Europe Robotic Vacuum Cleaner Market Competitive Strategies & Market Analysis by 2029
Description
Europe Robotic vacuum cleaner Market was valued at USD 1265.77 million in 2021 and is expected
to reach USD 2597.13 million by 2029, registering a CAGR of 9.40% during the
forecast period of 2022-2029. There has been
huge growth in the availability of the 5G network and the widening reach of
internet facilities. These determinants further boost the adoption of robotic
vacuum cleaners, thus help in expansion of market. Additionally,
the self-driving vacuum cleaner has also largely gained popularity
and the evolution in household work culture has enabled growth for the robotic
vacuum cleaner market within this region. Therefore, the market is estimated to
flourish rapidly over the forecasted period due to such factors.
Market Analysis and Size
Market Definition
There
has been huge growth in the availability of the 5G network and the widening
reach of internet facilities Robotic vacuum cleaner is
basically an autonomous robot with an intelligent software program. With little
to no human interaction, it performs the functions of a typical vacuum cleaner.
Due to their small size, these cleaners can easily access and clean locations
under beds, cabinets, and tables. They make less noise than non-robotic
equivalents and have sensors that prevent them from colliding with other
objects or falling down the stairs.
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Vacuum Cleaner Market
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Robotic
Vacuum Cleaner Market Dynamics
Opportunities
Advancements,
Digitalization and Investments
Furthermore,
the integration of advanced technologies such as the voice recognition and
laser-based technologies to map the floor structure further extend profitable
opportunities to the market players in the forecast period of 2022 to 2029.
Additionally, the heightened digitalization with increased adoption of
internet of things (IoT) solutions along with increased research and
development investments will further expand the future growth of the robotic
vacuum cleaner market.
Restraints/Challenges
High
Cost
On
the other hand, the high installation and maintenance cost could stifle the
market's expansion. This factor will create hindrances for the growth of the
robotic vacuum cleaner market.
Lower
Effectiveness and Other Disadvantages
The
lesser effectiveness of cleaning robots will prove to be a demerit
for the robotic vacuum cleaner market. Moreover, the rough usage of these
robots further minimizes its productivity and lifespan, which also impedes the
market growth. Therefore, these factors pose as a challenge the robotic vacuum
cleaner market growth rate.
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Chapter One:
MARKET SEGEMENTATION
EXECUTIVE SUMMARY
PREMIUM INSIGHTS
MARKET OVERVIEW
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Europe Robotic
Vacuum Cleaner Market Scope
The
growth amongst these segments will help you analyze meagre growth segments in
the industries and provide the users with a valuable market overview and market
insights to help them make strategic decisions for identifying core market
applications.
Type
· Floor Vacuum Cleaner
· Window Vacuum Cleaner
· Pool Vacuum Cleaner
· Others
End
User
· Residential
· Commercial
· Institutional
· Industrial
On
the basis of end user, the robotic vacuum cleaner market is segmented into
residential, commercial, institutional and industrial.
Robotic Vacuum
Cleaner Market Regional Analysis/Insights
The countries covered in the
robotic vacuum cleaner market report are Germany, France, U.K., Netherlands,
Switzerland, Belgium, Russia, Italy, Spain, Turkey and Rest of Europe in Europe.
ata points like down-stream and upstream value chain analysis, technical trends
and porter's five forces analysis, case studies are some of the pointers used
to forecast the market scenario for individual countries. Also, the presence
and availability of global brands and their challenges faced due to large or
scarce competition from local and domestic brands, impact of domestic tariffs
and trade routes are considered while providing forecast analysis of the
country data.
Competitive
Landscape and Robotic Vacuum Cleaner Market Share Analysis
Details
included are company overview, company financials, revenue generated, market
potential, investment in research and development, new market initiatives,
global presence, production sites and facilities, production capacities,
company strengths and weaknesses, product launch, product width and breadth,
application dominance. The above data points provided are only related to the
companies' focus related to robotic vacuum cleaner market.
Some of the major players
operating in the robotic vacuum cleaner market are
· ECOVACS (China)
· Dyson (United Kingdom)
· LG Electronics (South Korea)
· iRobot Corporation (U.S)
· Proscenic (China)
· Samsung (South Korea)
· Neato Robotics, Inc.,
(California)
· Matsutek Co. Ltd. (Taiwan)
· Robert Bosch GmbH (Germany)
· Koninklijke Philips N.V.
(Netherlands)
· Panasonic Corporation (Japan)
· Hayward Industries,
Inc, (U.S.)
· BLACK+DECKER (U.S.)
· SharkNinja Operating LLC
(U.S.)
· bObsweep (Canada)
· Maytronics (Israel)
· Taurus Group (Spain)
· Miele & Cie. KG (Germany)
· AB Electrolux (Sweden)
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