Global Robotic Vacuum Cleaners Market Forecast To 2023

The global robotic vacuum cleaners market is expected decline from $4.6 billion in 2019 to $4.5 billion in 2020 at a rate of about -2.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $6.4 billion in 2023 at a rate of almost 12.5%. Rising investments and support from government contributes to the growth of the market. However, the high cost of robotic vacuum cleaners is expected to limit the growth of the robotic vacuum cleaners market.

The robotic vacuum cleaners market consists of sales of robotic vacuum cleaners and related services. It can clean floors, windows, pools and gardens efficiently without any human effort. Robotic vacuum cleaners or Robovac are home appliances, designed to clean our homes autonomously without human intervention. They are fully automated and artificial intelligence powered with various sensors and scheduling programs.

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The global robotic vacuum cleaners market is further segmented based on type and geography.
By Type: Robotic Floor Vacuum Cleaner; Robotic Pool Vacuum Cleaner
By End-Users: Residential; Commercial
By Geography: The global robotic vacuum cleaners market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific robotic vacuum cleaners market accounts for the largest share in the global robotic vacuum cleaners market.

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Trends In The Robotic Vacuum Cleaners Market Companies are launching new products in order to increase their revenue and also for gaining a competitive edge over their rivals. For instance, in 2019, in the USA, iRobot Corporation, a leading advanced robotic vacuum technology company, launched its advanced robotic vacuum cleaner, Roomba s9+ and also launched its advanced robotic mop Braava jet m6 mopping robot, that complements cleaning with mopping. Robotic Vacuum Cleaners Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides robotic vacuum cleaners market overviews, analyzes and forecasts robotic vacuum cleaners market size and growth for the global robotic vacuum cleaners market, robotic vacuum cleaners market share, robotic vacuum cleaners market players, robotic vacuum cleaners market size, robotic vacuum cleaners market segments and geographies, robotic vacuum cleaners market trends, robotic vacuum cleaners market drivers and robotic vacuum cleaners market restraints, robotic vacuum cleaners market’s leading competitors’ revenues, profiles and market shares. The robotic vacuum cleaners market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.