The residential robotic vacuum cleaner market is projected to witness significant growth in the coming years, driven by the increasing popularity of smart home technologies and advancements in artificial intelligence (AI) and machine learning. According to a report published by Allied Market Research, the market was valued at $2.6 billion in 2023 and is expected to reach $9.6 billion by 2033, growing at a compound annual growth rate (CAGR) of 13.9% during the forecast period.
The rise in adoption of smart home technologies, coupled with advancements in AI and machine learning, has improved the effectiveness and ease of use of residential robotic vacuum cleaners. These devices offer efficient and convenient cleaning solutions, catering to the needs of consumers with busy lifestyles and a heightened focus on hygiene.
The report highlights that the floor vacuum cleaner segment is expected to dominate the market throughout the forecast period. This segment accounted for more than half of the global residential robotic vacuum cleaner market revenue in 2023. The increasing consumer demand for floor vacuum cleaners, driven by their enhanced performance and appeal, is a key factor contributing to the segment’s growth. Technological advancements, such as AI integration for improved navigation and suction power, have further boosted the demand for floor vacuum cleaners.
In terms of distribution channels, the offline segment held the highest market share in 2023 and is expected to maintain its dominance in the coming years. Consumers’ preference for in-store shopping experiences, where they can physically engage with and inspect products before purchasing, is a significant factor driving the growth of the offline segment. Retail shops and showrooms provide personalized customer attention and higher availability of goods, increasing buyer confidence and satisfaction.
North America emerged as the leading region in terms of market revenue in 2023 and is expected to maintain its dominance throughout the forecast period. The region’s robust technology infrastructure, coupled with significant consumer disposable income, enables the adoption of modern home automation technology. Moreover, the increased awareness of hygiene and cleanliness, particularly in the aftermath of the COVID-19 pandemic, has further fueled the demand for automated cleaning solutions in North America.
Key players in the global residential robotic vacuum cleaner market include Ecovacs Robotic Co. Ltd, Roborock Technologies Co. Ltd, LG Electronics, Inc, iRobot Corporation, Cecotec Innovaciones SL, Neato Robotics Inc., Electrolux AB, SharkNinja Operating LLC, Panasonic Corporation, and Haier Group Corporation. These companies have adopted various strategies, such as new product launches, collaborations, and expansions, to increase their market share and maintain a competitive edge.