The cleaning robot market size is supposed to arrive at USD 24.8 billion by 2026 from an expected USD 8.9 billion out by 2021, at a CAGR of 22.8% by 2026. The market for cleaning robots has expanded because of the lower size of cleaning robots compared to regular robots, more home automation, and the development of IoT. The advancement of IoT, the developing entrance of mechanization in homes, and the more modest size of cleaning robots in contrast with conventional robots have pushed the development of the cleaning robot market.
The cleaning robot market in APAC is projected to develop at the most noteworthy CAGR during the conjectured time frame. High extra cash in nations, such for example, South Korea and Japan are assuming a significant part in the development of the cleaning robot market.
Web-based business stages selling cleaning robot items are additionally assisting the market with filling in mechanically progressed nations like India and China. The rising reception of cleaning robots and the deluge of worldwide players, alongside the development of local players, are assisting the market with filling quickly in APAC.
The following companies: SharkNinja (US), Neato Robotics (US), Ecovacs Robotics (China), Samsung Electronics (South Korea), LG Electronics (South Korea), Xiaomi (China), Roborock (China), Cecotec Innovaciones (Spain), and Panasonic (Japan).
To maintain their position in the cleaning robot industry, these competitors have used a variety of growth methods, including new releases, collaborations, expansions, and contracts. From January 2018 to December 2020, partnerships were the most prevalent technique used by major businesses to assist them to enhance their product offering and increasing their consumer base.
iRobot primarily on innovation to accomplish its goal of developing practical robots. Its ability to maintain its position as one of the top manufacturers of cleaning robots has been made possible by several methods, including new releases, product advancements, and the growth of its global base.
With its significant investments in R&D (12.9 percent in 2019 and 11.7 percent in 2018), branding, and marketing, the firm has been able to sell more than 30 million robots globally. As part of its strategy to develop in the cleaning robot industry, the firm also seeks to enhance its client base through regional expansions and to give customers smarter methods to clean through the launch of several products.
Robotics innovation and modernization are driving the cleaning robot market’s expansion. Robotic cleaners have been created because of technological developments and research efforts to assist people with menial duties. Additionally, technical advances in vision and sensing tools have led to the production of reasonably priced cleaning robots that are specifically designed to perform cleaning tasks.
Users now can operate robots via remote controls or cell phones thanks to the advent of IoT and wireless technologies. A cleaning phase can be scheduled by a user even while they are not at home. Such innovations and adaptability are accelerating market expansion. The automation of these devices has been aided by the connectivity of such robots with Amazon Echo and Google Home smart speakers. Wi-Fi-connected cleaning robots are available on the market from companies including Dyson (UK), iRobot, and Neato Robotics (US).
Privately held Ecovacs is a global leader in offering premium goods for cleaning robots. The company provides 4 main products—DEEBOT, WINBOT, ATMOBOT, and BENEBOT—They offer complete functionality to make smartphone connectivity effective. The corporation has also been able to sustain and retain a leadership position in the industry thanks to extensive R&D expenditures and significant spending. Personal cleaning robots have been the company’s main area of concentration, which has allowed it to concentrate all of its efforts on supporting the home application. This has finally resulted in its commanding position as the industry leader for cleaning robots.
Some of Samsung Electronics’ primary advantages include a broad global reach and a wealth of knowledge in consumer electronics. It has also been a boost to be able to meet the demands of the cleaning robot industry with products equipped with the newest technology. To supply gadgets with top-notch features, the firm has incorporated digital services, 5G, AI, and IoT with its goods. Samsung has been able to keep ahead of its rivals in a few areas, including technology, manufacturing, and marketing of its goods, thanks to significant investments in research and development.
