Home Press Releases Household Robots Market Size Worth $31.99 Billion By 2030 | CAGR: 16.8%

Household Robots Market Size Worth $31.99 Billion By 2030 | CAGR: 16.8%

The global household robots market size is expected to reach USD 31.99 billion by 2030, according to a new study by Polaris Market Research. The report “Household Robots Market Share, Size, Trends, Industry Analysis Report, By Offering (Product, Services); By Type; By Distribution Channel (Online, Offline); By Application; By Region; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.

 

The growing demand for the product in the commercial sector for pool cleaning, mopping, lawn mowing, and many more household chores is expected to drive market growth. Furthermore, increasing penetration of automation robots to perform a dangerous and difficult task is expected to boost the market.

 

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In addition, technological advancement in robotics to develop robots that are capable of interacting, cognitive in nature, and could be manipulated in action are increasing the demand for household robots. Moreover, R&D investment by many key players to create innovative robots equipped with AI features with 2D and 3D vision cameras to map the house and recognize impediments, if any, are driving the market growth.

 

The COVID-19 pandemic had a negative impact on the demand for household robots as many residential and commercial projects came to a standstill owing to global lockdowns. In addition, the lack of raw materials movement due to strict government norms resulted in a delay in the production of robot components which hampered the market growth.

 

Household Robots Market Report Highlights

  • The growing demand for domestic robots is due to busy lifestyles and the increasing adoption of automation devices. In addition, these robots are convenient, save time, and have better companionship, which drives segment growth.
  • The online distribution channel is expected to dominate the market over the forecast period as they allow smooth delivery of products, and the consumer doesn’t have to bear any levied expenses.
  • The vacuuming robot type is expected to spearhead revenue growth as it cleans all levels of dirt and works on all surfaces. Moreover, the increasing aging and handicapped population is an essential factor in driving the segment’s growth.
  • Asia Pacific is expected to grow over the forecast period on account of the increasing adoption of robotic technology across China, Japan, and India. The growing geriatric population and rising R&D investment in developing innovative robots are propelling market growth.
  • Major players operating in the industry include Alfred Karcher, SE & Co.KG, Blue Grog Robotics, Inc., Bobsweep Inc., BSH Hausgerate, Dyson Ltd, Ecovacs Robotics, Inc, Husqvarna Group, iLIFE Innovation Ltd, Intuitive Surgical Inc., iRobot Corporation.

 

Polaris Market Research has segmented the household robots market report based on offering, type, distribution channel, application, and region:

 

Household Robots, Offering Outlook (Revenue – USD Billion, 2018 – 2030)

  • Product
  • Services

Household Robots, Type Outlook (Revenue – USD Billion, 2018 – 2030)

  • Domestic
  • Entertainment And Leisure

 Household Robots, Distribution Channel Outlook (Revenue – USD Billion, 2018 – 2030)

  • Online Channel
  • Offline Channel

Household Robots, Applications Outlook (Revenue – USD Billion, 2018 – 2030)

  • Vacuuming
  • Lawn Mowing
  • Pool Cleaning
  • Companionship
  • Elderly Assistance and Handicap Assistance
  • Robot Toys and Hobby Systems
  • Others

Household Robots, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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