
      1. China
      2. Japan
      3. India
      4. South Korea
      5. Rest of Asia Pacific
    5. Household Robots Market, Rest of the world
      1. Middle East
        1. UAE
        2. Saudi Arabia
        3. Israel
      2. Africa
        1. South Africa
        2. Rest of Africa
  10. Competitive Analysis
    1. Introduction
    2. Top Companies Ranking
    3. Competitive Landscape
      1. Competition Dashboard
      2. Market Share Analysis (2022)
      3. Emerging company case studies
    4. Company Profiles
      1. iRobot Corporation
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      2. Samsung Electronics Co., Ltd.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      3. LG Electronics Inc.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      4. Ecovacs Robotics
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      5. Dyson Ltd.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      6. Neato Robotics, Inc.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      7. SharkNinja Operating LLC
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      8. Eufy (Anker Innovations)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      9. bObsweep Inc.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      10. Maytronics Ltd.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      11. Roborock Technology Co., Ltd.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      12. Miele & Cie. KG
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      13. Yujin Robot Co., Ltd.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      14. Zhangzhou Pientzehuang Catering Management Co., Ltd.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      15. Anki, Inc.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition

Table and Figures

Methodology:

At MarketDigits, we take immense pride in our 360° Research Methodology, which serves as the cornerstone of our research process. It represents a rigorous and comprehensive approach that goes beyond traditional methods to provide a holistic understanding of industry dynamics.

This methodology is built upon the integration of all seven research methodologies developed by MarketDigits, a renowned global research and consulting firm. By leveraging the collective strength of these methodologies, we are able to deliver a 360° view of the challenges, trends, and issues impacting your industry.

The first step of our 360° Research Methodology™ involves conducting extensive primary research, which involves gathering first-hand information through interviews, surveys, and interactions with industry experts, key stakeholders, and market participants. This approach enables us to gather valuable insights and perspectives directly from the source.

Secondary research is another crucial component of our methodology. It involves a deep dive into various data sources, including industry reports, market databases, scholarly articles, and regulatory documents. This helps us gather a wide range of information, validate findings, and provide a comprehensive understanding of the industry landscape.

Furthermore, our methodology incorporates technology-based research techniques, such as data mining, text analytics, and predictive modelling, to uncover hidden patterns, correlations, and trends within the data. This data-driven approach enhances the accuracy and reliability of our analysis, enabling us to make informed and actionable recommendations.

In addition, our analysts bring their industry expertise and domain knowledge to bear on the research process. Their deep understanding of market dynamics, emerging trends, and future prospects allows for insightful interpretation of the data and identification of strategic opportunities.

To ensure the highest level of quality and reliability, our research process undergoes rigorous validation and verification. This includes cross-referencing and triangulation of data from multiple sources, as well as peer reviews and expert consultations.

The result of our 360° Research Methodology is a comprehensive and robust research report that empowers you to make well-informed business decisions. It provides a panoramic view of the industry landscape, helping you navigate challenges, seize opportunities, and stay ahead of the competition.

In summary, our 360° Research Methodology is designed to provide you with a deep understanding of your industry by integrating various research techniques, industry expertise, and data-driven analysis. It ensures that every business decision you make is based on a well-triangulated and comprehensive research experience.

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Leading Market Players

Company Market Share

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