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
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)
Household Robots, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Household Robots, Distribution Channel Outlook (Revenue - USD Billion, 2018 - 2030)
Household Robots, Applications Outlook (Revenue - USD Billion, 2018 - 2030)
Household Robots, Regional Outlook (Revenue - USD Billion, 2018 - 2030)