The household robots market is projected to grow from $9.2 billion in 2022 to $19.3 billion by 2027, according to the latest Household Robots Market report. An increasing demand for robots, rising use of Internet of Things (IoT) in robots for predictive maintenance, federal government initiatives for the development of robotic technologies, and growing demand for autonomous robots are some of the key drivers of the household robots market.
The COVID-19 pandemic also positively impacted the household robots market. Demand for online channels increased during the pandemic. Companies now offer product setup and installation services that help users buy products online without hesitation.
Currently, China holds the largest market share of the household robots market and is expected to retain its position during the forecast period. Demand for domestic cleaning, home security, and surveillance drives the market. Advanced connectivity features and the availability of a wide variety of robotic vacuums are some of the key reasons for the increasing adoption of robotic vacuums over the years.
The Household Robots market research covers current and historic trends with company outline of key players: Blue Frog Robotics, John Deere, iLife Innovation, bObsweep, Miele, BSH Hausgerate, temi, Monoprice Husqvarna, iRobot, Neato, Samsung, LG, Ecovacs, Dyson, Alfred Kärcher, LEGO, Robomow, Maytronics, Hayward Industries, ASUSTek, Miele, Bissell, Pillo, and Anki.
The report also includes in-depth market share analysis with individual revenue, market shares, and top players rankings. Also featured is an impact analysis of the market dynamics with factors currently driving and restraining growth of the market, along with their impact in the short, medium, and long-term landscapes.
The objective of this study is to identify market opportunities, estimate market size by countries and forecast the values over the next five years. The report incorporates both the qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study.
The report also covers qualitative analysis on the market, by incorporating pricing and cost analysis of components & products, and a political, economic, social and technological factor analysis of the market.
