Residential Robotic Vacuum Cleaner Market Forecasts Rapid Growth, Forecast 2022-2032

According to Future Market Insights (FMI), the global residential robotic vacuum cleaner market will grow from US$ 2.5 billion in 2022 to US$ 9.7 billion by 2032, with overall sales increasing at a 14.5% CAGR during the forecast period (2022-2032).

The growing demand for smart homes, combined with the increased implementation of connected devices, is driving the growth of the residential robotic vacuum cleaner market.

Similarly, the reduction in time required for domestic tasks is another factor influencing the residential robotic vacuum cleaner industry. Robotic vacuum cleaners for homes can quickly complete tasks such as mopping and cleaning.

Employing domestic workers may be prohibitively expensive or illegal in some countries. The robotic vacuum cleaner can help in these situations by performing tasks normally performed by domestic helpers. Vacuum cleaners with security features, such as warning owners of intruders and fires, are expected to enter the market for home robotic vacuum cleaners.

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The growing acceptance of smart homes and smart products is increasing people's proclivity for automation, which is one of the major factors driving the market for robotic vacuum cleaners.

The desire for products that are technologically advanced in their operation and useful in streamlining tasks has grown in tandem with the growth of tech-savvy people. Customers struggle to find time to clean and mop as their lifestyles and schedules change. This will have an effect on the growth of the robotic vacuum cleaner market in the long run.

Various manufacturers are constantly introducing new products in order to capitalise on emerging market opportunities. For example, in April 2021, iRobot Corp, the world leader in consumer robots, expanded its Roomba® robot vacuum lineup in India with the introduction of the new RoombaiSeries products i3 and i3+.

However, factors such as shorter battery life, inability to clean rooms with complicated structures, and higher costs of these robotic vacuum cleaners are expected to significantly limit market growth during the forecast period.

Key Takeaways: Residential Robotic Vacuum Cleaner Market

By type, the in-house residential robotic vacuum cleaner segment is anticipated to account for the leading share in the global demand for residential robotic vacuum cleaner during the forecast period while the outdoor residential robotic vacuum cleaner segment is estimated to grow at a robust CAGR of 5% through 2032.
Among the charging mode, auto-battery charging segment is anticipated to grow at the highest CAGR of 2% between 2022 2032.
By operation mode, the self-drive robot segment is anticipated to grow at a CAGR of 6% between 2022 2032.
The U.S. residential robotic vacuum cleaner market is expected to grow at a CAGR of around 9% through 2032.
The residential robotic vacuum cleaner market in India is expected to grow at 4% CAGR during the forecast period.

"Growing demand for automated equipment is expected to drive growth in the residential robotic vacuum cleaner market over the next ten years," according to an FMI analyst.

Who is Winning?

Market players operating in residential robotic vacuum cleaner market include iRobot Corporation, Xiaomi, Neato Robotics Inc., Dyson Inc., ECOVACS, Hayward Industries Inc., Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Pentair, Milagrow Business, and Knowledge Solutions (Pvt) Limited among others.

These leading players are concentrating on introducing new and advanced residential robotic vacuum cleaners with multiple tasking features. Besides this, they are adopting strategies such as partnerships, collaborations, acquisitions, mergers, and strengthening of distribution channels to expand their global footprint.

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More Valuable Insights on Residential Robotic Vacuum Cleaner Market

Future Market Insight’s report on the residential robotic vacuum cleaner operation mode research is segmented into four major sections – type (in-house robot, and outdoor robot), charging mode (manual charging, and auto-battery charging), operation mode (self-drive robot, and remote control robot), and region (North America, Latin America, Europe, East Asia, South Asia Pacific, and the Middle East Africa), to help readers understand and evaluate lucrative opportunities in the residential robotic vacuum cleaner demand outlook.

Residential Robotic Vacuum Cleaner Market by Category

By Type: